Category: Parenting Pages: 105
Copyright: December 1, 2006
Teach your children wise money habits now, while they are young, so that they will have a strong wealth muscle when they are adults.
Excerpt
Chapter 1: Welcome to Wealth Training Your Kids
The purpose of this book is to help parents instill an “abundance mentality” and wise money management in children to such an extent that by the time children go to or graduate from college, managing money wisely is second nature to them. It is about (1) good money habits, and (2) understanding how to have money work for you (not the other way around). So, people who practice these as children, and then take and use these great habits as adults, will have enough money to:
1. Create a sound financial foundation to take care of their basic needs
2. Enjoy a comfortable lifestyle of his/her own design
3. Invest money so that it continues to add to their financial wealth
4. Donate money to help others
5. Have the freedom to use his/her own unique talents in a way most beneficial to society
As parents, we want an abundance of happiness, health, love, wisdom, and finances for our children. But, the parental challenge has always been to be able to transform our desire into a reality. In an immediate, on-the-job training way, we must find the resources to quickly educate ourselves on some (or all) of these areas, and then become expert at teaching these values to our children.
I was inspired to write this book when I realized that a huge number of adults in their mid-30s to mid-50s were just now becoming tuned-in to an abundance-mentality and how to use money wisely, thanks to some great teachers among us. Essentially, 3 generations later, the poverty-consciousness of the Depression was giving way to a more constructive, more empowering reality. I realized that despite the many books and workshops that all of these adults were reading and attending, and all of the new improved mind-sets and behavior that was occurring as a result of this re-education, there were still no resources for these adults to instill an abundance mentality and wise money management in their children, at a child’s level.
Thus, this book was created – from a current and positive improvement in our society – to address a real need – in order to help the next generation grow with more a solid foundation into happier, more productive lives.
At the end of this book is a RESOURCE section that gives you more direction and information about abundance-mentality and wise money management books, games, and other resources.
Of course, if you find this book a little organized and detailed, you can chalk it up to my book-worm, math-nerd, and attorney nature. Like most parents, my divorce clients want their children to experience abundance and to learn good life skills, despite the divorce transition that the family experiences. And, of course, these divorcing people need some abundance-mentality and wise money management training that I mentioned above. So, my professional experiences confirm that this book is much needed.
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