Financial Knowledge

Teaching kids and adults about personal finance doesn’t have to be boring or dull.

Recently, I had share and idea of online shop for teenagers how they can create income in a fun way especially teenagers who like art.  It will require a bit of parents help to set up the account but overall teenagers are very smart and learn quick how it all works.    For example Cafepress.com They already have product ready such as school bag, mugs, shirt, and all you have to do is designing the product.  Here is one example:  Color Ray  The teenagers have so much fun creating the design.  After the designing part, all they need to do is sending out to their friends, and maybe family members to pass it forward.  Parents role can be monitor their progress or guide them through about setting pricing and also share ideas about marketing.  Overall, the main point is first having fun doing it and giving the knowledge about different way to earn money.  In that process.  There are many discovery and learning.  They may not make millions but the experience is more valuable.

The following is an article to show more ways how to teach children about money in a fun way with parents.  Some great ideas:

This post comes from Rob Berger at partner blog The Dough Roller.

With the holidays approaching, it seems we’re all in a mad dash to our favorite retailers. Between figuring out what to buy for those on our list, to buying the gifts and then wrapping them, there’s no time to enjoy the season. Image: Counting coins (© JGI/Getty Images/Getty Images)

On top of that, how many gifts will we buy that end up at the bottom of a closet, only to be found when a recipient appears on an episode of “Hoarders”?

Instead of maxing out credit cards this holiday season, why not give a different kind of gift? I have in mind the gift of financial advice. Here are five ways to give it in a way that your friends and family just may enjoy.

Company stock

A single share of stock in a company is an ideal gift for young children. While they may not fully appreciate the gift immediately, over time they will. Had you bought a single share of Apple 15 years ago, a $1 investment would be worth more than $500 today. What a great way to teach a teenager about the value of long-term investing.

 A game 

One of my favorite games is called The Settlers of Catan. It’s a strategy game that’s easy to learn and fun to play. It requires players to formulate strategies, make investments, and take risks. It’s a great way to teach children about business and life, without letting on that they are actually learning something.

A book

While you have to be a bit careful here, you probably have some friends and family members who could benefit from certain personal finance books. We all know somebody struggling to get out of credit card debt or save more for retirement. Two books I highly recommend are Dave Ramsey’s “Total Money Makeover” and Ramit Sethi’s “I Will Teach You to Be Rich.” Both are excellent books that can really help folks get back on the road to financial freedom.

 

 

4 thoughts on “Teaching kids and adults about personal finance doesn’t have to be boring or dull.

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