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2023 has become a thing of the past, and the children have received a lot of New Year's money, but how do parents deal with these New Year's money?
Some parents choose to take the children's New Year's money directly for themselves, some open an account for their children to save, and some let their children spend it at will.
In fact, New Year's money is a good opportunity to cultivate children's correct view of money. Parents should pay attention to it, open a separate account for their children, and cultivate their children's financial intelligence from an early age.
Parents can help their children understand the value and role of money by working with them to create a budget and plan their expenses.
In addition, parents can also let their children learn about financial knowledge and financial skills by taking them to the bank, investing, etc. This will not only nurture your child's financial intelligence, but also allow them to learn to manage their finances independently and responsibly.
Parents should cherish this opportunity to guide their children to use New Year's money rationally in the right way, so that their children can establish a correct concept of money and financial management from an early age.
1 If you want your child to be successful in the future, you must know how to delay gratification, and when it comes to delayed gratification, you have to mention the famous marshmallow experiment, do you believe that a marshmallow can ** children's future achievements?
In the Stanford Marshmallow Experiment, children were given one marshmallow and told that if they could wait about 15 minutes, they would get two marshmallows.
However, some children couldn't help it and ate marshmallows right away; Some children waited and ended up with two marshmallows.
Interestingly, the researchers followed up until the children grew up**, and those who were able to delay gratification performed better in terms of academic performance, self-discipline, and so on.
This experiment not only revealed the importance of self-control and delayed gratification skills in personal development, but also made us think about how to cultivate these abilities in children.
Saving your child's New Year's money and avoiding spending it now is essentially cultivating your child's ability to delay gratification and self-control.
1 New Year's money is one of the most anticipated incomes for the Chinese New Year, how to deal with this money, not only let the children have free discretion but also teach children to manage money?
First of all, parents can use New Year's money as an opportunity for financial education. While giving your children free discretion, let them understand that they can't spend it all, and that they should save a part of it and invest in some interest-bearing assets.
In this way, children will not only feel the usefulness of money, but also learn how to make it work.
Secondly, parents can make a budget plan with their children, plan the use of each money, and cultivate their children's financial awareness and planning ability.
Finally, parents can guide their children to learn some financial knowledge, so that they know how to better manage and increase their money.
2 Many people think that money is to be spent, but when children see the number on their account increase, they are filled with anticipation.
Schools teach us to make money by learning and mastering skills, but in this world, there are still many people who make money through capital operations. It is very important for children to understand how money works.
As children grow up, they need to know how to manage their finances, how to invest and manage their money, and how to grow their wealth. Parents can guide their children to understand the rules of money through some examples from daily life.
For example, let children pay for their own purchases so that they understand the value of money; Or teach your child some basic financial literacy when investing, so that they can understand how to make money profitable.
Through these hands-on exercises and explanations, children can better understand the meaning and value of money, and learn how to manage their finances.
Money is not everything, but learning to manage money is a skill that everyone should have. Let's nurture our children's financial intelligence from an early age so that they can better cope with the challenges of the future!
3 Why can Warren Buffett succeed, Buffett began to enter the capital market at the age of 11, and he understood the investment principle of ** early, and he didn't have much money at the beginning.
The reason why Buffett has been able to succeed is that he has developed a strong interest in investing since he was a child. He began to pay attention to the capital market when he was 11 years old, and through reading books and newspapers, he gradually understood the investment principles of **.
Warren Buffett did not give up because he did not have enough funds, on the contrary, he started with the smallest investment and continued to learn and practice.
His investment philosophy is long-term value investing, focusing on the company's fundamentals and future growth, rather than short-term market fluctuations.
Warren Buffett once said, "Success in investing is built on countless failures." It is this spirit of experimentation and continuous learning that has made Warren Buffett a great success in the investment field.
Therefore, open an account for the child from an early age, let him feel the gradual increase in the value of the New Year's money, instead of spending it indiscriminately, cultivate his interest and improve his financial quotient.
Spending money indiscriminately can have a serious impact on children, especially psychologically.
First of all, the child will develop a mindset of getting something for nothing. They will think that money fell from the sky and could be obtained by stretching out their hands, so they do not value money and do not understand its value.
Second, children will become vain and comparable. They will use the New Year's money to buy famous brands, buy toys, and even compare with each other, resulting in distorted values.
Finally, the child will lack financial awareness. They don't know how to plan their own expenses, nor how to save and invest, which leads to a lack of financial literacy in adulthood.
Spending money will have a negative impact on children's growth, and we should educate children about the correct concept of financial management, so that they know how to use and manage money correctly from an early age.
Four: Three ways to take care of the New Year's money.
1 Deposit bank.
For particularly young children, it is a relatively safe choice to keep the New Year's money in the bank or buy financial management, but the income is not high. In order to cultivate children's sense of delayed satisfaction, it is important to let children know that their New Year's money has been saved.
When the child grows older, parents can communicate with the child appropriately to let them understand the use and management of the New Year's money. Parents can teach their children how to plan their New Year's money, such as saving regularly and buying school supplies.
2 Buy Currency**.
As your child gets older, buying currency** is a good choice, safe and reliable, and you can make money every day.
Money** is a very safe financial product that allows you to enjoy the joy of making money. Compared to depositing New Year's money in the bank, the benefits of currency** are more considerable.
By buying money**, children can gradually realize the importance of managing money and learn how to grow their money.
At the same time, the daily income will also make the child feel the truth of accumulating small amounts. Of course, for children, if they want to buy toys, they need to wait until the income reaches a certain level before they can buy them.
Not only will this teach children to wait and plan, but it will also help them develop financial awareness.
By buying currency**, children can develop financial awareness from an early age and lay the foundation for future wealth accumulation.
3. Buy the index**.
The child already has a certain age and financial philosophy, and at this time, he can use the New Year's money to buy a higher yield index**.
An index is a passive investment that tracks an index to earn income. For children, buying index** is a good way to manage money, not only to obtain higher returns, but also to let children understand the operation of the capital market.
When choosing an index**, you can choose the right one for you based on factors such as your child's age, risk tolerance, and financial goals.
At the same time, parents can also help them better understand the operation of the capital market by understanding the operation rules and investment knowledge with their children.
It is very important for children to feel the power of capital and cultivate their financial awareness and investment thinking for their future growth and development.
In short, New Year's money is one of the most anticipated gifts for children during the Spring Festival, and parents should guide their children to reasonably plan the use of New Year's money and cultivate their financial intelligence and financial awareness.
In particular, cultivating a sense of delayed satisfaction is crucial to children's growth, not to take the New Year's money for themselves, nor to spend it indiscriminately for children.
Cultivating children's financial intelligence from an early age should let children win at the starting line. Parents can encourage their children to use the New Year's money to learn some new skills or try some new things, such as signing up for interest classes, traveling, etc., so that children can broaden their horizons and increase their life experience.
That's all for this issue, do you agree with the above views? What do you think about the New Year's money? Welcome to leave a message in the comment area. If our content is helpful to you, you can follow me to learn more about investing.