MoneyTrack co-host Pam Krueger asked San Francisco residents if they'd rather have... a million dollars right now or a penny that doubled in value everyday for 30 days.  As expected, 90% of people chose the million dollars now option.  BUT is that really the best option? Which would you choose?

If you were one of those 90% you would have made the poorer choice, because you would have short changed yourself by over $5 Million at month-end. Don’t believe me? Look at penny table calculation below. The simple act of doubling your previous day’s investment can rapidly reap huge rewards thanks to the powerful concept known as compounding.

To be able to teach your children about money you should learn all that YOU can. You shouldn't be in debt..... practice what you preach. Do your children think that money grows on trees out back or that you simply have to go to the ATM machine.

Do you want to Teach Your Children About Money? I have found the perfect way to be able to do that.  On this site you can choose from a couple of free gifts. I loved the ebook about allowances... It contained lots of wonderful information.
Teaching Your Children About Money

You can read other articles like this on my blog Kids and Goal Setting, Teaching your children about visualization, goal setting, money and The Law of Attraction