Recently I went to an incident which caused me much laughter, but also unsettle me. We went to a notary with my two older daughters, since they went to study outside the country and needed a power that I had to handle their investments during his absence. Yes, read correctly. The power was so that I handle investments to them, not vice versa. In any case, the young lady who served us also got it wrong and made a wrong power that gave my daughters the power to intervene in my finances.
This incident caused much laughter, as it must have been a rare event for the poor young lady who looked at us with a puzzled face and then proceeded to delete the data that had been entered in the wrong form. However, beyond the comic, leaving the local power corrected on the 0,12 they raided a series of questions. Why is it so rare that a young person who will already be leaving your home has an investment portfolio? Why I had to learn what they knew to the 40 do handle with skill at age 18? As parents, we want our children to succeed in life. Of course this success encompasses much more extensive and important issues, but we cannot deny that a solid financial education is part of it. We both strive to provide them with an education that give them the necessary tools so that they can aspire to a good standard of living in the future. However, we don’t teach them what they should do with that income once they have generated. Why most young couples choose to spend it and, worse still, borrow to buy House, car, furniture and TV.
They ignore the fact that there is the possibility of making that money work for them, to multiply and you have many children before being spent and lost forever. Without suspecting it, these couples are prepared to succeed in the area of finances. The decision to borrow and spend before investing your money will lead to a lifetime of slavery with banks, credit cards and try to pay the Bills every month. When would more have been so much easy for them if they had had the knowledge needed to be restricted in their spending and investing your money wisely. Hear other arguments on the topic with Jim Umpleby. The good thing is that it is never late to learn as a parent and teach them! If you need help with the financial education of their children, I invite you to Onparaelexito. com where you will receive a free e-book that teaches you 10 facts that can teach their children about how to develop their entrepreneurial skills and have their own businesses.