money Tag | Family Matters

Overnight Success

I read a lot about success and attend personal development and wealth creation seminars. It is very inspiring. Unfortunately, the more I do this, the more I hear about people who are making it big time overnight.

The overnight success factor works very well on people who are not successful. It really helps sell stuff. Look at some of the best overnight success promotions:

– Lose 14 kilos in 14 days!

– How to make $250,000 from property without using your own money!

– Use this drink and be blond and beautiful in just 4 days! (OK, so I made this one up myself ;))

I bet overnight success was invented by unsuccessful people to help them feel better about their lack of success.

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Teaching Young Kids Money Management

Kids need to learn money management long before they leave home. When their friends have brand-name shoes or a computer game and your kid wants them too, understanding money is going to be very handy. So if you wonder when it is the right time to learn about money, my answer is: the minute your kid can count to 10.

Unfortunately, handling money is not something we learn at school. Just like many other life skills that we find necessary in adulthood, money management is also neglected while lots of energy is wasted on high levels of math.

Children can be taught at a young age that money is their way to get the things they want in life. It is, after all, your way of getting the things you want in life.

Here is how…

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Wealth Education for Teens

At this point in a teen’s life, wealth is “a grownup word” and does not mean much. Teens value fun, friendship, love and being unique and accepted much higher than financial freedom. Many teens will sacrifice their future wealth for some good partying, which makes them pretty normal, just like we all were when we did exactly the same as teens…

Convincing a teen to save money is not an easy task, mainly because the benefits are in some unknown future, but the commitment and effort start in the present.

Oddly enough, the attitude towards money, saving and wealth passes from one generation to the next ;)

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Who Wants to Be a Millionaire – The Story of Chris

Chris called and came to see me the next day. He parked his blue Mercedes Benz in the entrance and came in. He was at his early fifties, beautiful blue eyes, holding his diary tightly.

“I wanted a Mercedes Benz so much”, he said, “But now I feel uncomfortable driving it. I can get up in the morning whenever I want, I can have everything I want, I have money, I have Lisa, I am successful in my business but I am depressed and sad.”

Do you ever think to yourself, “If only I had a million dollars, I could have everything I want”? Think again! What would you do with that much money?

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