Work is a good disciplinarian. It teaches you how to value your time, make commitments, get up when you don’t feel like it, smile when you don’t feel like it, and value the money that you are earning.
My son started working at a very young age doing lawns in the summer and removing snow in the winter. He had a paper route and did this 6 days a week for years, in 20 below degree weather!
When he was 16, he started working at a gas station and worked there all through high school. He also played sports in school while working.
My wife took my son to the bank at an early age and had him put his money in a savings account. When he graduated from high school he had over $6,000 saved.
We did the same with our daughter. She babysat, took over her brother’s paper route and worked in a nursing home while in high school. She also played sports and was involved in her church youth group at the same time.
Both our kids worked while going to college and they both graduated with good grades and have good careers at this time. The big bonus: they graduated debt free!
We where diligent in teaching them about tithing, saving, and not getting caught in the credit card trap. Pay cash, pay off all credit cards in full at the end of the month, and save!
Teaching your children a good work ethic and taking care of their money is crucial. It does not matter how much money you make if you cannot manage it. Life has enough challenges without having to be stressed by finances.
Jacques
CreatingWealthThatLasts
1 comment:
Those are great things to teach our children. Thank you.
Dan and Deanna "Marketing Unscrambled"
Post a Comment