Learning Good Financial Habits Early - September 10th, 2009

I have often wondered what the really rich do with their money. I ask a girl who grew up in a rich wealthy family how it was. To my surprise, she told me she never got an allowance, but instead she had to work for any money she wanted. It was a family tradition she said that it was more important to learn how to handle money than to just have it.

I guess it is like the old saying; to teach a person to fish is much better than just giving someone a fish. If you give them a fish and they eat it, that is that, it’s gone. If they learn how to fish then they can feed them self the rest of their life. This girl said that when she learned that her less wealthy friends got an allowance, free money, that she was mad.

But then she saw later in life that those same friends didn’t have money now, but she had all he money she wanted, she had learned to make and keep it. I think the way of life we live as a kid can have a great influence on what we do today. If it wasn’t the best, well then we need to do a little work now.



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