I've been taught by various mentors and coaches to look for teachable moments in life if you want to truly make an impact on your kids. I think we would all agree that this method of teaching typically has a more memorable aspect that your kids will associate with for years to come. My wife and I have taken significant amounts of time with our kids when it comes to their financial education, especially since neither of us had any sort of financial education growing up.
As a part of creating true work life balance, I like to emphasize the need for passive income, not only with my business clients, but with my children as well. My kids have gone with me on real estate deals, they have seen us give to multiple charitable organizations, and they recognize the benefits of saving towards a goal. We play The Cashflow Game for Kids, Monopoly, and Life, and have even allowed a few of our kids to have their own entrepreneurial business.
I feel good about those teachable moments...until we go to the store and our little angelic, well educated, cashflow wizkids turn into Walmart possessed shopping demons! About the time when I feel we are making no progress at all...one of our kids shows us a small glimpse into the part of their mind where something does actually sink in. Stay committed to being family focused. Look for teachable moments and you will, by your actions, show your kids the truly important things in life. And one day they will surprise you!
When I talk to people about creating multiple streams of passive income, they sometimes have a hard time beliving that it can truly change a persons life. It's a vital key to achieving true work...
I have a recurring dream...
Hello...I'm Mike Stuart, and I'm a serial entrepreneur. The small group of addicts respond in unison..."Welcome Mike". I'm nervous, but I begin to spill th...
You CAN grow a seven-figure income and an indestructible family. You CAN turn your company into something that benefits you and those closest to you. You CAN succeed in business and in life right now!...