Instilling Financial Wisdom
Title: Stock Market Investing For Teens
Author: Myles West
ISBN: 9798416564322
Pages: 149
Theme Music: The FatRat Warrior Songs: Reminiscence
Ok, maybe the Theme Music was a little much, but I mainly listened to this while I read Myles West’s investment guide for teens and planned kiddo’s future. According to West, only 35% of kids 12-19 (as of 2021) had ever had a savings account, and though I agreed to read this book and leave an honest review in exchange for a free copy, I definitely sat and patted my back for having savings accounts for both my kids and choosing this particular title to review. I have always assumed helping children plan for their financial future was the norm, I did not realize how in the minority I was until this book.
While married to my oldest’s father, we suffered a lot of hardships, many that began and ended with financial irresponsibility and abuse. It was during those years that I realized how important it was to not just “agree” about money, but to understand when you are and are not speaking the same language when discussing money topics. It’s not enough to agree that it is “good to save,” questions like “how do you plan to save?” must also be answered accurately. Newsflash: “Win the Lottery” is not a good answer. Spending is a touchy subject too. Agreeing that bills should be paid on time is not the same thing as someone actually paying their bills on time, or even prioritizing those bills over their vices. And although I am grateful for the skills I learned while foraging for food in the woods when he kept grocery money from us so he could buy beer, that’s obviously not the place I want my kids to be in life. Ironically, I was reviewing financial books even then. I knew the “right” answers, but I didn’t know how to help my then spouse make the right choices. The new goal is to simply help my kids learn to make the right choices before they are married so they don’t find themselves acting like or married to someone who tackles money like my ex.
It’s not just enough to start a savings account, though, although that’s a great start. We talk a lot of about being a good steward of our finances in our house. As a homeschool mom, I have the opportunity to teach my kids all the inner workings of household management throughout the day while we tackle math, reading, history, and science. My oldest can now budget out and cook dinner once a week as part of her home economics, she’s eleven. She has been taught to save money for pets and their care and upkeep. We have a two year old puppy, a seven year old hermit crab, one year old Australian tree frogs, and she has set up a freshwater aquarium for a betta fish whose extra plant features she has to earn by doing the dinner dishes every night.
Even this is not enough.
Around 8th-9th grade I plan to add the Math-U-See Stewardship curriculum to our school days. When that happens, I’m also going to add West’s investing book to the required reading list.
As an adult, I’m familiar with most of what was discussed for Americans (West’s book also tackles actions available for Canadian citizens), so I read through the 149 page book in one sitting as soon as I took it out of its package. A teenager being exposed with the terminology and ideas for the first time will have to peruse it more thoroughly. Although West does an excellent job defining terms and laying out a thorough getting started guide, I would consider it just that––a guide to get started. A teen would (and should) take a great deal longer than a nine month old’s nap time to digest this book. It’s good stuff.
In addition to the well rounded and systematic way West approaches investing for the first time, I love how he also touches on volatile markets. Many adults pushing kids to invest don’t properly address the risk factor, but I think West handles it well. The risk is real, but these are things you look for…
The best part, West doesn’t act like his book is the end all be all of everything. In a household where our mantra continues to be “Education is a lifetime pursuit” you bet your britches I was delighted to read West write,” The more you know, the less likely you are to make mistakes. Your reading and thinking may also lead to improved investing techniques and performance.” He then continues to encourage his readers to learn about successful investors and firms as well as those who have failed. “[…]there is always more to learn…”
Vikings!
Kiddo is studying Early American History at co-op this year. So, naturally, we’re already super into it.
I thought we’d be diving into the Pilgrims or the Revolutionary War at the start, but the tutor has wisely chosen to go back and lay the ground work for the Americas with ALL the early explorers. At home, we study all the world’s history chronologically so we love that the course is being tackled this way, despite the fact that it means we’re back pedaling over things we studied this last year. Repetition is good, anyway.
Her homework was to read D’aulaire’s Leif the Lucky. We collect all D’aulaire’s work so both of us were pretty pleased with the assignment. Although we did get distracted and took a detoured into studying the Northern Lights, why they occur, what they look like, and why Leif might have thought he saw Odin riding a chariot through the sky.
We read the assigned pages, and then looked for more… we highly recommend listening to some Danheim while you study. I’m loving Janeway’s fictional depiction of Eric the Red and Leif Ericson, and Landmark books have never steered us wrong.
Click here for additional resources if you want to study this subject as well.
Homeschooling During Covid
We’ve always homeschooled, thank God. Educating this way has been the biggest blessing of our lives. Post-divorce, during single motherhood, it was the easiest way to spend the most amount of time with my kid while staying on top of her education. In homeschooling, a little bit of time goes a long way. As a public school graduate, the public system always seemed like for every second of education occurring, there were hours of waste. Homeschooling is efficient, we cover a lot of ground in less time.
“Play is the work of childhood,” and I want my kid to have lots of play time.
During the chaos of sheltering in place, school getting canceled, and whatnot, the only thing that changed for us was me going to work (I got laid off a few months before I was planning to quit), and attending our extra curricular activities. A good chunk of our daily lives looked the same, just more relaxed. Way more relaxed.
Now, in the midst of so many of our friends dealing with school district uncertainty, virtual public schooling, Zoom courses, and a plethora of other dramas–we’re going on with life business as usual. Our co-op is so small and cozy, and several members already recovered from Covid, so we still get to meet as usual.
So what does our Classical Homeschooling life look like?
At Home:
We started a formal Spelling curriculum last year, just using McGuffey’s Speller and memorizing wasn’t cutting it for us. The Workout Spelling books are fantastic and I highly recommend them.
We’re flying through Math-U-See Delta and using Singapore 3A on review days to keep all those math skills sharp. (We do math every day, year round: Math-U-See we maintain her appropriate grade level and Singapore we do the year before. She tested above grade level on her end of year CAT last year, so we think this routine works for us.) We finished the Mensa K-3 reading list this summer and have been plugging away at the 4-6 list and loving it.
As a family, we’re making a point to learn more recipes in the kitchen. I quit buying bread at the grocery store this month and am officially baking all our bread myself. Something I’ve always loved to do, but not had the time and energy to maintain doing it regularly. Now we both have a routine and baking and cooking has been a magical experience instead of a stressful one. She has to help with a minimum of one meal a week, next semester I’m increasing it to three. Hopefully by next year she’ll be making more things on her own, but as it stands if she goes to college with only what she knows now, she’ll be eating a lot of waffles and french toast.
She’s still working through the Botany science curriculum she started this summer in addition to helping me prep for the Introduction to Chemistry and Physics science class I teach at the co-op. We have a stockpile of MEL Science kits we can’t wait to dig into.
At Atrium:
The kid’s course load isn’t light, by any stretch of the imagination, but so far she’s loving it… Early American History, Critical Thinking & Logic, Introduction to Chemistry & Physics, Poetry, Writing & Rhetoric: Fables, Fix It Grammar, Song School Latin 2, Art, Kung Fu. (I’m teaching two Latin classes, the science class, and Kung Fu. Course load sharing with other moms is so fun, as every morning I get a well deserved coffee break while the other moms are “on deck.”)
Extra-curriculars:
So swimming was a great choice for us for 2020. Dipping kids in chlorine seems like a pretty safe choice and the kid swims like a fish now!
I’m not going to lie, I’m a tad envious of her piano lessons. She’s rocking them and composing music like there’s no tomorrow. She graduated the Let’s Play Music program amidst a pandemic and it was worth every penny and then some.
So, if you’re homeschooling this year for the first time ever and need help, message me. If you have ideas for things we’re covering, please share them! (Your favorite DIY science labs and dinner recipes are welcome!)
Hello Wilderness, We’ve Missed You
Since moving away from our beloved Timberlane Estates, we’ve been in dire need for nature. Especially with this winter we just had – harsher than I remember winter being – wet, muddy, colder sooner, and nowhere cozy to defrost. Temporary living arrangements have caused us to leave the comfort of having a nearly 1000 square foot library just down the hall from our beds. We also don’t have a fireplace here. It’s been a long time since I lived without a fireplace. But the change is good, it’s helped us redefine necessities, discover the beauty of new public libraries we hadn’t yet visited, save m
oney for the land and dream home we want, and teach our daughter lessons she might have otherwise missed.
We’ve also discovered the Lake Houston Wilderness State Park. We went from 100+ acres of trails and exploration that we knew like the back of our hands to not having anything most of the winter, to Lo! And Behold! 4700+ acres of trails and wilderness closer than we could have ever imagined. Ask and ye shall receive. Take a ride down the highway and pay attention to those marvelous brown signs!
It costs $3 per adult to get in, kids under 13 and senior citizens are free. OR (and this is what we’ve done) it’s $25 for a year pass for an adult and three adult guests; basically, a family pass.
We’ve been back about every other day since we’ve discovered it. We walk, tromp, and read. We snack and picnic, we play in the creek, we stare at the trees. We read all the sign posts and discover new plants we’ve never heard of. We soak up vitamin D and work our muscles.
To the left you’ll see a Hercules’ Club. We were pretty excited about this discovery and did a mini-research project on it when we got home.
In all this much needed tromping and new library resources at my fingertips, I stumbled across a Guide to Wild Foods and Useful Plants
Happy Fourth of July
The Half Price Books Humble book club read John Adams by David McCullough this month. We discussed it together Monday night, even though I had only read the first 400 pages. The best thing about holidays, for me, though is their ability to mandate what gets read off the TBR pile next. So this week, as I researched for book club, lounged with family, watched fireworks, and read to the kiddo… this is what freedom looked like:
Title: John Adams
Author: David McCullough
Genre: History
Publisher: Simon & Schuster
Length: 751 pages
1001 and one things to discuss about this book, and we mostly got caught up in the assessment of the character of John Adams. Was he an ambitious man willing to run off from the family and farm at a moments notice to pursue more exciting ventures of fame? Or, was he a great man of virtue who was gifted with the sight of the big picture, willing to sacrifice personal happiness for the greater good of the establishment of our country? Before reading the book, considering my skepticism regarding ALL politicians, I probably would have said the former. But McCullough has me convinced it was the latter that held true.
Of course, I am biased, mostly by the sheer fact that Adams was a great reader. Nothing romanticizes a person more to me than their love for a good book, for the art of research, and for a passion for knowledge and action. Several times throughout the biography, Adams is quoted saying such excellent things as,
“I must judge for myself, but how can any man judge, unless his mind has been opened by reading.”
Where others in the group found him willing to cast aside his wife and children for politics, I found him endearing. He wrote to his wife avidly. He and Abigail would often refer to each other as ‘dearest friend,’ and their relationship seemed to be what kept him grounded and successful. In addition to that, it also seemed that any chance he had to take his children with him, he did. Off sailing across the pond to Europe, the boys equipped with an educated father and a personal tutor, they got first hand experience seeing how nations make peace and build relationships. Sure, Adams renounced his son Charles later in life and that relationship was never rebuilt before Charles’ death, but in my opinion Charles did not deserve anymore second chances. Charles, the favorite as a child, turned out to be the bad seed in the bunch – possibly spoiled by being the favorite to so many – as he turned to alcoholism and abandoned his family. It was John and Abigail who raised his children and looked after his wife, leaving their own son to his own devices as they tried to do right by all his mistakes.
John Adams was quite the fascinating man, one I have, until now, always overlooked in history. Having shared a birthday with George Washington my whole life, he always got my ‘favorite’ vote as a child. As an adult, the Alexander Hamilton vs. Aaoron Burr phenomena fascinated me – mostly driven by that infamous ‘Got Milk’ ad as well as Joseph Ellis’ riveting storytelling in Founding Brothers
With all this important political talk, I found it necessary to re-read the Declaration. With toddler in tow for nearly all my reading ventures, it’s important to find kid friendly things to read alongside all my own reading. That’s where Sam Fink comes in handy…
Title: The Declaration of Independence
Illustrated & Inscribed: Sam Fink
Publisher: Scholastic Nonfiction
Length: 160 pages (but only takes about 15 minutes to read aloud)
I absolutely adore this copy of the Declaration of Independence. As a homeschool mom, I love creating my own curriculum and finding unique ways to share information with my kid. Kiddos everywhere, whether homeschooled or public schooled, should find this a fun way to absorb the meaning behind the declaration and be introduced to the ideas of why it was so important for it to be made and signed.
With large print, clear illustrations, and political cartoons to accompany nearly every sentence – if not sentence fragment – Fink helps walk a kid (and even some adults) through every nuance of our founding fathers’ meaning and intention. If read often enough, you may find you have a kid who has memorized the declaration long before they are ever asked to do so for school purposes. This is just a good old fashioned fun picture book that just so happens to also be an important document to our country’s history. Sam Fink is pretty awesome and I am so glad he tackled this project.
In addition to all that,
Title: George III
Author: Christopher Hibbert
I’ve been plucking through a biography of King George III for awhile now. It’s been loitering on my TBR pile and periodically I get the bug to read a chapter or two.
I am no where near finished reading this book, Hibbert is very detailed but also very dry as a biographer, but I find it a handy reference and do look forward to the times that I decide to sit down with it.
I like having large sweeping views of history as well as the tiny details. Reading through John Adams and peeking here and there at George III this week, I was grateful to have already tackled Napoleon’s Wars recently. It helped me keep straight in my mind what was happening with the French while a few of the Adamses friends were busy getting beheaded. Another handy tool for both children and adults while reading through history is The Time Chart of History of the World
Anakalian Whims 