Posts Tagged ‘kids’

Raising Wealthy Kids—Speak The Language

Wednesday, December 3rd, 2008

Every now and again here we turn the conversation to kids. It’s all in the interest of sparing our children the financial struggle that comes from the lack of a real, viable financial education. As you proceed with the 21st Century Academy you’ll see that Jamie McIntyre also makes an effort to do this, because he also believes that we can put our children in a better financial position by giving them an education in money and finance that they can use to be wealthy from the start.

Speaking The Language Of Wealth With Children

What I’d like to talk about today is speaking the language of wealth with kids. Whatever does that mean? To me it means being open with discussions, and using the same financial vocabulary with your kids (or the kids in your life) as you do with yourself—in your financial dealings, investments, banking, reading, wealth empowerment and education…

Let’s explore for a minute why this is advantageous for the kids you care about.

First off, as with all things, children gain a better understanding about wealth if they know the real terminology and meaning of words from the beginning. When you speak the language you can have real, meaningful conversations and you can learn from others, and read to learn more.

Secondly, we need to remember that much of the language of wealth came to be negatively related to us as we grew up. We made subconscious negative associations with money and wealth. The words of the language were taboo, and so we steered clear of their mention—and of their power and the promise and opportunity being wealthy could provide. When you speak the language to your kids, you preempt that negativity and teach children to embrace wealth for the opportunity and life-tool that it really is.

Too often we do not credit children with the intelligence that they deserve. Kids can learn very valuable life skills from a very early age, virtually without working at it. We have an opportunity to help our kids start at a wealthier point than we did. You can start today by teaching them the language of wealth and prosperity.

Sean Rasmussen
21st Century Academy
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