Kidpreneurs on show at book launch

Feeling low? Get yourself around young people starting businesses. Their enthusiasm is contagious.

The 12 kidpreneurs selling their wares on Sunday 13 November at East Fremantle Yacht Club have given me enough good vibes to handle whatever life cares to throw my way for the rest of 2016.

Here’s the wrap up from the Showcase – who was there, how they went, and contact details in case you’d like to order some of their products or feature them in a media article. Read more

Bunny Money Book Launch & Kidpreneur Showcase: pre-event information

This post contains important information for event attendees including parking, opening and closing times, what you’ll find for sale from our kidpreneurs and Money School, and other activities you can do to make an afternoon of it with your kids.

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Kidpreneur Series: Stella’s Little Bursts of Happiness

Using affirmations to help you think positively is a popular and effective technique among adults. After reading affirmations written for her by her mum, Stella realised kids needed affirmations too – but they needed ones for kids. Enter Little Bursts of Happiness.

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Kidpreneur Series: Ben & Holly’s iLOOMinate Perth

Our third kidpreneur team is dynamic brother-sister duo, Ben and Holly. They’re making assorted loom bands under their catchy business name, iLOOMinate Perth. For those not in the know, a loom band is a bracelet made of plastic loops. It’s the jewellery choice of many students… and now me too after seeing the rainbow ones in their range. Read more

Kidpreneur Series: Beauty From Ash’s Products

The second kidpreneur in our series is actually the first one I’d met as part of this series. Her name is Ash. She is 11 years old and is the original inspiration behind the Showcase coming up on 13 November. I’m in awe of her commitment. As you’ll see in this article and on her Facebook page, she’s really put a lot of effort into creating a fabulous product and ensuring her business is sustainable.

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Kidpreneur Series: Jake’s Green Leaf Company

Our first kidpreneur in this series is eight-year-old Jake. I was lucky enough to meet Jake last week. I was blown away by his enthusiasm, organisation and ambitions for his business, Green Leaf Company. Read more

Housing affordability: you can’t spend your way out of this

There’s a problem with the way Gen X and Y view housing affordability, and it’s going to ruin the financial futures of their children if they don’t snap out of it pronto.

I read this article in which the author says she is spending money on brunch because she can’t afford a house, like it’s the only way she can console herself about her dire financial future. Read more

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Becoming a self-funded retiree: more of Fran’s story

If you’ve read anything about Money School, you’d know we wouldn’t be here without Fran, the mother half of the our mother-daughter team.

Fran’s a bit shy. She’s more than happy to be in the background. Getting in front of a camera was a daunting task for her, but with a little coaxing we got there. It’s a shame she’s shy because Fran’s is the more inspirational story in our opinion. Starting investing at 48 years old and now a self-funded retiree, her life proves it’s never too late to start.

We’ve finally convinced her to tell more of her story. Here it is, in her own words:

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Calling Perth Kidpreneurs!

Are you a primary school student based in Perth with an entrepreneurial idea? We’d love for you to join our Kidpreneur Showcase at our ‘Bunny Money’ book launch.

Why are we holding a Kidpreneur Showcase?

We believe in raising entrepreneurial kids that can spot a problem or market opportunity and act on it. We’ve heard from some of our clients and seminar attendees recently about great examples of entrepreneurial thinking from their kids, for example:

  • Ash starting a lip balm business,
  • Kale and Jewel raising hens to sell their eggs and manure to neighbours, and
  • Charlotte and Leo running a curbside bake stall with a $40 loan from Mum and Dad.

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Monopoly and Real Life | %%sitename%%

Investment property strategies that work: buy and hold

Just like in Monopoly, you have to be holding the investment property to earn an income from it. If you plan to sell quick, there’s a good chance you’ll lose. Read more

Tools for teaching children to save: Introducing Bunny Money

Want to get your children excited about saving? We have the book for you!

Bunny Money is the story of Nessa and Nate, a pair of twins getting $100 each from Gran for their 10th birthday. But that’s not all they get – the most precious part of Gran’s gift is the lesson she gives them about saving over the following year.

Buy the pack for $22 + postage and handling* Read more

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Are Extra Superannuation Contributions the Best Decision?

I recently had an interesting (and somewhat frustrating) discussion with a financial planner about making extra superannuation contributions. In general, she thought it was a good idea. In general, I was against it. We both agreed that specific situations warranted different approaches, but in my specific case – a mid 30’s woman – she thought extra contributions were wise. I disagreed.

I believe most financial advisors would recommend extra superannuation contributions to minimise tax and boost retirement income. So, what else should you be aware of when making this decision?

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Wading into the ethical banking quagmire

Ethical banking started in response to educated consumers wanting assurance that their money is not being used to cause damage. Like recycling, taking shorter showers and buying your food from the local farmers market, it’s another way you can personally contribute to a sustainable future.

Inevitably, the devil is in the detail:

  • Who decides what’s ethical?
  • How do we ensure those with the ‘ethical’ badge are really doing the right thing?
  • What’s the cost to the consumer?
  • And the bottom line: which institutions could you bank with if you want to bank ethically?

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Can today’s teens break into the property market?

Having bought property in 2001 at 19 years old, I get asked this question at least once a month:

 Could a 19 year old do the same today, in 2016?

My short answer is: yes, they could. I’ll outline how in this post.

The far more important question is: if they could, should they? Well, that’s a slightly longer answer. Read more

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Concept to launch in 29 days: What I learned

By Lacey Filipich BEng(Hons) MAICD NFP Gov (Cert)

After six years of struggling to get my course on financial independence out of my head and into an easily digestible format for the masses, I’d had enough of ‘part-time entrepreneurism’. I decided I was taking our Achieving Financial Independence course online. This post is a summary of what I learned in the process. I hope you enjoy it.

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Money Matters – Fran’s Perspective

By Fran White

There’s Death and Taxes and then there’s Money – another certainty of life is that money will have an impact on it.

We Baby Boomers will have to manage money for more years than any prior generation as we outlive old life expectancies, and this includes a lot of years still to come (hopefully!)

As a fairly typical Baby Boomer, the blueprint I had was a hard-working dad whose aim was to pay off the family home and live out his retirement, with mum, comfortably on his company pension. My dad succeeded, he worked for a company with a great pension scheme, retired early and lived comfortably to his standards for more than 25 years till he departed this world. Read more

15 Movies About Money to Watch This Holiday

By Lacey Filipich BEng(Hons) MAICD Cert Gov (NFP)

Money and movies: two of my favourite things. I was reminded of this when I found myself glued to SBS when ‘Margin Call’ was on, even though I had to hold my eyelids open.

Films about money and the people who covet it are fascinating to me. It’s an addiction, even more so than reading (and I read around 100 books a year). I’m hanging out to watch ‘The Big Short’.

So here it is, my list of money movies worth watching. If the heat is getting to you, put on the air con and pop one of these on your chosen device. You can claim it’s educational 🙂 Read more

Book Review: Money Master the Game by Tony Robbins

When asked what books about finance I recommend, my response ten years ago was:

They’re still my go-to books for self-education on finance and I haven’t seen anyone do better on those topics yet. Reading those books has been pivotal in my investing life.

In recent years I’ve added to my list:

Then, in late 2014, Tony Robbins released ‘Money: Master the Game’. I immediately preordered the book, wondering if it would become another financial ‘Bible’. Read more

Talking Money with Young Children

‘I want this one.’

My 2.5-year-old daughter was pointing to a plastic stool with Winnie the Pooh on the front of it. Price: $14.

Next to it was an identical stool – same size, shape, colour, everything – but instead of Winnie the Pooh, it had a grey star and ‘I’m a star’ written on it. Price: $5.

With my first thought, I mentally cursed the store, then marketing people everywhere. They did this on purpose.

With my second thought, I reflected that my daughter is like a sponge. She is being subconsciously programmed by whatever I do or say till she’s seven, and maybe beyond. I better do and say the right thing here.

By this point, one second has passed. My daughter has picked up the Winnie the Pooh stool and is headed for the check out. I grab the $5 version and follow her.

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Ask and ye shall receive

By Lacey Filipich BEng(Hons) MAICD Cert Gov (NFP)

‘Thanks for seeing me without an appointment.
I’ve received offers of 3.99% variable on my loans from three other banks.
I’d like you to match that.’

‘The other gas company has offered me a 20% discount for the next year if I switch to them.
What can you offer me to keep me as your customer?’

‘I see these vacuum cleaner bags are $27.95 per box.
Can you do a better price for me please?’

These are real sentences uttered in the last month. I spoke the first and third, a colleague of my husband spoke the second. In all three cases, it resulted in a discount – not always the requested amount, but a discount nonetheless.

When I tell people that I asked for these discounts, I get a variety of responses:

  • Noses wrinkled in distaste at the thought of asking for a discount (how low-class).
  • Smug looks of the ‘I already get a great deal so I don’t need a discount’ variety.
  • Blank looks of the ‘I didn’t know you could do that’ variety.
  • Blank looks of the ‘why would you bother’ variety.

I’ve met only a few fellow discount-seeking kindred spirits in my time. I ponder why that is.

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