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Does Your Life Include a RIPE Plan?–Planning Tips for Retirement, Investing, Protection, and Estate Planning – Part 2 (Investing)
Does Your Life Include a RIPE Plan?–Planning Tips for Retirement, Investing, Protection, and Estate Planning – Part 2 (Investing) by: Janet L. Hall After reviewing your retirement plan, or lack of one, you might have had a huge eye opener to the...
Frog Is In The Pot
You remember the story about the frog that was put into a pot of cold water on the stove. He was not concerned. Someone lit the burner and the water began getting warm, the frog was very comfortable and as the water became warmer he was so...
Now Is The Time To Open Your 401k For Retirement
What is a 401(k) plan?
The name is derived from the Internal Revenue Code established in 1978. It's presently administered by the government section called the Employee Benefits Security Administration, also known as the EBSA.
A 401(k) plan is...
The 10 Rules for Successful Tax-Free Income Investing
Do you sometimes question the performance of your investment portfolio? If you are like most investors you have your income producing assets thrown in together with your equity portfolio. You look at the total mix of dividend paying stocks,...
The Hawk and the Mouse - Retirement Saving
There once was a hawk, ferocious and swift. He was young and agile with many years of life to hunt the open ranch lands. In a nearby field, a mouse scurried about the ground. The hawk saw the hurried motion and swept speedily toward the rodent. ...
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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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