Money Mentoring Team for Your Kids
Kids report that parents find it easier to discuss
drugs and sex with them than money. Which is to say
the conversations rarely happen. Building a Money
Mentoring team is one way to get the subject on the
table and in the real lives of your kids.
The idea is simply to identify a group of people
with whom you can barter time: ask them to spend a
couple of days a year with your kids (a team of six
can translate into 12-18 days of money talk a year
for your kids) to whom you can offer a service in
return-maybe a gift certificate for a massage or a
great bottle of wine will do the trick.
- Do you have a friend who raises money for
non-profits and can talk about the world of
- Do you know anyone who works in mortgage
loans, or commercial credit? Ask them to take
your teenager for an afternoon to visit a house
that is being sold and talk about how the
mortgage process works.
- How about the parent you met at the last PTA
meeting who mentioned they're in charge making
sure their company's benefits are 'family
friendly.' How about asking them to talk about
what a family friendly benefit IS?
- Or think about successful entrepreneurs you
know-would they talk about their life choices
with your kids? Can they talk about corporate
life vs. the entrepreneurial life?
Every family will create a different team. You
might organize your best friend, a grandparent,
your investment advisor, maybe an aunt and a
co-worker all to be on the team. Your best friend
might recruit her father, a co-worker, a favorite
teacher. Whatever the particular make-up, the idea
is to create an extended family of money mentors
who will, over time, reinforce key values and
expectations, offer a cumulative set of money skill
building experiences, and take the pressure off you
as the only source of your children's financial
education. That team is part of the 'village'
required to raise a child.
Making the Team Work... (for the full text of
the article visit Independent Means's website:
or call 800-350-1816.
© 2007, Independent
* * *
Some people think they are worth a lot of money
just because they have it. - Fannie Hurst
Means, Inc. sets the standard for innovative
resources for Raising Financially Fit Kids. Your
kids are developing views on money through your
actions! This month, make a note to talk about
hidden costs - the price of that trip or the car or
club membership that DOESN'T show up on the price
tag. Source: www.independentmeans.com
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