Paul W. Lermitte, Family Business Specialist
Serving multi-generation families in business
Just before the end of the Christmas holidays, Paul got a chance to talk to Mike Smyth, guest host of the Simi Sara show on CKNW, about using the New Year to boost our efforts to teach our children great financial skills. To hear this six-minute segment, you have three choices! Not sure which you … [Read the Rest …]
On the first day back to work and school after the Christmas break for many Canadians, Paul Lermitte was invited to be a guest on Rick Cluff’s Early Edition show on CBC Radio. He asked Paul some great questions, such as about whether or not to link allowances to chores, how old should a child … [Read the Rest …]
In this blog written especially for parents of twins, writer Christina Tinglof grapples not only with the question of *should* twins be given an allowance, but also with the related question of how much involvement should a parent have in a child’s spending decisions with that allowance. She refers to Paul’s advice to help her … [Read the Rest …]
Here’s a brief excerpt from Chapter One (The Allowance Contract) of Book One (Allowances, Dollars and Sense, 2011 edition) by Paul W. Lermitte: In most cases, parents answer their questions about allowance by drawing on their own experiences. They say: “When I was her age, I got 25 cents a week for allowance, and it was … [Read the Rest …]
In preparing his own books, Paul has done a lot of reading of what others have to say! Here are some of his favourites, books he recommends that are written especially for children (mostly those under age 12) who want to learn more about saving and growing their piggy bank, or whose parents want … [Read the Rest …]
Here are some books that Paul recommends for adults who want to explore the topic of financial literacy further. These titles are written for parents, with tips and advice on how to teach their children this important life skill. We have provided you with direct links to these titles in the Amazon store online. PS: … [Read the Rest …]
Many thank to Zanetta Rogers for sharing Paul’s advice through her blog, ZanettaRogers.com! Here’s a link to her article, published October 30, 2011. http://zanettarogers.com/teaching-kids-financial-skills
You let go when you taught them to ride a bike. Why are money issues harder?
Teaching Your Children About Money, Ebony, (October, 2000) — http://findarticles.com/p/articles/mi_m1077/is_12_55/ai_65572094/
