Monday, August 9, 2010

Financial Independence Compilation

Welcome to the August 8, 2010 edition of financial independence.

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Teaching children how to manage their money.

For those of us who have children, I am included in this lot, I have been thinking what is the best way to teach them about money. I was talking to my 6 years old daughter the other day and she asked why we are poor. I nearly fell off my chair because we are not poor at all. She started mentioning how this friend at school went overseas for holidays or how the other friend has a big house and the list went on.

I tried to explain to her that we are not poor but I tried to talk about the things that are really important rather than money and other material things. Quite honestly I think that I failed because in the head of a 6 years old being rich probably means having lots of things.

The challenge for me remains, how to teach our children about how to manage finances. I will do a bit of research on the topic and hopefully I can learn from it.

Call for submissions: If you have published any good articles on how to teach children about finances, please submit them to my next edition of Your Financial Independence carnival. The next edition will be published on Wednesday, 11 August 2010.

Reader's Sponsored Articles

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Nabil Gulamani presents Why you are having a hard time saving your money every month! posted at SuccessAtReach — SuccessAtReach.

BWL presents How to Build a CD Ladder posted at Christian Personal Finance, saying, "This article lays out the basics of creating a CD ladder.."

Lauren Mendel presents Pay Now, Play Later posted at Richly Reasonable - Successes and failures, all in the name of living reasonably., saying, "Putting something in layaway is no different than setting up an automatic saving plan, but it may provide that extra incentive to save if you are in need of a little motivation. Maybe you like knowing the exact TV that is in Sears waiting for you. Maybe you like going into the store an making a payment; each time knowing you are a bit closer to that riding lawnmower and sweet victory. Whatever the reason, if layaway is what you need to achieve your savings goal, minus the credit card interest, then I am all for it."

Michael presents What is a Credit Freeze or Security Freeze? posted at Identity Theft Wall, saying, "Freezing your credit can be a vital play in the attempt to prevent identity theft."

Michael presents IDENTITY GUARD® 30-Day Free Trial Review posted at Identity Theft Wall, saying, "Identity Guard boasts the best id theft protection service in the business. Does it hold up?"

Ray A Johnson presents Milwaukee posted at The Debt Crisis.

Susan Kilroy presents 10 Foods With a Really High Price Tag posted at

Achola presents Forex Mechanical System Trading - How You Can Quickly Get Forex Software And Start Making Money Immediately! posted at Forex Mechanical System Trading | Simulated Forex Trading | Best Forex Software.

Sun presents What to Let Go to Get to Know Wealth posted at The Sun’s Financial Diary.

Jennifer Meyer presents 50 Excellent Twitter Accounts Every Public Administrator Should Follow posted at Master of Public Administration, saying, "It is possible to find and follow a wide variety of people with good public administration insights. Here are 50 great Twitter accounts for public administrators."

nissim ziv presents How to Find a Job after College: When you have No Experience posted at Job Interview Guide, saying, "Job markets all over the world are changing and becoming more competitive as the days pass. Even the simplest of jobs require a particular level of work and subject experience."

That concludes this edition. Submit your blog article to the next edition of financial independence using our
carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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