Go Deep, Be
Courageous, Emerge a Winner!
Serving the Business and Professional
Community since 1983!
N. Elizabeth Fried, Ph.D.
Have you ever wished that you knew the basics of financial planning when you
were a kid? Wouldn't it have been nice to have a leg-up at a much earlier age?
Despite the fact that some of my
executive coaching clients have been successful in their business or
leadership roles, they have allowed their personal finances to go haywire by
living beyond their means. Many are facing the fact that the mortgage on
their homes are upside down and they are struggling to hold on. Bringing
practical and creative ideas for the young ones in your life helps them avoid
those issues later on. Here are some fun ways that can help your children,
grand kids, nieces, or nephews get started on the right foot!
Having fun with the Basics
The "Young Investor"
website is a great introductory website which contains information ranging from
the very basics, such as familiarization with financial vocabulary to the
explanation of why Wall Street is called Wall Street. There is something for
every age group on this site: a section for younger kids as well as teens and
even one for parents! It contains easily downloadable interactive games, in
order to keep them interested and learning on a deeper level.
After learning the basics, or if your children have already saved up enough
invest, they may be ready to digest some investing advice from the "Motley
Fool". This site offers basic explanations but also more in-depth articles.
Furthermore it has up-to-date financial news in order to keep abreast of the
We also need to be aware of the international markets. Is China all that
it's cracked up to be. The
raised some questions about prosperity in China.
Question: Is betting at the
Kentucky Derby a wise use of your dollars? If you are using them as
entertainment dollars putting limits on the funds, you are probably safe.
As an investment? Hmmm....maybe if you are owner of the favorite.