5 things that self-made millionaires do differently
Thinking of joining an MLM as your side hustle? Read this first
10 business lessons from a lemonade stand
To this day, I’m asked what I think about paying kids for doing household chores. Pocket money is one of those topics that can spark surprisingly strong opinions among parents… sometimes even between partners. So here’s my stance: When our kids were little, Libby and I would pay them for chores that went above and… Read more »
You know I’m passionate about financial literacy and teaching kids about money and investing. So I’m always looking for great ideas on how achieve this. This week, I came across a new Aussie app, Drip Invest, that teaches kids under 18 about investing using real money, but under the supervision of parents. It’s designed to… Read more »
Kochie embraces his inner teen with this Swiftie guide to money – everything teens need to do to get on top of their finances and stay there. If you have trouble communicating with your teenage or adult children about good money management strategies, I’m here to help. Use Taylor Swift as inspiration. Get them to… Read more »
There’s the old saying that you can’t put a price on love. But the Bank of Mum and Dad provided $2.7 billion to their adult children to buy property over the last year. The Productivity Commission estimates mum and dad as a collective would be between the 5th and 9th biggest home loan lender in… Read more »
Kids’ savings accounts are generally horrible when it comes to features and returns – but some are better than others. As a father of four adult children and eight grandchildren, I’ve always been interested in kids’ savings accounts. Libby and I have always tried to instil good savings habits (with mixed success) into our kids… Read more »
Teens and money aren’t generally good mates, but they are actually uniquely positioned to take advantage of the power of compounding. Lucky ducks! On his 18th birthday, my son Ben asked me how he could be a millionaire by age 50. What a powerful question – one I wish I had asked at his age.… Read more »
While it feels impossible to save money these school holidays, it can be done. Here’s how to keep costs down while the kids live it up. School holiday spending can get out of hand. A couple of trips to the movies, a few lunches out, throw in a special activity like a theme park visit… Read more »
Each week we ask a question to help you focus on an area of your finances that might need a closer look. This week: What’s the best way to teach kids about money? One thing we definitely know about maximising your wealth: start as early as possible. Compounding is the key, so the sooner you… Read more »
If you want to build your own Future Fund for kids or your grandkids, these are the stocks experts currently recommend you buy. I often get asked by parents and grandparents about stocks to invest in to build a portfolio to help pay for the future education and costs of raising children. As I have… Read more »
These top money lessons are actually less about money and more about character. Which makes them the kind of life lessons that everyone should learn as early as possible. I got my first job at age 12 and I’ve been working ever since. I wouldn’t say I have “nothing to show for it” (though there… Read more »
