Wealth Creation Blog

Another topic from the past week that I’d like to skip back to and expand on for a bit is the discussion we had about the children in your life and the greatest gift (after love and support) that you can give them to prepare for the future: the gift of positive financial mindset from the start.

The Right Start

As we’ve been talking about, our adult financial management and attitudes toward money and wealth are direct products of our upbringing and all the experiences we’ve had with money up until now. We can give our children immensely successful head starts by helping them develop their mindsets in positive, productive ways. We can help to mold their experiences with money so that they do not end up as adults who think money is evil or who live in denial of money. By hand-picking our contributions to our children’s financial mindsets, and helping them to deal positively with their financial experiences and money decisions, we can start our children off on the right financial footing.

Make Money Part Of Your Life

If you think about it, and again this is no scientific data, but I do think you can relate, most of us grew up with parents and adults who were very closed-mouthed about money; or, if we did hear about it, it was often because we could not afford something or we were denied something, or there wasn’t enough, or someone had to work too hard for it. The list could go on and on, but I think you see my meaning. Little was imparted to us, and that which was, was not very positive; and there were hardly ever enough details given to qualify the statement or issue at hand, so often we thought worse of a topic than what actually was.

Now, as a parent of course I understand not wanting to worry your children about your adult financial needs, or the stress that you might feel over money and finances. However, if you can pick and choose what you bring to light to your children, take some care in how and what you present to them, and present money and finance in a positive light—for example, as choices and options rather than wants and needs, as possibilities for building wealth and so on—all the while teaching them what money really is (a tool for them to mould and to utilise), your children will be so much farther ahead than we were, and will know that life is full of possibility and opportunity, and not just a practice in drudgery.

Don’t be afraid to conscientiously open up to your children. Talk to them about money, teach them about mindset and the possibilities before them, and watch them grow into some of the most successful people you know. If there is a dream more worth aiming for, I’m not sure what that would be!

Sean Rasmussen
Success Communicator
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