Manoj Bhargava is an amazing entrepreneur that was faced with this question. He invented the 5 Hour Energy Drink and became a billionaire overnight. Check out this movie (42 min.) and see what he does with his money. It is fascinating!
I teach Entrepreneurship, Economics, Personal Finance, and Leadership classes and can’t wait to share this with my students in all of these.
This year I had to do something about our budget. I decided to quit my part-time teaching position because my kids needed me to be more present this year. In order to do that I had to crunch some numbers…
One of my biggest bills (after my mortgage) was my cell phone bill. I have 4 phones on my plan – 2 smart and 2 dumb (flip) phones. My Verizon Wireless bill was over $200 a month. I am now paying about $75 a month… AND I have total control over my bill… as well as a way to cut it even more!
When I first started teaching Personal Finance I wanted my students to read a BUNCH of books. I submitted the list to the regional advisor of the charter school and I was told it was too long and I needed to pare it down. I also was told to pick short books. Debt is Slavery by Michael Mahalik made the short list on both counts.
I mean literally! My kids LOVE bacon. Unfortunately it is getting more expensive every day. I have two ways of continuing to give my kids what they like and saving money – buying bits and spreading it out.
My son, at 16 years old, called this show the scariest movie he had ever watched. The show? “The Secret History of the Credit Card” by Frontline on PBS. Probably not what you were expecting…
Divorce, bankruptcy, FISCAL CLIFFS! We don’t want these for our kids! But WHAT are we DOING about it? Each can be the result of not knowing how to manage money. Financial education should be one of the most important subjects taught but often we get caught up in teaching our kids things like quadratic equations and dangling participles which won’t make the everyday difference in our children’s lives that learning solid financial principles will. Watch this webinar to find out what the 5 Most Important Things Your Kids Need to Know about Personal Finance and get the ideas and resources to help you teach them!