Passage to Profit recently had Karen Tenenbaum, Esq. our founder at Money Masters, Inc. talk about our mission, future goals and story for Walter the Vault! Watch Karen’s interview below:
Ever wonder how toys and games were created or how to make it in the business of child’s play? For years, the inventors have stayed out of the public eye! But now it’s time to meet the new toy inventors on the block. Through this free web series, The Toy Museum of NY and Toy Museum TV is letting the world in on who is behind the newest toys and games of our generation through a set of exclusive interviews conducted at The American International Toy Fair in 2020.
Not sure how or when to have the “money talk” with your kids? Come hear our team from Money Masters, Inc. and Walter the Vault speak about the importance of children’s financial literacy.
Saturday, October 13, 2018
Freeport Memorial Library
114 W. Merrick Road | Freeport, NY, 11520
Money affects everyone regardless of age. The worry increases with age as bills and responsibility change over time. However, according to the Long Island-based financial advisors, Money Masters, Inc., conversations about money should start at an early age.
“Our goal is to raise children that grow into prosperous adults who have a healthy relationship with money,” said Richard Weinstein, co-founder of Money Masters. “We want them to have money literacy.”
On Jan. 22, the Freeport Memorial Library welcomed Weinstein to the monthly Financially Fit workshop to tackle the question, “How do parents talk to their children about money?”
Freeporters interested in mastering the sticky world of finances, while learning new ways to have conversations with their kids attended the workshop in hopes of tapping into new resources.
“I don’t think people see the need for this, but this is starting to be a topic of discussion,” Weinstein added. “Parents are reluctant to talk to the children about money because they don’t feel comfortable. It’s a void and we’re trying to fill that void.“
Weinstein is a business owner of a New York City-based electrical contracting firm for over 30 years walked, parents and grandparents, through different steps they could raise money-smart kids. Through the workshop, Weinstein introduced Walter the Vault, a cartoon character he created in efforts to help children better understand the fundamentals of money.
On the Money Masters’ website, walterthevault.com,Walter the Vault stars in a collection of games, coloring pages, puzzles and spending charts centered around spending, saving, budgeting, financial goals and earning.
According to Claire Lynch, vice president of business development at Money Masters, parents should start conversations with children at a young age in efforts to start developing a healthy relationship into adulthood. An approximate, 72 percent of parents say they’re reluctant to talk to their children about money, says Weinstein.
“It is overwhelming for parents to explain fiancés to their kids. We hope our guide can help answer parents answer their kid’s questions,” Lynch said.
Weinstein recommends parents to find ways they can teach the children how to earn money around the house by assigning chores or even shoveling snow. Another suggestion was to give the children a weekly allowance. However, the most important thing to do, says Weinstein, is to keep track of the money and store it in a safe place.
“You wake up in the morning you plan out your work day and health day,” Weinstein said. “You should put that same emphasis in your planning your financial day — what am I going to spend, earn, save or donate.”
Alex Brands® and Money Masters, Inc. Partner to Promote Financial Literacy for Children
Melville, NY, June 2017: Money Masters, Inc. has partnered with toy company Alex Brands® and developed a 16-page financial literacy booklet for distribution with a new financial literacy toy collection called Brainy Bucks™. The toy company is launching Brainy Bucks as a replacement of their previous toy brand, Zillionz™.
Money Masters, Inc. was contacted by Alex Brands to write a financial literacy booklet, which will be included in Alex Brands’ new packaging. The Money Masters™ booklets contain engaging financial content consisting of money advice, the history of money, fun activities, an allowance chart, and more for both kids and parents.
Karen Tenenbaum, cofounder of Money Masters, Inc. states, “I’m excited to bring a financial education component to Alex Brands new product line. Learning about money: how to save it, how to spend it, how to invest and donate it, at a young age, is critical to financial success as adults. We want kids to start young and Money Masters makes it fun.”
Taking place every year in New York, the Toy Industry Association’s Toy Fair, consists of play designers, toy innovators and industry catalysts. This event is key for any toy manufacturer or distributor aiming or continuing to be a part of the $26 billion dollar US toy market. Alex Brands launched their new Brainy Bucks line, highlighting the Money Masters’ booklet, at this year’s Toy Fair. Money Masters, Inc. and Alex Brands were highlighted in Toy Fair Trend Analysis in the Educational Fun category in WGSN, a marketing and trend analysis company.
About Alex Brands
The Alex Brands® family of brands is comprised of some of the most iconic, recognizable and award winning toys in the industry today. With a commitment to helping children become more active and develop their imagination and creativity, Alex Brands offers toys for children of all ages. Brands include Alex Toys®, POOF®, Slinky®, Ideal®, Backyard Safari®, Buzz Bee Toys®, Scientific Explorer® and Shrinky Dinks®. Through their corporate contribution program, Alex Brands Cares™, they have created meaningful partnerships that brighten children’s days through play, and to give back to communities locally and nationwide. For more information, visit www.alexbrands.com.
About Money Masters, Inc.
Money Masters, Inc. brings the fun to financial literacy using the lovable animated character named Walter the Vault®. Walter the Vault® teaches children to become “Money Masters™” to make wise decisions about money. As “Money Masters™,” children will learn how to save and spend responsibly, invest wisely, set written goals and make financially enriching choices while having fun through games, puzzles, music, activities and more. It is vital that children start learning the importance of financial literacy at a young age. For more information visit www.walterthevault.com or e–mail firstname.lastname@example.org.
Money Masters Inc.
534 Broadhollow Road
Melville, NY, 11747
Money Masters Inc. Releases New Innovative Website
Melville, NY, May 2017: Money Masters, Inc. released a new website for Walter the Vault with eye-catching graphics, catchy songs and fun activities. The new website, http://www.walterthevault.com, combines fun with financial literacy.
Walter the Vault is an animated character who teaches children about money and finance in an engaging way through songs, poems, activities, coloring pages, puzzles and games. Parents can learn about financial literacy and how to incorporate these tips to teach their little ones to save, invest, donate and spend wisely. Co-founder, Karen Tenenbaum says, “I have seen people in financial distress and I realized we have to teach children about money so the next generation can make wise financial decisions. The key is to start young and make it fun.”
Money Masters, Inc. expects to experience an increase in Walter the Vault’s following on their Facebook page and website due to more enriching content. In addition to information about financial literacy, you can listen to Walter the Vault’s songs, purchase activity booklets, utilize interactive coloring sheets and word searches, play Walter’s memory match game, and read blog posts about current issues within the world of finance.
About Money Masters, Inc.
Money Masters, Inc. brings the fun to financial literacy using the lovable animated character named Walter the Vault. Walter the Vault teaches children to become “Money Masters” to make wise decisions about money. As “Money Masters,” they will learn how to save and spend responsibly, invest wisely, set written goals and make financially enriching choices while having fun through games, puzzles, music, activities and more. It is vital that children start learning the importance of financial literacy at a young age.
“April is Financial Literacy Month. And studies show we need it more than ever, with as many as two thirds of American adults unable to answer basic financial questions.”
Money Masters, Inc.
534 Broadhollow Road
Melville, NY, 11747
Alex Brands and Money Masters, Inc. Partner Together to Promote Youth Financial Literacy
Melville, NY, April 2017: Money Masters, Inc. partnered with toy company Alex Brands and developed a 16-page financial literacy booklet for distribution with Alex Products. The toy company re-launched their financial literacy toy collection called Brainy Bucks, which is replacing their previous toy collection, Zillionz.
Money Masters, Inc. was contacted by Alex Brands to write a financial literacy booklet, which will be formally included in Alex Brands’ new toy boxes. The financial booklets include the history of money, fun activities, money advice, an allowance chart, and other engaging financial content.
The Nassau County Chapter of the New York State Society of Certified Public Accountants plans to conduct a family financial literacy fair next weekend to educate children in kindergarten through fifth grades on the importance of saving money.
The fair will be held at the YES Community Counseling Center at 152 Center Lane in Levittown on Saturday from 10 a.m. and 2 p.m. READ MORE
WIT member, Karen Tenenbaum and Walter the Vault, participated in a Family Financial Literacy Fair hosted by the NYS Society of CPAs, Nassau Chapter. Walter the Vault is an animated character that teaches children about money.