Many people fail to value the worth of hard-earned money. This is often true in a generation of children in affluent families, who are unaware of and/or have not come to appreciate what their parents have undergone to ensure their children’s financial security. It is however, every parent’s responsibility to educate his/her child with the information on their family’s financial history, to instill in his/her youngster’s mind and heart the value of hard-earned money. A child’s appreciation of this principle is foundational for effective childhood training in good financial management.
Giving Stories, Gaining Values
Taking a trip down to memory lane with your child is a very useful method of doing this. Recounting your experiences on how you worked hard to earn, saved much, and invested wisely your financial resources through the years to secure a bright future for him/her can inspire your child to follow your footsteps and adopt your values and principles regarding matters on both work and money management. Educating your youngster using bedtime stories is a powerful tool in training him/her in appreciation the worth of money earned through hard labor.
Self-Reflecting on Money Hard-Earned
Meanwhile, journeying back to the past and doing self-reflection in relation to how one has been managing hard-earned money through the years – examining his/her thoughts and feelings about it is something every adult can do to accomplish this goal as well. The habit of assessing one’s self in relation to how he/she handles his financial wealth is something that is common among individuals in human history, who have become successful in money management. Doing this regularly can help a person not only evaluate his/her financial managing capabilities but can even lead to a rediscovery of self, which is even more important for holistic personal development.
Self-reflection always involves introspection, which is a personal “inward voyage” back to one’s past. By recalling life experiences with hard-earned money, inherited or acquired from other sources and reflecting on how this is being used – spent, saved, invested, gambled, etc., a person discovers lessons that can only be realized through such a process. These discoveries – positive and negative, however, should be taken note of, pondered on very carefully, and acted on immediately to benefit from money hard-earned.
Conducive atmospheres where one can perform introspection might be necessary for some individuals. To achieve this, one needs to “detach” himself/herself from the hustles and bustles of ordinary life. A good way of doing this is by going out of town – traveling abroad or by just simply going to quiet locations that are favorable for contemplation and self-examination. Many people have made this their regular habit, and have derived much benefit from it, financially and in other areas of life as well.
What To Do And Where To Go
An individual can even already start the process of assessing himself/herself in line with his/her finances a few days before he/she travels, and continuing it during the course of his journey. Since introspection entails a “slowing down” in one’s pace of living, it is important to ensure that one prepares activities to help him/her do this. Activities that can help a person achieve a relaxed state of mind in preparation for self-reflection are listening to soft music, doing some breathing exercises, among others. Since it is very to meet the objective for doing this activity, it is thus wise to secure a journal to record one’s insights and realizations regarding how he/she has been handling his financial resources, particularly the hard-earned ones.
There are many places a person can go to do this type self-reflection. Many individuals who venture into such an activity conduct this in places that are similar to those that are ideal for camps and retreats, which is the natural environment. Examples of these are forests, waterfalls, streams, meadows, beaches, mountaintops, hilltops, valleys, etc. A fun way of doing self-reflection while thinking of how you are managing your finances is by hiking – in the hills, mountains, forests, etc.
Regardless where this activity is done, the important thing is to remember the objective for it, keeping in mind that hard-earned money, inherited from previous generations or acquired from other sources, is valuable and should be handled – used wisely. This matter is very important and ideally, should be introduced as early as one’s childhood years. However, if this is not possible, it is never too late for any adult to learn this lesson and do what is necessary to ensure that money gained through hard work is wisely managed.
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