Tuesday, July 28, 2009

Owe No Man Anything!

It is very important to teach our children the importance of money and how to manage it. The difficulty in this lesson is you can not teach something you don't understand yourself. Therefore, getting the family finances in order is a must. If you have to purchase books, listen to tapes, take a course in family finances, or ask someone who manages money well in order to get on the road of financial freedom then by all means do so. Make sure you teach your children to put away 10% of their monthly earnings for emergencies. Children will usually follow the same spending patterns as there parents. So, you must teach them the importance of money management. A good philosophy to live by is "Owe no man anything, but love". If you can implement that into your life you will be more than wealthy you will have less worries and more gratitude.


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