When COVID-19 first hit, we “lost” $5,000 in our retirement portfolio overnight. And my first thought was, wow, this is crazy; it could be the start of a recession; I’ve never truly got to see what a recession looks like; this is pretty interesting; I can’t wait to see it play out! A recession is, by no means, awesome. I get that. But my interest in the economics behind everything trumped my interest in our actual money.
My friend bought a new car last week. His car had broken down three times in the few weeks prior to buying his new car, and each time left him stranded on the side of the road. He found a permanent solution for a temporary problem.
What if you don’t feel qualified to teach your kids about money?
You’re not alone. Most parents feel like they aren’t savvy enough to teach their kids about money. You can’t teach something you don’t understand. That’s why we teach smart financial concepts to you first, and then you can teach you kids.
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