Many parents think that just talking about money is enough to prepare their kids for a successful financial future. But research from Arizona State University says otherwise: merely discussing money with your kids doesn’t directly translate into better financial outcomes. It’s about putting financial concepts into action that truly make a difference.
Have you ever seen the Grand Canyon? I did this past summer with my parents, husband, and kids. It was on my bucket list and seeing it in person was breathtaking. This enormous natural wonder was primarily shaped by the Colorado River. Sure, wind played a role, but the river was the main driving force….
In 2018, I vividly remember someone declaring, “If you just stopped spending so much money, then you’d be fine. You must know the Golden Rule: Don’t spend more than you earn?” I just stood there, thinking, “Yes, of course, I have my Master’s in Finance; I’m quite familiar with that rule. But you try living…