How to Raise Financially Savvy Kids, Teens and Grandkids

Welcome to part three of our Your Money Revolution video training series.

I hope you enjoyed the first two installments on how to spend less without feeling deprived, and “the silent enemy” in your retirement account that could be costing you hundreds of thousands of dollars in stealth fees.

And thank you for all your notes and emails on how much you enjoyed them!

Today, we’re going to talk about one of the biggest money drains on the planet… our children.

Do your kids think money grows on trees? Are you tired of saying “no” to the constant requests for the latest “must have” electronics, gadgets, sneakers, and more? I’ve been hearing for years from readers who say this is a big challenge they face.

If you can relate, you’re going to love this 5-minute video clip that reveals two of eight key money lessons we cover in the Your Money Revolution course that will empower your kids (and grandkids) to be financially responsible for life. [Read more…] “How to Raise Financially Savvy Kids, Teens and Grandkids”

Bank On Yourself Round-Up for week of June 23, 2011

Here are short summaries of three of the most interesting and thought-provoking items that have crossed my desk this week.  Enjoy!


What would it be like to retire on $260 a month?

Have you ever thought about what kind of lifestyle you would have if your retirement plan only threw off $260 a month?

It’s a question a lot of Americans are going to have to start asking themselves.

A shocking article appeared this week on 1 revealing how much money the typical person approaching retirement actually has saved in their 401(k) and/or IRA.  And it’s not a pretty picture…

What would it be like to retire on $260 a month?

A typical pre-retiree taking withdrawals the way most people actually do would only be able to take $260 a month.

Oh, yeah – the article didn’t even mention you gotta pay the taxes you deferred all those years on that money!

How much do you think is going to be left for food, housing, utilities, car expenses, medical expenses not covered by Medicare, etc.? You’ll be lucky if you can scrape by at all, let alone enjoy even the smallest of life’s luxuries.

Of course, maybe you’ll have Social Security and Medicare to rely on.  Or maybe not…
[Read more…] “Bank On Yourself Round-Up for week of June 23, 2011”