by Jaynee Sasso
One of the most important aspects of parenting is preparing and positioning our children for financial success. This can be an overwhelming challenge as many parents are battling their own fears along their journey toward prosperity. As parents we must be sure that we do not transfer our own emotional baggage that so often hinders our success. Too many parents are preparing their children for defeat rather than success by setting poor examples. The desire to become a better steward over your finances should be fueled by your heart’s desire that your children will go further than you.
The first step is learning to speak words of encouragement to our children. I was once told that we must begin to practice speaking what we desire to experience in life instead of the circumstances that presently pressure us from every side.
Second, teach your child to respect money. Children must understand that money is a tool to unlock the doors of opportunity and not to manipulate people or situations. In many homes money is used as a weapon. Children must understand that financial success is about making sound investment choices in the financial health of their family and loved ones.
Teach them that every financial decision they make not only affects them, but affects all those to whom they are connected. They must hold themselves accountable for the decisions they make and to consider how these decisions will affect others. They must learn to make wise investment choices with the resources they have already been given.