As your State Treasurer and a North Dakota taxpayer, I am finding the recent news articles regarding the introduction of a legislative bill to spend dollars from the principal of the Legacy Fund very interesting. I'll say it again, spend a portion of the principal of the fund ... not just the interest. This conversation routinely surfaces, ever since the first deposit was made in September of 2011.
Good financial education needs to start in the home. Parents are the biggest influence on society, and modeling a willingness to discuss finances and seek out helpful resources will encourage children to do the same. Our habits, good or bad, are likely to see themselves repeated in our kids. Showing our children how to work their way into sound financial practices is helpful, no matter where that work begins.
BISMARCK -- In today’s world, mobile technology is everywhere. We use it to check the weather, keep in touch with friends on-the-go and track our favorite sports teams. Millennials have mastered the art of mobile technology. Statistics show 80 to 90 percent of our younger generation use smart devices. Though knowledgeable, they may not realize the valuable financial tools available to them with the click of a button or swipe of a finger. Millennials are all about convenience. Is it easy to understand? Where can I access the best information the quickest?
As a member of the State Historical Board, I am often tasked with reconciling the emotional side of our responsibilities with the financial components of a decision. The purchase of the Lawrence Welk Homestead was another example of that reconciling process. History is emotional. My Grandpa Jack’s purple heart and My Grandpa Clement’s railroad watch are proudly displayed in my home. They are important to me. However, what may be of value and importance to me may not be to another. An artifact worth retaining by one generation may be thrown away by the next.