Wednesday, January 13, 2010

Work Ethic

Work Ethic.... As a business management consultant, it is one of the most common issues that I hear from business owners when it comes to their employees. They generally say that "he (or she) lacks a good work ethic." That comment is generally followed with "he(or she) has a sense of entitlement." Have you ever been around a co-worker or employee who lacks good work ethic. It can be very frustrating and can sometimes drag you down as well.

One thing is for sure, if we want to turn the economic state of our country around we are going to have to put in some hard work. We are going to have to be living examples of Rule #4 for kids: "I have to work hard and smart to earn more money." We need to explain to our kids what it means to work hard and smart. We need to teach them how to work hard and smart. We also need to show them, by our own actions, what it is to work hard and smart.

Our children are watching us. They are learning from us. We are their super heroes. Please, when you go to work or have to spend that extra hour helping them with their homework, lead by example and work hard and smart.

Sincerely,

Grant Magers
CEO
Moola Monsters, LLC
www.moolamonsters.com

Monday, January 4, 2010

New Years Resolution

Happy 2010. What is your resolution this year? I have talked to a few people who have told me their resolution is to get out of debt. Have you heard that this year? Is it one of your resolutions? My New Years Resolution is to work harder to help parents teach their children about sound economic behavior.

Why is it so hard to get ahead? Why do we always seem to spend more than we have? When we do spend more than we have, the end result is there is nothing left over to save. Their is nothing set aside for emergencies or for retirement. Rule#3 "If you spend too much money then you won't have any money." Simple enough principle right? Yet, so many of us violate this rule every day.

Rule 3# is written to explain a consequence to your children. When my kids want to do something that is going to cost them the rest of their Moola Monsters I always have them quote Rule #3 so they understand what they are about to do. My little guys now save like crazy. Matthew has 100 Moola cards and tries to continuously keep that many around. Michael has about 60. They learned to save based on the consequence of Rule#3.

Good economic behavior can only be taught to children by living the consequences of good and poor choices. Better to do it with Moola Monsters than green backs.


Sincerely,

Grant Magers
CEO
Moola Monsters, LLC
www.moolamonsters.com