What is Passive Income?

First we need to understand that there are two types of income: active and passive. Active income is money received in compensation for work given. The majority of adults in the working age are earning active income via salary or hourly pay. The moment they stop working, their flow of income stops. Passive income is earnings derived from a rental property, limited partnership or other enterprise … Continue reading What is Passive Income?

Why We Don’t Give Our Kids Allowance – The Importance of Work

We do not give our children allowance because we believe money should be rightfully earned. Now before you think my kids have to earn every single cent for their living, allow me to say that we do give them pocket money to school because that is a necessity. As for toys, sorry, that’s definitely not a necessity. So they will have to earn and save … Continue reading Why We Don’t Give Our Kids Allowance – The Importance of Work

Get Real With Money: I Want A Basketball [Show Kids How To Spend Within Their Means]

My second son tried out basketball with some neighbourhood friends last week and oh boy, he was hooked when he managed to shoot 2 goals. He came home letting us know that he wanted a basketball. I was inclined to make him wait. I didn’t want to promote this instant gratification thing in our family whereby a child asks for something and he gets it … Continue reading Get Real With Money: I Want A Basketball [Show Kids How To Spend Within Their Means]

Teaching Kids About Stocks In Investment {With Printable}

What are stocks? Let’s say you really like McDonald’s and you want to be one of the many owners of The McDonald’s Corporation, you buy their stock MCD from the New York Stock Exchange (NYSE). Remember how you received a certificate when you graduated from kindergarten, which was proof you finished all your lessons?  Well, when you buy stock from McDonald’s, they give you what … Continue reading Teaching Kids About Stocks In Investment {With Printable}

Explaining Diversification to Kids {With FREE Worksheets}

Mother Hen, Her Eggs and The Boy A story about the importance of diversification – for kids an original story by Investor Kiddo   There once lived a little boy on a farm with his family. His favourite thing to do was to visit the chicken coop every morning after breakfast. He wanted to see if the hen has laid any eggs. But more importantly, … Continue reading Explaining Diversification to Kids {With FREE Worksheets}

14 Board Games About Money {The Complete List}

A great introduction to the world of finance, an especially important subject to learn in today’s economy. Learning doesn’t have to be boring! Cashflow For Kids <– CLICK TO GET IT Suitable for Ages: 7-14 years old What Players Learn: How to make money work for them. They learn about assets and liabilities.     Monopoly Junior <– CLICK TO GET IT Suitable for Ages: 5+ years old What … Continue reading 14 Board Games About Money {The Complete List}