Comments for Teaching Kids About Money and Finances: An Interview with J.F. (Jim) Straw at http://www.parentwonder.com , comment 0 to 4 out of 4 comments http://www.parentwonder.com Sun, 12 Oct 2008 15:57:15 +0100 FeedCreator 1.7.2 http://www.parentwonder.com/content/view/385/59/#pc_297 Excellent interview, so good in fact that I gave you a trackback from my financial blog! This is a must read for any parent. Jim was correct on the "money is just a way to keep score" bit, being an entrepreneur is a mindset not a position. A true entrepreneur is rewarded with the "thrill of the kill" or the closing of the deal so to speak. Monetary reward is secondary! - Brian Ankner Fri, 05 Oct 2007 12:02:22 +0100 http://www.parentwonder.com/content/view/385/59/#pc_290 Excellent advice from Jim, I'm a father of two and the (eldest is 6) and I have been pondering how to educate them about money and want to instil in them the ability to make rational decisions and to be independent with there own "self-direction". Understanding about money is just a part of what's needed and adding an "entrepreneurial" streak to there thinking can only be a good thing. - Nicholas Platten Wed, 03 Oct 2007 18:16:16 +0100 http://www.parentwonder.com/content/view/385/59/#pc_283 Woohoo! That final one nails it. I'm going to think if I want to take up that style. Tough call. Before that Jim's "How will I pay for it?" echos Robert Kiyosaki's "How can I afford it?" rather than "I can't afford it". Find-a-way thinking. Excellent post Abel! - Dr Martin Russell Tue, 02 Oct 2007 04:07:08 +0100 http://www.parentwonder.com/content/view/385/59/#pc_264 One of the best ways to teach children about money is to let them work with a multiple chamber piggy bank that helps them set goals and then work towards those goals. The Money Savvy Pig piggy bank is such a bank. It allows children to allocate their money into categories of save, spend, donate and invest. A tool like this teaches the skill of delayed gratification, one of the most important skills a child can acquire at an early age. - Susan Beacham Tue, 25 Sep 2007 23:14:13 +0100