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It’s sum-sum-summertime! When our daughter, Meredith, was growing up, summer was a special time in the Dolan household. We spent lots of time outside together here in Florida. We especially enjoyed playing in our family pool. I (Ken here) even read my pile of Sunday papers while standing in the pool. Wonderful memories! We also put Meredith to work helping out around the house, and we paid her an allowance for her efforts. We recommend that you do the same, especially this year because summer jobs are very tight. More senior citizens need a few extra bucks and are taking the jobs that were once the summer domain of teenagers. An allowance is just one way to teach your children and grandchildren to be money smart. Boy, do we wish our parents had done that for us! We couldn't even begin to count the number of people who have called us on our national radio show with money problems that could have been avoided had someone shown them the "basics" early on. Ah, but just how much should you pay? That's a trickier question, but we have the answer for you! Here's what we recommend for each age. We'll also share some tips on how to use an allowance to teach valuable money lessons. Mutual funds can be a very useful tool to help you achieve your long-term personal financial goals, but we realize that choosing the right ones—from among more than 10,000 available choices—can be an overwhelming task. For example, there are stock funds, bond funds, money market funds, taxable and tax-free funds, sector funds, growth funds, income funds, ETF funds—you name it, there’s a fund to cover it. No wonder people get confused! But don't you worry. We're here to help you sort it all out. We've put together this little primer for you on the “ins and outs” of the different kinds of funds you can invest in and how they work. Read our primer now to discover which funds are best for you.
If someone told you that starting your own business didn't have to be as hard as it seemed, you'd probably jump at the chance, right? Most people would. A recent Gallup Poll showed that 61% of Americans would like to be their own bosses. Now, you know us. We're not going to sugarcoat it and tell you that going into business for yourself is easy. It's not. It's hard work, but it can also be very rewarding. The problem for most folks is getting started. Finding the time and resources to go into business for yourself is extremely difficult. But here's the good news: There is a way to be an independent business person and still benefit from the wisdom of some of the most successful companies on the planet. We have the details for you in our new video. Check it out here. It could be just the ticket to the success you're looking for! Sincerely,
Ken & Daria Dolan |
If you're like me (Ken here), you couldn't wait to get your hands on your allowance. I used to run right out and buy baseball cards with my favorite Red Sox players on them. Maybe it wasn't the best use of my money, but I sure enjoyed it! (I wonder whatever happened to all of them!)
Did you see the story last week about the 400 people who were arrested for mortgage fraud? Yes, 400 people on charges related to lending fraud, foreclosure rescue scams, bankruptcy schemes, and more.
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About The Dolans