Kids learn from Mom and Dad, so how parents communicate with their kids has a lot to do with their attitudes about money in later years. In this episode, find out how investing with just a little money and a lot of time on your side will let you wind up with a million dollars. You’ll hear Robert Kiyosaki, author of the notable finance book Rich Dad, Poor Dad explain why parents need to teach their children an overall money philosophy. You’ll also learn about the value of philanthropy from thirteen year-old Claire Sled, who used her talent as a violinist to raise thousands of dollars to help the children in Afganistan.
Even if you are starting later in life, Investing 101 shows you how the meaning of the phrase, “better late than never” is relevant at any age. Resident financial guru Rob Black explains the power of time and shares his prescription to get to your first million.
Our Scam Alert takes us to New York, where a store sold rare coins at a 300 to 600 percent markup and told people they had to keep adding them to their collections if they were to be a valuable investment. After several New Yorkers lost millions of dollars through this racket 26 scammers were convicted.
