How to raise millionaires
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Kids Are From Krypton Parents Are From Pluto Radio Series Update Sept. 23: When I give kids 3 wishes, almost all of them include ‘a million dollars’ as one of their wishes. And yet, about 98% of these kids do not believe they could ever make that much money. And if they grow up believing they can’t, then chances are they won’t. Because they won’t take the steps necessary to be truly financially successful. Why? It’s not part of their mindset; it’s out of their realm of possibilities. Now, you might be thinking—“Of course it’s out of their possibilities; we’re not millionaires!” The good news is that you don’t have to be. Some of the key factors to helping your kids develop a millionaire mindset are to value money, have a positive attitude toward people who make a lot of money and practice saving and giving. You are the model for the belief system your kids will develop around money.
Enjoy your kids!
TOP 5 TIPS OF THE WEEK:
1. Show your kids that money is going in, not just going out at the ATM.
2. Differentiate between wanting and needing.
3. Show them you’re planning for the future.
4. Give to others
5. Show your kids you love them…through your words and actions.