Press

This article discusses key money lessons for Teens before going to college.  In it, Michael Martin discusses “three important elements, and the basic understanding money, debt, and compound interest.”  He also encourages thrifty living for teens, and avoiding temptation for the latest/greatest gadgets.  He states that “They need to know an iPhone 5 is pretty good and that they really don't need an iPhone 7."    Finally, Martin encourages teaching teens the concept of saving, but adds, "Teens should not be forced to save. As soon as you control with a fist, you lose respect. Why not sweeten the pot instead?"  Martin encourages parents to give their kids some – what he calls, “COOL – Cash Out Of Love, for their efforts to save.”