1. Darshana Sarmah
    September 11, 2018 @ 7:37 am

    thought provoking…!


  2. Sinjana Ghosh
    September 12, 2018 @ 4:55 am

    I agree with you on most of this. A very important article. I don’t think the poor people don’t work hard, most of the daily laborers, drivers, housekeeping staff work harder than people with white-collared jobs but the concept of honor of labor and minimum wage law is not implemented properly. One problem however is the high reproduction rate among the poor, which makes the entire social pyramid way too bottom-heavy.


    • Maheshwaran Jothi
      September 12, 2018 @ 8:46 am

      Oh, that is why I mentioned its a tricky statement. I do not want to underestimate the hard work of labors here. But at same time, we do see so many people around whose expectation is govt should take care.
      Honor of labor should come from common people like us. Even in case of minimum wages, it should start from our own home – how many maids are really paid well?
      High growth rate is definitely a big problem. Being a democratic country there is no way to pull the plug here. It is again the education and social awareness that should help here.
      Thanks for your feedback and opinion.


  3. Jhilmil Bhansali
    September 12, 2018 @ 6:15 am

    I must say your dad has great thoughts when it comes to money. It should never be loved but one should have that much which is enough for a perfect upbringing. #mommyinmereads #myfriendalexa


  4. Sudha Krishnan
    September 12, 2018 @ 8:14 am

    Good to know you authored a book. 🙂 I totally agree we need to reinforce the habit of educating kids about finances at home.


    • Maheshwaran Jothi
      September 12, 2018 @ 8:48 am

      Thanks Sudha. If I want to write about how and why that book came into picture, that would call for another post 🙂
      But yes, I agree with your point. We should educate the kids about money from home.


  5. Priya Bajpai
    September 12, 2018 @ 2:24 pm

    Some very valuable tips there. Financial knowledge is important. Sooner we understand it, the better. This year we have planned to teach our son about finance. He is 9 years old. But it’s never too early (or too late) to learn . is it?


  6. Surbhi Prapanna
    September 12, 2018 @ 4:53 pm

    Very informative post. financial knowledge is one of the most important yet sometimes ignored aspects of parenting. I am glad you had the tackle this subject so wonderfully. will keep your points in my mind and I am sure it will help a lot to all parents to teach their kids about this one of the most important aspects of life.


    • Maheshwaran Jothi
      September 13, 2018 @ 11:39 am

      Yes Surbhi. I would say the most ignored topic when it comes to parents & kids discussion.


  7. Rashi Roy
    September 12, 2018 @ 5:16 pm

    That’s an informative post and as a parent this is also one thing I worry about. When and how should we impart the financial knowledge to our kids is always a point of discussion. I completely agree that we should first teach them about how to save and not how much to earn. Great post.


  8. Manpreet
    September 12, 2018 @ 7:12 pm

    ummm… if you do proper research, you’ll find how rich don’t have the problem with ‘taxes’. Most of the rich… are financially sound people. They barely pay taxes. Read – rich dad poor dad by robert kiyosaki to get introduced to the idea on why & how.

    It’s the middle class… that doesn’t have much knowledge on financial planning and, means as well that succumbs to heavy taxes and complains of that. And personal finance know-how teaches u to embrace the tax… instead of blame the government or anybody. There are countries, with far better economic conditions, that have even higher taxes. so… taxes is certainly not where you want to start somebody’s education on personal finance.


    • Maheshwaran Jothi
      September 13, 2018 @ 11:02 am

      Good observation. And I am happy that you have sincerely put efforts to read and comment on my article. How can someone into finance miss Kiyosaki? I am a fan of him & his books and totally agree with his “more money u earn more tax u pay” concepts.

      Anyway, here my point is not on how to educate kids on tax or savings. Its more about why we missed to educate our kids on finance. And are we going to pit them against the rich or teach them struggle and win themselves?


  9. Jayanthi Manikandan
    September 12, 2018 @ 7:46 pm

    It is very complicated to discuss money habits with kids – either they think we as parents are too stingy and have no money or they think we(as parents) are loaded with money and they can spend all that they want! 🙂 Either way, money habits have to start early…


  10. Surabhi
    September 12, 2018 @ 11:12 pm

    Very valuable tips! Sooner we start taking action on it better it would be for our children. Great thoughts.


  11. Haimanti Bhattacharjee
    September 13, 2018 @ 8:12 am

    Important points made… We all should teach our children the importance money holds in our lives… At the same time we should also inculcate the idea that money is not everything… It is important for them to understand how to manage money smartly without resorting to illegal things!


  12. Agnivo Niyogi
    September 13, 2018 @ 9:07 am

    Intriguing and thought provoking post


  13. Monika
    September 13, 2018 @ 4:48 pm

    Right you are , teaching about Finance should start right from childhood . Many times when I do family monthly budgeting I let my daughter sit along so that she also knows little bit of it . Can i think of it as a right step towards teaching her finance ?


  14. Ranjini
    September 13, 2018 @ 5:38 pm

    The modification of your dad’s teaching is nice. But also maybe we should tell our children not to love our money too much too. Once the love for money sets in, nothing else can be done.


  15. Lavanya
    September 14, 2018 @ 7:41 am

    Well articulated. But I have a slightly different viewpoint. Money is very important when your physiological needs of food, shelter and safety are not met or in danger of not being met. Only when all your needs are met does it cease to be a factor.


  16. Lancelot Quadras
    September 15, 2018 @ 7:06 am

    Isn’t that an amazing way of making the child learn all the financial concepts and then understand the importance of everything. Rather than scaring them to excel, it is important to let them understand everything.


  17. Atulmaharaj
    September 17, 2018 @ 7:14 am

    A topic that is close to me. I’ve always been in favour of teaching basic finance to kids in 8/9th grade in schools so that they can take better finance decisions when they grow up.


  18. Aditi Kapur
    September 17, 2018 @ 8:41 am

    Financial management is more important than earning. Parents should understand this before teaching it to their children. Children will follow, no doubt.

    #MyFriendAlexa #AditiReads



  19. sandeep sharma
    May 24, 2019 @ 7:52 am

    appreciable thought.


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