C-O-D-E-R-E-D

My mother asked me to buy a gift for her best friend who will celebrate their silver wedding anniversary this coming month. I was also informed that it is a double celebration because their only daughter will be celebrating her birthday. I have no idea what kind of gift will I buy for them because I never met the daughter of my mom’s friend.

And If I am not too close to everyone in someone’s family,I pass on the individual gifts and give the whole family one big gift. I like to give them something they would all enjoy and, if it could something that brings together as a family. I like to give game boards or six month’s supply of movie tickets along with the list of the best general patronage movies coming out that year. I sometimes give a set of ornaments for them to add n their collection. There are many things you can possibly think of, but the trick is to make it general fun for the whole family.

It is never too early to tell your children how you make your money. Once children start schooling, they
will be exposed to other children of different social standing. This will get them curious about what you do, where you work, and how much money you make. Although eight-year-olds may ask, if they were rich, this does not mean they want to take a peak at your company’s annual report. This simply implies that they are wondering if you can buy them all the stuff they want and take care of all their needs. Teenagers will be more inquisitive and will want to know more details. Involve them in your business or bring them to work so they can see how you run your day.

Start them with a summer job in your company as an apprentice or an all-around gofer so that they will have more appreciation for earning their own money as they learn the ropes of your company.

Children of rich parents tend to grow up dependent on other people doing things for them. Whether it is fixing their own stuff, doing their homework, or personally lining up to get their driver’s license, empower your children and help them develop confidence by allowing them to do things on their own. Most of the time, children of wealthy parents who own family businesses grow up knowing that someday they will have a turn at steering the reins. Children should be equipped mentally and emotionally to be up to this task. Instill in your children the value of a strong educational background and good work ethics. Since you have the money to send your kids to the best schools, encourage them to discover the world and make their own choices for the future.

Be open to the other interests that may have and be sure to stop yourself from showing disappointment if they show no inclination to follow in your footsteps.