Not wanting their children to repeat the financial blunders they have made in the past, many parents are taking a proactive role in making sure their children understand the importance of financial responsibility.
Alarmed by careless spending habits and constantly being hit up for cash on a daily basis, many parents have incorporated ingenious methods for teaching their children the value of a buck.
These concerned parents are not only teaching their children about investing and business ownership, but they are putting them through a hands-on training process that requires them to invest a portion of their allowance into a home based business that they must grow in order to have the luxuries they so hastily request from their parents.
Internet businesses seem to be the most ideal since most kids are already computer savvy and are familiar with many of the online social communities where they would be marketing their businesses for free, just as professional Internet marketers do.
One of the most popular home businesses, among parents using this child rearing technique, is the GDI business opportunity. GDI, which stands for Global Domains International, is a webhosting and domain name service provider. In other words, GDI provides the services needed to produce a website.
Like many home businesses, GDI utilizes a multi-level compensation structure that pays residual commissions on the signups your child is able to generate, directly or indirectly, for the company through his or her online marketing efforts.
Many parents have strategically set themselves up to profit along with their kids by signing themselves up for a GDI account first, and then setting up GDI accounts for each of their children.
At an affordable $10 per account, the GDI business opportunity is a great way to start-up a family organization, but be careful, this child rearing technique can quickly bump you up to the next tax bracket before the end of the year!
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In the wake of the recession, women are on the verge of outnumbering men in the workforce for the first time in history, according to the Bureau of Labor Statistics. The second annual survey by Women & Co., a financial community where wisdom, wealth and women meet, backed by Citigroup (NYSE symbol: C), uncovers how the economic downturn has impacted what women are thinking, saying, and doing when it comes to money in today's SHE-conomy. Results of the latest survey, Women and Affluence 2010: The Era of Financial Responsibility, reveal that women are using their growing financial knowledge and rising influence to foster an open dialogue about money and usher in a new age of financial responsibility.
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The FiftyP money management website is one of Daily Grommet's favorite online destinations. FiftyP helps teach kids about earning, saving, and spending money in a safe environment controlled by their parents. It's a great way to help children learn about financial responsibility, and FiftyP donates 50% of their profits to causes chosen by the community of kids using the service. *******www.dailygrommet****
Nationally renowned pet expert and animal behaviorist Harrison Forbes shares his expert tips on how to be a financially responsible pet owner. Video from Progressive.
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Washington – April is National Financial Literacy Month, and the National Academy of Public Administration (NAPA) is launching a student-focused public awareness campaign designed to demonstrate the importance of financial responsibility and inspire students to make their voices heard in the ongoing fiscal policy debate.
Budgetball is an innovative new sport that combines fiscal strategy and physical play. The game takes students out of the classroom and on to the field for competitive play that highlights the relationships among debt, savings, interest, and taxes. Budgetball gives players a compressed, real-time, physical experience in managing money that applies to balance sheets of any size – from personal finance to the Federal budget. Visit www.budgetball**** to view a video explanation of the game.
Peruvian farmers and residents affected by climate change say that developed nations should be made financially responsible for the effects of global warming in the South American country.
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When considering auto insurance quotes remember that such insurance isn't exactly an optional thing when it's time to start operating a motor vehicle out on the roads. In fact, almost every state in the country mandated by law and even in those states that don't exactly mandated, there are still laws that require a person to demonstrate extreme levels of financial responsibility if they don't have insurance.