Teens Archives | Empower2free

by Cynthia WongNovember 13, 2020 Money Skills, Teens, Young Adults0 comments

3 Common Money Management Advice You Might Want to Reconsider Following

Money advice is easy to find, but hard to differentiate. With advice coming to us from left, right and centre, how can we make sure that we follow the right ones? Here are some common money management advice which you might want to think twice about. 1. You need to save even more There is a limit to how much we can save from our monthly income. Although it may seem like a great...

by Cynthia WongNovember 11, 2020 EMPOWER2FREE's Journey, Money Skills, Teens, Young Adults0 comments

Gaining Financial Independence through Adulting

For individuals who are adulting, financial independence is a huge milestone. We often struggle with reading/paying bills, and making sound financial decisions that we are confident of. CoVid-19 has resulted in high levels of economic uncertainty. Individuals feel anxious about the future and not know the best way to respond financially. This workshop aims to empower young adults aged 18 to...

by Cynthia WongAugust 25, 2020 EMPOWER2FREE's Journey, Money Skills, Teens, Young Adults0 comments

Becoming Financially Independent from Parents

2020 is shaping up to be a year that shows the power of financial independence. As teenagers, we crave independence. This means we also need to become financially independent from our parents. When we do not depend solely on others for livelihood, we have more control in our lives. This gives us a greater say in how we respond to our environment. COVID-19 has forced countries into isolation...

by Cynthia WongJuly 28, 2020 Children, Money Skills, Teens0 comments

Understanding Bank Accounts

Chances are we all have more than one bank account. As the world switches increasingly to being cashless, bank accounts become more important. They are now the new substitute to our traditional wallets. bank accounts money management. Depending on your preference, you may have one or many accounts. Choosing suitable accounts is similar to buying wallets that meets your needs. It is important...

by Cynthia WongJuly 21, 2020 Money Skills, Teens, Young Adults0 comments

Teaching Teenagers How To Trade – Part 2

Learning how to trade is increasingly popular as a way of making money. If you have not read our article on the overview of investments and trading, you might wish to look at that first to get the context of today’s discussion. lifeskill how to trade Today, we are going to look at the benefits and risks of investing versus trading. At the core of trading/ investing, people earn through...

by Cynthia WongJuly 7, 2020 Money Skills, Socio-Emotional Skills, Teens, Young Adults0 comments

Build Financial Resilience as a Young Adult

Building financial resilience is becoming increasingly important. 2020 is turning out to be a year that none of us had expected. There is a lot of uncertainty around when all these will end and go back to ‘normal’. It has also been challenging for individuals to figure out a new way of living. Studies have shown how COVID-19 has impacted our finances. As spending patterns change, this has...

by Cynthia WongJune 30, 2020 Brain Skills, Teens, Young Adults0 comments

Hacking Into New Habits

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. self growth hacking habits 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....

by Cynthia WongJune 23, 2020 Money Skills, Teens, Young Adults0 comments

Teaching Teenagers How To Trade – Part 1

Many teenagers and young adults are now exploring trading as another way to earn money. It’s thus imperative that they know how to trade and what it is. It was heartbreaking to read the news of Alexander E. Kearns’s suicide! Imagine feeling you had to take your life because of $730,000 in debts. Worst, this was a temporary balance before settlement. Subsequent revelations...

by Cynthia WongJune 16, 2020 EMPOWER2FREE's Journey, Money Skills, Teens, Young Adults0 comments

The Art of Earning Money as a Teenager

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. Hence, Adulting advice about earning money 1) Getting A Job Most of us earn income by getting a job. From young, children may have learnt to...

by Cynthia WongJune 9, 2020 Children, Money Skills, Teens0 comments

3 Key Money Values To Teach Your Child

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...

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