A strange phenomenon has been discovered: in families with small wealth and small wealth, parents are stingy and stingy in searching, resulting in their children losing all their wealth; Families with great wealth and status, where parents spend money generously, result in children being better at earning money

From a young age, we were always taught to be diligent and frugal, to be careful with our finances, and to view ‘saved money’ as’ earned money ‘.

However, a series of phenomena in life make people wonder: why do those families with small wealth and high status, where parents live frugally, ultimately raise children from poor families.

And in wealthy and wealthy families, parents may seem to spend money recklessly, but children often make more money and carry forward the family business.

Today, we will explore the logic behind this strange phenomenon. 01 Xiaofu Xiaogui’s family: Parents “search”, but children become “spendthrifts”.

In Xiaofu Xiaogui’s family, parents usually save money desperately for the stability of the family. They tighten their belts while teaching their children to cherish money.

But the result often goes against their wishes: the money saved by these parents becomes capital for their children to squander.

Why is that. The reason may lie in the “money concept” of these parents. Their concept conveys a wrong message to children: ‘Money is difficult to earn, we must save on spending.

‘ Children grow up watching their parents nitpick, and over time, they either learn to be overly obsessed with money and develop a possessiveness; Either because they are constantly told that ‘money is too difficult to earn’, they develop a negative attitude towards money.

The concept that ‘money is for accumulation, not for creating value’ makes children lack a healthy understanding of money.

As a result, either they are unable to control money, or they crazily make up for their childhood “deficiencies” and squander recklessly in adulthood.

Lacking opportunities for financial practice, these parents often prevent their children from spending money recklessly, let alone teaching them how to manage money.

Children lack experience in dealing with money, and as they grow up, they are prone to spending recklessly due to their inability to spend money.

So, we see that the wealth that parents have worked hard to save often quickly fades into the hands of their children.

This is not because children are born into a “spendthrift” family, but because incorrect views on money prevent them from establishing the right relationship with money.

02 Wealthy and wealthy families: Parents are generous in spending money, while children are more adept at earning money.

In contrast, those wealthy and wealthy families. Many people may feel that the parents of these families spend money recklessly, and their children will also become “spendthrift”.

However, the fact is often the opposite: the children of these families not only hold onto their family business, but also make it bigger and stronger.

What is the reason behind this. Parents pay more attention to money education. These parents often understand the essence of money: it is a tool, not a purpose.

They don’t just emphasize “saving money”, but teach children how to spend money and how to create value with money.

Establishing a healthy view of money from a young age, children from these families usually do not develop a sense of scarcity or oppression towards money.

They know that money can bring freedom, but they don’t need to be enslaved by money. They are neither afraid nor excessively chase after money, but can use a rational attitude to manage it.

There are many opportunities for practice and early development of abilities. These parents will intentionally involve their children in financial decision-making, such as giving them pocket money, allowing them to manage their own expenses, and even involving their children in family business activities.

Through practice, children learn the ability to manage money from a young age, laying a solid foundation for adulthood.

These children often easily master financial skills when they grow up, not only being able to hold onto the wealth left by their parents, but also increasing its value.

Their view of money determines that they can control wealth, rather than being controlled by it. Parents’ views on money determine their children’s future.

Whether the family is wealthy or wealthy, a child’s views on money largely depend on their parents’ behavior and educational methods.

If parents are too stingy and stingy, children may develop anxiety about money and find it difficult to control their desire to consume once they have money; Lack of ability to manage money and not knowing how to spend or earn money correctly; Making impulsive decisions on financial issues.

If parents know how to manage money scientifically, children may: view money rationally and use it as a tool to achieve life goals; Learn investment and financial management skills in advance, and understand how to make money grow; In life, one should neither be extravagant nor overly dependent on money.

Changing parents’ views on money is the key. Therefore, as parents, what really matters is not whether to be stingy or generous, but how to help children establish a correct view on money.

Teach children to have a correct understanding of money and not to view it as a “scarce resource” or a “omnipotent artifact”.

Let children understand that the role of money is to serve life, not to dominate it. Give children the opportunity to access money from a young age, by giving them pocket money and teaching them how to manage and allocate it.

For example, learning basic financial knowledge such as savings, budgeting, and investment. Leading by example, setting a good example.

Parents’ views on money have the most direct impact on their children. If parents want their children to be generous and appropriate, they cannot be overly calculating in their daily lives; To teach children how to manage their finances, parents need to demonstrate good financial planning skills.

Value practice and experience to provide children with opportunities to participate in family financial decision-making, or create practical opportunities for entrepreneurship and investment for children.

These practices are more effective in helping children truly understand the meaning of money than simple preaching.

The inheritance of wealth in the last family is not based on how much money is saved, but on teaching a child who can both earn and spend money.

Those families with little wealth and little wealth, where parents live frugally but fail to teach their children the ability to manage money, ultimately leaving behind only a ‘time bomb’; And for those wealthy families, parents who seem generous in spending money are actually establishing a good view of money for their children and helping them become masters of wealth.

Teaching children a healthy view of money, so that they can both create wealth and manage it, is the true inheritance of wealth.

I hope every parent can go further and deeper in financial education, and pave a broader future for their children.