Friday, November 6, 2009

Maslow forgot this.

They say love makes the world go round, but money comes close. In this day and age, it’s already a necessity. Gone are the customs where in you ask a neighbor for a free veggie or fruit from their backyard, or even the concept of a veggie/fruit garden, thanks to today’s environment, owning a garden is actually hard. Nowadays, you cannot pay for anything with chickens or patola. It’s always CASH or CARD.

So it is a necessity to teach our kids how to get money. I’ve tried to teach them the best I know how, so far they are responding well. Composing a check list with them was really fun. It turned out to be a compromise rather than a rule.

1. Learn to understand how to management money. Spending and earning is not the only thing to think about when it comes to money management.
2. Learn the pitfalls of credit cards, don’t get more than two.
3. Practice simple business when you're eight years old until you finish high school.
4. If you want something, work for it, don’t ask for a gift, unless you’re below eight years old or it’s your birthday or Christmas.
5. Study well, get good grades, not necessarily very high grades unless you really want to, and get a high paying job.
6. Set up your own business, when it fails, try again and again.
7. Once you succeed in business, build another successful one, and another, and another….
8. Invest in properties, lots of it, especially if you are planning a big family, that way your kids don’t have to rent out all their life.
9. Retire early then do more business.
10. Always have medical/health money set aside.
11. Stay together, no matter what happens in the future, you are to stay together and help one another, unless you want me in your face all the time, and I don’t care who started it, everyone is going to face the wall, TOGETHER. This rule doesn’t die with me, because like I’ve said, I’ll haunt you and you’ll never hear the end of it.

We also concluded the list is not finish yet, for one it was fun to make and I feel this list would evolve soon. Plus they can never deny we made this list coz I put this here, until internet is gone, this list is here to stay.

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