38% of US households have credit card debt. 43% of people with student loans aren’t making payments. Most people feel like they could be doing better with their money. In fact, the average American feels like a failure when it comes to finance.
It’s hard to look at retirement statistics and numbers across generations, because of proportionality. Baby Boomers (born 1946-1964) have saved the most, followed by Generation X (1965-1978), and then Millennials (1979-2000). And of course that makes sense because the older you are, the more time you’ve had to save.
When I started reading non-fiction, it seemed like I learned a new concept on every page. Some proved to be helpful in a life-changing way, while others sounded 10x better than reality. There are timeless, classic concepts that everyone can use.
We always joke about child labor laws when we ask our kids to do things around the house. When our kids get older, they like to get in on the joke and tell us that they aren’t slave labor.
Are your kids gritty? I don’t mean all-day-beach-adventure gritty, but mentally gritty? Grit is a learned character trait. It’s something that separates the ordinary from the extraordinary. So what exactly is grit?
It’s never too late to raise your financial IQ, and it’s definitely never too early. If you haven’t taught your teen anything about money, there’s still plenty of time.