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
The traditional classroom assumes that learners take in new knowledge the same way. Yet research has uncovered that there are numerous learning styles which influences how we retain and process information. This has impacted the way lessons are delivered as we now get exposed to mind-maps, group activities and even writing journals in class! You would have probably found some activities more...Read More
From young, I never really liked the roller coaster nor thrill rides. Due to peer pressure, I found myself on such rides more than once but each time not quite sure why I subjected myself to that kind of trauma! Perhaps you are like me, or perhaps you swing to the other end where you embrace the adrenaline that comes from the unknown/fear factor. Our ability to stomach risk will determine...Read More
I recently had a conversation with a 17 year old who told me that she and her friends knew they needed to save. They even went to the extent of setting up separate bank accounts to isolate money that they try not to touch. However, that didn’t work! They always found themselves dipping into the account to buy stuff.
This experience is not unique. Many of us have been taught to save and...Read More
Ability to make money has always been top-of-mind for people across generations, but how many of us are able to manage money well? An unstable global job market over the last decade or so has forced Millennials and the younger Gen-Z to take a closer look at financial independence, literacy, and impact – for themselves and their children. Financial empowerment, which includes financial...Read More
Credits: Bill Watterson, Calvin and Hobbes
Control is but an illusion. For many of us who fear uncertainty, we try to prepare for all scenarios in life even though we know that’s impossible. Illness, retrenchment and accidents are all out of our control. We cannot avoid their occurrences, but can only be ready to respond when they occur. Being future ready ensures that, regardless...Read More
I come from a middle income family, graduated from an elite girls school, junior college and then a double degree from university. By society’s standards, I should be climbing the corporate ladder, working hard to earn big bucks. Being a non-conformist, I ended up only working full-time for 4 years before deciding that life was too short to be clocking hours at work for corporate...Read More