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Are You Teaching Your Kids Financial Independence Or To Be Slaves To Money?

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  • Are You Teaching Your Kids Financial Independence Or To Be Slaves To Money?

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    The debate over “nature” versus “nurture” has gone on for many years. In other words, are people born a certain way or are they raised to become who they are. Steve Siebold is a self-made millionaire and the author of “How Rich People Think”. He doesn’t solve the nature/nurture dilemma entirely, but he does find that nurturing plays a big part in financial independence.

    Over a 30-year period, Siebold interviewed 1,200 very rich people to see how their thoughts varied from those of the “regular” people. He found that the rich people are always continuing their education, follow their passions, and also have different beliefs when it comes to raising children. Siebold found that, in short, rich people teach their children to be rich.When most families are teaching their children how to have fun, enjoy entertainment, or just survive, the rich are teaching their children the secrets of making money and keeping it. Siebold found that so much of what we teach our children is passed on unconsciously through our beliefs, how we look at situations, and how we talk about different ideas. Most people pass on their limitations to their children while the rich are encouraging their children to have big dreams.
    Siebold says, “While the masses are content to play it safe, seek comfort, and avoid pain, the great ones are living large and teaching their kids to do the same. To them, life is a game to be played boldly and fearlessly, and they always set the example for the little ones who watch their every move.”One of the most interesting differences Siebold found was the perception of money. The rich teach their children that money is positive and good. It can be used to help the masses and to enhance life. The average person teaches their children that money is the root of evil and causes problems. They view money as an enemy instead of a friend.Siebold counters those who believe the rich are teaching their children to be elitists by noting, “What they’re teaching their kids is to see the world through the eyes of objective reality —the way society really is.”
    If you want your children to have the greatest chance of becoming financially independent, you have to teach them to think they can be and encourage them to do the things that set them up for success.


  • #2
    That was very interesting. Since children/people learn differently, I wonder if this person can do a follow-up that states different ways how this can/should be done?


    • #3
      Maybe we're not problem. Maybe the debt based monetary system is the problem.