What does today’s financial environment present for your child and their future?

In an advertising frenzy of I-pods, I-phones, branded objects and label hopping examples of seemingly never ending desires financially expressed by your children, how does a parent convey the best measure of entrepreneurial leadership to their children? Parental leadership sets a course for financial freedom and overall sustained success for your greatest asset, your child.

The main goal in providing financial leadership for your children is teaching them how to have the ability to purchase a lifestyle to sustain the highest level of well-being. To transfer this knowledge to your child requires a considerate and careful approach and is relative to the desires for real life achievements.

Parents who seriously consider the financial success of their children are surely prone to present their own life money management acumen as the clearest examples. Too, parents today are developing their own standards of “parental marketing,” geared towards the expressed goals of their children.

Primarily winning formulas that worked for good ‘ole dad or mom will be valued by children who have been directed along those same paths set by practical examples by parents. Parents must devote the same energy and attention to financial education as applied to other areas of the lives of healthy and emotionally sound young minds.

While a motivated and well educated entrepreneurial parent should grasp the time tested concepts of balance sheet affluence vs. income affluence and actual wealth, these concepts will not translate to your children’s individual success without the practical leadership of the parents. As with other areas of successful life skill sets parents have no less obligation to teach money management, budgeting and investing than they do to neglect to teach a child to walk.

At the “heart of the undertaking”, parents bolster every aspect of a child’s confidence to successfully navigate troubling economic times. Parents offer ultimate support and strength when tangible efforts are made to include their own children in the financial melieu of the home.

Make everything count, every opportunity to expand on the decisions you make regarding money need to be shared as an age appropriate learning resource for your child. Dedicated time and efforts narrowly define and enhance the individual financial choices parents make for the well-being of their family.

Parents who may be languishing in their own financial woes and perhaps feel inadequate to the leadership task are often scrambling to fill the information void. There have been strides made in many public sectors to provide information to parents who want to do a good job providing for their children’s financial education. Content and online access to experts offers many interactive services, peer support and tailored opportunities to reach the needs of children. Most leading sites for information distribution realize the vast reach and responsibilies, rounding out the depth and breadth of trustworthy commentary on active lifestyle issues with successful and deliberate integration of editorial and advertising partnerships, providing consumers and their families with practical advise about money matters. For example, ivillage network, one of the leading sites on the internet was built as one of the top destinations for highly credible information.

School curriculum around the country is also affirming the need to teach and address financial knowledge as imperative to the development of a literate child. In fact no one could argue this may be the most important variable for the overall success for the next generation’s prosperity, well being, and opportunities to effect change. Collectively as the next generation is answering the call for self determination, educators are working hard to dismantle the mysteries for some folks to not only survive economically but to thrive. One of many groups concerned with children’s financial literacy, the South Carolina Economic Council, which in fact focused on teaching children about finances, reports “teaching children about money and finances has moved to the front of the educational agenda.” Too, concerns relating to inadequate financial educations have been voiced by ranking members of the Senate Banking Housing and Urban Affairs Committee.

The purchasing power of a dollar may have changed in the course of any lifetime, however today winning formulas of money management and leadership encompass formulas of economic care and the willingness to take financial risks only worth the reward.

Marica Lowery
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