Kids, Wealth and Responsibility
Money means different things to different people. Some see it as a way of keeping score or measuring success. Others view money as simply a means to an end. In the pursuit of wealth, some have trampled their way to the top. Others seem to have glided there, nearly effortlessly.
In each of these extremes is a greater truth. Wealth magnifies your deeper personality traits. The thoughtful, caring person with access to financial resources will benefit him/herself AND others. But someone who only cares about keeping score will never have enough, regardless of the fortune amassed.
Warren Buffett, the famous investor and billionaire, once said that he intends to leave his children “enough money so that they would feel they could do anything, but not so much that they could do nothing.” He wanted to help his children reach their full potential, but understood that too much money, without corresponding effort, would sap their will to achieve.
Teach Your Kids – Prepare Your Heirs
A child growing up in a wealthy family may be more insulated from money than the child growing up in poverty. But at either end of the spectrum and at all points between, kids need to know how a family’s finances work. They need to understand that money really doesn’t grow on trees. Failing to instill that value young will create heartache when they’re older.







