Teach Children Money – why do this?

Teach children money – about money, why do this? That is a good question and it has nothing to do with what many people like to say. It has nothing to do with greed. Think about it, just don’t go off on some tangent. I want you to remember 2006 and the financial meltdown we all suffered through. Some more than others because we have little knowledge of how money works.
Teach Children Money – why? It’s not like they would have been able to change the financial crisis. Everyone got sucked into that mess. Yes, that is correct. But some, people who knew how to save lost savings but not everything. People who knew how to invest did not lose everything in risky investments because they put everything in one basket. People who knew that they needed to live within their means did not over mortgage their homes. I can go on…
I am not trying to insult anyone. I am simply stating that there is a reason why we as loving parents would want our children to learn how to manage money. I will give you the biggest reason of all. Ready?

Social Security is not guaranteed to your children. It is in great danger of falling apart and while we worry about not having our benefits cut. We ignore the fact that the children we love; your child will face even harder times ahead. So what do you want for your child – a chance for a better life (no guarantees but better odds of success) or do we say don’t worry the government will take care of you. Just ask the people of Venezuela who (in 2016) were reported to be killing dogs, cats and pigeons to eat. Sure we want to believe that it will never happen here, but it does not change the fact that times can get hard – even in America.

Teach Children Money

I spent a few minutes with my son trying to teach him – What to do with your dollar. Why, because sometimes he acts like money grows on trees. It’s not like I haven’t tried teaching him the value of a dollar. But as a parent we have to do a lot of repeating (over and over again).

To my surprise his first response was “but then all my money is gone!”

Like many he could not see that what we were doing was planning for the future and creating a better future. We were planning today and working today (planning and sacrificing, meaning execution of plan) in order to achieve a dream, a goal, a purpose, a future. Like all of us, he reacted with the instant gratification response – but what about now.

Teach Children Money

I told him about Kevuntez King. King is a young man who raised enough money to pay for his college tuition. Several news reports came out on how a  teen sold newspapers for five years to pay for college before he even started – that is amazing. Not to mention he was active in basketball, tennis, swimming teams and received A’s in all his classes.

My son was amazed and puzzled – “who even reads newspapers?” He said in disbelief.

The point being is, this teen worked hard, thinking of the future. People may want to quibble about how and that it must have been luck. But this teen sold newspaper in the worst economic recession our generation has ever seen. So what excuse can justify not being able to do more, to accomplish more. While many others are crying “feel the Burn” and want to vote Bernie Sanders into the White House because he promises free college (2016 elections). Here is an inner city African-American youth of a single parent home who paid for college all on his own (you know what I mean).

Teach Children Money – Why? Because the future is there’s. If we can teach them, even if we ourselves have failed, they have a chance of reaching the moon, the stars and so much more. So instead of being quick to judge and saying it’s all about greed. Remember Kevuntez King – who has a bright future ahead. I truly hope he does wonderful things with his life.

Teach Children Money

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Happy, crazy loving father of two who believes the world is a bit off kilter. I spend a lot of time trying to teach my children to be better than me - I hope they appreciate it.

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