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Many people lament that schools don't teach children to be
financially responsible. But studies show that book learning
doesn't work when trying to teach about finances. Here is a
guide for what will give your children the best chance of
handling their money well. Financial responsibility is more about self-discipline than
about knowledge. Think of it like dieting or staying
physically fit, not solving math problems. It isn't simply
information you learn from a book, it is a skill you learn
by doing. I coached soccer for many years and was assistant coach to
one of the best.
[click here to read more]
David Marotta appeared on 1070 WINA's Rob Schilling Show on Feb. 8, 2011, discussing the Social Security Payroll Tax Cut and what you should do with your "extra" money. Listen to the show here.
There isn't a better time to invest than today. The way to
build real wealth is by living well below your means and
then saving and investing the difference. The poor buy
things; their homes are cluttered with them. The middle
class buys liabilities like second homes and boats, and then
they are obliged to make payments and upkeep on them for
years. In contrast, the rich buy investments that appreciate
and pay them dividends and interest for decades. Despite recent market turmoil, historic long-term returns
still average 10% to 12%.
[click here to read more]
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