If I was a marketing junkie, I would’ve posted this right before Christmas, but it’d be weird for me to spread awareness about marketing and advertising to kids, and then publish an article about buying toys—at Christmastime—to get you to buy more. This isn’t about consumerism, but if you’re buying toys, you might as well buy some toys that teach.
“Money doesn’t grow on trees” is a common saying, dating back to the 1800s. We all understand the meaning as, “you don’t just get money without working for it,” and we use it to teach this to our kids. The only issue is, this phrase doesn’t explain where money comes from, it only explains where it doesn’t come from.
15 years ago, If you would have told me I would be married with five children at this point in my life, I would’ve laughed at you. Well, that’s exactly how life is laughing right now. Life is funny — sometimes it’s a “haha” funny, while other times, it’s more about the irony of it all.
As much as we try to teach our kids the right things, we need to take a step back and see what we can learn from them. Because, in our kids, we often see what naturally transpires.
There’s a trend among people I’ve talked to and coached about financial planning. One thing that almost everyone I talk to has in common: they don’t start with the right question. It took me a long time to catch on, and I still don’t always start with the right question.
We love to eat out. When we plan a vacation or a weekend trip, one of the most important parts is planning where to eat. But we also have five kids. So we’ve adjusted to make it more affordable, and now frugality is our default. It’s easy.