Issue: 384
Sent: 30-03-2010 10:52:15
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Changing Resource Sector MoodsA How To Book Of Self Managed Super FundsBrain Rules 6The Easiest way to do a Client NewsletterKids and Money: Be True to YourselfWhy Warren Buffett won't buy a NewspaperATO Taxpayer Alert on Excess ContributionsEmail Marketing Business Opportunity - Helen Bairstow
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Kids and Money: Be True to Yourself

Click here to buy - A How To Book of SMSF's by Tony Negline
Leanda Kayess

Be true to yourself and the causes you commit to. How does this apply to kids and money?

Consider where your loyalty lies. This is a great guide when faced with the inevitable distractions in our society - can you hold true to your organisation for example when tempted by that too good to be true job offer? Many an expensive mistake is made through lack of loyalty - disastrous career moves, family breakdown, loss of great friendships.

Let your kids know you will back them no matter what, and back up your words with your actions.

Kids age 3-6 are starting to develop their internal value systems, including how they determine their loyalties. Loyalty is not only assigned to people, but also causes, beliefs, vision. It's usually a lifelong assignation, so this age is a great time to model sound values and ethics around money for your children. In Kids Money eBook '7 Secrets to Teach Your Kids the Value of Money' you'll find a whole section devoted to being a good money role model as a parent.

Kids age 7-12 need careful guidance as they test their own internal belief system. A parent's role at this time can be to coach them through the inevitable tests of their loyalty to themselves (or self-resolve) as they are tempted to break their budget through advertising and peer pressure. See '7 Secrets to Teach Your Kids the Value of Money' for how to coach your kids when they make money mistakes, to ensure they retain their self-esteem.

For more fantastic, fun resources to help you teach your kids about money, go to www.qld.kidsmoney.com.au.

What's your practice doing to help improve the financial IQ of your clients' kids? Discover how you can enhance your corporate social responsibility with the KidsMoneyRedBucketPrimary School Program. Contact Leanda Kayess at leanda.kayess@kidsmoney.com.au or phone her on 0409 057 952.


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