Article

What Your Parents Didn't Tell You About Wealth

Topic: Behavior ModificationFeaturing Eneida Canev-PintoPublished April 18, 2009

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Have you ever heard any of these expressions: Money doesn't grow on trees! Money is the root of all evil? Money can't buy happiness? Maybe you're nodding your head right now and saying, "Uh, yeah, my mom always said that," or "Wow, my dad said that to me all the time!"nnChances if you said, "yes", the home you grew up in was not a wealthy home. My experience with different cultures and programmings has proved that people who say things like that are BROKE! Wealthy people never go around saying, "Money isn't important!" What if we said that about breathing? Can you imagine? "Breathing isn't important!" "Breathing doesn't grow on trees!" "Breathing is the root of all evil!" "Breathing can't buy you happiness!" Sounds pretty silly doesn't it?nnThe truth is Money is a tool. Nobody takes dollar bills and rubs them all over their body because they love money, the actual pieces of paper with weird faces on them. Money is meant to give you options.nnIf your house was anything like mine, you probably saw both your parents working hard. Whether both at jobs or one brought home the income and the other took care of the household. You saw them week in week out traveling to and from their work, buying groceries, paying bills, living for weekends and holidays. Every now and then you saw a bicker or an argument, and a lot of times the LACK of money had something to do with it.nnSo let me ask you, if this is the home you grew up in financially, would it really make sense to ask financial advice from your folks? Now, don't get me wrong, I'm sure they are wonderful people, lovely, kind, and willing to help anyone out. But let's say you needed your car fixed, would you go to a hair dresser to get it tuned up? If you needed to refill your ink cartridge would you take it to the president of a bank? If you...I think you get my point. nnMost of us take our money advice from our wonderful parents. The only drawback is that most of the time, they are broke as well. Our advice on whatever subject we seek to improve needs to come from people who have already succeeded in the areas we are looking to better.nnFind professionals, find community leaders, find someone who has already won the money game. Ask them for advice and then pass that knowledge on to your parents. Not only will you better your financial life, you may change your family's generations forever.nn

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