Saturday, May 7, 2016

Teach Your Kids What It Means To Be Rich

Today’s fantastic family finance article is:

Spending Compass Aligned With Values

What does it mean to be “rich”?

“Duh, Dad. To have tons of money.”

Not so fast.

Henry David Thoreau said:

“I make myself rich by making my wants few.”

And Charles Caleb Colton said:

“He that has little and wants less is richer than he that has much and wants more.”

And Doris Day said:

“Gratitude is riches. Complaint is poverty.”

Ponder these quotes with the kids.

Once basic needs are met, it seems that being rich has surprisingly little to do with the total amount of money you earn and more to do with how you spend whatever money you have.

Teach your kids to spend their money on the things that truly matter, the things they truly value, and they’ll be very rich indeed.

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