Monopoly & Excel: Is Your Family A Team? [Video]by Financial Design Studio, Inc. / September 9, 2019
Have you ever thought of your family as a part of a team that can teach each other new skills?
One of our clients has this story for us about the importance of being a team. The mother of the family had the opportunity for a change of careers, but she was required to have a higher level of competence in Excel. Her son knew the program very well and was able to teach her formulas, shortcuts, and how to manipulate the data she would be working with.
She was able to learn the program, obtain her career promotion, and have confidence in her new role.
So this started a discussion about the parent/child teaching relationship and how families can be a team that shares information with each other. We often think as parents that we have something to teach our kids, but especially with emerging technology, we can be learning as well.
In the early years, we teach kids life-long lessons about goals through Monopoly, The Game Of Life, and with toy cash registers. We want our children to understand how to use and count money. These games actually help kids learn to be strategic and make good decisions.
So, as a parent, keep in mind that as you are pouring into your child, what can you be learning as well? We recommend every so often to go around the kitchen table and discuss topics or hobbies that each person knows really well. We bet you, everyone in the family has something they can teach one another.
Ultimately you all want to win. You can help each other do that together!
Ready to take the next step?
Schedule a quick call with our financial advisors.
A Mega Backdoor Roth strategy is a powerful tool for high income earners that want to save more for retirement. Who can do it, and what are the rules you need to look for? Our in-depth article on the Mega Backdoor Roth will help you see if you're eligible and then give you a step-by-step...
A Backdoor Roth IRA strategy is a great way for people to save more money for retirement. But how does it work? And what are some of the rules you need to be aware of? Our blog answers these questions and gives you a step-by-step guide for doing a Backdoor Roth IRA.
We are financial advisors in Deer Park and Barrington, IL. A team with a passion for helping others design a path to financial success — whatever success means for you. Each of our unique insights fit together to create broad expertise, complete roadmaps, and creative solutions. We have seen the power of having a financial plan, and adjusting that plan to life. The result? Freedom from worrying about the future so you can enjoy today.