Tuesday, August 17, 2010

kid grow up to be money smart

Most parents today want their children to have a great education. If their child doesn’t go to college, they believe that their future is compromised from the start. The truth of the matter is that the entire education system prepares our children for one thing only: to become a model employee. And having a job, no matter how great it is, is not the solution for financial freedom. When we think about financial freedom, we immediately picture some of the wealthiest people on the planet. This is something all of us strive for, but most of us don’t achieve it. Why do you think that 20 percent of the world’s population controls more than 80 percent of the money? These are the people that have not been brought up to be model employees. But how can you make your child grow up not to be like you from a financial point of view? Since you lack the know-how that can make your child money smart, you may think that all is lost and he or she will grow up to be just like you, with endless struggle on a day to day basis and all of it just to try to make ends meet. If you want this sort of a life for your child, then you are in trouble. Gathering knowledge is one of the main occupations for children. At an early age they develop everything that will help them throughout their lives, because this is the time when they learn and this is the perfect time when you can embed some very important knowledge about money management. Money management is not something really hard to do and, contrary to many beliefs, it is accessible to most people. All you need is a few guidelines that can determine the path you will follow throughout your life and reaching the destination is entirely up to you. Money management is basically the process where you make your money work for you instead of you working for your money. As a middle-aged person, are you ready to become aware of a few tricks and start making money from money? It is not very hard to start the process from that point, but it might prove to be a little more complicated. If you would strive to make your child money smart from an early age, he or she would have these principles ready for application even sooner than you think. The sooner they prove to be money smart, the greater the results will be and the sooner they will show. Sure this is not something you can achieve overnight, but when your child reaches his early 30s with no financial problems, then you can be proud that you have achieved your goal. As I mentioned afore, you might not have the necessary knowledge to pass on to your child about money management, but that doesn’t mean you cannot acquire it. You can always try to learn new things, especially when it comes to your children. Don’t waste any time and start assuring your child’s future, because they represent the most important aspect of your life. If you want to know how you can make your child money smart and in control of his or her future, be sure to visit the website 7moneyhabbits.com.

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