Post Archive: Apr 2014
Comments Off on My Sister’s MoneyBags Moment
<img class="alignleft" style="width: 269px; height: 189px;" alt="MoneyBags Moment, Pennies" src="http://moneybagslife best team management apps.com/wp-content/uploads/2014/04/4-20BlogPic-300×238.jpg” width=”300″ height=”238″ />My sister has a rewarding job, as a Foster Care Case Manager working directly with foster kids, but today I got a frustrated text from her asking for some wisdom. Basically, one of her foster kids traded two video games ($50) for a bag of chips ($1) and of course she felt he got a bad deal. Did he? I think he was hungry and negotiated with something that did not meet his primary needs (The Plate Level of the Money Hierarchy Cake – Chapter 7). So for him, it was better to eat than to keep the games.
However, I also see my sister’s concern and desire to help, protect, and nurture him. I told her that this is a cheap mistake. It’s a MoneyBags Moment. She now needs to explain to him that both items have a dollar value and she needs him to understand the dollar amount of each item. A poor trade is one bag of chips ($1) for two video games ($50). A fair trade would be 50 bags of chips ($50), for the two games ($50), a good trade is 60 bags of chips ($60), and an awesome trade would be for a semi-truck full of chips ($1500). The sooner he learns this the better he will be a making deals (Chapter 46- Bartering).
Here is to filling your MoneyBags!