Money

Teach Your Children Well

1. Spending money only happens after you earn it.

2. When kids start asking parents to drive to the toy store to buy some plastic whatnot, it's time to consider an allowance.

3. The size of the allowance shouldn't be so meager that your child is a pauper among peers, not so generous that your child can easily afford all wants with little financial planning.

4. Good grades are expected and help around the house is simply the price of family life.

5 Bad Money Habits and How to Overcome Them

Some people earn a good living, but still struggle to get by. Just because they earn three or four times the average salary doesn’t mean they don’t struggle with their household spending.

It is simply bad money habits, or spending habits, that are the reason for the ongoing struggle.  Maintaining an expensive lifestyle that is actually beyond their means is the core issue, but there are habits that have to be managed to fix it.

Here are the 5 bad money habits that need to be controlled, in order for you to take control.

10 Reasons You're Not a Millionaire

There seems to be an impression that the only reason that people aren’t able to become millionaires is because they don’t work hard enough. The truth is that hard work has very little to do with becoming a millionaire. That’s not to say that you don’t have to work hard. You do. But you also need to avoid the many pitfalls and bad financial decisions which end up being the real cause that most people aren’t able to build wealth.

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