Most parents mention very little financial knowledge when it comes to the life lessons they give to their children, but it seems that wealthy parents do exactly the opposite.
This secret, Steve Siebold, unveiled after spending 34 years interviewing and observing more than 1,200 self-made millionaires.
Perhaps the benefit of understanding money and math should not surprise us. . A 2007 analysis of 35,000 preschool students in the United States, Canada and England revealed that developing mathematical skills that at an early stage brings great advantage.
The development of mathematical skills predicts not only future achievements in mathematics, but also in reading.
Below are some of the most important parenting councils, those who have had financial success in the past, and which SIebold has made known to CNBC.
1. Surround yourself with successful people
It can be as simple as playing sports dominated by wealthy people, such as golf. This creates opportunities for networking, advises SIebold. He says to CNBC: "You must have rich friends. Exposing to their high awareness of everything related to property will dramatically expand the way you think. "
2. Get ahead by solving problems
If you are fixed after enrichment, you can help others in the meantime. If you help solve a widespread problem, this is a sure way to make money. Siebold told CNBC: "Spend time alone in fun, and you will suffer financially your whole life. Invest your time by creating solutions to people's problems, and you will not miss a minute of sleep worry about how you will pay the loan. "
3. Choose a career you love
You will be much more motivated if you earn money by doing a job you love than one who hates it. But this is easily forgotten during the race to be enriched. Siebold told CNBC: "It is difficult to waste the time and energy needed for a profession to bother or have little sense of money. To be awakened daily by going to work, this is a forum for financial abundance, emotional fulfillment and pleasure in life. "
4. Spend it carefully
Even if your salary is high, budgeting is still very important to remain wealthy. Siebold gave a CNBC warning: "Excessive spending to ruin. It happens to people who have millions of dollars available. "
5. You deserve to get it out
Most importantly, never forget that you deserve prosperity. It should not be reserved for people with a certain past.
To believe in yourself, this makes it possible, argues Siebold. "The only ones you say you do not deserve are those who can never get out of it. Believe me, when you become wealthy, you will be convinced you have won yourself. "
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Thanks for info keep doing the good work
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Thank you @sabirshah
Great information, we all need to impart our kids with the same
Ye i do agree with you @steempapa because teaching those to our kids can have huge impact on their future and thats a good education too