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Money Management Lessons From My Son

Money Management Lessons From My Son

I consider myself fairly sophisticated about money management and how important it is to teach our children financial responsibility. But it took a conversation with my frustrated nine year-old to open my eyes to two-key elements I had been overlooking. And what a difference they can make to a kid’s understanding of handling money. Here’s what happened and what I learned.
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What Is This Thing Called Money?

What Is This Thing Called Money?

By definition, money is “any article or substance used as a medium of exchange, measure of wealth, or means of payment.” Money makes complete sense to us today but it has taken us around 3,000 years to get here. Prior to money, bartering was the means by which people exchanged goods or services. Bartering involved a direct trade and required finding another person or community who wanted or needed the goods or services being offered.  It worked but not always very efficiently.
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Your Future Starts With How You Live Your Legacy Today

Your Future Starts With How You Live Your Legacy Today

Most of us think of a legacy in terms of the future, of when we’re gone. We worry about what sort of financial inheritance we’ll be able to leave; what traditions and values have we left behind for the next generation. But, in reality, a substantial part of your legacy is how you live right now.
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A Legacy Plan for Your Pets

A Legacy Plan for Your Pets

Since our pets have shorter life spans, we don’t typically think about outliving them. But it does happen. It is estimated that between five and seven million companion animals end up in animal shelters due to the death of their owners. For some pets, they are lucky to be surrendered to a no-kill shelter and will live out the rest of their lives with good care. Unfortunately, another nearly three to four million of them end up being euthanized (60 percent of dogs; 70 percent of cats) when new homes can’t be found.
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The Importance of Legacy Planning for Women

The Importance of Legacy Planning for Women

You know I believe legacy planning is important for every adult who has any assets (and I don’t mean only money). You probably have personal property. You probably have memories of how life was when you were a child or life situations that should be shared. You could get ill or incapacitated and will need someone to make decisions for you. And, yes, no matter what – you will die. These reasons apply to just about everyone – male or female. But there are actually some specific reasons women should be part of planning decisions or, if they are single, should have their own plans:
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