This week, my favorite family finance picks are:
Sam highlights three recent vanity stories that are great fodder for meaningful money and values conversations with kids. One interesting discussion angle might be alternative uses for the same amount of money. For example, in the Kanye West and Kim Kardashian case: $750,000 buys four gold plated toilets, and it also buys 75,000 malaria preventing mosquito nets. Hmmm. The Cervantes quote comes to mind: “The gratification of wealth is not found in mere possession or in lavish expenditure, but in its wise application.”
That said, many folks who purchase high end luxury items are also extremely generous and hard working, so Sam’s point about taking care not to pre-judge is a great topic too.
Discuss on FaceBook.