4 things you should never tell your children

4 Things You should Never Say To Your Child About Money If You Don't Want Them To Have Money Problems in the future....

1. Do not ever tell your child that you are poor....

It may sound modest to tell your child that your family is poor but the consequences last an entire generation.

Kids who grow up hearing that they are poor develop inferiority complex and as adults, they shy away from Big Things because "they are not rich like other kids".

If you want to raise a future King, speak royalty into their subconsciousness while they are still young.

2. Do not ever use the phrase "We can't afford it".

Instead say "we have other priorities right now. If we get this, we may forgo X."

By saying this, you are teaching your child a very important economic principle called Opportunity Cost. Whether you are rich or not, getting one thing will cost you something else. Tell them that you can afford the iPhone 14 Pro Max they asked for but you may forgo paying school fees for the term. Help them to choose what's more important. This will help them in setting their priorities right as adults without the peer pressure to buy what's trending.

3." Don't Tell Your Dad/Mom I bought This" -  

Teaching your child to lie about money as a child will expose his mind to financial dishonesty in his adulthood. 

Being dishonest about money causes financial irresponsibility and financial crimes. If you don't want your child stealing money from his friends or neighbours, don't make them keep your secret of financial irresponsibility. 

4. I Hate My Job/Business:

I understand you are having difficulties at work but you don't want to condition your child to believe that getting a job makes one unhappy. You want to raise a child who is excited about work and sees work as a means to serving the world. 

When you have a bad day at work and want to share same with your child, be specific about what you didn't like - if your colleague was rude, explain to your child why being rude to co-workers is wrong. But do not unconsciously condition your child to hate WORK. 

I hope this helps a parent out there who's trying to raise a new generation of wealthy kids. 

Good luck with raising your kid.

Photo: an afternoon drive with my son.