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Do Lifestyle funds provide greater security?
With the stock market stubbornly refusing to settle down and smooth out, Wall Street has been scrambling to come up with "product" they can sell to gun shy investors. One such new concept is the Lifestyle fund; an extremely diversified package...
How Can You Make Your Restaurant a Successful Venture?
Create a Successful Restaurant by Considering these Issues
The restaurant business is a tough business. So if you are contemplating owning a restaurant then beware. New restaurants open their doors every day, but most of them go out of...
How much $$$ do you really need to retire?
"Too little money makes people desperate; too much money makes
people greedy" - Aristotle
In order to retire well, without worrying about running out of
money, you must figure out how much you really need. The
financial industry people will...
How to Choose a Capital Provider and Navigate Commercial Capital Markets
Financing
a commercial real estate transaction is no longer a simple matter. Now,
there are many considerations that must be evaluated when selecting a
capital provider.
In order to increase project
velocity, improve operating efficiency,...
Investing - It's a Whole New Language
What does the term Preferred Stock mean? Learning the Lingo of Investing
Many of us are involved in the stock market, sometimes
indirectly. If you participate in a 401k or mutual fund,
you are investing in stocks through a corporation.
...
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Stocks for Christmas? Gee Thanks Mom!
Have you read any of the "Rich Dad, Poor Dad" books? They are
excellent books for people who want to increase their financial
savvy. I have been investing in mutual funds and stocks for over
10 years and it has helped increased our family's financial
worth. Now I want my kids to learn the different ways that they
can get their money to work for them.
For Christmas, I got my 12 year old daughter stock in AFLAC and
MDU. My 14 year old son got Emerson Electric and ITT Industries.
As you can imagine, neither of them were thrilled with their
presents. However, I also got them the game "Cash Flow 101" (you
can find this on the Rich Dad, Poor Dad website or sometimes on
Ebay). This game is great to teach kids (and adults) how to make
their money work for them. I recommend it highly.
Over Christmas, we spent almost one whole day playing the Cash
Flow game. You are randomly given an occupation. My son was not
excited when he got to be a janitor with minimal income and my
daughter got to be a doctor. However, it soon became apparent
that the doctor had much higher expenses and he learned that a
janitor can still invest and make money.
I hope the next time I can tell you that the kids are going to
NASDAQ everyday to check how their stocks are doing. Slowly but
surely I think they are learning what it takes to make passive
income (have their money work for them).
About the author:
Mother of 3, Loves to invest
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