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8 Ways Your Child is Watching You Deal with Money
[Week 11 of 52 Weeks to a Better Relationship With Your Child]
What amount of money is perfect for raising children?
If you had all the money you wanted, would it make your relationship with your child better or worse? That is, of course, a trick question. It is not how much money you have that makes a difference, but how you handle your financial affairs that matters.
It is the LOVE of money, not the money itself which is the issue. I would rephrase that to say the love of your financial image. I have seen people be just as arrogant about their state of poverty as Scrooge is about his pile of money.
Your children are subconsciously observing your attitude toward money from a young age. They see:
Soon enough, they are trying to figure out how they can access money, because it is an important step to independence. What you need to teach them is that it is not about how much money you have, it is about how you manage what money you have. This is a lesson that will affect all their relationships and prosperity for the rest of their lives.
1. How you talk about it
Money is a tool. It is not a necessary tool, although it is very convenient. It is a way for people to cooperate with each other. It is simply a tool. Some people use it well, but others use it poorly.
Money is like fire. It can stoke the engine or it can burn the building down. It all depends on how it is handled. But we have an advantage with money that we don’t have with fire. Money will only get out of control if the person uses it in an out of control way. There are no natural physical forces that will make money destructive. Its destructiveness or usefulness is completely dependent on its owner.
Money cannot exist without an owner. It is only money when it is being used between people to make an exchange. Money as money can only have value if the people exchanging it agree to that value.
Money works for people, whether they understand it or not! If you want a good introduction to how money came into existence or how it works, then I recommend Honest Money by Gary North. But you don’t have to have a detailed historical and economic understanding of money to talk about it the right way.
Your children will benefit in many ways from hearing you talk about money much like you would talk about the family schedule. How can you make it work for you and your family, applying
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By Laura Blodgett[Week 11 of 52 Weeks to a Better Relationship With Your Child]
What amount of money is perfect for raising children?
If you had all the money you wanted, would it make your relationship with your child better or worse? That is, of course, a trick question. It is not how much money you have that makes a difference, but how you handle your financial affairs that matters.
It is the LOVE of money, not the money itself which is the issue. I would rephrase that to say the love of your financial image. I have seen people be just as arrogant about their state of poverty as Scrooge is about his pile of money.
Your children are subconsciously observing your attitude toward money from a young age. They see:
Soon enough, they are trying to figure out how they can access money, because it is an important step to independence. What you need to teach them is that it is not about how much money you have, it is about how you manage what money you have. This is a lesson that will affect all their relationships and prosperity for the rest of their lives.
1. How you talk about it
Money is a tool. It is not a necessary tool, although it is very convenient. It is a way for people to cooperate with each other. It is simply a tool. Some people use it well, but others use it poorly.
Money is like fire. It can stoke the engine or it can burn the building down. It all depends on how it is handled. But we have an advantage with money that we don’t have with fire. Money will only get out of control if the person uses it in an out of control way. There are no natural physical forces that will make money destructive. Its destructiveness or usefulness is completely dependent on its owner.
Money cannot exist without an owner. It is only money when it is being used between people to make an exchange. Money as money can only have value if the people exchanging it agree to that value.
Money works for people, whether they understand it or not! If you want a good introduction to how money came into existence or how it works, then I recommend Honest Money by Gary North. But you don’t have to have a detailed historical and economic understanding of money to talk about it the right way.
Your children will benefit in many ways from hearing you talk about money much like you would talk about the family schedule. How can you make it work for you and your family, applying