the Creative Money blog
Children as young as three years old can grasp financial concepts like saving and spending. And a report by researchers at the University of Cambridge commissioned by the United Kingdom’s Money Advice Service revealed that kids’ money habits are formed by age 7. Here are three things that traditional advice forgets when encouraging you to teach your child about money.
Despite 91% of women saying it’s important that they feel confident in their abilities to invest, 58% of these women don’t have any interest in learning about the stock market. As USA TODAY reports, millennial women show less interest and confidence than millennial men when it comes to the stock market. For instance, 49% of women, compared to 69% of men, agree the stock market is the best place to invest for retirement.
I recently had the opportunity to hear Scott Berkun speak at World Domination Summit 2014. He told us a story about when he and a group of his friends recently rented a vacation home by a lake. They noticed that the boat house had a trapeze that they could use to swing out over the lake, and then jump in. They were all very excited to use it, but when it came time to make the leap, several of them paused to start discussing the “best way” to approach it. The discussion kept them in their heads, instead of taking action.
I’m taking a break from producing the full Money Rebel magazine (you can download prior issues here), but here’s an amazing entrepreneur I just had to share with you, Maggie Patterson! Here’s her entire interview.
I’m taking a break from producing the full Money Rebel magazine (you can download prior issues here), but here’s an amazing entrepreneur I just had to share with you, Amy Oscar! Here’s her entire interview.Next Page »