[travellinkOne]

go to your search engine and look up David Bach you'll be glad you did as also will your children....awesome site for free.....

[Newton]

Originally Posted by Sam Barona

Is there a website that helps parents do this? Would it make sense to create one?

All sounds very worth while, and I am sure there would be many interested banks, funds for kids type companies wanting to support/advertise on it.

Sam

PS. didnt think i would be taking lessons on parenting here, but i will put Newton's ideas to work with my 3 kids. Great post Newton.

Cool as!

We tendered for housework as kids. There was always more jobs than people were willing to do, Dad had a lot of fun with it, and we got to choose how much work we did.

[EntrePR]

Check out cashflow 101. (link to torrent: http://btjunkie.org/torrent?do=downl...7b86b0.torrent)

I've seen 6 year olds master this game, and it has some good lessons to teach.

[made4success]

You all need a lesson in today's educational system… In 1945 the school system in the US and EU as well as across the world was replaced with child psychology as the primary foundation for education. Tell me this my friends, how in the world do we teach children finances when the developed countries of this vast world have so much personal debt.

To teach in it's fullness is to educate, as parents we are the educators of our children. Do not rely on schools to teach a child how to run their finances when the vast majority of schools are so over budget they teeter on a razors edge. If you can't run a family budget you can not help teach your child to be responsible with their money.

One thing is clear, if a child (or adult) works for it, they will respect it. If they save for it, they will draw more enjoyment from it. If they receive it for free they will loss it, proven fact.

[kazisdaman]

Here is what you do:

Start out with $1.00. Now some would say, it doesn't matter what a kid does with a dollar. But where does it all start out, a kid with a dollar. Some of the major mistakes are the few errors commited early and repeated.

So it is very simple, what a kid should do with a dollar. This works, and you can think of any different stuff of it.

don't spend more than 70% of the dollar. If the kid asks why, thats what opens the door and you say. Let me show you.

And you get in the car and drive the kid around to the poor neighborhoods and you ask them, do you want to live how they do.

The kid says noo.

Do you want to live how theses people do in theses neighborhoods?

The kid says noo.

Well you can't spend the whole dollar. Let me show you my son, a way out of this. And it is a very simple 70/30 rule by jim rohn.

10% charity.
10% passive capital. - let others invest 4 u
10% active capital. - invest yourself, whatever

70% spending limits.

[kazisdaman]

PM me if u want the audio.

[made4success]

Kazisdaman,

Two things I hate in this mixed up world…
1) Someone who speaks with the authority of experience that has never had any authority on the subject they speaks on.
2) Someone who looks down on others for not having what they have and blaming the social conditions in which one lives as though they deserved it.

My advice to you is redefine yourself and realize you are no authority on children or on the causes of poverty.

[kazisdaman]

Originally Posted by made4success

Kazisdaman,

Two things I hate in this mixed up world…
1) Someone who speaks with the authority of experience that has never had any authority on the subject they speaks on.
2) Someone who looks down on others for not having what they have and blaming the social conditions in which one lives as though they deserved it.

My advice to you is redefine yourself and realize you are no authority on children or on the causes of poverty.

Respectfully made4success,

• the information that I presented is from Jim Rohn who is a personal development speaker. I did not make it up myself by any means.
• I can sort of agree with you on the second, although I think maybe this was some miscommunication on my part. All the idea is trying to do, is 'show' the kids what the consequences were if they spend all of their money, and do not invest. And yes, you could say look down upon people who make mistakes with their money early and on for the rest of their lives. But I believe the context was taking differently, it is to show kids, the negative impacts of spending all of their money, not to humilate people.

I'm not the authority, that is information I have learned from my mentor, jim rohn, and believe it has valuable information.

Respectfully, do you disagree with the general idea? of 70/30? and showing the kids the negative aspect of spending 100% of their income?

[made4success]

I can respect your position, however as a parent, and grand parent, children do not learn by trial and failure. They learn by example, pier pressure, social climate, and a number of other variables. Today the average high school student receives $50.00 a week in allowance. The average collage student is more the $30,000 in dept. The average elementary student has on averaged $20.00 in their pocket at any given time.

With all this said, one would find it hard to change the social climate in which the children of today must survive. Your point of showing by exsemple is the right tool, however, the use of that tool must be demonstrated extremely well in order to carve out the model, and produce the proper outcome by which you speak.