Comments on: Five Gifts That Will Make Your Kids Rich http://www.getrichslowly.org/blog/2006/12/01/five-gifts-that-will-make-your-kids-rich/ Personal finance that makes cents. Common sense advice on topics from high interest savings accounts, frugality, cd rates, money market accounts, mortgage rates, how to get out of debt, money management and more. Mon, 22 Mar 2010 06:21:26 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Dave’s Trading Journal» Blog Archive » Weekends with Dave - Edition 5 http://www.getrichslowly.org/blog/2006/12/01/five-gifts-that-will-make-your-kids-rich/#comment-27836 Dave’s Trading Journal» Blog Archive » Weekends with Dave - Edition 5 Mon, 11 Dec 2006 04:52:35 +0000 http://www.getrichslowly.org/blog/2006/12/01/five-gifts-that-will-make-your-kids-rich/#comment-27836 [...] Teach your children … it will pay dividends for them. And another great resource for important teachings for your kids. [...] [...] Teach your children … it will pay dividends for them. And another great resource for important teachings for your kids. [...]

]]> By: Kolz Blog » Blog Archive » Holiday gift ideas that teach kids about money http://www.getrichslowly.org/blog/2006/12/01/five-gifts-that-will-make-your-kids-rich/#comment-25978 Kolz Blog » Blog Archive » Holiday gift ideas that teach kids about money Thu, 07 Dec 2006 03:17:43 +0000 http://www.getrichslowly.org/blog/2006/12/01/five-gifts-that-will-make-your-kids-rich/#comment-25978 [...] Holiday gift ideas that teach kids about money December 5th, 2006 by Lifehacker It's never too early to learn good financial habits, so this holiday season give the little ones some fun money-related gifts. The Get Rich Slowly blog lists a few ideas, including: a Sims 2 expansion pack for the virtual entrepreneur, a Roth IRA in which you match contributions (that could get expensive!), and the Payday board game. Got any more gifts that could teach the young 'uns about dollars and sense? Let us know in the comments. — Gina Trapani Five Gifts That Will Make Your Kids Rich [Get Rich Slowly] [...] [...] Holiday gift ideas that teach kids about money December 5th, 2006 by Lifehacker It’s never too early to learn good financial habits, so this holiday season give the little ones some fun money-related gifts. The Get Rich Slowly blog lists a few ideas, including: a Sims 2 expansion pack for the virtual entrepreneur, a Roth IRA in which you match contributions (that could get expensive!), and the Payday board game. Got any more gifts that could teach the young ‘uns about dollars and sense? Let us know in the comments. — Gina Trapani Five Gifts That Will Make Your Kids Rich [Get Rich Slowly] [...]

]]> By: Jeremy http://www.getrichslowly.org/blog/2006/12/01/five-gifts-that-will-make-your-kids-rich/#comment-25803 Jeremy Wed, 06 Dec 2006 15:31:11 +0000 http://www.getrichslowly.org/blog/2006/12/01/five-gifts-that-will-make-your-kids-rich/#comment-25803 My kids are still a little young but when they gt a little older I'm going to buy a board game called "Look Out Wall Street!" I've heard great things. It especially means a lot to me that John bogle, the father of the index fund endorses it with "A fun game that teaches valuable lessons about investing." The games web site is http://www.lookoutwallst.com My kids are still a little young but when they gt a little older I’m going to buy a board game called “Look Out Wall Street!” I’ve heard great things. It especially means a lot to me that John bogle, the father of the index fund endorses it with “A fun game that teaches valuable lessons about investing.”

The games web site is http://www.lookoutwallst.com

]]> By: thousands or more http://www.getrichslowly.org/blog/2006/12/01/five-gifts-that-will-make-your-kids-rich/#comment-25459 thousands or more Tue, 05 Dec 2006 16:59:07 +0000 http://www.getrichslowly.org/blog/2006/12/01/five-gifts-that-will-make-your-kids-rich/#comment-25459 Last year a friend gave us CASHFLOW for Kids™ Board Game, created by Robert Kiyosaki. The cool thing about that game is it encourages one to develop investments and real estate portfolios. The kids we've had play it like the concept that one wins by having more income from passive sources, like dividends and real estate income than one has expenses. The end result assumes making money and having income without "working." It's more conceptual than nuts and bolts like the above mentioned games, but then it fits into the 'passive income' personal finance model that Robert Kiyosaki, Harv Ekert and guys like that espouse. Last year a friend gave us CASHFLOW for Kids™ Board Game, created by Robert Kiyosaki. The cool thing about that game is it encourages one to develop investments and real estate portfolios. The kids we’ve had play it like the concept that one wins by having more income from passive sources, like dividends and real estate income than one has expenses. The end result assumes making money and having income without “working.” It’s more conceptual than nuts and bolts like the above mentioned games, but then it fits into the ‘passive income’ personal finance model that Robert Kiyosaki, Harv Ekert and guys like that espouse.

]]> By: Lifehacker http://www.getrichslowly.org/blog/2006/12/01/five-gifts-that-will-make-your-kids-rich/#comment-25418 Lifehacker Tue, 05 Dec 2006 15:32:10 +0000 http://www.getrichslowly.org/blog/2006/12/01/five-gifts-that-will-make-your-kids-rich/#comment-25418 <strong>Holiday gift ideas that teach kids about money...</strong> It's never too early to learn good financial habits, so this holiday season give the little ones some fun money-related gifts. The Get Rich Slowly blog lists a few ideas, including: a Sims 2 expansion pack for the virtual...... Holiday gift ideas that teach kids about money…

It’s never too early to learn good financial habits, so this holiday season give the little ones some fun money-related gifts. The Get Rich Slowly blog lists a few ideas, including: a Sims 2 expansion pack for the virtual……

]]> By: Lazy Man and Money http://www.getrichslowly.org/blog/2006/12/01/five-gifts-that-will-make-your-kids-rich/#comment-23546 Lazy Man and Money Fri, 01 Dec 2006 22:56:43 +0000 http://www.getrichslowly.org/blog/2006/12/01/five-gifts-that-will-make-your-kids-rich/#comment-23546 I was going to suggestion the old computer game Lemonade Stand, but it looks like The Sims 2 may cover it. I was going to suggestion the old computer game Lemonade Stand, but it looks like The Sims 2 may cover it.

]]> By: Bob http://www.getrichslowly.org/blog/2006/12/01/five-gifts-that-will-make-your-kids-rich/#comment-23531 Bob Fri, 01 Dec 2006 21:07:37 +0000 http://www.getrichslowly.org/blog/2006/12/01/five-gifts-that-will-make-your-kids-rich/#comment-23531 I'm no expert, but I think that you cannot deposit into a Roth IRA unless you have earned income. I remember trying to start one around 14 with some birthday money and being rejected because I didn't have a job You also are not allowed to deposit more money than you earn. So if you are matching a kid's deposits, you might exceed the limit. Just something to check on before going that route. My dad showed me how great compound interest was when I was growing up by looking at the numbers. If I deposited a few hundred or thousand dollars when I was 18, how quickly I could become a millionaire with no extra effort. Gotta hook em while they're young. I’m no expert, but I think that you cannot deposit into a Roth IRA unless you have earned income. I remember trying to start one around 14 with some birthday money and being rejected because I didn’t have a job

You also are not allowed to deposit more money than you earn. So if you are matching a kid’s deposits, you might exceed the limit.

Just something to check on before going that route.

My dad showed me how great compound interest was when I was growing up by looking at the numbers. If I deposited a few hundred or thousand dollars when I was 18, how quickly I could become a millionaire with no extra effort. Gotta hook em while they’re young.

]]> By: David http://www.getrichslowly.org/blog/2006/12/01/five-gifts-that-will-make-your-kids-rich/#comment-23522 David Fri, 01 Dec 2006 19:56:18 +0000 http://www.getrichslowly.org/blog/2006/12/01/five-gifts-that-will-make-your-kids-rich/#comment-23522 The ROTH and the 529 are my favorites...we are signed up with UPromise, which puts a nickel or dime here or there into a 529 for our kids...which we dont even have yet. If you havent checked it out, its pretty cool. The ROTH and the 529 are my favorites…we are signed up with UPromise, which puts a nickel or dime here or there into a 529 for our kids…which we dont even have yet. If you havent checked it out, its pretty cool.

]]> By: MissPinkKate http://www.getrichslowly.org/blog/2006/12/01/five-gifts-that-will-make-your-kids-rich/#comment-23519 MissPinkKate Fri, 01 Dec 2006 19:33:28 +0000 http://www.getrichslowly.org/blog/2006/12/01/five-gifts-that-will-make-your-kids-rich/#comment-23519 Payday is a really fun game! Used to play it all the time as as kid. Payday is a really fun game! Used to play it all the time as as kid.

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