Time – a Two-Sided Coin

Key Takeaways

  • “Time is money” is an American philosophy about productivity that dates back to Benjamin Franklin’s time.
  • Whether at work or at home, the main thing people want from us is our time and our attention.
  • Now is the time of year to have those important conversations with family about stewardship and shared values, not just wealth transfer, to make sure the next generation is ready.

Eliminating the Limitless

Key Takeaways

  • The process of elimination can be very helpful for solving problems when you’re going through transition.
  • In money, focus on the basics—cash flow, balance sheet and taxes.
  • Focusing on cash flow, balance sheet and taxes can help you eliminate choices that don’t make sense for you.

The Apron System—Digitized

Key Takeaways

  • In the old days, smart workers trained themselves to save money for essentials by socking it away in an apron hanging behind the front door. Today we use technology.
  • While smartphone apps can be addictive and overstimulating, they can also help you curb your impulse spending habits and work toward important savings goals.
  • I recommend this insightful Entrepreneur.com article: 6 Apps That Help You Stick to Your Goals.

Money – What You Didn’t Learn in School

Key Takeaways

  • Up to $40 trillion may be transferring between generations over the next 30 years.
  • It’s never too early to teach young people the importance of handling money responsibly.
  • Below are different financial literacy strategies for preteens, teens and young adults.