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Kids and Money: How to Teach Wealth Habits to Your Kids

1 - I can do better 2 - Jury's out 3 - Pretty darn good 4 - Splendiferous 5 - Awesometastic (by 13 people)   Your rating: 1 - I can do better 2 - Jury's out 3 - Pretty darn good 4 - Splendiferous 5 - Awesometastic

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Rated G. (Control what you see)

Kids & Money: Teaching Wealth Habits to Your Kids

 

Have you realized that you'd like to spare your children the burden of repeating your money mistakes?  (or, of the poor money lessons that you were taught as a child?)  Do you want your kids to learn NOW - while they're young - the money wisdom and skills that you are acquiring on the "Get Out of Debt Now" or "Law of Attraction" paths that you are (fortunately) now on?

Would you like your kids to learn Abundance and Wise Money Management now, when they're young?  Would you like your kids to build strong habits that will help them save, spend and donate money wisely?
 
Great!
 
But, how do you do that?
 
Hmmm, you could:
 

  1. Attempt to take everything you've learned about getting out of debt, money management, savings, allocation, allowance, investing, abundance and law of attraction, and distill it down to some core elements
  2. Then, take those core elements and figure out how to convey those concepts to kids into a fun, easy method
  3. Then, take that fun, easy method and figure out how you, a busy parent with busy kids, can actually implement that method into your daily lives
  4. Then, use trial and error to arrive at a fun, easy system that really works with your real-life busy family


Or, you could:
 
     1.  Get my book, The Kids' Bank Book which has done all of that work for you already.

Hmmm, what to do, what to do . . .

If you teach your kids great wealth habits now, they'll enjoy financial abundance and freedom when they're adults. 

Do you want some pointers and a jump start?  Then, this Squidoo page is for you!

 

 

20% OFF for Squidoo-ers

20% OFF The Kids' Bank Book e-book regular price of $27

Use Squidoo Coupon Code: MY20COUPON

Get It Soon - Coupon Expires June 15th!

Get Your "5 TIPS to Wealth Training Your Kids" via email 

First step, get the FREE 5-day Tips to Wealth Training Your Kids e-mail. Lots of good content too - 5 fairly-in-depth discussions of 5 issues relating to kids and money and families.

DO THIS NOW! Then you'll have the first topic waiting for you in your e-mail by the time you're done reading this Squidoo lens!

Actually, Squidoo's changed - you can't sign up here - you need to got to Kids' Bank Book. Go now or go later - but just go!

Fun Counts! 

When it comes to kids and money, fun counts!

3 words: Charlie Brown's teachers

Remember their voices? "Wah wah wah, wah wah wah wah"

That's what your kids hear as soon as you speak about money - regardless of whether what you say is kind, brilliant, lecturing or in pseudo-kids-lingo.

What to do? Speak less, do more

WHAT???!!! It's true and can be done.

[Charles Schultz was a hero of mine, along with Walt Disney & Jim Henson, growing up. His image is courtesy of The Official Peanuts Website.]

3 TOP Reasons Why Piggy/Traditional Banks Fail 

a.k.a. Why you wouldn't be caught dead using a piggy bank to teach wise money management and wealth habits to your kids.
  1. Piggy banks fail to teach any money habits, financial strategy, discipline or planning.
  2. Piggy banks reinforce negative habits and beliefs. For example: "put all your money here and let it sit there being useless, and when you want or need money, then dig and scrape to get to it, and count it, maybe you'll have enough, maybe you won't." That fails to work as an adult, so why train for that dysfuntional mentality now?
  3. Piggy banks fail to allow for today's paper-bill dominated society. Every try to squish a $10 bill into a piggy bank slot? It's offensive what you have to do to the money in order to put it into its so-called-place - it is antithetical to the whole idea of responsibly caring for your money. We teach kids to make their bed, fold and hang their clothes neatly, keep their homework organized, but then, when it comes to money - just crumple it into a ball and jam it into the so-called-bank.

Your Best Summertime Gift to Your Kids - is from you to you! 

Okay, you've got the summertime planned, the vacation, the fun, the summer reading list . . .

But did you seize the summertime opportunity to teach your kids WISDOM?

It's hard to fit it in during the school year, with the homework, dinner, science projects, etc.

If you slip in just a little time for money wisdom, you'll gather yourself up a whole lot of peace of mind for the coming years ahead! You'll prepare and lead your children and your family into Fall 2008 - waaaaayyyyy ahead of the others!

Now's the time to find out how to raise wealthy kids - even if you're not wealthy (yet)!

Get yourself the one tool that will teach you how to teach WEALTH HABITS to your children now, so that they will have a STRONG WEALTH MUSCLE when they're adults!

Get The Kids' Bank Book Now!

1 TOP SOLUTION - 4 Part Wealth Bank 

[aka Giving Bank, Abundance Bank, or Tithing Bank]

What to do? Make the simple, or elaborate, version of the 4-part abundance bank in The Kids' Bank Book, which has step-by-step instructions, and lots of How-to Tips.

Want the bare bones version now? Go to my Squidoo lens on How to Build a 4 Part Kids Wealth Habits Bank.

[But, I know you're gonna want the gorey details later, so there's a link on that Squidoo lens for the Book that gives you all the how-to secrets.]

How to Make a 4-part Kids Wealth Bank 

TOP 7 Reasons Why Parents come to us 

You want to teach your children Wealthy Habits because:

  1. You've watched "The Secret" or attended/read Law of Attraction workshops/books, and want to pass this wisdom to your children, especially in the financial area
  2. You've read "Rich Dad, Poor Dad" and want your children to learn its lessons - now, before they are your age
  3. You want to spare your children all of the negative beliefs that you or others grew up with about money (e.g. it doesn't grow on trees, more money means more hard work, scrimping means saving), and you want to replace it with positive, abundant-minded beliefs and actions
  4. You come from a donating, tithing, charitable background, and want to pass that value system on to your children, while giving them a sound, balanced understanding of how money works
  5. You want to spare your children the pain of becoming buried in credit card debt or other consumer debt - but you don't want to hand them everything on a silver platter either - in other words, you want them to learn wise money management lessons early
  6. You are wealthy and want your children to have an appreciation and understanding of money that they won't acquire by simply enjoying your comfortable lifestyle, or by simply getting a job
  7. You want to save your children the pain of waiting until they are 30, 40, or 50 years old to "get it" when it comes to money

OK, it's Time . . . to get the Facts and the Book 

Just get the Book now and get all of your questions answered. [FYI, if you still have a question after reading the book, I'll answer it. Highly unlikely that a detail-oriented attorney would leave a stone unturned, but hey, it could happen. (One of my favorite movie lines, from "Angels in the Outfield.")]
  • $27
    [notice I spared you the mile-long sales pitch of hype and highlighting before you found out basic stuff like price?]
  • 100+ pages
  • Easy to read
  • e-Book in MS Word format
    [appears instantly on your computer screen after your payment is also instantly approved]
  • Get a 20 page Excel Spreadsheet via email
    [gives you budgeting and projection help, detailed allowance and Return on Investment calculations; use the spreadsheets as is, or experiment with entering your own unique dollar amounts]
  • Get more information about the Book at The Kids' Bank Book website
  • Skip the website and go right to the Kids Bank Book Shopping Cart
  • Complete Money-Back Guarantee (no questions asked)

3 KEY "HOW TO" STEPS to teach Wealth Habits to Your Kids 

[from "The Kids' Bank Book" e-book available at Kids Bank Book]

I had a tough time narrowing it down to just 3. Here they are. [Gosh, lawyer-writers have soooo much to say!]
  1. Money generates more money - if invested - and that More Money is called Return On Investment (ROI). Kids can and DO learn what ROI is almost instantly because of how the Kids' Abundance Bank is set up.
  2. An Abundance Bank has 4 sections:
    - More Money
    - Spending
    - Holiday/Birthdays (to spend on gifts for others)
    - Donations
  3. Giving kids an allowance and ROI is giving kids the tools to practice how to handle money so that they will develop a rock-solid HABIT at an early age. Without the tools they can't practice. Sure, they can get a job, but now you have just convoluted and complicated the REAL message - how to handle money once you get it. Have concerns about kids' jobs v. allowance? The important thing is that you get to determine the amount of the allowance and the ROI. The Kids' Bank Book helps you with these numbers. Visit the website or read the book for a more detailed discussion.

FAQ: Frequently Asked Questions 

  • Q: How early can I start teaching my children about money management skills?

    A: Children as young as 5 years old will embrace the money system that you will teach them from The Kids' Bank Book.
  • Q: Should I buy a special 3 or 4 part bank for my child to use with The Kids' Bank Book system?

    A: Absolutely Not! There is no bank on the market that sufficiently addresses all of the aspects that are necessary in a good money management bank. The Kids' Bank Book will tell you how to create a simple or intricately beautiful perfect bank for your children to enjoy while learning great wealth-building skills.
  • Q: I don't think I have good teaching skills, how will I be able to take what The Kids' Bank Book says and teach it to my children?

    A: The Kids' Bank Book has both step-by-step instructions of how to talk to your children when dealing with money, AND an easy-to-use system that your children will embrace quickly. You'll do less teaching and more enjoying watching them use their new money skills.

Allowance Questions 

Got Allowance questions?

Why? (to give it)
For what? (in exchange for what, if anything)
When? (how often)
How much? (10s, 20s, 30s?)
For what? (to be used for what)

Then see my Squidoo Allowance lens.

Email Me 

Got a Kids & Money question?

Just hit the "Contact Me" link just below my Bio (upper left corner).

Or email me at: markham@kidsbankbook.com

My Favorite Quote about Children - and Life 

"A baby is God's opinion that the world should go on." by Carl Sandburg

We all have a desire to teach that child to Be, Do and Have better than our generation. The Kids' Bank Book is just one more tool to help the World go on just a little bit better.

Great Creative/Thinking "Toys" for Kids 

These are GREAT items! Isnt' quality a wonderful thing? [My comments are in brackets at the end of the prefab description.]

Butterfly Garden

Butterfly Garden

Grades Pre K & up. Watch 5 caterpillars de more...0 points

On The Farm, Kids & Critters, Storybook Characters (Draw Write Now, Book 1) by Marie Hablitzel

On The Farm, Kids & Critters, Storybook Characters (Draw Write Now, Book 1) by Marie Hablitzel

Grade: Kindergarten - 3rd. Experience life on a fa more...0 points

Geometrical Design Coloring Book (Colouring Books) by Spyros Horemis

Geometrical Design Coloring Book (Colouring Books) by Spyros Horemis

[Ages 5 to 10. Great activity. Various intricate g more...0 points

Parenting Inspiration on CafePress 

A great reminder - that our purpose is to love, enjoy and teach our children to the best of our abilities!

I Love My Kids Value T-shirt

Value T-Shirt

Price: 16.99

Buy Now

Powered by CafePress

The Parents' Financial Wealth Tools Poll 

Tell us about your favorite financial skills or wealth building tool. We are always improving by learning from others. If you want to give us more details, Submit a Blurb at the end of the page. Thanks for your feedback!

Loading poll. Please Wait...

Favorite Wealth & Abundance Books from Amazon 

(Because teaching our kids begins with teaching ourselves)

These books (and teachings) are excellent and life-changing. Pick the one(s) that best suit your style and beliefs. [Yeah, I have more, but the lens was getting too long.]

Rich Dad, Poor Dad by Robert T. Kiyosaki

Rich Dad, Poor Dad by Robert T. Kiyosaki

A Must Have. (What the Rich Teach Their Kids About more...1 point

The Amazing Power of Deliberate Intent: Living the Art of Allowing by Esther Hicks

The Amazing Power of Deliberate Intent: Living the Art of Allowing by Esther Hicks

Expands on the details of the law of attraction AN more...0 points

Crown Money Map Financial Software by Howard Dayton

Crown Money Map Financial Software by Howard Dayton

Crown's financial software helps you manage your & more...0 points

Links to Cool Wealth, Abundance, or Helping Others Websites 

Kids' Bank Book

Click Here to buy my e-book, The Kids' Bank Book,o more...2 points

Crown Financial Ministries

Equipping people worldwide to learn, apply, and te more...1 point

Champ House

Cape Cod, Massachusetts Multi-generational communi more...0 points

Rich Dad - Welcome To Rich Dad

Get CASH FLOW 101 Game by Rich Dad-you will soon l more...0 points

Right Divorce for You, How to Create Your Best Possbile Divorce Solution

My specialized website for my tools and techniques more...0 points

www.finishrich.com

David Bach's website The Automatic Millionaire.0 points

Law Office of Theresa A. Markham, P.C., Attorney at Law, Vernon, NJ

My law firm's website. [Law Office of Theresa A. M more...0 points

Marble Church Home Page

My church's website. [Founded in 1628 with its pre more...0 points

Abraham-Hicks

Abraham-Hicks Publications website and online stor more...0 points

Dr. Wayne W. Dyer

Dr. Wayne Dyer's official website. Wayne always v more...0 points

Marianne Williamson

A Return to Love - Marianne Williamson's official more...0 points

www.joelosteen.com

The positive Christian preacher who is sweeping th more...0 points

Joyce Meyer Ministries

Joyce is a powerful example of how a childhood of more...0 points

Creflo Dollar Ministries

Dr. Creflo Dollar is changing the lives of Christi more...0 points

Law of Attraction :: The Secret :: Official Web Site of The Secret Movie

This is the official website of The Secret Movie. more...0 points

Dale Carter Photography - light

Dale's nature photography of the sky and the water more...0 points

Myspace - money and kids

Learn more about me at www.myspace.com/moneyandkid more...0 points

Ways for kids to make money

Get your kids to work for and manage their own mon more...0 points

Cool Squidoo Lenses about Money 

[more, better, now]

Squidoo's lenses are a great resource to get the most relevant WWW info on your topic - fast! Each and every lens listed has been personally checked out and approved by me.

Allowance and Kids

My other Squidoo lens about teaching your kids wis more...1 point

Increase Your Profit Margin - How You Can Profit From Outsourcing Some Of Your Work

This is a lens about how I've used outsourcing to more...0 points

Financial Literacy Education

Financial literacy is the ability to understand mo more...0 points

My Favorite Charity 

[for my Donations Bank Money]

Champ House! See my Squidoo lens on their work at Champ House

10% of the net profits from my book, The Kids' Bank Book are donated to Champ House. [shameless plug - another good reason to buy the book!]

Champ House, in Cape Cod Massachusetts was started by my uncle and aunt, Paul and Carolyn Hebert, who truly walk the walk of giving, loving Spirits. With one home, they brought shelter, food, caring, and hope to homeless adolescent boys. Now they bring that Good Work to all ages. Find out how you can give some of your Donation Bank money to Champ House!

Reader Feedback 

Tell Us What You Think - We want to help you help your children learn wealthy habits

richgerman

fantastic! yeah thats true nice idea anyway~

5 stars for this!

do you also use the law of attraction in your life?

Posted July 16, 2008

anilg

Nice lens with lots of useful information. If you are willing to make money online, then please visit my lens

Posted June 17, 2008

Evelyn_Saenz

For such a great lens I'm sending you virtual Star Games and Activities. I can hardly wait to read the rest of your lenses.

Posted February 17, 2008

LisaJesse

Hi! I appreciate your great lens. Lots of good info! Please visit my Relationships 101 and learn to change your relationships with just a thought! Lots of great articles by me that I know you will love. "How Much Do You Love Me?" Hit me back and let me know! Your friend, ~LISA~

Posted December 18, 2007

gods_grace_notes

I concur....Thank-you, Thank-you, Thank-you! Great job on ALL of your lenses, Theresa!
Connie

Posted May 23, 2007

Knowles

I agree with your thoughts Theresa, 5 stars for you.
Continue to inspire readers.
Have a super day

Posted April 26, 2007

Sharon Jacon

Great information for the inexperienced AND experienced parent alike! Thanks for sharing!

Posted April 10, 2007

TheresaMarkham

You're an expert at showing and teaching your children love, kindness, wisdom, reading, writing, thinking and teamwork. What financial teaching will you give them? Is "save for a rainy day" really going to get them through adultdhood? Kids' Bank Book

Posted April 09, 2007

TheresaMarkham

Like what you see here? Others do too! That's why it's in Parenting and Kids TOP 100. Pass this Lens on to your friends who want cool parenting info - it's simple - below my Bio, in the gray box, under the Save and Share section, click EMAIL. All the Best, Theresa

Posted April 04, 2007

TheresaMarkham

Aren't Squidoo lenses a great resource? You get to know about me, the author of The Kids' Bank Book, personally - my movie favorites, my favorite charities, books, etc. I love the connection I get with Squidoo lenses! Enjoy

Posted April 03, 2007

financegirls

hi Theresa, im also a finance consultant myself, and I gotta say, great lens! please feel free to drop by my lens sometime, How You Can Profit by Outsourcing Some of Your Work ,would be happy to see you there,thanks!

Posted March 28, 2007

posheak

thanks for dropping by my lens last time

Posted March 28, 2007

TheresaMarkham

OK, you say, now what about Allowance? How should I do this Allowance thing anyway - so that I make sure that my time and money will actually go to good use and teach my child something? Lucky for you ;) I have an Allowance lens!

Posted March 27, 2007

Moelock

This is a great lens. I worked as a financial adviser for several years, and it was amazing how few people had even considered teaching their children the lessons of wealth management. I especially like the section on why Piggy Banks are an inadequate teaching tool.

Posted March 27, 2007

jeannecaron

I never knew this stuff existed. I'm a grandma and I CAN'T WAIT to get this information to my daughter and granddaughter. Why wouldn't any grandma or mother not get this book? If this information is good-and it IS GOOD-- the book must be fantastic!

Posted March 24, 2007

 
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More Information About "The Kids' Bank Book" 

Want your own copy of the e-book, "The Kids' Bank Book"? Go to The Kids' Bank Book

Get "5 TIPS to Wealth Training Your Kids" at The Kids' Bank Book.

Do you want to see all of the topics that The Kids' Bank Book covers? Go to: "What You Wish Your Parents Had Taught You about Money

Do you want more information on this page about teaching wealth habits to kids? Email us - we'll add it! Use the "Contact Me" link under my Bio Profile at the top right corner of this lens, or send me an email at markham@KidsBankBook.com

The author's content of this lens is Copyrighted, All Rights Reserved, © Theresa A. Markham, Esq. 2007.

My Current Favorite Quote 

Do What You Can
Where You Are
With What You Have.

- Teddy Roosevelt