What does today's financial environment present for your child? In an
advertising frenzy of iPods, iPhones, branded objects and label hopping
examples of seemingly never ending desires financially expressed by
your children, how does a parent convey the good measure of
entrepreneurial leadership needed to set a course for financial freedom
and overall success for your greatest asset, your child?
The
primary goal and the key to successful entrepreneurial leadership for
your children lies in the ability to purchase a lifestyle to sustain the
highest level of well-being and transfer this knowledge to your
children.
One of many groups concerned with children's financial
literacy, The South Carolina Economic Council, which focuses on teaching
children about finances, reports that "teaching children about money
and finances has moved to the front of the educational agenda."
A
considerate and careful approach is relative to desires for real life
achievements. Parents who seriously consider the financial success of
their children are reasonably prone to present their own money
management acumen as a clear example. Parents develop their own
standards of "parental marketing" geared towards their own children.
Primarily
winning formulas that have worked for good'ole dad or mom will be
valued by children who have been directed along those same paths set by
practical examples. Clearly, parents must devote the same attention to
financial education as applied to other areas in the life of healthy,
emotionally sound and attune young minds.
While a motivated and
well educated entrepreneurial parent should grasp the time tested
concepts of balance sheet affluence vs. income affluence and actual
wealth, these concepts will not translate to your child's individual
success without the practice of entrepreneurial leadership extended by
the parent. As with other areas of successful life skill sets, parents
have no less obligation to teach money management, budgeting, and
investing than they do to neglect to teach a child to walk.
The
whole consideration of today's economics should not be entirely focused
on mere cost. For example, times were different for grandad, but the
valuation of the purchasing power of a dollar has changed in the course
of any lifetime. Enduring entrepreneurial leadership in any lifetime
encompasses winning formulas of economic care and the willingness to
take financial risks only worth the reward.
So, as a parent of an
intensely important child, the question today is, what will tomorrow's
financial environment present for your child?
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