Once thought to give a “leg up” when kids enter the real world; in today’s real world of information, complex options and decisions, understanding investing as an adult is now more of a necessity. Investing is a tool to earn money that your child can use their entire life. Since finance is typically not taught
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Michael Farrell, a wealth manager to millionaires, believes there’s much more to inheritance than handing over money. Farrell is managing director of a wealth management firm whose typical client is worth at least $10 million. “We tend to work with a lot of first-generation wealth creators. They have a bit of a blue-collar mentality about their
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Becoming a parent means taking on a whole new level of responsibility. After all, you’ve now got a new life in your hand’s and your child is dependent on you for everything. While the list of things you need to do as a new mom or dad is endless, there’s one essential item that should
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At a certain age, many children have to deal with the financial mistakes their parents make. That could mean having to help them out with money, or even having mom and/or dad move in with you. Some families actually plan for that to happen. In other cases, there are limited options given the high cost
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