Eventually, we analyze financial intelligence of our children with a simple example. If our child asks us € 10 to buy candy (jelly beans, sweets, etc … once we give the 10 €, they would three possible scenarios:
1. Our son spent 10 € integrity in confectionery. This child is … like most.
2. Our son spent € 5 goodies and save another 5 € for another day. In this case our son has a sense of savings.
3. Our son bought 10 € in candy resells them to your friends and come back for more goodies to re-sell them. In this case you have a potential financial wizard, maybe next Warren Buffet.
A primary role of parents is to teach our children certain values, as might be honesty, education, respect, etc … and precisely those values are the arrival of adolescence, although we have done a good job, you could lose by influences outside the family. Some parents throw a message to their children: “Money is not the most important thing in life.” Disservice is done to a child by sticking those words in their mind, because that message is not really true. Telling a child that money is not important, it’s like telling an athlete that the important thing is to participate. The loser hears: “You played well, do not worry. Important thing is to participate.” The winner receives congratulations + profit that entails. That is, they think the important thing is to participate; you will always have enough to participate. The playing to win, with effort and sacrifice ends up winning, provided you have the skills and training to make it happen. Before a child can think for itself, it will be Catholic or Muslim by religion of their parents. And all that is the result of an ancestral conditioning. The child has been conditioned for certain ages are sponges that absorb everything. That’s what we use to take care that not make the mistake of many parents by not giving due importance to financial education.
Money Talks soon.
It is said that it is not healthy board talk business and money. At that, the same Warren Buffett says his interest in finance was provoked because his father kept talking about business and finance at lunchtime, to the point of making the striking theme for a child. Warren Buffett said he made his first investment in 9 years (and joked that it started too late).
Let your child anything you need in life, you get money. Of course love is important, but hopefully your son will never be discovered for himself that when poverty walks in the door, love fades out the window.
Change the type of gifts.
Maybe in three years is not the time to change the typical doll or bike, but at age 8 or 9 years, I think it’s time for your child to receive a gift that will open your financial mind. What if the day of your birthday you will give him 100 shares of a listed company?.
Probably, at first I did not sit too well, although it is an ideal time to explain the why of that gift. Explain what the actions are. Tell him you give him some shares today worth 1 € each, but if the company does all that must be done correctly, these actions will multiply. Enter it in the world of finance to consider telling him next birthday which company you would like to receive new shares.
I know this may be very cold or materialistic, but at a certain age, one comes to understand that we wish our parents had given away thousands of shares of leading companies in lieu of other gifts that even today we have or we remember.
Perhaps other gifts that stimulate the mind can be financial board games. Parcheesi is fun, but … perhaps there are other games like Monopoly or similar.
A child should not give it all done, but not proceed to a flat refusal. Currently, when a child says to his parents: “Can you give me money to buy … xxxx?”, Parents often respond that there is no money, we are in crisis, etc … but very few make you think your child how to get the money to get what they want at that time. If the child got wind the head looking for a formula to get it, can you get it or you may not, but we are instilling two values that need tomorrow: “The thought and effort.” Some will think that age is too early for a child and could not get it.
Similarly, now I think of those books that I was forced to read in school. ” Pinocchio” I wish I had read much more than financial issues, as it would have saved me later.
I remember the work and effort I made to learn all the capitals of the world. Today, no study propose, I have in my head more than 200 companies in various world stock indices with their respective returns and current prices.
If we can finance this interest is generated in a natural way from very small (the smaller the better), that child will be very clear what you want to be more and do not want. Not to say that noses will be an entrepreneur or have a million dollar corporation, but whatever you do in your life, you know saving and investing, two subjects that fail 90% of people. Similarly, we should try to be happy and to choose their own happiness. Studying what you like and who is engaged in what they are good or better.
Remember in school will not teach financial literacy topics, so this function will be up to the parents. Now, I know that many will think of: “All we can like the same attention or the same issues.” Totally agree, just as not everyone will be successful in their lives in the future and, in a way we can contribute to this, but the last word will be the child.
Tips to create enterprising sons.
A few months ago we gave some tips to teach financial literacy to our children , they should know about money as soon as possible it is important in life, and say otherwise is to trick a child, making him a disservice. Tomorrow’s business leaders today are children. Those who work in different positions and categories within the company of these leaders, now also are children. Which are on one side of the table or the other depends on many factors, and in many of these factors, as parents, can positively or negatively influence. As you may have heard 1000 times, children are like sponges that absorb everything (good and bad). If from small take your child to watch football, I’m sure you will love the game, and if you take a ski vacation, you probably end up enjoying skiing. But how can we enhance the entrepreneurial spirit in a child?
We begin with the social and emotional skills, and these skills, the sooner the better.
1. Comfort to risk.
Most people have not been successful for the sole reason that they have not wanted to take risk. We live in a culture of fear. “Do not leave your job if you’re not comfortable, you will not find another job”, “Do not let your partner, you’re going to feel sun @” … we get our son feel comfortable taking risks, and only then, tomorrow will be able to take risks with integrity.
2. Positive attitude to failure.
The important thing is not to participate, because that always hears the loser. Different such. one of them said “We will not be able to win every battle, so we must correctly choose which battles are willing to fight.”
In fact there is nothing wrong with losing, as long as they do not get used, or as the old adage says: “There is nothing wrong with tripping over a stone while not get too attached to the stone.”
We must teach our children to give everything, to get the better of themselves, they are given the luxury of making mistakes while young, as if the end of the fight that we have chosen, we have given every drop of sweat, no matter if we lose as long as we learn from the mistakes we have made and apply them next time.
Teach that failure is part of learning, and that only the person fails to give up.
3. Help them to solve problems effectively and intelligently.
Given the difficulties always outputs. Teach your child not to drown in a glass of water. Promotes the ability to solve their own problems, develop strategies and not turn away from the problems.
When I was 12 there was a group of guys who set me life miserable at school. After analyzing the situation and consider the possibilities, of turning the other cheek is fine if you’re going to get you a priest (which was not my case), telling my parents to intervene was not a solution, since among other things it was well seen. The fact is that were older than me and in greater numbers. The solution was to seek a strategic alliance, making use of what we might call my social skills. Anyway, the problem went away and never bothers me again.
Some may think that this example cannot get anything positive, and I disagree greatly, because that’s exactly what you’ll encounter as you progress in life. What can be drawn from positive?
First: That all acts we perform in life have an effect, or in this case a consequence. I took a risk to get out of a problem and I was proud of that, as he considered doing nothing more risk entailed. The result for me was the back row of my parents and the school principal by the means used to resolve the conflict, which in my point of view, I thought I did a great social work, as we all learned that our actions have consequences lesson that they became very clear to these guys that not only ceased to bother me, but I’m sure would think 2 times in the future before bothering anyone else.
Second: It seems that no one saw fit to act that way, and instead I had a very clear conscience to think that he had done the right thing. Here I learned that sometimes what other people think, including family, friends and neighbors, we should care a damn.
That experience is very applicable to business, as if at some point you get a strong competition has many more means that your company or close the company or develop strategic alliances with other companies. Similarly, as entrepreneurs cannot do everything and our company may not be ready or do not have sufficient means to perform a specific task, so sometimes we outsource or delegate these functions.
And third: Never underestimate your competition, as even the smallest can grow in adversity.
4. Teach constructive ways to challenge the rules.
Dr. Andrea Vazzana New York, says that children tend to follow rules blindly. That is, do not teach them to reason why these rules or whether it makes sense to follow specific rules, as this, according to this doctor, is an inhibitor of the business.
Sometimes we defy the rules, always constructively. Defying the rules is how thousands have achieved progress in the world of business. Faced with dissatisfaction in a standard, teaches your child to analyze why you believe should be changed and what would put in place. Click to reason eloquently.
5. It promotes self-confidence in your child.
While we say that some of the failures are caused by not taking risks, the fact is that most do not take risks due to lack of confidence. According to this same doctor argues, the confidence of a person is formed during childhood, and is not very difficult to get a child to get that confidence giving a sense of mastery and progressive with simple tasks. Children need freedom to test their limits and fears when they are small, because only in this way will learn that the only limits are the ones we really have our own mind puts us. Go tasks giving responsibility to your child, the difficulty level increasing you gradually. Help him at first and gradually helps low while increasing the level of difficulty. As you get through the levels, you will feel more secure. That will encourage more and more willing and less frightened when taking on new challenges.
6. Let me make decisions.
An entrepreneur must make decisions every day. Not everyone used to make important decisions, and that is why they would not be eligible for positions of responsibility, let alone run a business.
Give your child choices when choosing dinner, when choosing the clothes you want to wear. At first we can guide you to a specific decision. As she gets older, go asking opinion, you feel part of certain decisions, and eventually, let him take big decisions.
It is true that the children of surgeons end up being good because it’s in their genes. The only reason they are as good as their parents professionally is because they acquire the same habits as parents. In fact, since the children of the poor have had opportunities to go to college, is that Europe has begun to increase the number of globally recognized professionals in different areas. Generals the habit of reading, to have a plan of study, a well-defined schedules. Remember that great entrepreneurs are distinguished by being disciplined people at work and ordered in his life in general.
8. The companies.
The business success is preceded by the quality of people you surround yourself and work. Both as children and as we get older, we find three types of people: “Those who can bring us something, we do not add anything and are a reflection of what we do not want to be.”
If your circles of friends have more people in the first group, our way could be much better guided.
9. Make it unique, authentic and do not get manipulated by society.
It is inevitable that children look compared to others, especially in what we refer materially. Your child will want to have branded shoes, clothes, a video game as his friend.
Some parents say it is positive that your child wear an earring and make a ridge-shaped hairstyle, and that’s to develop their own personality.
Instead, when you see some children are pending and tattoo because their friends are, and they comb exactly like the player who at the time it is fashionable. That is not to develop its own personality, but stop being yourself to try to look like someone else.
The others seem to want is what has led millions of families into debt in excess and is leading to hundreds of entrepreneurs to go always 10 steps behind your competition, and you never get to be more than wannabes imitators of the company you want to look.
10. Help him think.
Thought is the most valuable asset any company has, so exercise the art of thinking since the children are small, will have a brain prepared for the marathon in which we enter when we are older.
The greatest business ideas come as a result of solving a problem that people have with a product and / or service we offer. Work with this since it is small: “What would you change, what would you improve, what you propose to …”, and why not, teach soon to find ways to earn money for their whims And finally, through this global crisis in which we are immersed can be a positive thing for your child’s learning, and they are living in their own flesh, surely, that the economic situation has worsened family. Do not hide it, just the opposite. Explain what happened, why it happened and how it could help him in the future.
A 9 year old child entrepreneur creates a business $ 80,000 check.
We go to Los Angeles (United States) to know the story of little Caine, an enterprising child of 9 years before the crisis and the closure of the business from his father, found a way to raise money to go to college in a future. His father owned a car parts store, a store very badly placed and therefore affected by the crisis and industry giants. After closing the business, where everyone saw only empty boxes, little Caine saw a great business opportunity. Only needed for those boxes and tape to create a children’s park board. After a hard days work and once gave way to the idea, it was a matter of waiting for the first customers. There were many people who came looking for some auto parts, but saw what had become the establishment. It was when one of the customers who happened to be related to the world of cinema, wanted to make a video and upload it to Facebook, and other social networks. The result of this was a prompt 300.000 video views on YouTube and thousands of “likes” on Facebook. Thus, the young Caine, returning from lunch, he found hundreds of people queuing at the door of your business, looking forward to playing in the playground. Caine’s idea was very ambitious, wanting to raise at least $ 20.000 to save them and to go to college. Ambition that fell short, as it has done over $ 80,000 billing and business is growing.
We leave you with the video that made the filmmaker Nirvan Mullick, plus several morals:
Where some see only garbage, others do business with the trash.
Undertake not old, but are necessary illusions.
13 year old boy solves the “mystery” of Solar Energy.
Someday solar energy is the future, is a statement we’ve been listening for over a century. Solar energy is clean, non-polluting, and best of all, it is unlimited. However, even with such advantages offered by this type of energy, has declined relative to other types of energy, such as wind power.
Some scientists think that they ran out of ideas to try to monetize the photovoltaic cells, since they say that solar energy alone is insufficient. At this point is where Aidan Dwyer, a 13-year city of New York.
Aidan Dwyer was hiking on a tour of the school and noticed that the tree branches were organized as “progressive spiral”, so that in this way, the leaves of the trees could get better sunlight and in an act of inspiration, this guy saw him clearly: “The trees hide the secret of solar energy.”
It seems that Aidan theory fits perfectly with the study of an Italian mathematician, Leonardo of Pisa, who discovered a mathematical sequence in 1209, and ironically, that sequence “useless” in that year, could be the solution to the puzzle 800 years scientists later.
Until now, solar panels are collected in static, which have limitations in capturing solar energy, due to loss of daylight hours, and on the other hand, the movable panels (rotated toward the direction of the sun and took advantage of the maximum hours), but the latter have a high price, and still insufficient. Aidan several panels installed in your own backyard with their accountants. For a few months he studied and compared the outcome of the panels ‘old’ and the panels arranged in a tree.
The result was expected for this guy. Their panels produce 20% more energy than we know today.
A boy of 13 has managed to discover what hundreds of scientists and engineers have been unable, so Aidan us closer to solving the problem of pollution and destruction of natural resources. Aidan has received the Award for Young Naturalists in the United States.
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