3-2-1 TUESDAYS WITH MS NIV

Issue #89, 22nd March, 2022

Who manages your finances? What is your relationship with money in adulthood? How do you discuss money matters with your spouse and children? how do you discuss personal money with your students? Do you have a conversation or you talk down or you scare them of their money behaviour.

Let us talk about money. Money does not make you happy but surely it is easier to be unhappy with money than without it. What do you think? here are some thoughts and tips of how to talk about money and when to start it.

Three Images of the Week

Two Thoughts of the Week

“A child’s financial lessons aren’t taught. They are experienced through the actions of the parents.”
― Linsey Mills, Teach Your Child About Money Through Play: 110+ Games/Activities, Tips, and Resources to Teach Kids Financial Literacy at an Early Age.

“Never rely on a single form of income. Consider making investments to create alternative income sources.” – Warren Buffett, an American business magnate

One Video of the Week

Focusing on allowance and financial concepts to teach kids to be smart with money is a great start. But, If this is all we focus on, we miss the opportunity to ensure our kids grow into prosperous adults. Listen to this surprisingly simple system anyone can implement to nurture a child’s prosperity right away.

Ellen Rogin, CPA, CFP® is an expert on living a life of success and prosperity. As the founder of a wealth management firm, Ellen combines her credentialed expertise with an inspired, conscious approach to money. Chockfull of “left brain” credentials, MBA, CPA, and Certified Financial PlannerTM, Ellen also walks on the “right” side, balancing values, big picture ideas, meditation and humor with all her professional training.

She is as comfortable talking about the power of compound interest as she is talking about the power of belief. In their latest book, “Picture Your Prosperity: Smart Money Moves to Turn Your Vision into Reality,” Ellen and her co-author illustrate how a positive outlook accompanied by the right financial tools will help you have the resources to create the life you’ve imagined. Ellen is also founder of the Abundance Activist® movement whose mission it is to help the world think and act more prosperously.

Showcase of the Week

Money multiplies, so if you allow the money to grow then it’s basically compounding year on year. A thing about compounding is it doesn’t happen early. The magic is going to happen after 30 years!”

Here’s a conversation of cofounders of The Confident Communicator, Deepma Jadeja, and Sima Mehta, with Kavita Hurry, Co-founder, and CEO at Squirrel Consulting Private Limited.

Here are some interesting time stamps to listen to:

4:56 mins: Money doesn’t define who you are, yet it is deeply connected to happiness

6:37 mins: Fun ways to introduce the money talk

9:01 mins: Kids know more than you think about money

9:51 mins: Mindset towards money

11:01 mins: Introduce budgeting through pocket money

11:46 mins: Money is an important skill set, yet we don’t teach it in school

13:49 mins: Start as early as 5 years to teach your kids in a fun way about money

23:54 mins: Debt is good if you can pay for it

26:21 mins: 6 steps to get kids interested in money management – Step 1: Play the Money Game 29:54 mins: Step 3: Teach kids about empathy & Kindness by donating part of your earnings 31:26 mins: Step 5: The Power of Compounding 42:31 mins: Centre yourself, stay grounded Vs living a Champagne Life

Dear reader,
I have been a research scientist, a journalist, and an educator for over 3 decades. I read and, I write.  With this weekly newsletter, I share what I read, learn and, experience while I engage with students, parents, and teams of teachers across K-12 schools, higher education institutions and, ed-tech organizations.

3-2-1 Tuesdays with Ms. Niv is a newsletter for you to subscribe to and enjoy your learning journey with me.

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