The best lesson my parents taught me is that I should save 10% of all I earn and I should invest it in safe Investments.
They advised me to start by saving 1% of my monthly income and then gradually increase it till it reaches 10%. I invest my money in Gold Etfs and in real-estate index funds.
Re: Educating children about Money Money and Money
by mani vannan on Nov 16, 2011 02:06 PM
It is difficult to say.Because it depends which community they belong.If they are from business community their life it self predominantly in money making.It is wise to cultivate children from 18 years onwards.Other wise they thing money is bigger than life
Tell them stories of your struggle and what difficulty you faced when you started earning. Never ever tell any struggle stories to child about earning money,always say them it is easy to Earn money bez Struggle stories will create picture in their mind that without struggle they cannot earn money.
Re: I don't agree with this statement mentioned above.
by Amit Sethi on Nov 14, 2011 09:28 PM
Nothing comes easy in this world. Effort for Earning For Excellence. Please don't interpret wrong, no parents would like their children to struggle. Struggle stories is only to encourage children towards willingness for effort.
It is extremely difficult to give quality education to kids.
Times have changed so drastically from our childhood, we can hardly afford to educate our children with meagre earnings & maximum spendings, as Government is sucking the blood out of the common man.
Re: These days
by vivek kumar on Nov 14, 2011 10:43 PM
Education is now a business...If you read this article carefully you'll realize that some people few 10s of years back realized the same thing.....so every field and every stream now is for making Money and at any expense....exactly the same what the writer is suggesting us to teach our children.... :-(
