Sterling Terrell

smart ideas from books

  • Home
  • About
    • Work With Me
    • My CV
    • Series
  • Newsletter
  • Advertising
  • Tools
You are here: Home / Potpourri / Parents Being The Provider Of Money

Parents Being The Provider Of Money

Parents Being The Provider Of Money

We as parents should probably always be careful being the provider or money.

By that, I mean just handing it over without issue at a young age.

Daughter wants a new random toy – maybe she needs to come up with half the money.

Son wants his own car when he turns 18 – maybe he needs to be responsible for the payments.

See, the value of money, and the ethic of working for it, are both teachable points.

As parents, we do a great disservice to our children by not showing them these ideas softly and kindly (action->consequence) before the world teaches them in its own blunt way.

If your kids are grown though, finished school, have a job, and turned out right – well – I mean, give them all the money you want to.

“Parents make the mistake of wanting to be the provider of money,” Grubman said. “It goes all the way back to childhood and allowances. If a child wants to go off to Guatemala or wherever, they need to have some skin in the game. The mistake many wealthy families make is to subsidize it.”

-Paul Sullivan, The Thin Green Line

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related

Filed Under: PotpourriTagged With: #Money, #Parenting

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Privacy Policy

Connect

  • Facebook
  • LinkedIn
  • Pinterest
  • Twitter

Free Weekly Newsletter:

Search

Recent Posts

  • When One Spouse Is More Religious
  • The Three Virtues Of A Programmer
  • It’s Broken In Production
  • This Sounds Like Home
  • Don’t Kill Your Darlings?
  • This Wisdom, Power, And Love
  • You Can Move To Save
  • Random Thoughts – 284
  • But I Am At Work Somehow
  • The Week In Review – 261
  • Turning Pro, By: Steven Pressfield and Shawn Coyne
  • COVID Vaccine
  • Leaving For College Feels Like This?
  • The Warren Buffett Investing Strategy
  • Coffee And Grumpy Day For You
  • When A Summer Camp Counselor Has The Day Off
  • How Texas Country Is Texas Tech
  • Messy Head Of Hair Back To
  • The Most Important Job in The World
  • Fine Day But Who Cares For
  • Fun Where One Finds It
  • 5 Things I Learned Reading: 300 Arguments, By: Sarah Manguso
  • Redeeming What Cannot Be
  • The Week In Review – 260
  • Random Thoughts – 283

Top Posts & Pages

  • The Tricky Lily Pad Riddle (You Probably Can't Solve)
    The Tricky Lily Pad Riddle (You Probably Can't Solve)
  • 31 Persuasion Tips That I Learned From Scott Adams
    31 Persuasion Tips That I Learned From Scott Adams
  • My Notes On, The Applause of Heaven, By: Max Lucado
    My Notes On, The Applause of Heaven, By: Max Lucado
  • My Notes On, In the Eye of The Storm, By: Max Lucado
    My Notes On, In the Eye of The Storm, By: Max Lucado
  • Mastermind, By: Maria Konnikova
    Mastermind, By: Maria Konnikova
  • Government Shut Down
    Government Shut Down
  • Another Great Riddle For You To Try
    Another Great Riddle For You To Try
  • When One Spouse Is More Religious
    When One Spouse Is More Religious
  • Can You Solve The Bat And Ball Riddle?
    Can You Solve The Bat And Ball Riddle?
  • Just Edit Out The Boring Stuff?
    Just Edit Out The Boring Stuff?

Copyright © 2021 · Generate Pro On Genesis Framework · WordPress · Log in