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  • Movies That Teach Kids About Money

    Are you searching for an entertaining and interesting way to introduce your children to the concept of money? Look no further than your preferred streaming service! There are a plethora of movies available that can initiate conversations about the significance of saving, spending, and working hard. As an Amazon Associate , I earn from qualifying purchases. Movies That Teach Kids About Money For Younger Viewers (Ages 5-9) For Older Kids (Ages 10-12) For Tweens and Teens (Ages 12-17) Tips for Using Movies to Teach Kids About Money For Younger Viewers (Ages 5-9): Disney's Robin Hood : The central theme of Robin Hood revolves around wealth redistribution. Prince John's excessive taxation leaves the people of Nottingham struggling. In this thrilling adventure, Robin Hood disrupts this system by stealing from the rich (represented by Prince John) and giving back to the poor townspeople. This movie directly addresses issues of income inequality and the burden of taxes. The Muppet Christmas Carol : Scrooge McDuck's obsession with wealth offers a cautionary tale about the dangers of greed and the importance of generosity. Scrooge's obsession with wealth blinds him to the joy and fulfillment that come from simple things like spending time with loved ones. Scrooge finds through his adventures the importance of finding happiness beyond material possessions. Treasure Planet : Captain Flint: Captain Flint embodies the dangers of greed. His obsession with treasure ultimately leads to his downfall. The events that befall Captain Flint can be a cautionary tale for kids, highlighting the importance of setting realistic goals and avoiding the allure of quick riches. Jim Hawkins: Jim starts out poor and dreams of wealth. Throughout the film, he grapples with the temptation to keep some of the treasure for himself. This struggle presents an opportunity to discuss the difference between needs and wants and the value of honesty over instant gratification. See my feature in Yahoo! Finance: I’m a Personal Finance Coach: Here Are 4 Money Lessons I’m Teaching My Own Children A Little Princess : Sara Crewe starts as a wealthy heiress, showered with expensive clothes and luxuries. Her father's sudden death throws her into poverty, forcing her to adapt to a harsh new reality. Sara's adventure takes place in a boarding school, as she manages her limited resources and learns the importance of budgeting and resourcefulness. The Mitchells vs. the Machines : At its core, The Mitchells vs. the Machines is a story about family bonding. While the Mitchells aren't wealthy, their love and support for each other is ultimately their greatest treasure. Children can learn the importance of building strong relationships that go beyond material wealth. For Older Kids (Ages 10-12): The Secret Millionaire Club : Based on a true story, this heartwarming film follows a group of kids who start an investment club and learn valuable lessons about teamwork, research, and the importance of a long-term perspective. Overall, The Secret Millionaire Club uses humor, adventure, and relatable characters to make financial literacy fun and accessible for children. Charlie and the Chocolate Factory : Willy Wonka's fantastical factory isn't just about chocolate! Even when faced with temptation, Charlie Bucket's honesty and respect offer a valuable lesson about integrity being more important than material possessions. Poverty vs. Wealth The Bucket Family: Charlie's family represents poverty. They barely have enough money for basic necessities, and chocolate is a rare treat. In the movie, you can see this from their leaky house and the cabbage soup they eat, which highlights their struggle. Children will realize the struggle many families face to make ends meet. Willy Wonka: He embodies immense wealth. His extravagant factory and fantastical creations showcase the vast difference between their realities. The factory itself becomes a symbol of the vast gulf between Charlie's world and Wonka's. The factory is a mysterious and closed-off place, highlighting the distance between the wealthy and the poor. Charlie can only dream of the wonders inside until he finds the Golden Ticket. A Kid Called Danger : The movie centers around a young boy, Ethan, who dreams of becoming a detective like his father. He uses his initiative and resourcefulness to start a lemonade stand. Ethan uses the money earned from his lemonade stand to buy supplies for his detective work (e.g., a magnifying glass and a walkie-talkie). The film provides an opportunity to discuss basic money management concepts like spending versus saving and allocating resources for future goals. The Karate Kid :  While not directly about money, The Karate Kid can teach valuable financial lessons when viewed through that lens. The main character, Daniel, learns valuable life lessons from Mr. Miyagi, his karate teacher, including the importance of delayed gratific ation and working hard to achieve your goals. In the movie, Daniel learns karate not through instant results but through consistent effort and discipline under Mr. Miyagi's guidance. The chores Mr. Miyagi gives Daniel, like sanding and waxing cars, can be seen as teaching valuable skills and delayed gratification. Daniel might not see the immediate benefit, but these chores build a work ethic and a sense of accomplishment, transferable to managing finances responsibly. For Tweens and Teens (Ages 12-17): The Blind Side :  This inspiring true story delves into the challenges faced by Michael Oher, a homeless teenager, as he enters the world of college football. The film portrays Michael's journey of learning to manage his newfound wealth responsibly. He receives financial guidance from the Tuohys, his adoptive family, who help him understand the value of money and the importance of making sound financial decisions. The movie is a valuable lesson for teenagers who might soon be handling their own money (e.g., part-time jobs, scholarships, and student loans). The Social Network : This dramatization of Facebook's founding offers a glimpse into the world of startups and venture capitalism. The movie showcases the world of venture capital funding, where startups pitch their ideas to investors in exchange for money and guidance. The film doesn't shy away from showing the negative consequences Zuckerberg faces as Facebook explodes in popularity. This movie can be a conversation starter on entrepreneurship, the risks and rewards of investing, and the ethical considerations involved in building a business. The Perks of Being a Wallflower : Although The Perks of Being a Wallflower doesn't directly address personal finance or budgeting, it subtly explores the pressure teenagers face to keep up with trends. The characters navigate high school social circles where trends and appearances can be important. The movie emphasizes the value of inner worth and self-acceptance over external validation through material possessions. While the main characters appear privileged, the film hints at the underlying financial burdens some families might face. This movie can open discussions about the reality that not everyone has the same financial resources. See my feature in the balance: Conversations To Have Once Your Teen Starts Earning Money Tips for Using Movies to Teach Kids About Money: Watch Together:  Make it a family movie night! Discuss the characters' financial decisions throughout the film. Ask Questions:  Encourage critical thinking. Ask questions like: What could they have done differently? How would you handle that situation? What did the characters learn about money? How can we apply these lessons in our own lives? What are some of your financial goals? Connect to Real Life:  Relate the movie's lessons to your own family's finances. Discuss your budget, saving goals, and responsible spending habits. Movies can be a fantastic way to inspire your kids to learn about financial literacy. With a fun film and some popcorn, you can spark engaging conversations about money matters that will help your children grow into financially responsible adults.

  • House Bill 1347: Changes for Florida Consumer Finance Loans

    Attention Florida borrowers and lenders! House Bill 1347, a new law impacting consumer finance loans, has arrived. This bill amends the Florida Consumer Finance Act, which regulates small loan amounts with higher interest rates. Essentially, it sets the rules of the game for these loans in the state. Whether you're looking for a loan to cover an unexpected expense or offer these types of loans, understanding these changes is crucial. What is House Bill 1347? This new bill amends the Florida Consumer Finance Act, which regulates small loan amounts with higher interest rates. It essentially sets the ground rules for these loans in the state. For more information, check out the video below . What is the Florida Consumer Finance Act (FCFA)? The FCFA protects borrowers and ensures fair lending practices for a specific type of loan: consumer finance loans. These are typically smaller loans, ranging from a few hundred to several thousand dollars, with higher interest rates than traditional bank loans. They can be a helpful tool for people who need quick access to cash but may not qualify for a traditional loan due to factors like credit score or employment history. Critical Changes for Lenders: Increased Opportunity and Responsibility Licensing Requirement:  House Bill 1347 introduces a mandatory licensing requirement for any Florida branch offering consumer finance loans. This ensures lenders meet specific qualifications and operate according to state regulations. If you're a lender, obtaining the proper license is essential to avoid legal issues and continue operating in the state. Increased Interest Rate Caps:  One of the most significant changes for lenders is the increase in maximum allowable interest rates on consumer finance loans. This potentially opens doors for lenders by making these loans more profitable. However, it's important to remember that with increased profitability comes increased responsibility. Lenders must ensure transparency about interest rates and fees, adhere to fair lending practices, and comply with all the provisions outlined in House Bill 1347. See my feature in Yahoo: Black Americans are More Likely to be Denied Credit Breaking Down the New Interest Rate Structure: Impact on Borrowers and Lenders The previous tiered interest rate structure had lower maximums. House Bill 1347 raises these caps, potentially increasing the profitability of these loans for lenders. Here's a simplified breakdown: What This Means for Borrowers: Borrow Smart, Shop Around With these increased maximums, you may now have access to more loan options as a borrower. However, it's crucial to be responsible.  Shop around and compare rates:  Don't settle for the first offer you receive. With potentially more lenders in the market due to the increased caps, you might find a better deal by comparing rates and terms from different lenders. Understand the actual cost of the loan:   Factor in not just the interest rate but also any origination fees or other charges associated with the loan. This will give you a clearer picture of the total cost of borrowing. Borrow only what you can afford to repay:   Consumer finance loans come with high interest rates, so it's essential only to borrow what you can realistically repay within the loan term. Missing payments can damage your credit score and lead to additional fees. See my feature in The Penny Hoarder: How to Get an 800 Credit Score HB 1347: Florida Consumer Finance Loans Moving Forward House Bill 1347 brings significant changes to Florida's consumer finance landscape. Borrowers, be aware of the new interest rates and shop around for the best options. Lenders, ensure you have the proper licensing to operate. Do you have any questions about House Bill 1347 or consumer finance loans in Florida?   Leave a comment below or schedule a time with us , and we'll do our best to answer them! We're also happy to create a future blog post on how to shop around for the best loan options—let us know in the comments if you'd be interested!

  • How to Stop Poor Family Members from Asking for Money

    Sometimes it may seem that everyone has their hand out and is asking you for money. Navigating the delicate balance between family and finances can be challenging. To help you handle these situations, I've gathered 12 expert tips from business owners, life coaches, and HR professionals. From suggesting alternative financial options to setting boundaries and offering support, discover how to effectively communicate with your family members when they ask to borrow money. As an Amazon Affiliate, this post may contain sponsored links. Setting Boundaries for Lending Money to Family Teach Money Management Skills Help Them Explore Income Options Communicate Boundaries Openly Set Lending Limits Be Firm and Empathetic Ask Why They Need the Money Sticky With Honesty Promote Financial Literacy Use Humor to Discourage Requests Share Financial Planning and Limits Let Them Know About Your Financial Situation Offer Support Within Reason Teach Money Management Skills Each of us must learn the power of choices. Family members who ask for money all the time are people who tend to have poor money management skills. They spend their money on what makes them feel good instead of focusing on their needs first. I offer to help them with money management skills. I share that if I give them money, I am hurting them and me. I will share that we can set up a Zoom if they want help with money management. People who see you as an easy way to get money will decline the meeting. The best part is that they will tell the other family members what you said to them. This technique has gotten me off the ask-for-money list quickly. I also make random comments around family members about my borrowing money policy. It took me years to learn this. Now, I get hints for money, but not direct asks. Now I have money for the spa and vacations! Beth Smith, Life Coach and Owner, Thriving With Resilience Alternative Ways of Teaching So, what if your family doesn't want to hear your advice? Recommend a self-help book that can help them learn how to manage their finances. I Will Teach You to Be Rich: No Guilt. No Excuses, can help them learn the basics of money management in a few short weeks. You can let them know that you read the book and that it's helped you manage your finances successfully and that it can also benefit them. Help Them Explore Income Options Instead of just saying no, offer to help out in other ways. If they are always borrowing because they're jobless, offer to help them look for a job or assign tasks to help them earn money. If they need money for groceries, you can donate some of your groceries or offer to buy some groceries for them to get them to their next paycheck. Most importantly, suggest possible ways to make more money, such as establishing side hustles, finding cheaper alternatives, and exploring additional job opportunities. You can also impart some of your financial wisdom and point them in the right direction for budgeting and money management. Gary Gray, CFO, CouponChief.com Communicate Boundaries Openly If your loved one keeps asking you to borrow money, take a deep breath. You can handle this. The best way to handle it is to have an honest conversation. Tell them how it makes you feel and why. Tell them that it makes you uncomfortable or that they may not pay you back. Be clear about your boundaries, and be willing to listen to theirs. Then, come to an agreement and decide together what you can do to help each other out financially. You can set up a payment plan or agree to pay back the money within a certain amount of time. Whatever you decide, make sure that you both understand the agreement and are comfortable with it. Matthew Ramirez, Founder, USMLE Test Prep There are times when you can say yes and times when you just have to say no and stay firm on your decision. When to Say Yes, How to Say No To Take Control of Your Life can help you learn how to set boundaries and say no more often. I've used this book when setting boundaries at work and in my personal life. It's helped me to gain mental clarity and to learn not to overextend myself or my finances. See my feature in Breaking the Stigma: Getting Comfortable Talking About Money Set Lending Limits Talking about finances with family members can be difficult. However, it's important to establish clear boundaries with your family members, particularly if someone is asking you for endless financial support. I suggest that you outline what you can help with and what you're unwilling to do. For example, you can offer forms of non-financial support if you feel comfortable doing so. This could include helping your family member improve their resume or search for a new job. Alternatively, you could have them over for dinner or take the time to ask them how they're doing. The key is to then set a rigid boundary for giving money. This could look like this: "I can support you in your job search and be there for you when you need me, but I don't feel comfortable lending you money." You don't have to apologize or provide additional justification. And this type of answer still provides support and assistance without requiring monetary assistance. Tom Blake, Founder, This Online World Be Firm and Empathetic It can be uncomfortable when family members continuously ask to borrow money. To handle this situation, take a firm but empathetic approach. Start by setting clear boundaries and communicating your financial situation. Tell them you have financial goals and priorities you must adhere to. Offer to help them in non-financial ways, such as guiding them in their financial journey or helping them find resources for financial assistance. Remember, it's okay to say no and prioritize your finances. Jefferson McCall, Co-founder and HR Head, TechBullish Ask Why They Need the Money Asking your family members why they need the money they are constantly asking for can create a dialogue for open conversation. Your family member may respond and let you know they are going through a financial hardship and require your assistance to bridge the gap until they can cover their expenses. On the other hand, your family member may not have an answer and may constantly ask you for money because you openly provide it to them. Whatever the response is that you receive, establish boundaries around continually supporting your family members financially. This is especially important if lending money to your family is causing a financial strain on your finances. Asking them why they need your support can uncover other underlying issues or concerns. You can be that resource that can help them reduce the need to borrow money and get them on the right track financially by having wealth-building conversations. Annette Harris, Owner, Harris Financial Coaching Stick With Honesty As uncomfortable as it will be, being honest and direct is the only way to deal with family members asking to borrow money. Something simple and honest can look like, "I'm sorry, but I'm not able to lend you money right now. I know I did before, but if I keep doing this, I'll be in a bad spot financially." If they are a good family member, they should not pressure you to burden yourself with their financial troubles after it is clarified that it will be problematic for you. Even though something along those lines is a respectful response, it's possible that family members will respond with anger or spite. This will hurt, but you have to stick to your boundaries—if you cave now, you will only have to face the same decision and problem again later. Instead, work with family members to find alternative ways to support them, such as helping them look for other sources of financial assistance. Khamani Murphy, Social Media Marketing, Achievable Promote Financial Literacy When family members ask you to borrow money, staying firm within your boundaries is hard. An uncommon response could be to remind them of the importance of financial literacy and offer to help set up a budget they can stick to. Financial literacy means understanding personal finances, such as how much one earns, spends, saves, invests, and gives away. By helping a family member create an effective budget that incorporates all aspects of financial health, you are allowing them to make more informed decisions about their funds over time. This could prove invaluable in establishing better spending habits and allowing greater financial security for your loved ones in the future. Julia Kelly, Managing Partner, Rigits Use Humor to Discourage Requests To discourage family members from asking you for money, complain about it constantly. Whenever you see them, always mention how expensive something is or you can't wait for payday. Illustrating you are short on cash as a preemptive measure works much better than having to think of an excuse on the spot if they ask you for money. Your mention of money, or lack thereof, should discourage anyone, especially family members, from adding to your woes. Or better still, ask them first. Nobody has ever responded to a "Can I borrow money" question by asking to borrow money back! Aiden Higgins, Senior Editor and Writer, The Broke Backpacker Share Financial Planning and Limits One helpful way to respond to family members' requests for borrowing money is to explain your financial plan and boundaries. Share with them that you have set a clear budget for yourself to be financially responsible and maintain stability. Let them know that this plan includes a limit on the amount allocated for lending money to others, ensuring that you can meet your and your immediate family's financial needs. By explaining your financial planning and priorities, you showcase your fiscal responsibility and encourage them to adopt a similar approach while setting clear boundaries on lending money. Basana Saha, Founder, KidsCareIdeas Let Them Know About Your Financial Situation When your family members ask to borrow money, it's important to communicate clear boundaries to prevent misunderstandings or strained relationships. Be honest and straightforward about your financial situation and set a specific limit on what you are able and willing to lend. Also, suggest alternative solutions such as creating a budget or seeking the aid of a financial counselor or support group. Remember that saying no doesn't make you a bad person or a bad family member. It's a powerful act of self-respect and self-care. Tarun Saha, Co-founder and CEO, StallionZo Offer Support Within Reason Explain to the family member that you are uncomfortable lending them money and inquire if there are other non-financial ways you can support them. For instance, you could say, "I'm not entirely comfortable loaning you any money. Are there other ways I can support you?" This way, you can set clear boundaries with the concerned family member while still coming off as supportive and empathetic to their struggles. Dr. Willy Portier, Co-founder, Concerty What's Next? Offering guidance on managing household finances can benefit individuals and families alike. To ensure financial stability, it is important to prioritize and budget your expenses when family members seek your financial support. Advise them to seek professional advice or financial aid services to help them manage their finances and achieve their goals. Taking proactive measures towards financial management and preparing yourself for these situations can reduce stress and establish a secure financial future for yourself and your loved ones.

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  • Mission & Values | Harris Financial Coaching

    Mission & Values To improve financial literacy, foster financial stability, and empower individuals. To educate and empower individuals to achieve financial stability that will allow them to reduce debt and build wealth through education and goal setting. At Harris Financial Coaching, we want to be the leading resource for financial education by fostering economic stability and sound financial decision-making. My Values I value family overall. I believe that family relationships should be honest, courageous, model patience, add value to the world, and focus on never giving up. I find fulfillment in sharing my talents and abilities with others. Through volunteer efforts and by providing knowledge on topics that may be vague is an overall goal that I strive for while working together. Making and keeping promises to one's self and others develops trustworthy and caring relationships. I am consistent with my actions and evaluate choices of greater value in relationship building or the greater good. Relationships are built on mutual respect for others' thoughts and feelings. I am committed to respecting the point of view of others and their belief systems. We all have different values that make us unique, and that should be celebrated. Find out more about Annette Rest assured that all conversations are strictly confidential and will not be disclosed to anyone. I will maintain the highest level of confidentiality in all our interactions.

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  • Wealth Building Coach | Harris Financial Coaching | Jacksonville

    Your Path To Financial Freedom Starts Here Welcome to Harris Financial Coaching! We believe that financial freedom is achievable for everyone. With our expert guidance and personalized approach, we help you take control of your finances and achieve your goals. ​ Contact us today to learn how we can help you achieve your financial goals and embark on your financial independence and success journey. Let's Chat! As Seen In Our Services Military Benefits As a military veteran, I understand the challenges of retirement, disability, and transitioning to civilian life. Let's work together to ensure you're prepared and can make informed decisions. Retirement How will you spend your retirement? Do you value tranquility, adventure, culture, or community? Let's envision your retirement together. Budgeting Managing a family budget can be stressful and overwhelming. Learn how to alleviate money-related anxiety and improve your family's financial well-being. Credit Management Let's talk about how to reduce your credit card spending. If you're constantly maxed out and using credit to pay for groceries, it's time to take control of the situation. Wealth Building Focusing on the positive aspects of your life and your future aspirations is important. Have you considered tracking your monthly expenses and creating a financial plan for the future? Imagine the possibilities of achieving financial independence together. Career Coaching Do you want to progress in your career but are uncertain what steps to take? Do you need further education, interview practice, a resume revamp, or are you transitioning from military service? Seize control of your career and income today! Unlock Your Future Check out the Blog Financial strategies, resources, and tactics for success. Read More Annette Harris Budgeting for Beginners: A Step-by-Step Guide to Get Started Managing your finances and achieving your financial goals can be made easier through budgeting, which involves planning how to spend your mo 69 views Annette Harris What Financial Coaching Won't Do: It Won't Make You Rich Overnight What won't financial coaching do? I get many questions regarding what a financial coach can and cannot do for clients. 44 views Annette Harris The Benefits of Financial Coaching for Couples - For the Love of Money Have you struggled with talking with your partner about finances? Here are a few ways that working with a financial coach can help. 164 views Read More

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