Am I Really Providing A Better Life For My Child?

Am I Really Providing A Better Life For My Child?

Early this morning, while working on some video editing (pretending that I knew what I was doing), I received an inbox from my new Facebook friend Whalen. Hey Whalen! What he shared with me was a link to a YouTube video interview of Tom Corley, author of Rich Kids: How to Raise Our Children to be Happy and Successful in Life. The interview was full of great nuggets, many of which we’ve touched upon in our previous articles. Those of you who follow me on Twitter and/or Facebook (@ThiahMuhammad) may have seen where I shared the link. Continue reading “Am I Really Providing A Better Life For My Child?”

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At What Age Should I Begin Teaching Financial Literacy To My Children?

At What Age Should I Begin Teaching Financial Literacy To My Children?

Yesterday morning I had my interview with Louis Enrique Negron, President of the Atlanta Market Region for Operation Hope http://www.operationhope.org/atlanta/. During our talk, we covered so many awesome points of advice for parents, but a couple of my favorite were centered around teaching financial literacy at an early age. From our talk, it became clear that as early as children are able to ask you to buy them things from the store, they can begin receiving lessons on financial literacy. But there were two highlighted points I’d like us to discuss. Continue reading “At What Age Should I Begin Teaching Financial Literacy To My Children?”

How To Develop the Millionaire Mindset In Your Child

Edmonds, Washington State, USA --- African American father helping son with homework --- Image by © Andersen Ross/Blend Images/Corbis

After posting the article Tips On Teaching Household Economics To Your Children, I received some phenomenal feedback from readers. Some of the best comments came from the awesome *Thrive Tribe* started and headed by Dr. Monikah Ogando. This group consists of entrepreneurial leaders who are constantly looking for ways to grow their efforts and help others to do the same. One of my fellow Thrivers, shout out to Ms. Dawn, mentioned the importance of parents grooming children in the proper “mindset” and “allowing their children to dream and take risks.” Of course, she mentioned many other great nuggets…all in due time. But, in reflecting upon many of my interviews with these phenomenal millionaires (and billionaires), developing their children’s minds and encouraging them to take risks, were significant aspects of their own upbringings, as well as the way they raised their children. Let’s explore some of the ways this was done. Continue reading “How To Develop the Millionaire Mindset In Your Child”

Tips On Teaching Household Economics To Your Children

In many African American families, particularly those of the poor and so-called middle class, it’s extremely taboo to discuss finances. Most of us grow up with the only household conversations about money ringing to the tune of “we don’t have money for that!” or “that’s too expensive!” or “boy, you know we can’t afford that. Put it back!” You better not dare ask “yo moma” how much money she has or how much she makes. You’d be looking for a whipping. The problem with this is that this taboo thinking about money and the lack of economic and financial literacy and practice conversations leaves our people with a long lineage of financial illiteracy and economic incompetence. Continue reading “Tips On Teaching Household Economics To Your Children”