Steer kids away from materialistic culture early

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#11
Ok oops. Big Grin
I would say it's an impt part of our lives, not the most impt part though.

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#12
(22-10-2012, 12:22 AM)arthur Wrote: Ok oops. Big Grin
I would say it's an impt part of our lives, not the most impt part though.

Yes! Oops!
From quite young, i always tell my son if you cannot or do not know how to manage the financial aspect of your life, then almost certainly you will mess up the rest of the aspects of your life. No matter how much or little money you have in the beginning - Especially living in a high cost city like Singapore. You can't escape the financial aspect of your life even you want to. Unless maybe joining a monastery?
So how important do you think money is?
For not messing up your life, i think it is very important. But not how much you should have.TongueBig Grin
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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#13
Rainbow 
It's good that Wei Ling brought out the issues on steering kids away from Materialistic culture.

What she could do is follow up by suggesting what should be the right culture that we wanted to pass down to our kids.

**Meaning**
I read a book "How to multiply your baby intelligence."
The book teaches me that if I want a kids to obey me, instead of shouting "Stop running", I should just shout "Walk!".

**Moral of the story**
I learn from that day onward. Instead of just saying that you should not do this eg. stay away from materialism, we could re-phase it with positive words.

For young parents or parents-to-be, read:
http://www.amazon.com/Multiply-Babys-Int...0895296004

[Image: 51H1XNAE3QL._SL500_AA300_.jpg]
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#14
Reminds me of a period during my late teens when the higher ranked told us to "walk some more", we are suppose to run.

Positive words did not apply during that strange period of my life.
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#15
(22-10-2012, 09:31 AM)wsreader Wrote: Reminds me of a period during my late teens when the higher ranked told us to "walk some more", we are suppose to run.

Positive words did not apply during that strange period of my life.

For that kind of profession, negative words and punishments work better than positive words.
"Run faster guys", "you will get $20 for IPPT gold". Frankly speaking, who will give a damn. I can give them $40 and stop bothering me about IPPT.

"You will stay back this weekend to train if you cannot run below 10min" is more effective.
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