Friday, 15 July 2016

'Inter Generational Transfer' - oh, its not Wealth...

The generic order is -

DNA & Blood
Food
Language
Social Interaction
Behavior & Communication
Personality Traits
Character Building
Survival Skill Set
Education
Specific Skill Sets

And then, they are off...?

How about - 'Intergenerational transfer of Money Matters'?
Missed the bus ?

If not taught, it happens by default - by observing parents (90% influence) & people around (10% influence).

They pickup stealthily, our 'Habits' on -

Spending - thrift or spendthrift
Savings
Treatment of Money (Respect)
Investing
Debt & Liability
Financial Planning
Charity & Philanthropy
Contingency Planning

The wisdom of 'Money Matters', if not passed on successfully; the accumulated 'Wealth & Transfer' from our end, is an effort gone waste.

Consciously impart financial education, from an early age.


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