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Loral Langemeier’s Tips – teach your kids about money

October 26, 2012 by

“Millionaire maker” and founder of ‘Live Out Loud’, Loral Langemeier, shares her money tips every parent needs to know.

Loral Langemeier's Tips - teach your kids about money

Simple earning plan for kids
-Let kids pick 10-15 tasks they can do
-Select the top five tasks
-Negotiate a value for each task
-They must complete the tasks as agreed
-Hold them accountable

How to teach kids about money
-Create a wealth account for each child
-Teach kids to save at any age
-Share positive financial information
-Set money days
-Encourage kids to give to charity

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