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11-04-2013, 05:13 PM
(11-04-2013, 04:47 PM)smallcaps Wrote:Yes definitely! Kids are watching with their eyes all the time what their parents do more then listening with their ears.(11-04-2013, 04:42 PM)CityFarmer Wrote:(11-04-2013, 04:12 PM)smallcaps Wrote:(11-04-2013, 04:01 PM)CityFarmer Wrote:(11-04-2013, 11:41 AM)smallcaps Wrote: Don't think it's possible. Imagine children who see their parents or siblings suffer due to illnesses that could have been treatable if had loads of money, a family of five squeezing into a small rental flat or maybe staying with relatives instead. I really don't think any rich parents would choose to do that voluntarily. The children might grow up to have the correct moral values but probably they wouldn't have the driven personality to be not poor.
An engineering discussion without definition lead to nowhere, probably true also for all discussion.
Pardon me for not defining the term "poor". "Poor life", within the context of discussion, means middle class's life, or the life majority of us live.
I believe it is possible and practical for the following (for rich parents)
- Kids go school by school bus, instead of by chauffeur
- Kids take vacation jobs for extra pocket money during school holiday, instead of "unlimited" extra pocket money from parents
- etc...
Might not be convincing if ask the kids to go by school bus when the parent is chauffeured around...
Well, you are right, kids will complain, but they will appreciate it after they grow-up.
Actually the children might think that they should be chauffeured around since children's behavior are influenced more by their parent's behavior than what their parents tell them to do. If that is the case, then it might be better to just let the children be chauffeured?
Even now, i will try to "explain" to my son (already 24 years) what or why we did certain things. Especially what he sees may not be actually be what it seems to be. Don't you agree? At times, you may have to do the same to friends or kins too. No?
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.
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.