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Posts tagged 'money'

Pocket Money: Parents’ Dysfunctional Attitudes

Pocket money is a topic that concerns many parents. “When to start, if at all?” and “How much to give?” are questions that almost every parent struggles with. To answer these questions, most parents should first answer the following question:

Why do I want to give my child pocket money?

I grew up in a poor family and pocket money was never an option for me. Only when I was 14 and we moved to a new town (which was only slightly bigger than the small town I grew up in), I discovered there was such a thing as pocket money.

I was so surprised. My parents had so little that whenever we asked my dad to buy us something, he said, “We don’t have money”. Therefore, in my mind, pocket money was part of wealthy kids’ life.

But it does not have to be.

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Experiences, not Possessions: How to Best Spend Money on Your Kids

If you wonder how to give your kids the best life possible, do not buy them things. Instead, give them great, exciting experiences. Research shows they will remember special events and adventures longer and relive the joy and excitement again and again.

We live in a world of abundance. If you want to understand how much you have today, all you need to do is think of how your life would have been 50 years ago. I like asking myself, “What did my parents not have 50 years ago that I (or my kids) have today?” It is a good lesson in perspective.

Unfortunately, not every person who asks this question reaches the same conclusion. Some people feel grateful and other feel fear. Grateful people, who feel that they are fortunate, tend to appreciate what they have and care for it. Fearful people panic and start to accumulate things. No matter how much they accumulate, they are never happy. Fear takes away the joy of what they already have.

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Money Can Buy Happiness If You Use It Wisely

I grew up in a poor family. We were five children, my mom left home early in the morning and my dad was the town postman and when he finished his first job, he worked a second job as a handyman. “Money cannot buy happiness” was my parents’ motto.

Only later on, when I started making a lot of money as student, I realized that poor people come up with these beliefs about money to justify their lack of money and they disconnect money and happiness to give their life a better meaning. What my parents really meant was that we could be happy in many ways and money was not a condition to happiness. I agree with that.

Money brings an enormous feeling of happiness if you use it to … give.

Researchers at the University of British Columbia and Harvard Business School checked the connection between spending money and happiness and they found out amazing things that are important for all happiness seekers to know.

In one experiment, they gave students $5 or $20 and asked half of them to spend it on themselves and the other half to spend it on others. One group was taking the money and enjoying it, while the other was giving it to someone else to enjoy.

What they found was that the “givers” were significantly happier at the end of the day. So money can buy you happiness if you use it to make someone else happy.

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Turn Your Dreams of the Dream Job into Reality

Most people do not have their dream job. Many people around the world go to work because they have to, because it pays the bills, because this is what expected of them or because they have nothing else to do. The lucky ones get up in the morning with excitement, leave home (or not) and spend most of their days doing something they feel passionate about.

I have to say I am one of the lucky ones. I get up every day and get paid to do something I love. It does not feel like work, more like living my passion and my purpose, which is inspiring and motivating and helps a lot with getting up in the morning.

Research shows that doing the work we love improves many aspects of our life and makes us happier. Happiness, as you know, affects our health, our relationships, our finances, our mental wellbeing and our work. It is a never-ending cycle. We love our work, which makes us happy and improves our productivity and the enjoyment of our work, which bring us more happiness. This way, being happy about your work is like passive income that keeps on growing.

This upcoming event will give you a unique opportunity to turn your dreams of a dream job into reality too.

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Live Life with No Regrets

Regrets are a heavy burden we carry with us throughout our life. They are punishments we give ourselves for thinking about something we have done, or not done, that we wish we could have done differently.

I remember my mom warning me “you’re going to regret this”. She said it because she had no other ways to convince me to do things her way.

Regrets are very funny, because we can only have them after we experience something. The reason I say they are funny is that if I was a fortuneteller and could predict the outcome, I would have done things differently anyway. So regrets can only happen in hindsight which is always 20/20.

13 common regrets we can all do without

If you want to know what most people regret, just to prepare yourself and try to rethink things before you do them, here is a list of the most common regrets. Try to avoid them as much as you can (if you can).

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From the Life Coaching Deck: Stop Making More Money

Liam was a very handsome man. When he entered my life coaching deck, I didn’t believe he was almost 40 years old. He looked 25 and I wondered what kind of woman would leave such a great-looking guy. On his client details form, he wrote that he had two boys and that his wife had left home suddenly and took the boys with her.

If he was the first man who came to coaching because his wife had left all of a sudden, I would have thought that something was wrong with his wife. Who on Earth leaves home all of a sudden? With two boys? After 12 years of marriage? But Liam was not the first and, unfortunately, will not be the last man whose wife left all of a sudden.

During the initial assessment of his life, he told a story of a great love, two well established professionals, parenting maturely, living in their own house and even owning an investment property. Their life was the ultimate picture of a perfect marriage.

“When did the relationship start shaking?” I asked Liam, trying to find the most reasonable explanation for “all of a sudden”. He said that it had started when his youngest daughter was born, about 4 years earlier, and then he told me the typical story of a marriage that brings wives to leave “all of a sudden”.

He worked until 8 or 9pm some days. He worked on weekends. His main goal was to make more money. For every problem he had at home, his solution was making more money. When his wife wanted him to take a day off and spend time with the family, his mind went straight to “If I made enough money, I wouldn’t have to go to work so many hours and then I could be with my family”.

This post is part 14 of 17 in the series From the Life Coaching Deck

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How to Eliminate the Top 7 Parenting Struggles

Last month, I wrote about the top 7 things parents struggle with: emotions, social pressure, information overload, money, relationship and physical body. I think that if parents knew how to manage these things in their life, it would be easier and more enjoyable for them to parent their children to be happy, healthy and successful. Here are 7 tips to improve your skills in each area and eliminate the respective parenting struggles.

How to manage your emotions

Whenever you have a strong feeling and feel you are about to burst, stop! Examine the feeling, ask yourself “what is that thing I am feeling now?” giving it a name will slow you down and move you from your primitive brain – the fight or flight mode to the “thinking” mode. It will make sure you are more composed in your relationship with your children.

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15 Parenting Mistakes

Parenting is the oldest and most important jobs in history. Without it, we would not have over 7 billion people living on this planet. Most people want to be good parents. They want to raise responsible, happy, independent and successful kids. Even if we have kids for the purely biological reason of reproducing, we must ensure the future of our offspring, right? So nobody wants to make too many parenting mistakes.

I have been a parent for 26 years. As an educator, I also worked with many kids and had a lot of contact with parents on the way to becoming a parenting expert.

Over the years, I have written over 1,500 articles about parenting, happiness, and education. All my articles focus on the mission of raising happy, successful, friendly, smart, responsible and independent children. The rules of parenting are very clear and there is a variety of things you can do as a parent to ensure that your offspring will survive, be happy, be successful and your bloodline will continue for years to come. What you need to make sure is that you pass on to your kids more than just “blood”, more than just the things that transfers the second you conceive your kids (those genes stored in sperm or egg).

Parenting is also about transferring what is in your heart – your attitude. If you have the right attitude, you are more likely to be able to ensure a good future relationship for you and your kids. If your attitude is bad, you run the risk of being erased from your children’s lives. If you want to know how serious this is, read our post Divorcing Your Parents to see how many people are not in a relationship with their own parents. Imagine trying to pass on your legacy when you are not involved in the lives of your kids and grandkids.

Some parenting mistakes are not easily fixed, but it is never too late to start making a change. Here are some of the parenting mistakes that many parents make that can destroy the relationship between them and their children.

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Top 7 Things Parents Struggle With

I recently did an interview for a radio station about parenting. They wanted to know what were the top things parents struggle with. I have seen hundreds of parents over the last 28 years. If I had to list every struggle, the list would never end – parenting is hard! So, I figured the best thing to do would be to group challenges by category.

Parents today struggle with seven main things. Not surprisingly, parents today struggle with roughly the same things their parents struggled with in the past. Today, they just give it a different name, maybe to feel a bit more modern or advanced. Same struggle, different shape.

Parents need to take on a management role as soon as they have kids. Unfortunately, not everyone is a good manager and parents often struggle with it. If they were lucky enough to learn if from their own parents, cool! If not, they may struggle with it as a parent. Unfortunately, people spend more than 16 years of their lives in educational institutions that are obsessed about teaching them to manage their homework but not any other part of their lives.

School does not teach us to manage our time, our emotions, our friends or relationships, our physical body, our money or a budget. So it is no surprise that people struggle with it in their teens and then they struggle with it as adults raising kids. They then can’t teach their children how to manage any off these things either, because no one can teach what they don’t know.

Here are the 7 main challenges parents experience.

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How to Save Your Kids from The Consumerism Trap

The world we live in promotes consumerism all the time. Sometimes, I feel like I need to take my kids to live in a hut or a cave, far away from civilization if I want to prevent them from falling into the consumerism trap. Just recently, the big shopping center closest to us was rebuilt. It is now more than doubled in size. I often have meetings there, in one of the cafes. I always look at all the people rushing past and wonder to myself, “Don’t they have anything better to do than just spend money here?” Of course, my excuse for being there is that I came there for work!

The scariest thing is going to the supermarket with my kids. We buy most of our groceries from two different supermarkets. To get from one to the other, we need to cross the entire shopping centered, which is shocking. Every window tells you why you must have that dress and that you are nothing without those shoes and that you are not cool if you don’t buy this and that you are fat if you don’t use that product. It is completely shocking and terrifying. People we know talk about how they do not have enough money for basic things, and yet their kids seem to have the latest iPhones and the latest brand name jeans that they bought for a bargain at $140 at a half price sale. They are totally over the moon that they can help their kids be considered cool for that price.

My main problem is that this excitement will last for a week at most. After that, the cycle of “buy me!” will start again, because we live in a society that teaches children to be consumers. We live in a society that convinces kids (and their parents) that they are inadequate and that they need to shop in order to survive! It is a trap because it turns desires and wants into needs. It is a very strong, well oiled and sophisticated machine. It gives us that idea that “I can only be happy when I have this item”. As parents, we want our children to be happy from every teeny tiny thing they possibly can enjoy. We are helpless before such a well rehearsed trap.

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