Financial matters

Old Ebbit Grill, where I had an amazing dinner is situated beside The US Teasury Department.

Money is so easy to understand in theory that many people would do a good job of handling it in life, isn't it? But they don't.

In many families, financial matters become a war zone not only between parents and children but also between parents and parents.

Most efforts by most parents to teach kids about money are doomed from the start. These efforts usually and often end with a lecture on the virtues of fiscal prudence with the opening of a savings account.

Most kids perceive that the purpose of these banking plans is not to promote savings but to prevent consumption.

I think I've done a reasonable job of helping ACE develop reasonably healthy attitudes about money, but we've had our moments, believe me.