Not your kids but most of the kids of all the other parents. I’m sure we would all agree that money is not everything. In fact, there is nothing that is everything. However, there is nothing that replaces money where money is needed. All the love in the world will not pay your mortgage this month, you’re going to need some M O N E Y.
I’m convinced that most kids these days are financially illiterate. I don’t mean this as attack against kids but more as an observation of what I’ve personally witnessed. It’s not their fault that they don’t know about money. Who would teach them? Certainly not adults who are always looking for a government bailout because they cannot manage their own finances. Of course they couldn’t turn to their parents who work at jobs they hate and are a two paychecks away from being out on the street? Dare they turn to all the consumers who spend more than they make and then live off their credit cards.
Kids are not learning about the importance of money management in school. They are not learning from their parents. They sure as hell are not figuring it out on their own. Despite the numerous resources available to kids very few find it worthy to take the time to learn.
I know my mother never taught me about the importance of money management. I grew up believing that money was scare and it always seemed to be tight and nonexistent around my house. I felt that money had been hidden from me for so long that anytime I got my hands on some it was my duty to spend it all. I always spent it on superficial trappings of life such as clothes, cars and jewelry. I was controlled by money. I was financially bankrupt. I didn’t know what I didn’t know.
We don’t have to be dumb anymore. Anyone who reads this post whether you are a youngster, teenager or a full fledged adult you can no longer claim you don’t know. Someone once told me that the fish rots from the head down. What this means is that is up to the parents to begin educating their children about money. Children mimic what they catch you doing most often. If you spend everything you get, have credit scores in the mid 500′s what do you think your kids will most likely do?
Financially dumb means showing lack of intelligence about money. The intelligence that kids lack can be acquired. I’m going to give you a couple of resources today but their are many others. Did you know that financial acuity is a sign of spiritual strength? The more you have the more you can give away. You can experience a much fuller life with money.
Money is a form of energy. How you treat, understand and cultivate that energy determines how it flows to you and away from you. Money or the lack thereof does affect your emotional, spiritual, financial, relational and physical health? Don’t believe me just look in the news. You will find a plethora of news stories where people took themselves out of the human gene pool because their money situation went haywire.
Here are two resources that I highly recommend you check out. John Paul Pigeon is a young financial wizard. I saw this kid speak at a seminar about 3 years ago and he blew me and the audience away. John will delight you with personality and his wealth of knowledge about money. His goal is to make sure that today’s kids are not depending on the social security system to take care of them in their aging years. The next website is Money Track and the reason I like this website is because they have videos. I know we live in an attention deficit age and we only have a few minutes to capture people’s attention so this is the perfect website. Also, if you don’t like to read but you can lend a listening ear this is a great website to visit. Furthermore, there is a whole series of videos with the billionaire Warren Buffet.
Two things I should make note of here that I think few people know. It’s never about much money you make it’s about how much money you can preserve. Also, it’s never about how much money you save, it’s the habit of saving that is important.
That’s my spin on it.
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