Wednesday, October 24, 2012

How we teach our children about money

by BO

MO and I have two daughters who are at the age where they need to seriously learn about about managing their money.

We use the federal government and the way I want to run it, as our basis for teaching.

Basically, what we tell our daughters is that if they spend more than we give them for an allowance, all they have to do is to go find some "rich kid" and tell him that he (she) has to give them some of his money 'cause he has more than he deserves.

If you spend all that, just go tell the rich kid you need more.  If she refuses, tell her you will get congress to pass a law.

Our girls don't need to learn anything about financial restraint, because they can always get more when they demonstrate a need for it.  And their "demonstration" does not have to be very good.  BTW, we don't expect them to do anything demeaning like household chores.  Oh no, just being alive is enough to get money whenever they want it.

MO and I realize our approach is not shared by many of our friends and political associates, but it is the new way---- our way.

yours truly
BO


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The Chair thought Monday night debate was a draw.  Mitt did what he had to do.  "Create no openings"    It is like a football game where the team that is leading as the end of the game approaches needs to play a strong defensive game.  Momentum is on Romney's side ---  so do nothing to derail it.   The buzz in Florida is that BO needs to do something to close the gap.

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