What are we teaching our children about money? Hopefully something!
I remember when I was growing up, our family did not discuss money. Money was a taboo subject, discussed by the parents and handled by the father.
This is one thing that I wish that was discussed more openly when I was younger. Just a little guidance such as "save 10% of your income" and I would have been fine!
How I wish I could turn back the clocks of time. How I wish I was encouraged to save even 1% of my income. When I look back at the year I started working until this year 2003, I'm not saying I would be a millionaire but I certainly would have been much better off!
Now a grown woman I have acknowledged and accepted the past and moved on to a great future. My bank account is increasing each year, I am currently purchasing rental properties and I am feeling incredible being and doing what I love-a Prosperity Coach!
Now I don't necessarily encourage parents to show the kids your mortgage statements but I think it is vital that children know that (while the subject of money may be a tad embarrassing for some parents) it IS a necessary part of life. As you start teaching your child, start slow and encourage them to believe in themselves and their future.
Here are some tips to help your child attain prosperity even at a young age:
1. Buy a piggy bank for your younger children. Allow them to choose whatever color shape or size they desire. Invite them to put their pennies into their piggy bank. Once in a while they may count their pennies and reward themselves if they desire.
2. When your children have proved themselves to handling their pennies, take them to open their own bank accounts. Encourage them to save at least 10% of what they receive as gifts (I know I used to receive money as gifts when I was young! )
3. Your child should be encouraged to donate or contribute another 10% of their savings. Donate to the church, to the homeless, to the depressed, or to a charity of their choice. This would help the youth become more rounded, become more respectful of others regardless of the situation and become more appreciative of their own lives and their own prosperity.
4. Many young children think that "money grows on trees". I applaud this abundance in them (although they may not know that the Universe is in fact limitless) and think we should encourage and nurture this