1. Money Is Earned In today’s dreadful economy, raising your children to expect things to be handed to them with no effort would put them at a serious disadvantage in the workforce. I’m not saying you should pay them to do household chores that they should already be doing for no financial reward ( because who doesn’t want to live in a clean home free from clutter?) , but  do encourage them to open a lemonade stand, help you prepare for a yard-sale, and mow neighbor’s yards when they are old enough. 2. Want Vs. Need Children need to understand that what we need always comes before what we want. If they want a new toy or video game and cash is tight, explain that money is a limited resource and things like clothing and food come first. 3. The Power of Patience Set some ground rules: for every $10 your child earns, at least $1 must be saved. Get three separate piggy banks and label them like so: savings, spending, and giving. Do not force them to put away money f...

Stock market Because compound interest is the smartest path to financial independence and wealth I love tech stocks. Amazon; (War on Cash stocks) : Square, Visa, Paypal; ( AI stocks):  Google, Nividia, Baidu; China Stocks : ETF’s, Tencent, Baidu, I maxed out my Roth IRA and invested in SRI ETF’s / mutual funds. Cryptocurrency Because I like to indulge in risk and “easy money,” but also because I believe in the technology. Books Because if I can pay $30 just for ONE good idea from a book, then I’ve already made back tenfold my investment Recommendations: Originals: How Non-Conformists Move the World , — by Adam Grant. Give and Take: Why Helping Others Drives our Success  — Adam Grant Gary Vee books, Malcolm Gladwell, Here are some great books on investing: Rich Dad Poor Dad  - A Classic book for all types of investors Principles  - by Ray Dalio (Greatest hedge fund manager) Wealthy Barber  and its sequel  The Wealthy Barber Ret...

Time and time again, investors take profits by selling their appreciated investments, but they hold onto stocks that have declined in the hope of a rebound. If an investor doesn't know when it's time to let go of hopeless stocks, he or she can, in the worst-case scenario, see the stock sink to the point where it is almost worthless. Of course, the idea of holding onto high-quality investments while selling the poor ones is great in theory, but hard to put into practice. The following information might help: Riding a Winner - Peter Lynch was famous for talking about " tenbaggers ", or investments that increased tenfold in value. The theory is that much of his overall success was due to a small number of stocks in his portfolio that returned big. If you have a personal policy to sell after a stock has increased by a certain multiple - say three, for instance - you may never fully ride out a winner. No one in the history of investing with a "sell...