Miles Business Blog: Business Education Archives

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Janet Bodnar, the author of "Raising Money Smart Kids," tells Harry Smith from CBS News how to raise children who will know how to manage their finances.

Having three children of my own, I know just how important it is to make sure that your children know what they are doing with there money and how to take care of it.

I ran across this at Sean Witty's site and new I just had to post it here.

Top Ten Opt Outs:

1. National Do Not Call Registry

2. Prescreened offers of credit and insurance

3. DMA opt outs (The DMA is the largest U.S. association of marketers)

4. Financial institution opt outs (If you opt out, you limit the extent to which a financial institution can provide your personal financial information to non-affiliates.)

5. CAN SPAM (The federal CAN-SPAM Act requires that a commercial emailer give each email recipient an opt out method.)

6. Credit freeze

7. FERPA (The FERPA opt out stops schools from releasing student directory information (Name, home address, date of birth, and other information) without consent, with some limitations.)

8. Data broker opt outs (Some commercial data brokers allow some categories of consumers to opt out of some limited uses and disclosures of personal information.)

9. Internet portal opt outs

10. NAI opt out (The Network Advertising Initiative (NAI) offers a centralized opt out system that allows Internet users to avoid some types of tracking of their web activities)

If you hate getting spam via email or by phone go check some of these out.

Success Coach Robin Sharma shares why one decision can change everything in your life...

The company that I work for has been around a little over 50 years. One of the things that we have done since it's inception is to pay our bills on time. Sounds stupid and simple right? You might be surprised how often that is not the case. One of the reasons our retirement plan is so good and our profits are great (aside from us working our tails off) is that we have no debt. Plain and simple. No debt. We pay all of our bills within seven days, no matter how big and if it is something that would cost more than we actually have in fluid assets we find another solution.

We own our own property except in cases where it makes sense to lease and in those cases we generally try and get as good a deal as possible and sign 20-30 year leases so that we can lock in the income from that location.

We used to own our own restaurant supply company as well as be self-insured but have moved away from that completely over the last few years as it became financially better to have someone else do it for us.

One of the reasons that so many large and small businesses go under during recessions and rough periods with the economy is debt. If you owe more money than you actually have then when times are hard you have to either borrow even more money to stay afloat or go under.

More people need to apply these principles to their personal affairs as well.

Just came across this and felt that I needed to post it...


What better way to become the next Real Estate Magnate than to learn from the hands of the Master himself, Donald Trump. Real Estate has always been one of the most stable investments that you can make and the best way to build wealth, sometimes enormous wealth. Trump University was designed around the idea that you can succeed in business, whether it be as an entrepreneur or advancing yourself up the ranks within a corporation.

Trump University offers courses such as 'Understand Real Estate Finance', 'Significantly Increase The Value of Any Property',  and 'Three Master Secrets of Real Estate Success'.  One that I wanted to link to is 'What Inexperienced Homebuyers MUST Know Before They Buy A Home'. I wish there had been a course like this available to me when I first bought my current home. I did educate myself fairly well by reading a couple of books and consistently listening to a Real Estate show on the radio, but I still felt lost when we purchased the house and could have saved quite a bit of money if I had known some of the stuff then that they are teaching in this course now.

Donald Trump has an amazing track record of investing in real estate and having great timing; timing which has made him a billionaire. With the proper Real Estate Training the rest of us might not become billionaires but it is certainly reasonable to expect success and being comfortable in early retirement. The same techniques that Donald Trump uses in finding real estate and investing in it, renting, improving and getting rid of it can be taught and successfully used with single family residences, duplexes and small apartments, you just have to make the investment in yourself and take the time to learn.

Teaching our children the proper way to manage their money, making them financially literate is a huge challenge right now. There's a pretty good article up over at Yahoo! Finance right now that deals with just that subject. Go check it out if you get a chance.

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