09/04- 4:44 Dealmaker's Digest Newsletter

Author

Mark Evans DM
September 04, 2024

Hey, Dealmaker!

Are you teaching your kids the language of money, or are they already falling behind? 🤔 Most kids don’t know a P&L from a PB&J, and trust me, that’s a problem. You think they understand what ROI is? Or why the 8th wonder of the world isn’t a cool new theme park? Probably not. But here’s the deal—if they don’t learn, they’re missing out on the real game of life.

So, let me ask: Would your kids rather take a million bucks today or a penny doubled every day for 30 days? (Hint: That penny packs a punch! 😉) Dive into the blog today where I share fun ways to teach your kids about money, investing, and building wealth from a young age.

4 Thoughts to Kickstart Your Day

  1. Teach Money Early: The sooner kids understand money, the sooner they learn how to make it work for them. Start young and keep it simple.

  2. Make Money Lessons Fun: Turn money talks into a game! Use real-life examples and make it something they look forward to.

  3. Lead by Example: Kids learn more from watching you than listening to you. Show them how you manage money wisely and talk about your decisions.

  4. Encourage Smart Questions: Get your kids curious. Ask them money questions and let them ask back. Curiosity is the first step to learning.

4 Lessons Learned

  1. Start with the Basics: Teach them simple concepts like saving, spending, and giving. Get them comfortable with money talk early on.

  2. Compounding is Magic: Explain how compound interest works and why it’s the key to growing wealth. Use the penny vs. million-dollar question to make it stick.

  3. Turn Mistakes into Lessons: Don’t hide your financial mistakes. Use them as teaching moments to show your kids what not to do.

  4. Invest in Experiences: Show them that spending money on experiences can often be more valuable than buying things. Teach them to value what truly matters.

4 Challenges to Conquer Today

  1. Have a Money Talk: Sit down with your kids today and talk about what a P&L or ROI means in simple terms. Make it relatable!

  2. Play the Penny Game: Challenge your kids with the penny doubled question and walk them through the math to see the magic of compounding.

  3. Set Up a Family Savings Jar: Start a small family savings goal and let your kids contribute. Celebrate when you reach it!

  4. Create a Learning Moment: Find a real-life situation—like shopping or paying bills—and show your kids how to think about money choices.🚀 Join the DM Alliance! 🚀

Looking for some fresh ideas to teach your kids the money skills that matter? Come join my private group where we’re all about sharing tips on building wealth, growing businesses, and passing down knowledge to the next generation. It’s not just about making money—it’s about helping our kids learn how to keep it and make it grow!

Quote of the Day

"An investment in knowledge pays the best interest."

- Benjamin Franklin

Let’s help our kids get smart with money!

Until Tomorrow,

Mark Evans DM

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