Is Your Child a Money Master or a Money Monster? by Sunny Istar Lee Founder of MMK

My first book helped me become a columnist for an economics newspaper, which generated a lot of leads that helped me qualify for MDRT my first year and every year since then. Understand why it is important to publish your own book.I’d like to share with you the six most useful and practical steps you can put into practice right away: My days go by super-fast! There is no magic formula, no gimmicks, no cutting corners, no shortcut, but there is a lot of genuine effort and dedication. I wish! I am a financial planner just like you, juggling work and family every day.

Some of you might be asking, “Does she have nothing else to do but to write books all day?” or wondering if I have some kind of magic wand to create books one after another. I have published six books so far, and my Amazon bestseller is called “Is Your Child a Money Master or a Money Monster?” It was featured on CBS News along with several other local media. Then give them the opportunity to change their mind.'Īs some family financial advisers say, we can't afford to wait to teach our kids about money.Publishing can help you elevate your image and marketability. Discuss which option is a better alternative, and why. Let them decide - five dollars now or 15 dollars in two weeks - and have them tell you why they chose that option. 'Would you rather I give you five dollars now, or do you want to wait two weeks, and I will give you 15 dollars then?' If they're not sure you'd actually give them that 15 bucks in two weeks, let them watch you put 15 dollars in an envelope, seal it, and write their name on it, then put it in a safe place. 'Help your kids understand by offering your child an option.

Pamela Yellen, financial expert and author of 'The Bank on Yourself Revolution,' recommends teaching tweens and teens the benefits of delayed gratification.

Parent magazine highlights the value in giving children clear jars, rather than piggy banks, to bank money into 'saving, spending and giving' to build pride, motivation and gratification as they see the money build up in each jar.įinancial adviser and author of the book 'Is Your Child a Money Master or Money Monster' Sunny Lee stresses the benefits of giving children commissions for chores accomplished, rather than allowances that don't require an effort or work ethic, to differentiate value and educate kids about the nuances in earning money (i.e.: taking out the trash might be more lucrative than cleaning your room). Where can parents start when teaching young ones about money? Ditch the piggy banks.

Is Your Child a Money Master or a Money Monster? by Sunny Istar Lee Founder of MMK