Money and Honey

Personal Finance, Stock Market, Mutual Funds, Bonds and Investment Strategies.

Wednesday, 22 July 2015

9 Money Lessons You Should Teach Your Kids

While you teach your kid about the social norms and guide them through their life, it’s important that you also teach them about the importance of money and how to value it. Here are a few lessons you can teach them very early on. 1: Patience is a virtue The very first money lesson that you can teach your kid is “it pays to wait”. Your kids are smart and sharp; they know that you probably have enough money to fulfill their demands. Whenever...

6 Investing Lessons from the Richest Man in the World - Warren Buffett

Warren Buffet is no stranger to the world of investing. There’s a lot to learn from the most successful man in the world of investing. Here are six lessons from Warren Buffett that you can use to invest better. 1: “If you buy things you don’t need, you will soon sell things you need.” You can make more money not only by investing or taking up a second job, but also by resisting the temptation to go out and just splurge. As the saying...