Neale Godfrey Quotations

Get them involved in how money is spent in real life.

Teach them as little ones the natural consequences of money. The only way to get it is to earn it.

I like to distinguish between 'citizen of the household' chores - like keeping a room free of breeding diseases - from 'work-for-pay' chores. But it's important to teach that you get money by earning it - there's no entitlement program out there simply because you were born.

The baby boomers have profoundly blown it. We were a generation of spenders. Over the last six years, more people have declared bankruptcy in the U.S. than have graduated from college. If we don't teach kids to save, we are doing them a great disservice.

They need to understand the responsibility that goes along with having access to a car.