hi, everyone. welcome to "on the money." i'm becky quick. when should you start talking what should you say and the biggest mistakes to avoid? the opioid epidepic, how it's raising the risk in the real estate industr and even if you're not buying or selling, you want to hear about this. plus, clothes, confidence in a gift that really matters. dressing up is more than it seems. >> last year, i was worried about, how am i going to afford a dress? >> a spare $50 million or so, tom hilfiger's dogs. "on the money" starts right now. >> this is "on the money." your money, your life, your future. now,

>> we begin with kids and money. how do you teach them to spend smartly and save wisely? with cash, credit cards, and digital currency, how do kids begin to learning and earning? that's our cover story today. >> my children, my grandchildren. if we give them gifts, put half of it into the bank and buy yourself something wonderful. >> just give them things, they get too spoiled and, you know, it's like, they don't know the value of like when it's handed to me. >> they want, they want, they want but nobody talking about the word to get what you want. >> they should always have an allowance and spend it respectfully. >> i had a good amount every week, so that's how i learned what to spend. i've used that philosophy. children are not necessarily taught but learn from people around them to just go ahead and impulse buy. if you want it, oh, you have the money, get it. they're like, i want to be like

that. we always say, stop and think, do i want it? will i use it? can i afford it, before you buy it. >> we differentiate from wants and needs. things they need, i'll provide for and want, they need to work e buying candy. >> me too. that's a wide range of money wisdom. how do we raise financially literal children? sharon epperson, it's great to have you back here. >> great to be here. >> how early this should start. are we talking about pre-k? >> start as soon as possible. preschool, actually. you can start talking about things like this because my little girl loves to have a candy bar. that's a great time to start talking about, do you need to have that candy bar or just want to have that candy bar? let's talk about how to kind of delay your gratification for getting that candy bar untthe e of the school week or

have dessert after dinner. >> make sure they realize there's not limitless quantities of everything. >> exactly. exy. little to begin with and build your way up, so if you get something at the store, then you may not be able to get anything over the weekend and go out with the family or go see that movie. to wait and want something for a little while. >> what do you do when your kids are in elementary school? ramp up the lessons? >> start talking more about other money lessons so important and how do you spend and how do you save and how do you spend wisely and start talking about comparing prices when you go to the grocery store with your kid. this is why i'm buying this, this is on sale and it's the one you like. it's a lot of this one today but not the more expensi product. this is the time to start thinking about an allowance or some people say paying for chores. my view and a lot of experts i've talked to say when you are paying your kids for chores, that gets into negotiations that may not be something to do. when it comes to allowance, if

to be consistent and that you need to make sure that you set the ground rules for how they're going to attain that, whether t by a dollar for how old they are or another method but just be consistent. >> that's interesting. the idea you don't want an allowance in return for chores because it's a negotiation and you should be doing chores because you're part of the family. >> exactly. exactly, but also a good way for kids to learn about how to manage their money, so as the young woman saidthere, she learned how to do that as a child and now as a young adult, better able to manage her money. >> you've picked up more. maybe you have a real job. >> to start to introduce the idea of, you have certain things, other people might not have what you have. teach them a little bit about the income disparities that are out there. maybe by helping them do some volunteer work or something

>> that's a good idea to got them introduced to that and then in high school, that's where prioritizing and b adults often do well, you sta to teach your child. there are a lot of school activities they're involved in and many may not be free. which ones are you going to do? are you going to pay for your own school lunch or buy your clothes or be one to pay the phone bill or go with friends on the weekend and how are you going to budget for those items? the biggest mistakes when kids and the money? >> not talking about it. the hardest thing is to admit you made a financial mistake but even harder is to discuss it with your important to really talk about money. having those conversations lets them know it's not the value on it because often what they see us do is use a credit card, go online and things appear. it's not magic. there's a value to it. there are intere charg if we're using the

the month. those are things they need to know so they don't happens. >> you think about apple pay and venmo and that's pretty difficult concept for adults sometimes and then things like bitcoin do. you talk to your kids about that? >> i don't talk to my kids about that because a stage, want them to learn the value of money by seeing money. i try to, when i can, use cash. so they see it. the reality, as adults, probably in a more cashless society, so we do need to talk about the value of money and the value of things and you can do that and introduce some of e skeconcepts in digital currency as well. >> i really apprecia it. >> here's a look at what's making news as we head into a new week "on the money." spent more in october than november, but not much. retail sales rose by 0.2% last

retail spending all strong. gasoline fell a slight bit. consumer spending always closely watc makes up more than two-thirds tech heavy nasdaq closed at a new record high on thursday in part because of the house passing its version of tax reform. the dow and s&p 500 rebounded on thursday after ugly days earlier in the week. stock fell though on friday. if you're planning to hit the road for the thanksgiving holiday, there may be even more traffic than you expected. aaa says about 50 million americans will travel 50 miles or more over the holiday. that's 1.6 million people more than last year and to add to the fun, you can expect to pay the highest gas prices since 2014. how would you like to have your signature on a dollar bill? treasury secretary steven mnuchin seems to be posed with the sheet of the new bills this week. this will go into circulation in december. up next, how to

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when you put your house up for u put your trust in a lot of people, realtor, potential plain curious. sometimes, no matter what your realtor does, your property can be at risk and the opioid epidemic is making it even worse. now there's a new technology available that offers what may be a life saving solution. our diana olick has more. >>

job. after all, you're meeting strangers in empty houses but now the risk is even higher due to the nation's opioid crisis. >> when you're talking about potentially opening up access to a home, right, to an environment where prescription drugs may lie right in the medicine cabinet of the house listed for sale, with doing no vetting or checking on an individual and giving them k acce to that house, i think we feed into the crisis with easy access to drugs. >> reporter: riley is ceo of a forewarned, offering real estate firms and licensed agents deep background checks on clients using high level government regulated data from its parent company, cogent. personal information all on desktop or mobile app. it's the kind of thing san antonio realtor janet tisdale wish she had back in 2010. she was hit over the head by an

add tour with her at a $750,000 home. he then held her hostage demanding money. >> i had googled him that day, or not that day but the week prior and i couldn't find anything out about him. so it just made me feel very uncomfortable about him. >> reporter: tisdale convinced him to go to the car to get papers. said would sign a note saying he didn't hurt her and when he did, tisdale ran, found a group of kids who led her to a police officer. >> he held me hostage on the porch for 45 minutes and it was a very scary situation. >> reporteceo said the technology is not about raising a red flag but perhaps a yellow flag, so it's even the basic information a client gives the agent isn't true, the agent will know not to show up at the meeting alone. >> this is proactive rather than reactive, right? so in terms of the yellow

may se running forewarn on an individual, maybe, first of all, the phone number doesn't match the person s are. the more information, the better. >> you never think it's going to happen to you and it does. it can, and it did. >> reporter: more than half of all real estate agents today do carry some weapon of self-defense, the most popular being pepper spray or a gun, but information can be the best defense of all. >> this company sounds like it's targeting licensed real estate tag rig now but could it be used to benefit homeowners down the road? >> reporter: absolutely. ever sin i've gotten lots of calls and e-mails who found electricians, handy men rummaging through the medicine cabinet. the question is about privacy because this is high level data so right now, they're only giving it to licensed

>> something to think about. diana, thank you very much. up next, we're "on the money." addressing a need. how one fashion entrepreneur is paying it forward to help teen girls believe in themselves. and later, you may know tommy hilfiger from his fashion line [burke] at farmers, we've seen almost everything so we know how to cover almost anything. even a "red-hot mascot." [mascot] hey-oooo! whoop, whoop! [crowd 1] hey, you're on fire! [mascot] you bet i am! [crowd 2] dude, you're on fire! [mascot] oh, yeah! [crowd 3] no, you're on fire! look behind you. [mascot] i'm cool. i'm cool. [burke] that's one way to fire up the crowd. but we covered it. talk to farmers. we know a thing or two because we've seen a thing or two. ♪ we are farmers. bum-pa-dum, bum-bum-bum-bum ♪ throughout my career, i've been fortunate enough to travel to many interesting places. i've always wanted to create those experiences for others.

the host. when you have the right financial advisor, life can be brilliant. ameriprise

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dance, holiday party or a prom, finding the perfect dress can be expensive and often impossible task for low income girls and families. believe in yourself holding events around the country with new never worn dresses to girls in need. we went to one of the events at the boys and gir club in hyo boeken, new jersey, and let's just say, the girls were pretty happy. >> let's go. see who goes first. >> believe in yourself is the brain child of an entrepreneur who's been in the fashion world for nearly a decade. >> if you can't find your size, we can next week. >> he wanted t back to promote healthy self-esteem and >> some of the girls are from single homes whose mother is struggling, so it's a big deal for quite a few and then some, they're used to wearing dresses. so to be a fancy type of dress, it's

choose and pick. >> i know me, myself, the problem last year, really worried about it. $300 a dress. really crazy. and i like that they just give away to some people who maybe don't have them. >> along with dresses, the event provides mentorship. >> one of the biggest pieces for happiness is that you have more positive people in your life. >> and hopefully, another visit. >> you have a goal just for the school year. i want to come back and get dredre for being here. wh inspired you? what made you get involved and decide to do this? >> i started t c trendy and thr probm,

celebrities and at one point, i'm like, they've got good clothes. i need to do better with it. i didn't say who i was and i was like, i should launch this. and a large social media and we noticed a lot of body shaming going. why not bring in mentors to speak with them? that's how it came together. >> what's th girls and the organization? >> it's been amazing. a lot of them say now they've got the confidence to go to their first dance and never had a new item before. want to ask a boy to the dance and a girl who was a talented musician and didn't have anything to wear to her recital so we gave it to her. the other thing, we wanted to try to tie the donations. the second donation to like, some kind of achievement. so i asked all of them to set a goal and say, i come back if you achieve this goal. i'll give you anothe

forward progression towards a goal. >> what sort of goals have you heard about? >> i want to go from a "c" to a "b" in chemistry and then a wide variety of kind of goals. >> you must have started off small. just the dresses you were handing out. how did you ramp up? >> so initially, it was samples and then i ran out of samples, so i started buying the dresses myself and we actually just got our tax exemption and then other retailers to start donating. probably about 10,000 in the next 12 months, on tap to do that. so. >> you mentioned cyber bullying too. that's a huge problem. i just read something this week about how some enormous number of girls, maybe 80% or more had terrible feelings after seeing things online or being bullied or just feel bad about themselves relative to what they see other people doing. >> it's a huge problem. bullying would happen, but your home was your safe haven

it's following them home with the social media and all of that. i thought it was important to merge that into this as well and try to address it. >> what lessons or tips do you have for parents like myself? people worried about what they can do and some of the signs? >> i think the first thing, if you are the victim, is to ignore it. there's a lot of these social networks have built in tools like blocking. the second is, as a community, to practice positivity and also, like, if you do see someone being a bully or victim, step up and say something. a lot of times, bullies look for validation and then the third, i think, if your kid is experiencing issues on social media or soocyber bullying, tak break. pick up a new activity whether it's a sport or hobby or something like that and kind of get unplugged for a while. that's the thing. your phone is always on you, instagram notifications as we speak. sometimes, just kind of getting unplugged can help as well. >> thank you. really appreciate

up ahead, the news for the week ahead. wait until you see this. fashion icon tommy hilfiger putting his plaza penthouse hotel up for sale. get a tour and see why it's go >> ienjoy having coffee on the terracok as master sergeant. they really appreciate the military family, and it really shows. we've got auto insurance, homeowners insurance. had an accident with a vehicle, i actually called usaa before we called the police. usaa was there hands-on very quick very prompt. i feel like we're being handled as people that actually have a genuine need. we're the webber family and we are usaa members for life. usaa, get your insurance quote today.

here's the stories coming up that may

week. on tuesday, existing home sales numbers for the month of october are out. wednesday marks the summer anniversary. 50 years ago on that date, john f. kennedy shot and killed in dallas. thursday, it's time of the year to gareth wi with friends and family for thanksgiving. friday, markets close early and it's black friday, one of the biggest shopping days of the year. millions of americans are expected to head to the stores or go online to get a jump on the holiday shopping season. in the heart of manmanhattan, overlooking central park, the plaza hotel an iconic destination for decades but also home to the fashion world's biggest mogul. this one of a kind penthouse up for sale. our robert frank has more. >> high atop the historic plaza hotel in new york city is a penthouse like no other. this is the $50 million mega-apartment of billionaire

every room inside this classic all american design duplex is an homage to the iconic hotel. >> we love the old world charm of the building and the heritage. just off the great room is the living room with the breathtaking views of the central park. through this door is tommy's personal library which features the sign that once hung in the original "new york times" building. step away from the retro theme kitchen to the one of a kind feature close to hilfiger's heart. >> the eloise dome. >> one of the plaza hotel's most famous residents. eloise from the famed children's book, eloise at the plaza. even commissioned the book's illustrator to hand paint the walls, but tommy said his favorite part of the palatial penthouse is up one level, past his king

pillows and through this door to what you might call hilfiger heaven. >> i like waking up in the morning and my wife and i enjoy having coffee on the terrace overlooking the park. serene, i it's majestic. >> on the of e youngest son's bedroom is nautical themed anhilfiger's classic red, white, and blue. crystal chandelier overhead is shaped like a ship. his other son's room is a tribute to rock and rollers and some of the best musical groups that passed through the doors of the plaza over the years including the beatles. so what makes the plaza's crown jewel residence worth a cool $50 million? well, tommy sums it up like this. >> location, location, location. and i think, also, the fact that they'll never build another building like this. and they'll never build another apartment like this, ever, anywhe.

has to offer, why is tommy deciding to sell it? he tells us he's changed his lifestyle. he's now traveling me than he used to and this penthouse served him well over ten years. for "on the money," i'm robert frank. >> the penthouse is a duplex but that wasn't always the case. tommy hilfiger bought two apartments. one of the 18th floor and 19th floor and then combined them into one. good life if you can get it, right? that's the show for today. i'm becky quic thank you so much for joining us. this week, meet two teenage sister entrepreneurs. the business is really cleaning up. we'll explain. keep it here each week "on the money." have a gre

good morning, america. this morning, hazardous weather. strong winds lashing the midwest. the damage left behind. now moving east. the alerts from georgia to maine. and heavy rains for the west. our weather team tracking it all for the start of this busy travel week. breaking overnight. signs of hope. signals which may be from a missing argentine submarine just detected in the search to find the vanished vessel. the u.s. navy's most sophisticated rescue system now deployed. to fight this race against time. pastors and politics. the group o