Author- Marshall Rathmell
It is no secret that there is a lot of math in personal finance. Raising kids to be confident in their math skills can have many positive results, including a better understanding of their personal finance. To that end, I strongly recommend anyone with children in their lives check out www.bedtimemath.org.
You already know that our financial habits determine our financial fate. If we avoid credit card debt, spend less than we earn, and create a financial buffer against the unexpected, we tend to thrive financially. If we carry a lot of debt or live constantly on the edge and with little savings, then our financial future is much cloudier.
Professional investors know something that most people find impossible to believe: that the threat of scary ups and downs in the markets is by far the best friend of the long-term investor. Why? Because over the long term, stocks have provided returns far higher than bonds or cash.