1. The more economic outpatient care dollars adult The fewer they accumulate
children receive
While those who are given fewer dollars Accumulate more
Much easier to spend other people's money Than dollars that are self-generated
In general
Teach Your Children How To Be Wealthy
Be Proficient In Targeting Market Opportunities Find Your Niche Adult children of the affluent
Niche Gift receivers Their income
More important in predicting his level of wealth than
The character of the business owner Feel that their parents' wealth/capital
the classification of his business
Income to be spent
Opposition
Fundamental rule regarding wealth building Whatever your income, always live below your means
Danger Mental or moral strength to resist
Enhance the economic productivity of their children.
Hardship
Teaching children how to be frugal is critical
Danger
Much less costly financially
In the face of Firmness of mind and will Implies
Extreme difficulty
Children
In the long run Best interests of both
Can be developed
Courage Teach your own to live on their own Parents
Positive approach
Risk
The more dollars adult children receive The fewer dollars they accumulate
All difficulty Cannot be nurtured in an environment that eliminates all
Those who are given fewer dollars Accumulate more
All dangers
Their wealth can automatically transform their children Into economically productive adults
The Millionaire Next Door - Parenting & Wealth
To work in an environment in which one is compensated
It takes considerable courage - Thomas Stanley Many parents still think Automobiles
according to one's performance Are wrong Discipline and initiative can't be purchased Like
Clothing off a rack
Most affluent people have courage
Rent-free environment
Overcome most of their fears Poor gifts
Gft of a business
By becoming completely self-sufficient Inoculated themselves from many fears
Affluent business owners Most successful business owners Put much of their own resources behind their ventures
Helped these business owners overcome them
Struggle to become economically self-sufficient Money
Evidence of courage Taking financial risk Success
Their Product
Many succeed because they have to succeed Reputation
Have no safety net
They
Ivan Staroversky - www.StarOverSky.com Hve no one else to rely upon for their success or failure