One of the greatest things you can achieve in life is a family. Having a happy family including children then you can call yourself a happy man. But having a family is not the only thing you need to strive for in life, because even if you are lucky to have them, you are in charge of their well-being. And for this you need to have the resources to provide a certain lifestyle.
But where do those resources come from? The first thing anyone would say is a steady job with a decent salary. But when you look at the solution you have chosen, are you aware that a decent salary provides a mediocre lifestyle? Can you honestly declare that you would rather want your children to live a mediocre life, when financial freedom is within their grasp?
Sure, any job is a great way for your child to start on the journey of life, because it can help him grow personally and professionally. But the main ingredient that helps your children achieve their financial goals and freedom lies in the parenting education that you offer them. And by education I dont mean teaching them to giving a sit in a bus for an older person.
Teaching children the financial aspects of life does not have a minimal age. There is no such thing as too soon for your children to know how to manage their money. With a proper parenting education, your children can start making money from scratch before they go to school.
School is not the answer for your childrens financial education. I am not saying that school is without purpose in the life of your children, but you are the one that can give them the right parenting education when it comes to managing money.
In order to be sure that this is one thing you can succeed at this, you should look at your life. Do you have what it takes in order to make your children successful in managing their money? Or do you need a few parenting tips to achieve this?
Parenting tips are always something that can help us, because we all know that raising a child is not the easiest task in the world. Experience is a defining factor in the raising process, but for those that lack it, relying on the experience of others can prove effective.
For example, if you are not a well-experienced person in investments and financial, are you be able to teach your child the basics? Or should you receive some outside help and some very useful financial parenting tips from someone that has done it before?
Trust me when I say that relying on some of these parenting tips will prove to be highly efficient. I was in your shoes at one time and now I can honestly say that the allowance I gave my child has slowly become part of their college education savings.
This happened because, even though I didnt have great knowledge of money management, I listen to what other people have to say. The best advice I could find and the ones that helped me with my parenting education came from 7moneyhabits.com.