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Getting Wealthy on Other Peoples Money
An article about using leverage for wealth accumulation Everyone wants to do a little better, or get ahead a little faster. Borrowing to invest, if arranged properly is often a very attractive method of helping a client to reach their financial...
Halliburton Under Fire for Operations in Iran
The shareholders of Halliburton are trying to stop state-sponsored terrorism, using the same economic leverage that was effective against South African racism in the 1970's. Back then, shareholders used corporate resolutions to stop companies from...
Start Planning for the Future Today
(ARA) - One of the greatest financial worries of most American families has always been, “will we have enough money to live comfortably during retirement?” Families with children are also worried about whether they'll be able to afford to send...
The Exclusive Club of Large Caps
Picture one of those clubs where only the real heavyweights need apply. In the library the old aristocrats, General Motors and JP Morgan, are dozing in their leather chairs. On the terrace, a late luncheon is underway for those who have only...
What Financial Services do Credit Unions Offer?
If you're looking for financial services, you may want to consider checking out what your credit union has to offer. Many credit unions today offer more than just a checking and savings account, they've expanded into upgraded financial services...
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Stocks for Christmas? Gee Thanks Mom!
Have you read any of the "Rich Dad, Poor Dad" books? They are
excellent books for people who want to increase their financial
savvy. I have been investing in mutual funds and stocks for over
10 years and it has helped increased our family's financial
worth. Now I want my kids to learn the different ways that they
can get their money to work for them.
For Christmas, I got my 12 year old daughter stock in AFLAC and
MDU. My 14 year old son got Emerson Electric and ITT Industries.
As you can imagine, neither of them were thrilled with their
presents. However, I also got them the game "Cash Flow 101" (you
can find this on the Rich Dad, Poor Dad website or sometimes on
Ebay). This game is great to teach kids (and adults) how to make
their money work for them. I recommend it highly.
Over Christmas, we spent almost one whole day playing the Cash
Flow game. You are randomly given an occupation. My son was not
excited when he got to be a janitor with minimal income and my
daughter got to be a doctor. However, it soon became apparent
that the doctor had much higher expenses and he learned that a
janitor can still invest and make money.
I hope the next time I can tell you that the kids are going to
NASDAQ everyday to check how their stocks are doing. Slowly but
surely I think they are learning what it takes to make passive
income (have their money work for them).
About the author:
Mother of 3, Loves to invest
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