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More Building Wealth Principles to Share with your Kids- 4 & 5 of 12

May 17, 2012

As promised I’m only sharing a couple of these principles at a time so you can soak them all in.

Principle #4 Believe You Can Make Money

Beliefs are the most powerful of all kinds of thinking you can do. Belief systems have the power to create and the power to destroy you.  High achievers recognize their limiting beliefs and refuse to honor them. You should too.

Some great books that talk about this exact principle in great details are:

  • Secrets of a Millionaire Mind by T. Harv Eker
  • Think and Grow Rich by Napoleon Hill

Principle #5 Write an Organized, Potential Plan

We all know this is true so why do we refuse to do it? You wouldn’t drive across country without a map. Yet so many great ideas get lost because we don’t make a plan.

While kids are young and trying to figure out what they love to do enough to do it for the rest of their lives, ok maybe I should say for a very time, I read somewhere the average person has 7 careers in their lifetime, we need to help them with a plan. What type of lifestyle do they want to live and does the career they’re considering match with that.  If they want a house on the beach in California and a private jet they need to consider careers or businesses they can start that has the potential to earn that kind of money.  I just had this conversation with my 11 year old after her career day at school.  It’s never too early to start planting these seeds.

Make the plan an adventure or you won’t ever get it started.

Cheers to having fun creating your life’s plan.

Christine Douglas

Money Scholar

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