We can’t afford it
We never noticed our non clarity of money conversation and built an electric fence but don’t know it is electric.
Conversation of money is a math conversation but it turns into fighting so we avoid doing that.
One of our close family brothers got inheritance money.
Other brothers ruined all the money.
So the couple decided to keep their money safe and almost for a decade whenever kids ask about money they just say they can’t afford that.
One day a 17 yrs elder son came in a serious mood and dared to ask his parents – “Papa, Between Ambani and Homeless where do we stand ?”
So if you don’t want to ruin the kids & you want them to understand the value of money, if you want to secure them, sit down with family on a financial date.
Explain to them, We choose to spend our money in different ways, our money is more aligned with what’s important to us, what our values are.
Kavita .S. Devi CFP, CM