Issue: 388
Sent: 27-04-2010 09:31:05
In this issue:

New Pricing Should Mean New PortfoliosA How To Book Of Self Managed Super FundsThe Power of Thought & Ageing. Part 2The Easiest way to do a Client NewsletterReally Caring - healthy confrontation about money issues with kidsWhy Warren Buffett won't buy a NewspaperThe Future of Financial AdviceEmail Marketing Business Opportunity - Helen Bairstow
Return to full article list
HomeFree weekly newsletterSelf Managed Super Fund ArticlesContact usLogin AllThingsConsidered.biz

Really Caring - healthy confrontation about money issues with kids

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

What does it mean to really care? It means that you care enough to confront with love. My friend, Shelley Evans-Wild from NeuroPower Learning and Development has a great word for it - 'carefrontation™.

It's something we do time and time again with our kids as we guide them to becoming great adults.

Encourage healthy confrontation about money issues. This is done by confronting the issues with love, stating them 'warts and all'. You won't always be happy about the way your kids are handling their money - don't avoid the issues, but confront with love.

Your kids won't always be happy with the way you are managing the household's money. Create a home environment where you are willing to admit that you don't know it all, and it is safe for the kids to raise their issues and what they feel is right for them without fear of judgement or punishment.

Involve your younger children in these discussions - you will be surprised how much they understand and contribute if encouraged.

'7 Secrets to Teach Your Kids the Value of Money' ebook by Greg Smith is a great guide to discussing money with kids and coaching good habits.

For great resources to help you teach your kids about money, including the e-book mentioned in this article, see www.qld.kidsmoney.com.au. Leanda Kayess can be contacted on leanda.kayess@kidsmoney.com.au, or phone 0409 057 952.

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@kidsmoney.com.au.


Share this article
Click to share this article on Facebook Click to share this article on Twitter

Previous article         Next article

 
If you liked this article and would like more by email, subscribe! It's free.

[Bold fields are required]

Your details

Your alternate email address is used only if messages to your primary email address are returned to us.

Industry

Do you work in the financial services industry?

This email is general in nature only and does not constitute or convey specific or professional advice. Legislation changes may occur quickly. Formal advice should be sought before acting in any of the areas discussed. Be aware that the information in these articles may become innaccurate with time. Responsibility is disclaimed for any inaccuracies, errors or omissions. Particular investments are neither invited nor recommended and hence this publication is not "financial product advice" as defined in Section 766B of the above legislation. All expressions of opinion by contributors are published on the basis that they are not to be regarded as expressing the official opinion of any other person or entity unless expressly stated. No responsibility for the accuracy of the opinions or information contained in the contributor's articles is accepted by any other person or entity. Copyright: This publication is copyright. If you wish to reproduce this article you require a license, which can be purchased here, to do so.

 
 
Site design by Raycon