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Category: Sharing

Adopt a Class or School – Change a Life Campaign

Adopt a Class or School – Change a Life Campaign

We’re working with Sammy Rabbit on his “Adopt a Class or School – Change a Life” campaign. If you’d like to participate, email me. Details are below.

“Adopt a Class Change a Life” Campaign Special

Teach Children SMART Money Habits!

Book + Music + Activity

Strategic Multi media, Multi intelligence approach teaches smart money habits; builds reading and listening skills!

Special (limited time only)

3 Items for price of 1

Get a FREE Story Book: It’s a Habit, Sammy Rabbit!

and a FREE Coloring Book with Stickers Inside

with Purchase of “Dream Big – Set Goals” Audio Song and Story CD (8 Tracks):

Minimum Qty – 50 Units

CDs: 50 x $4.99 = $249.50

Storybooks: 50 FREE

Coloring Books with Stickers Inside: 50 FREE

Add shipping, handling, and tax (if applicable)

Offer valid while supplies last

For more information about the books and CDs visit:

Order or Questions? Email me at:

Scams and the Education of Our Children

Scams and the Education of Our Children

Ryan just sent me this text message: “Do you think the people I gave money to this morning scammed me?”

Ryan went on an early 8-mile run with a group of people this morning. On his way home, he stopped for gas. While filling up, he was approached by two very distraught females saying they had run out of gas. They asked if he had any money they could use to buy some gas. Ryan gave him all the change he had from months of dumping his change into a middle compartment tray in his car. He said it was probably around $15.

Then, as he was retelling the story to me and John when he got home, he beamed. “That really made my day…helping those people.” It was completely genuine.

As someone who’s been on this planet for awhile, my first thought was to wonder why the two gals didn’t have a penny to their name. No debit card? No credit card? And then I stopped myself. Ryan had done a good thing. No need to analyze it – especially since he felt so good about it.

Then comes this text. Ryan’s been over a friend’s house working on editing a video they put together for an assignment. No doubt his friend planted the seed of doubt. And that makes me sad. Not because I’m mad at his friend. After all, the thought had crossed my mind, as well. No, I’m sad because Ryan is learning a little more about the world and it’s the not-so-good part.

Yes, we want our kids to be prepared for the time they don’t have us to help guide them. And part of that means they need to learn that there will be people who will try to take advantage of them. They need to be on the lookout for them although it’s not always easy to figure out the good from the bad. I guess how I’d like for Ryan to live his life is that if there’s ever a doubt, err on the side of helping people. One way he could have done that in this situation was to offer to pay for their gas instead of handing over cash.

But he’s learning. Although I have a feeling that next time, he won’t be as quick to share all the change he’s been saving. He’s figuring out the world, and, although necessary, I’m sad that a little part of his innocence was take away this morning.

Yippee! I've Got Money! A Letter to Teens

Yippee! I've Got Money! A Letter to Teens

I was asked to contribute an article to a book being published on kids and financial literacy (will share more on that later). Apart from being thrilled to have been asked, I happen to love writing, so I jumped at the chance. My given topic was ‘kids and budgeting’ and is a little longer than I usually post. But I think you’ll find it easy to read. Here we go:


Nice. You’ve got money. And if you’re like most teens, the first thing that comes to mind is to take that money and spend it. That’s reasonable. After all, you worked hard to get it. You did work hard to get it, didn’t you? But before you call all your friends and set up a date with the mall, ask yourself one question. Do I want to think like a millionaire or do I want to think like someone who lives with mom and dad when they’re 30?

You’re pretty savvy, so my guess is that you chose to think like a millionaire. Good. Because you’re going to learn some important stuff that will allow you to build wealth so that you can have and do the things you want. But always keep one thing in mind. Being rich in money is nice, but it’s also important to be rich in friends, compassion, knowledge, generosity… Then, being rich in money is so much more meaningful, for you and others.

Okay, we’ve got priorities straightened out. Now let’s get to the thinking-like-a-millionaire part. Most millionaires become millionaires because they are savvy in the art of managing their money. And the first thing millionaires do when they manage their money is to pay themselves first. It seems like a silly thing to do since the money is already theirs, but paying themselves, or in this case, yourself, first simply means that you are going to take some of your money and sock it away into savings. Then leave it there. No touchy the money. You’ll see why this is important in a minute. So decide, right now, how much of your money you will put into savings each month. A lot of millionaires started by putting aside 10% of their income. But you decide what works for you right now. You can always add more later.

Okay, pay myself first. Check.

Next, it’s always a good idea to share a little of what we have. Some like to give to their church, others like to donate to causes that are near and dear to their hearts. Whatever you choose, decide how much you want to give and how often you will be giving. It’s often easiest if you do it monthly, similar to how you put money into savings. And, hey, your parents may even be willing to match your donating dollars. They like it when they see you doing things to help others. So ask them.

But does that mean that you have to give money? No. Giving of your time and energy is just as valuable. At some point, though, maybe when you’re earning just a little bit more, you’ll want to re-visit this and make a commitment. Either way, you’ll discover a very important thing. Sharing makes people happy. And being happy is contagious. So share. It’ll make the world a better place.

Share time or money. Check.

Now, since you are a millionaire-in-the-making, you need to figure out where your money is coming from and where it is going. In other words, you’re going to track your income (money in) and expenses (money out). It’s going to take one month to gather enough information to be able to see patterns in your habits, so grab a notebook, use KidsSave or print out a recording sheet by visiting here and start recording. Every single penny you spend or bring in gets recorded. Yes, I know, it’s a hassle. But it needs to be done. Think: millionaire.

Then, when you have one month’s worth of data, look for patterns in your spending habits. If you like, you can create categories using colored pencils. (If you used KidsSave, print out your registry.) Items like soda, chips, and gum would go in a ‘snack’ category and can all be colored, say, yellow. Video games, itunes, and that new Wii controller you just bought would go in an ‘electronics’ category and colored…red. You get the idea. Expenses that are the same each month like your cell phone bill, remain in their own category. They are fixed expenses. And remember your charity and automatic savings? Consider those fixed expenses, as well.

Add up the totals for each of your expense categories. Then add up all the categories in expenses. That’s about how much you spend each month. Next, add up all the categories in income. That’s about how much you bring in each month. Subtract expenses from income. That’s how much money you have left over. No, duh. Want more money left over? Keep reading.

Keep track of my income and expenses. Check.

Okay, so you’re interested in ending up with more money. The good news is, it’s not that hard to do. And it can make a huge difference in whether or not you reach millionaire status and how quickly you get there. Here’s how.

Go grab that list of expenses you carefully recorded for one month; it’s time to take another look. This is where it can get interesting, so hang on. Choose one of the categories, like electronics, and look at the total amount you spent during that month. Now multiply that number by 12. That’s about how much you can expect to spend on electronics for the entire year. Do that with the other expense categories. Pretty eye-opening, huh? Time to reduce spending?

Start by taking a real close look at all the things you spent money on. Not happy about blowing a bunch of money on snacks at the mall? Great. Stop doing it. Wish you hadn’t bought those funky sunglasses that you never wear? Then think twice about putting out money for things you don’t really need. Not that you don’t get to have some fun with your money. Treating yourself is important. Just be aware of where your money is being spent. There’s a saying that goes “It’s better to tell your money where to go than to ask it where it’s gone.” So pay attention.

Alright, reduce spending. Check.

Okay, are you sitting down? Because this is the part where I bring up the ‘B’ word. Adults do not like this word. A lot of them even cringe when they hear it. But you’re not afraid. You’re a millionaire-in-the-making which puts you into the tough category.

Deep breath.


Budget? Yup, budget…a plan for your money. It’s hard to become a millionaire without one so let’s just hit it straight on. Besides, when you see what’s really involved, you’re going to wonder why so many adults haven’t taken the plunge.

The first thing you need to do is track your income and expenses. Done. Then you need to create income and expense categories. Done. Next, you need to subtract your expenses from your income. Done. OMG! The budget’s done. No kidding. You just need to make sure that you’re meeting all your objectives of saving and spending carefully and that, then, pretty much sums up how to create a budget. Sheesh, what’s up with these adults?

Create budget. Check.

So, when you created your budget you discovered some extra money. Money that was left over after you subtracted your expenses from your income. Beautiful. Now we get to the fun part, the building-wealth-to-become-a-millionaire part. The part where you learn how to make money work FOR YOU, instead of you working for it.

Remember that pay-yourself-first money you’ve been saving? Here’s where it comes into play. You’re going to take that money along with the extra savings you just found in your budget and begin to invest it. But here’s the deal. The money you invest is money that you won’t be able to touch for awhile. I’m talking several years. In fact, the longer you can leave it alone, the better. Let me give you a quick example.

If you started saving $100 every month when you were 18 years old, and you invested it where it received 6% annual interest, by the time you turned 65 you would have $313,187. If you did the same thing but were receiving 10% annual interest, you would end up with $1,281,919. The secret is something called compound interest. Compound interest is money that grows on itself. Remember Einstein? Pretty smart, right? Well Einstein knew how special compound interest is. He called it the greatest force in the universe. Over time small amounts of money become large amounts of money. And if you keep making contributions while not touching any of it, yowza, it’ll take off like a bat out of H – E – double hockey sticks. Sick.

And what should you invest in? Lots of things. The key is to diversify. That’s when you divide your money into different investments. CDs and bonds are a good place to start. I also recommend mutual funds. When you’re ready you can begin investing in individual companies in the stock market. And maybe one day you’ll move on to real estate. But do your research first. Always do your research. and are great places for that.

Begin my investing portfolio. Check.

Well there you have it. You’ve just set yourself up to become a millionaire. You are in control of your financial future. How cool is that? It’s very cool because that puts you into an elite group of people. A group of people with a millionaire mindset. You’re on your way to great things. Keep focused. Know your goals. Follow your dreams. Go get ‘em!

To Share…But Not With My Sister

To Share…But Not With My Sister

I was in a third grade classroom today doing a lesson on saving and spending wisely.  It’s a fun lesson because kids get to “buy” things with $25 that I “give” them.  With third graders, it’s important to let them know that the money isn’t real, nor are the items they buy.  I learned this the hard way last year.

Part way through the lesson I allow the kids to choose to save their money, spend it on another item, or share some of it.  They record this on a worksheet I designed specifically for the lesson.  Once they’ve recorded this part…the lesson continues.  It culminates in whether or not they get to go to Water Wonderland with their bestest buddy depending on how much money they have.  I’ve also learned the hard way that I need to make sure, up front, that the students know that Water Wonderland exists only in my imagination.  I had a second grader cry over this.

But mostly it’s a fun activity because kids get to peel off stickers.  And the stickers have cute little pictures on them.  Much more fun than “filling out” a worksheet.  Except for the very last worksheet “requirement”.  I ask the students to write down at the bottom what they learned from the activity.  I do this to see if I’ve made my point.  Then I collect the worksheets, read them (usually when the students are out at recess), and then send them home.

I was quite surprised at the answers to this third grade group of students when it came to filling out the part about saving, sharing, or spending more.  About 2/3 chose to save and the other 1/3 chose to buy another item.  No-one chose to share any of their money.  It made me wonder about how I presented it.  I made the assumption that they would know that they could share it with those less fortunate or maybe a cause that they are passionate about.

Turns out, my assumption was wrong.  I did the exact same lesson in a different third grade classroom later in the day.  This time, when we got to the sharing part I asked them who they could share some of their money with.  This is what they told me:  my brother, my sister, my cousin, my friend.  When I pressed for other ways they could share, I got all blank stares. 

That’s when the teacher stepped in.  “Remember when we collected money for our SPCA community project?”  Heads bobbed up and down.  “Well, weren’t we sharing some of our money to help the animals?”  More bobbing.  “Can you think of other organizations or people who might need our help?”  Yes, the could:  the homeless, poor people, the elderly, the families in Haiti…  And they all thought sharing with these was a good idea.

Alrightie, then.  I clearly hadn’t explained myself very well.  Their definition of  ‘share’ related to their everyday sharing experiences:  share a cookie, share a toy, share their crayons.  But then, why was it that no-one wanted to share their money with a sibling or a friend?  It didn’t occur to me until later to ask, so I don’t have an answer.

But another question occurred to me.  Why didn’t any of these kids associate sharing with giving to those in need?  Could it be that they aren’t accustomed to sharing money, or, at the very least, aware that mom and dad share money?  Third graders are quite capable of understanding the sharing concept.  Perhaps we need to do a better job of getting them involved.  After all, sharing is a good thing, not only for the recipient, but for the giver.  We do not want to deny this for our kids.  Note to self:  create a lesson based solely on having kids share their “money”.  Stay tuned…