As I write this, half of 2020 has gone and most of us spent the first half of the year dealing with the curve-ball of figuring out how to deal with the pandemic.
Now that countries are slowly opening back up, we are all trying to determine how to get our lives back to ‘normal’. During this period, some of us got more present to how lives can be reset. Others, like me, have formed...Read More
It was heartbreaking to read the news of Alexander E. Kearns’s suicide, and to know that he felt he had to take his life because he got into debts of $730,000. What made this worse, was that subsequent revelations indicated that he wasn’t necessarily truly in debt of $730,000, and that could have been a temporary balance before settlement.
I couldn’t help but wonder if...Read More
As our children grow into teenagers, they desire more independence. Some start looking for part-time work as a way to expand their income. This is a great opportunity for parents to coach and guide children into how to earn money more effectively.
1) Getting A Job
Most of us earn income by getting a job. From young, children may have learnt to exchange effort for money by being paid to...Read More
Teaching kids about money is challenging. We often learn how to teach the value of money by observing our parents, through collective wisdom on social media and having conversations with our children when opportunities arise. This means that children do not get a holistic and complete view about how to manage money. Their learning is limited by what they are exposed to. After talking to...Read More
I recently interviewed two mothers who had contrasting views on the idea of paying their children to do household chores. Both were right in their views – the one who refused to pay wanted her children to learn to help out with housework as a form of contributing to the family without the expectation of being rewarded financially while the other wanted her children to learn the effort...Read More