My daughter’s school follows a method of teaching that helps children to develop mathematical skills  by focusing on their practical applications in life. Instead of memorizing times tables and formulas  – which is the way that I learned math – the children are taught how to use math to solve real life problems. There are plenty of arguments both for and against this type of teaching. While I do see some of its shortcomings, one of the things I am very happy about is that since kindergarten my daughter has worked with money in the classroom, becoming increasingly comfortable with some financial basics that I know will serve her well.

I remember the first time  she was learning the differences between pennies, nickels, dimes and quarters. We would play a game where she would be offered a “trade” and would have to decide if she wanted to make the deal. For example, I might have two dimes and offer to trade them for one of her quarters. It was fascinating to watch how in the beginning she would eagerly make that trade. I could also easily get her to hand over those two dimes for just five pennies. Of course, given her basic understanding of numbers – two was better than one – and five was certainly better than two! Read more »

I arrived this afternoon to pick up my 2-year old from preschool. As I generally do – I hung back in the doorway so I could observe him for a while before he spotted me. He was sitting at a table with a small group of children doing a craft. A little girl next to him was using what seemed to be the only glitter stick and it was obvious that my son was practically desperate to get his hands on it. Like all parents – we’ve tried to encourage the idea of “waiting your turn” and I’m certain his teachers work on this as well. It was incredibly funny and precious to watch as he valiantly struggled to exercise patience. Picture him – eyes glued to the glitter as though willing it to come to him – while sitting on his hands, literally trying to force himself not to reach out and snatch it right out of the fingers of his classmate.

It was wonderful watching him try so hard and as I stood there, I realized that even 35 years later in life, I too struggle to wait – and to let things happen in their own time. As I speak with entrepreneurs, I find that a common ailment amongst us, is patience. We want our efforts to pay off now! We want to see our labor unfold into immediate success. Small business owners often must work months and even years at a time before achieving the goals we’ve set for ourselves. And while it’s not quite as simple as sitting on our hands, we too must find a way to stay the course, even when things take longer than we would like. Read more »

Just being completely honest – the first year I started Abundance Bound was really tough. Like many small business owners, I was so passionate about the work I wanted to do. I was going to help entrepreneurs create success – teaching them to build their businesses on strong financial foundations.

So here’s the thing: I had the very best intentions and absolutely NO customers.

I spun my wheels for months. There’s no question I was working hard. The problem was that I didn’t really know what I was doing. You see – I was an expert at financial education – I wasn’t an expert at marketing and client attraction and all of the elements of building a business that ensure you have a steady stream of prospects who can benefit from your products and services. Read more »

I was watching my 2-year-old son playing this afternoon.  For almost 10 minutes he just ran around in a circle. It wasn’t even a particularly big circle – but round and round he went – showing absolutely no evidence of boredom. In fact, he really seemed to be enjoying himself.

It got me thinking about how often as adults – especially as solo entrepreneurs – that we feel like we’re just running round and round in circles. The problem for us is that it certainly isn’t fun. When we feel like our businesses have stopped growing and like all our hard work is no longer moving us forward, it’s easy to get exhausted and discouraged. Read more »

I really didn’t like having a job.

In the years that I worked for other people, I was so frustrated by the complete lack of control that I had over my life. We all know the drill…showing up and leaving at the same time each day, being told when we can have lunch or take a vacation, trying to look busy even when we’ve finished our work because heaven forbid we should just be able to go home early…

It was a desire for independence that led me to start my first business. I certainly had good intentions and a strong work ethic but I also had absolutely no clue what I was doing. The truth was that I lacked the fundamental understanding of money that was required to keep a business afloat. Once I realized this, I focused on studying with the best financial experts I could find, gaining the financial tools, knowledge and understanding I needed to be a successful entrepreneur. Read more »