Before I became a parent I never considered that someday it might be important to teach my progeny about money. Embarrassingly, I assumed that they’d just kind of …know, right?
I also thought that they’d instantly be snuggly little people who would always obey and never be selfish. Let’s just say I had some inaccuracies in my portrait of parenthood.
Parenting Isn’t Easy
Five kids later and I’m still trying to figure out this parenting gig. Just when I think I’ve got a handle on some aspect of being a mom, I realize that I really don’t know as much as I think I do.
That’s actually one of the best parts of parenthood that no one tells you beforehand; being a parent makes you realize what a dope you are. Can I get an amen?
I can’t tell you yet exactly what steps to take to ensure your kids (and mine) grasp how to be responsible managers of money. I can, however, let you in on some things that both of us ought NOT to teach if we want to raise money smart people.
7 Lessons You Don’t Want To Teach Your Kids About Money
#1. Leverage your brains out.
Leverage, leverage, leverage. It’s more important to satisfy your immediate needs than to delay gratification. Wait and receive a greater reward? Who needs that kind of crazy responsibility in their life?!
#2. Value stuff.
#3. Hoard like crazy.
#4. You’re entitled!
#5. Spend without restraint.
#6. Money has no value.
#7. Mo money, mo happy.
What lessons are you making sure NOT to teach your kids about money?