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To: LindyBill who wrote (14189)	1/5/2000 5:05:00 PM
From: Bruce Brown	Respond to of 54805

OT - I've read the book as well (Millionaire Ne$t Door). My kids are only 4 and 6, yet are well on their way to doing just fine in their portfolios. I agree, Lindy - take care of your kids. My kids get their weekly $2 allowance of which 10 percent goes into a jar marked 'Investment Funds'. They religiously put their 10 percent each week into the jar and are aware of the bulls and the bears and that they have investments. The rest of the money they put in their piggy banks and can use it to buy toys once they have saved enough for something they have their eye on. They are not allowed to borrow money to make up for any difference if they don't have enough saved up for the item in question. (Not to worry, we buy them plenty of toys. This is just an excercise we are using as training.) Not that this is rocket science, but my hope is that although they are still young, the routine of 10 percent of their "pay" going into a savings plan and not being able to spend more than they have in their piggy banks will stick with them over the years. Time will tell. Outside of that, there are many things in that Millionaire book that give reason for pause. When you know what the power of a thousand or five thousand bucks can do in the market if invested properly over time, one tends to be careful on big ticket items. Teaching children to manage their money wisely will hopefully go a long way towards ensuring their own financial success as adults. BB