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- How at the dependent? - How at the hired worker? - How at the businessman?

Financial responsibility in a combination to spirit of business can become mighty force. Help your children to develop with itself both these qualities, and then relax and observe of how they will submit one financial top for another.

Robert's comment

I completely agree with Sheron, but I wish to underline one small nuance which will help to make this lesson even more clear. The main thing for my poor daddy was that, how much money he earns. Here therefore he always repeated: itget good education then to find highly paid jobit.

For my rich daddy the quantity of money which to it managed to be made, was not the main thing. It interested more, how much money at it remains. That is why he spoke; itHow much money at you remains it much more important that, how much you earnit. To it it at times added: itPeople who worry only about that, how much money they earn, always work on those who worries about that, how much money at them remainsit.

In that, as to a question of pocket money, it is much more important to learn than your child to worry about how to save money, instead of how them to earn. My rich daddy said that for it each dollar in a column of actives all the same that the superfluous worker: it worked on it. If this dollar appeared in a column of actives, he under no circumstances should not leave it. If the daddy sold something from actives, it always directed a gain on purchase of other active. Actives which it, has got, will pass from father to son. Being guided by such principles and bringing up in this spirit of children, you will help them to find a right way to financial independence.

The application 2

Financial practice: exercises under the reference with the money, which parents can offer children

Sheron Lekter, the diplomaed bookkeeper and mum

These exercises, probably, are for you good help in business of training of your children to a science about money. Making use of the real experience received in the course of study, you automatically show them ways of practical application of the received lessons. We take, for example, exercise itFinancial practice in bankit. After such practical employment your child will recollect the lessons received on him each time when it can appear near to this or any other bank. Such method of training often name empirical, and it can become rather an effective remedy of development in the child of skills of the reference with money.

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