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December 11, 2016 / 11 Kislev, 5777

Posts Tagged ‘Money’

Money And Parenting: Why Money Is Your Children’s Business

Monday, August 29th, 2016

Why is that person asking us for money at the red light?
Shouldn’t we give our second home to someone who doesn’t have one?
Why don’t we have a second home?
Do you make less money than Daddy?
Are we poor?
Are people without nice clothes lazy?
Will we run out of money now that you have no job?

 

These questions and others were posted on The New York Times website by parents, and answered by Ron Leiber the author of the newspaper’s “Your Money” column. As Leiber points out his bestselling book The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money, children often asks us these questions and we tell them that it’s none of their business.

Leiber disagrees: “We push our children’s money questions aside, sometimes telling them that their queries are impolite, or perhaps worrying that they will call out our own financial hypocrisy and errors. Sometimes we respond defensively and viscerally, barking back, ‘None of your business,’ unintentionally teaching our children that the topic is off limits despite its obvious importance. Others want to protect their children from a topic many of us find stressful or baffling: Can’t we keep them innocent of all of this money stuff for just a little bit longer? But shielding children from the realities of everyday financial life makes little sense anymore, given the responsibilities their generation will face…”

In reality, Leiber says, we do our children a disservice by not sharing our finances with them. They do not learn how to spend, save, or give to other people because we have not shared with them our methods and thoughts about these processes. Instead of shielding them from money issues, we force them into ignorance that will ultimately harm them later in life. Psychologist Madeline Levine argues a similar point in her book Teach Your Children Well: Why Values and Coping Skills Matter More Than Grades, Trophies, or “Fat Envelopes.” Levine says a society that is focused on chasing success (often financial) leads to children who lack self-esteem and experience themselves as failures.

This is of course the opposite of what the modern parenting movement is after – we want to raise happy, grounded, resilient children. And, according to Leiber and Levine, having open conversations about money is part of that parenting technique. Leiber suggests six steps for changing the conversations we have with children about money.

Give your children an allowance and ensure that they have a regular place to put it (a wallet, jar, or bank account are all fine). The amount of the allowance does not matter much. However, what is crucial is that the money is divided into three categories: Spend, Save, and Give. As grown-ups, we think about our money in this way, so it’s important to begin the conversation with our children. Explain to your child what percentage you spend on things the family needs (or wants), how much you save for the future, and how much you give to tzedakah. Your child can decide what percentage he or she would like to give, but making a decision and sticking to it is the first part of financial intelligence.

Family conversations. Don’t shut children out; tell them how you make financial decisions so that they can learn about tradeoffs. Maybe you just did a renovation, so that means you won’t be taking a vacation this year. Or, maybe the afterschool activity they are doing means that they have to choose a different summer camp to attend. Your income and expenses affect them and they can learn from being part of the conversation.

Draw a line between wants and needs. Explain why certain things are wants in your family, but might be needs in another and vice versa. This can help your children (and you) define exactly what things are most important to you.

Keep track of the spend, save, give tallies and have discussions after about how they feel. Maybe they wish they had spent less or maybe they were really happy with giving, but would prefer a different tzedakah next time. These conversations keep them accountable and teach them about smart spending.

Find someone you admire in terms of his or her spending, saving, and giving. Talk to him or her about the decisions he or she makes. How does he or she keep emotions in check around financial matters?

Don’t shy away from financial conversations in the future (but obviously keep the anxiety out of the conversation). In fact, keep the dialogue going in your household. In the long-term, your children will be better prepared for their financial futures.

On her end, Levine suggests a slightly different course. “There comes a point in parenting,” she writes, “where we must decide whether to maintain the status quo or, armed with new information, choose a different course. There is little question that our children are living in a world that is not simply oblivious to their needs, but is actually damaging them.” What Levine argues for is a reevaluation of our parenting techniques, ones that are not solely focused on success and finances, but are instead focused on empathy and self-esteem. Perhaps Leiber and Levine can work hand-in-hand, we can build empathy and self-esteem through transparency about our own successes and failures. Leiber would argue that we should start that conversation right now.

Rifka Schonfeld

The Aaron Katsman Show – A Summer of Aliyah [audio]

Monday, August 22nd, 2016

With thousands of newly minted Olim having just moved to Israel, Aaron gives some tips on how make it financially in Israel.

If you have any question, email aaron@lighthousecapital.co.il.

Aaron Katsman Show 22Aug – PODCAST

Israel News Talk Radio

Israel Cares About PA Arabs More Than Their Own Leaders [video]

Friday, August 12th, 2016

Citizens of the Palestinian Authority are living with a leadership that cares less for their welfare than does the Israeli government, according to Israeli Prime Minister Benjamin Netanyahu.

“I, the Prime Minister of Israel, care more about Palestinians than their own leaders do,” Netanyahu said in his latest video message.

For that matter, “Israel cares more about Palestinians than their own leaders do,” he underlined.

“That sounds incredible, right? But consider the following: A few days ago, the world learned that Hamas, the terrorist organization that rules Gaza, stole millions of dollars from humanitarian organizations like World Vision and the United Nations.

“Innocent and impoverished Palestinians were denied vital aid supplied from nations around the world,” he pointed out.

“Hamas used this stolen money to build a war machine to murder Jews.”

Hana Levi Julian

UN Special Envoy Calls for Immediate Halt of Aid Money to Gaza

Thursday, August 11th, 2016

United Nations Special Envoy Laurie Cardoza-Moore has called on all international humanitarian organizations to immediately halt all aid money to Gaza until it can be proven that the money isn’t being squandered by Hamas. Her statement came hours after a UN employee in Gaza was indicted for funneling charity donations to pay for Hamas naval units and days after the director of the Evangelical World Vision charity in Gaza was accused of diverting as much as $50M in charitable donations to the Islamist terror group.

Cardoza-Moore who represents the World Council of Independent Christian Churches (WCICC) at the United Nations and is President of the Evangelical Christian organization “Proclaiming Justice to the Nations” (PJTN) stated: “The enemy of the people of Gaza is Hamas, not Israel. Hamas has hijacked the coastal strip and rules over its people with an iron fist. For decades, the leadership of Hamas has robbed its people of aid money. The time has come to halt all aid money into the Gaza Strip as long as Hamas is in control.“

She continued: “If the international community wants to help the impoverished people of Gaza, they must work to free them from Hamas. It is unacceptable that hundreds of millions of dollars are likely being directly transferred to the coffers of an international terrorist organization in the name of Christianity and humanity. No Church or humanitarian organization should send a single cent to Gaza as long as it is run by a band of murderous terrorist bandits.”

Cardoza-Moore contacted World Vision last week to find out how an Evangelical Christian organization could hire a Hamas terrorist sympathizer to distribute aid money — but to date she has not received a response. In addition she has lodged a formal complaint with the United Nations Development Program (UNDP) and demanded that they immediately stop distributing aid to Gaza.

PJTN, a not-for-profit organization, was established to educate Christians about their Biblical responsibility to stand with their Jewish brethren and Israel, utilizing powerful film and video presentations, a variety of grassroots rallies, events and speaking engagements to facilitate dialogue between the Christian and Jewish communities in support of the State of Israel and against global genocidal anti-Semitism.

David Israel

The Aaron Katsman Show – Should You Spend Money Now or Later? [audio]

Tuesday, August 2nd, 2016

In this week’s show, Aaron gives you permission to spend money! Of course, there is one caveat: that you actually have the money to spend. He also gives tips to millennials on the importance of starting to invest. Finally, Aaron begs listeners to start an emergency fund.

For any questions, email Aaron at aaron@lighthousecapital.co.il.

Aaron Katsman Show 01Aug- PODCAST

Israel News Talk Radio

Israel to Deduct Terrorist Payments from Tax Transfers to Palestinian Authority

Friday, July 1st, 2016

Prime Minister Benjamin Netanyahu has found a way to end Israel’s part in helping the Palestinian Authority pay Arab terrorists to murder innocent people.

The prime minister ordered the government Friday to deduct Palestinian Authority payments to terrorists and their families from tax revenues collected by Israel and transferred to Ramallah coffers.

The Palestinian Authority transfers the funds to terrorists by various laundering methods, Netanyahu noted; the more severe the acts of terrorism, the greater the amount of funds.

“Encouragement of terrorism by the Palestinian leadership, in the form of incitement and payments, constitutes an incentive to murder,” the prime minister said.

The move comes in addition to action on the ground by IDF troops and security personnel.

Israeli soldiers encircled and sealed off the city of Hebron late Friday afternoon following a terror attack on a Jewish family from nearby Otniel. A general closure was subsequently indefinitely imposed by the IDF on Hebron and its surrounding Arab villages.

The drive-by shooting at around 3:30 pm Friday afternoon (July 1) took the life of the head of the Otniel Yeshiva, Rabbi Miki Mark. The rabbi’s wife and two teenage children were also wounded in the attack, which took occurred on Route 60 a few minutes south of Hebron, near the Arab village of Samua.

Earlier in the day a female Arab terrorist tried to attack IDF soldiers in Hebron, but was shot and killed before she was able to succeed in the attempt.

The wannabe terrorist was the cousin of the 19-year-old killer who murdered an eighth grade girl in Kiryat Arba just a day earlier. Hallel Yaffa Ariel, 13, was sleeping in her bed at home at 8:44 am when the teenage terrorist climbed through her window and stabbed her dozens of times, her blood spraying all over her room.

The killer, a resident of the nearby Arab village of Bani Naim, had indeed been spotted on the community’s security cameras as he infiltrated the security fence perimeter. But by the time the local Rapid Response Team arrived to stop him, it was too late.

A member of the security force was stabbed and also struck by friendly fire in the struggle to apprehend the killer. He is currently hospitalized in serious condition in the ICU at a Jerusalem hospital. The terrorist is dead.

Hana Levi Julian

FM Kahlon Tussles With Netanyahu Over Casinos in Eilat

Tuesday, June 14th, 2016

Kulanu party chairman and Finance Minister Moshe Kahlon apparently is teaming up with Bayit Yehudi chairman and Education Minister Naftali Bennett in a minor political brawl against Prime Minister Benjamin Netanyahu.

The argument is over funding, as usual – this time, a plan to open a casino in Eilat.

In the past Kahlon has sidestepped the issue altogether by saying, “Everyone knows there will not be a casino here.”

The Finance Ministry has taken steps to block gambling activities that target Israelis and others who have low incomes and difficulty walking away from their hopes for easy money.

“Last week we decided to put an end to slot machines and horse races – gambling activities that ruin families. These machines are placed in poor neighborhoods to sell them illusions and hopes while taking money out of their pockets,” Kahlon said, according to the Globes business news site.

“Sadly, this has been going on since 2003 – it has been talked about for years and we decided to take action; soon we’ll remove them, and Mifal HaPayis can scrap them as far as I’m concerned.”

Meanwhile, Netanyahu appointed Tourism Minister Yariv Levin to head a commission to look into the possibility of developing a gambling spot in the southern resort city.

But Kahlon told journalists at the start of the Kulanu faction meeting in the Knesset on Monday: “The State of Israel does not need casinos. It needs to provide education, values, and jobs – not a casino.”

Hana Levi Julian

Printed from: http://www.jewishpress.com/news/breaking-news/fm-kahlon-tussles-with-netanyahu-over-casinos-in-eilat/2016/06/14/

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