It’s been a long couple weeks here at the MCG Camp so I spent the better part of the Memorial Day Weekend watching T.V., ordering in and seeing if it’s actually possible to double your body weight in one weekend (It is possible).

Monday I was doing some channel surfing and came across a show called “Runs House” which is a reality show based on the current life of Run DMC front man Joseph Simmons AKA: Rev Run

I’m pretty convinced being filthy rich and a celebrity automatically means you’re a little nuts e.g. Paris, Lindsey and Angelina, but the Simmons Family is surprisingly down to earth. I thought they were very well rounded and in my opinion have qualities any parent could learn from.

From what I can tell Rev is a multi-Kabillionaire and buys Lamborghini’s, Private Jets and Rolls Royce’s the way you and I would buy a cup of coffee. Despite their impressive wealth, they're very conscientious about teaching their children the value of a dollar. 

Rev and wife won’t hesitate to remind the children the instant they show disregard for money that it isn't to be taken for granted which I thought was great. Example Here (daddy didnt fill up the debit card)

Here their youngest son Russell broke his game boy in a fit of rage. It only cost about $75.00 but that kid worked his little Nintendo fingers to the bone paying back the money.

In another episode he ruined a pair of pants. Again, Dad “Run” loaned him the money to buy new pants and again he earned every dollar.

Point being, while the Run Children will probably never have to worry about money, the parents still make sure they respect it and I think they did a fantastic job.

I started thinking about our scholastic program and cannot remember ever really being taught much about money and/or credit in school. Come to think of it my parents didn’t teach me about it either.

As a result I learned the hard way – trial and error. I remember learning about photosynthesis, dissecting frogs and ceramics but looking back, I would have benefited a lot more had those classes been about managing my credit.

Why was I forced to learn how to dissect a frog, something I never anticipate doing again but never taught to read my credit report something I’m forced to use daily?

We’re going to start an entire series dedicated to teaching children about money and credit. We would love your input. What do you do with your children to teach them to properly manage their money and credit scores?