Teaching kids about money and investing from a young age is one of the best things parents can do. Think about it. Time is a key ingredient to investment success because you let the magic of compound interest do its work and build wealth for you. Kids have time! Warren Buffett says that the biggest […]
We have all heard of compounding, but let’s break it down to bare basics because compounding is one of the most important concepts to understand when managing your finances. I love this quote by Albert Einstein – “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, […]
It’s no secret that children who do chores have higher self-esteem, are more responsible, and are better able to deal with frustration and delay gratification, all of which contribute to greater success in school. But did you know that you can also use chores as an effective money teaching tool? A BusyKid allowance app is […]