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Get Your FREE 5-part Mini-Course: “5 TIPS to Wealth Training Your Kids” What you wish your parents had taught you about money What you wish your parents
taught you - MORE How to Teach the Times
Tables to Your Child - FREE Did You Know that 10% of All Net Profits
from the Sale of this Book is Donated to Champ House
(Now, Champ Homes)?
Champ Homes are “Places of Hope, Built
on Faith,” located on Cape Cod, Massachusetts. “We work tirelessly for
our live-in residents, and for any at-risk, homeless members of our community
who come to us for help. We care for anyone, male or female, from 17 to 70,
who is in need of supportive, low-cost housing, who wants to be part of a
nurturing family group. Champ Homes provide a haven for folks who are
physically disabled, in recovery from drug or alcohol abuse, mentally ill,
and all those in need in some way or the other.” Since its founding in 1992 by Paul and Carolyn
Hebert, “more than 700 previously homeless individuals have been sheltered,
fed, clothed, respected and loved since the Hebert’s opened their hearts and
the doors to CHAMP HOUSE ... a haven for the homeless on Cape Cod! And,
hundreds of these "CHAMPS" have successfully gone back into the
community to lead healthy, productive lives, and in turn reach out to help
others.” Get Your FREE 5-part Mini-Course: “5 TIPS to Wealth Training Your Kids” About the Author Theresa A. Markham, Esq. loves living in
scenic Northwest New Jersey with her husband, Chuck, and daughter Zoe, who
are visited by her soon-to-be college-graduate step-daughter Samantha. Her law firm (www.markhamlawyer.com), crafts creative solutions for her clients’
financial disputes, while helping them grow through difficult life
challenges. Prior to relocating New
Jersey several years ago, she lived in Manhattan and worked on Wall
Street. She has had two of her
letters published in the New York Times’
Letters to the Editor, and has been featured in the American Bar
Association Journal. She is
grateful for the fabulous education she received at Fordham University School of Law (over a
decade ago), as well as for her world-class church (for which the family
commutes to Manhattan), Marble
Collegiate Church, and wonderful minister, Dr. Arthur Caliandro, (who
shared the pulpit for several years with Dr. Norman Vincent Peale
before assuming the role of Senior Minister). A confirmed math-nerd, she loves playing with the family in the
evenings, quilting (with its combination of geometry and art), driving
through the countryside, making snow angels, and baking anything with lots of
sugar, butter and white flour (preferably sugar cookies). She’s from a blended family – of both Red
Sox and Yankees fans – of course, she cheers for the boys in red (it’s the
irresistible underdog advocate instinct).
Originally from just outside Fall River, Massachusetts, she
occasionally “paks her cah in the yahd” and has to drive to Boston for real
clam chowder and baked beans. Get Your FREE 5-part Mini-Course: “5 TIPS to Wealth Training Your Kids” The Benefits of Downloading Your Copy Of The
Kids’ Bank Book
The
Kids’ Bank Book Complete, Money-Back Guarantee I want you to get your family – for
generations to come – on the road to financial freedom. I want you to enjoy reading the book,
using the bank, and watching your children grow and be happy with their
new-found wealth habits. If, within
60 days, you are not fully satisfied with the book, e-mail me or call me for
an absolute no-questions no-hassle refund.
If you give the book as a gift, your recipient enjoys the same
guarantee. Excerpts from “The purpose of this book is to help parents instill an
“abundance mentality” and wise money management in children to such an extent
that by the time children go to or graduate from college, managing money
wisely is second nature to them. It
is about (1) good money habits, and (2) understanding how to have money work
for you (not the other way around).” “Most people think that the theory is worthless without
the technique, so the tools and technique part of the book is really there to
help assure your success with your child.
I have included a lot of examples of HOW TO do it in real life - because
that's where things usually fall apart.” “You have chosen to give your child certain monies so
that he/she can practice with it and develop great life-long habits to
promote his/her life-long financial wealth and abundance.” “Your financial abundance, when matched with your
joyful, loving, creative, authentic body, heart, mind and spirit, creates
more abundance in the lives of others.” “Imagine yourself having financial abundance
so that your ROI (Return On Investments) income was so sufficient that you
used 25% for your comfortable (as defined by you) living expenses, 25% for
big-ticket item savings, 25% returned to be added to the investments, and 25%
for donations. Would you feel good
about that?” “That is what we are teaching our children.”
Get Your FREE 5-part Mini-Course: “5 TIPS to Wealth Training Your Kids” |
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Frequently Asked Questions About Teaching Wealth Skills to Kids Q:
How early can I start teaching my children about money management
skills? A: Children as young as 5 years old will
embrace the money system that you will teach them from The Kids’ Bank Book. Q:
Should I buy a special 3 or 4 part bank for my child to use with The
Kids’ Bank Book system? A:
Absolutely Not! There is no
bank on the market that sufficiently addresses all of the aspects that are
necessary in a good money management bank.
The Kids’ Bank Book will tell you how to create a simple or intricately
beautiful perfect bank for your children to enjoy while learning great
wealth-building skills. Q:
I don’t think I have good teaching skills, how will I be able to take
what The Kids’ Bank Book says and teach it to my children? A: The Kids’ Bank Book has both step-by-step
instructions of how to talk to your children when dealing with money, AND an
easy-to-use system that your children will embrace quickly. You’ll do less teaching and more enjoying
watching them use their new money skills. Q:
I am using The Kids’ Bank Book, and my child just received a ton of
change from his grandparents, what do I do now? A:
Incorporate this money in a manner that suits your child’s age. For example, a 5-year-old’s attention span
will not allow to divide up all of the coins exactly and equally into the
four banks all in one night. So,
deposit a few coins into each of the four coin banks every time you sit down
to do money with your child. If your
child is 10 years old, he may love spending a Saturday afternoon in his room
sorting out all of the coins and depositing them into each bank equally by
himself. If your child is 16 years
old, he may decide to count all of the coins, tell you the total, and ask you
for the equivalent in dollar bills. Q:
Okay, but what if the Bank of Parents doesn’t have the paper
equivalent of the value of all of the coins? A:
If your child is older and has totaled all of the coins or has divided
all of the coins and wants you to convert it to paper money now, tell the
child that you will either (a) convert it to paper money a little at a time,
or (b) take all the coins (with the child) to the bank to obtain paper money,
or (c) allow the child to choose whether to spend (a.k.a. waste)
approximately 8% of his money the “fast and easy” way by using a
coin-converter machine usually found in supermarkets. Q:
I am using The Kids’ Bank Book, and because of various special events
recently, my family has skipped our weekly “money day.” How do I handle this? A:
It’s okay. In real life, and
in dealing with money, nothing is perfect.
There are always unexpected circumstances, a need for adjustments, and
surprise expenses. Your situation is
a perfect illustration of that reality.
So, again, it depends on your child’s age. If your child is young, then she probably will miss it, but
simply continuing the practice the following week will be okay with her. If your child is older, she may ask for
the prior week’s allowance and return on investment. If so, simply do it, one step at a time,
the next time you sit down on your regular money day. Q:
I am using The Kids’ Bank Book, and I want my child to start investing
in some real life investments. Do you
have any recommendations? A:
Yes! First, I would highly
recommend you and your child reading or listening to the CD of “Rich Dad,
Poor Dad” (CD usually found in Staples stores). Also, RichDad.com has a bulletin board forum for young people,
where you and your child might enjoy hearing the ideas and experiences of
other kids. Second, I would recommend
that your child (with or without your help/guidance) brainstorm in 2
categories: (1) jobs, and (2)
businesses. Remember, brainstorming
means that you completely forget about details, logistics, and reason while
you’re compiling the lists. Third, to
get you started, here are some brainstorming ideas: (1) JOBS: babysitting,
lawnmowing, snow snoveling, tutoring, housecleaning, garage-cleaning, house
de-cluttering, dog walking/pet sitting, guy/girl Friday for
odd-around-the-house jobs (see Chapter in the Book about getting your child
working for others rather than your family & the reasons why),
traditional jobs at retail establishments, interns; (2) BUSINESSES: creating
something (e.g. dolls, thank you cards, scarves, photos, home-grown veggies)
and selling it at school bookstore, fairs, etc., selling someone else’s
products directly (e.g. pencils at school to those kids who forget them,
lemonade at roadside stand), selling products on-line, organizing other kids
to do the jobs listed above with a profit to the business owner. Successful businesses identify a need and
develop a profitable, creative way to fill that need. Help your child brainstorm ideas, and then
help your child use a business lens to brainstorm another list of the
community’s needs. ___________________________________________ Do you have a Question that you would like to see answered here
in the FAQ? Email us at: markham@kidsbankbook.com Do you have a question about these Frequently Asked Questions
& Answers? Email us at: markham@kidsbankbook.com Did you use these FAQ and have comments, suggestions or
inspiration for us or others? Email us at: markham@kidsbankbook.com Would you like to see more FAQ & Answers offered here? Email us at: markham@kidsbankbook.com |
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© 2006 Theresa A. Markham, Esq.
markham@kidsbankbook.com
(973)764-8811