Welcome to The Angels and Demons in our life. Money.
In last week series, we had an important discussion on Education. I am happy that my idea on Education was resonating with most of the parents as well – The comments & feedbacks I received on those posts shows it clearly.
Only when you are inside the given system, and experienced it, you can know the pros and cons. And since we all are from the same education system, it was very easy to correlate our feeling and identify the cons.
After I posted my last post How can you contribute? mentioning about the activities of NGOs, I have received many positive feedbacks and enquiries from fellow bloggers on how they can contribute in their own way to build an Incredible India.
Big thanks to all those noble hearts! Mission accomplished.
Now, back to this week’s theme of Money.
If you are looking for tips & tricks to earn more money in this series of posts, you will be pleasantly disappointed. The idea of this Money series is no different than the one we had about the discussion on Education.
To understand if parents want to teach their kids about Financial Freedom.
Instead of telling our kids – Money is the only solution for all problem and forcing them to earn more, why cannot we simply teach them to save and live optimally with the earned money?
My dad was from a very normal family at the bottom of the Pyramid. Despite being one, he made sure I get the right education. Yes, the education he thought was right. He was not a graduate, and hence like every other dad he had the vision to make me one. But sad, he was not alive to see me one.
He put himself to maximum stress to make sure he can pay the fees for my private schooling, new uniforms, and every other books & gadget I would cry for!
For any kid, his Dad is the first Hero. I am no exception. True, I saw him good in every aspect, except handling of Money.
Yes, he never had any likes or crush to earn more money, or save money or multiply it. For him, it was just a duty to earn and take care of his family. So, he was very content in what he had.
One of his other policy I use to admire even today was “No Loans”. I could not understand his policy, because his reaction to money was always very different from other people I have witnessed.
But, I can proudly say that one of teachings that my dad left in me is how I am supposed to treat money. As per him, one should not love money. No strings attached to the money. Do not go behind money.
In fact, I am happy that his ideas are still in me and I never go behind money.
Hold on to your opinions. Wait!
Not loving money does not mean to hate money.
Yes, as per my dad, being content with what we have seem to be an excellent mantra. In his era, this worked too. Not any more – at least for me.
Because, we are living in an era where if something is free, it has no value in it. So, money has become an important measure. I am sure, I can still pass my days as my father taught me to be. But I am also sure my kids are not going to appreciate this.
Personally, I also have a fear that I should not be leaving my kids in such a materialistic world with the same old teachings. They simply cannot survive.
So, what I did? Simple.
I refined my father’s thought, instilled a slightly modified version on to my kids
“Love YOUR money YOU earned legally and morally.”
See the difference?
I want to discuss few of the thinking process we as a parent who make this society, should look in and ask ourselves if we are in right direction.
Let us start with the famous Robinhood theory – the friendly savior of poor people. He is not dead, and very much alive even today in the name of Government and its tax.
Robinhood was said to be taking away money from rich and giving it to poor. And all our Government does the same. Take from the haves and give it to have-nots.
I am not saying this is wrong. But too much of anything will back fire, and that is exactly what is happening in my country now.
Government does have a responsibility to serve and take care of the poor people. True.
But, during time, it has become more of an entitlement for the poor to be taken care by others or Government.
Do you see the difference?
This is a tricky statement, so I do not want to generalize here. But, at the same time, I could not pass without mentioning it.
Yes, Poor should start investing their time & resource and struggle to come up in life rather than waiting for someone to help. They can and should receive help, but do not hold on to their horses waiting for help. As said in the Geetha, do your duty is what I want to convey.
What has really happened?
Every political and selfish leader have succeeded in showing the rich people as poor people’s only enemy. And try to create a big divide in this society. They always portray that every rich people in the country are rich not because of their hard work and sacrifices. But just by stamping on the poor and being corrupt.
There could be few, but portraying the whole layer as demons has led us to this dangerous consequence.
Imagine a kid born in a poor family. There are two situations a parent can bring up the kids.
- Tell them the reality and teach them to earn their living ethically.
- Show the rich and say they are the reason for his/her poverty and poison his/her mind.
Now, if this reflects in majority of the parent’s mind? What would happen if all these kids grow with the vengeance?
You get it, right?
I strongly believe that we are here because our parents chose to follow the scenario 1 – to teach us the reality.
They rightly made us realize what life is, and how to love and live it. Not by ignoring the facts and putting the blame of the failure on someone else.
In same line, remember how many of us have told our beautiful kids these golden words.
“If you are not going to study well, you cannot earn money. If you cannot earn money, you have no life”
We all know that this is not 100% true? But still we do, why?
It’s the insecurity in us that makes this excuse to scare the kid so they excel in studying.
Thereby we force our kids to believe that Money is the solution of all problems.
If we really believe that money is the only solution, I always wonder why no families teach their kids about finance. When it comes to finance, we simply do not get our kids involved. And we all expect them to handle everything all by himself the day he enters job industry. Why?
I have covered this in my book on Financial Freedom, along with few solutions to help the new kids in the town, I mean the Jobs. [Ha, a bit of self-promotion!!]
But, why should they wait for a book to teach them when it is every parents duty to do so?
Let’s take a pledge.
Educating the kids for financial knowledge, is as important as sending the kids to extra-curricular activities like sports, karate, painting etc is.
I am taking my Alexa rank to the next level with Blogchatter. So with this post I am starting my second theme of Money. In coming weeks let move into other areas that can be improved for our next Gen.