Two Keys to Success: Entrepreneurial Thinking and Personal Finance
I couldn’t agree more with this statement, and that’s why I am so passionate about education! Whether helping my clients understand their financial lives or teaching kids about money, I love to share my knowledge.
Education is the key
Do you remember learning anything about financial literacy or entrepreneurship as a kid? Probably not, because schools never used to teach that stuff.
Over the past few years I have found that the combination of entrepreneurial thinking and effective personal financial management provides us with the foundation needed to access a life we love.
So what am I doing with this insight? I’m developing tools to educate you and your children (or the children that you may have someday) about what it takes to be financially independent. See below for two examples…
Expensive secrets mutual fund companies don’t want you to know.
You have probably heard that mutual fund expenses can sap returns, right? So what might you do? Well, you could go out and learn about the internal expenses of mutual funds. This may not sound fun, because it isn’t. It’s boring stuff! Yet that’s not the issue. The problem is that most books and articles don’t even mention the hidden costs that might be eating away at your returns.
Check out my recent article to learn how to identify (and avoid) hidden mutual fund fees!
When life gives you lemons… create a way to teach kids about business.
Last year I was on campus at my Alma Mater, Babson College, teaching employees how to talk to their kids about money. One of the attendees happened to work with a nonprofit, called Lemonade Day, that uses lemonade stands to educate kids about starting a business. What an idea!
Long story short, I’ve been teaching this class to 5th, 6th and 7th graders in Dorchester, MA for the past two months and we recently had our very own lemonade stand in Boston. The kids made $175! More importantly, they learned how to think independently, market themselves and manage money; three skills that will help them get ahead in life.
So, here’s the deal.
Personal financial knowledge can support you in living a life you love. And learning these skills can actually be fun.
Take a moment to think about your life and see where you can add a little fun where none exists now. Your job and your finances can be enjoyable… it just might take a little entrepreneurial thinking to make it happen!
Let’s go Beyond Your Hammock.
Eric Roberge CFP®
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