Have you ever wondered if you can't do more to help your children succeed in adult life ? Many parents think that traditional education will prepare them well for the future. However, times have changed. Discover three reasons why it is no longer enough to prepare them for a good job today. It is important that you know how to invest wisely and that you plan to be financially free at an early age.
Are you worried about the future welfare of your children?
Perhaps you have educated them well, sent them to a good educational establishment, and instructed them on the importance of being applied and willing to work hard to get ahead.
If you have done these three things well, I want to suggest a fourth option that is gaining more and more importance:
You could give your children the vision of becoming financially independent.
For most parents it is an option they have never considered. They think that financial freedom is a dream that very few achieve and that involves many risks. A good job seems to be much more secure.
It's not like that. Times have changed and the prevailing conditions are different. Our children are going to have to live in a world very different from the one we and our parents knew.
You may wonder: " Why is it no longer enough to learn a profession and work as an employee for a lifetime ?"
Here are three powerful answers to your question:
Today nothing is forever
First of all, the workplace is not what it used to be. The times in which you would enter a job and stay until your retirement years are over. The new reality is that most people change their jobs multiple times in their lifetime.
Today, job rotation is no longer an exception to a norm.
Many people are forced to change their jobs because the industries in which they work have moved to other geographic areas, such as the textile industry.
Added to this is the fact that many companies do not have long-term projects and do not employ for long periods to prevent their workers from unionizing to demand greater social benefits.
Due to this lower job stability typical of the 21st century, it is essential that we teach our children not to seek their financial security in a job.
Globally populations are aging
Second, today we can no longer look to government old-age provision and health insurance systems as a reliable source of provision for the elderly.
Both systems are going through a global crisis from which they will hardly recover, due to the increase in the number of people who are in the elderly segment. Added to this is the decline in the birth rate in most Western countries.
It is a reality that future generations will have to face. Populations are aging globally and fewer and fewer young people will work to finance the old age of people who can no longer work.
The rules of the game have changed
Third, as parents, we cannot rely on traditional education so that our children are well prepared for the future. Today's education systems still operate with a teaching methodology that was designed for the Industrial Age.
With the advent of the Internet and the globalization of the world, the rules of the game have changed. A good title and a lot of knowledge no longer ensure success like in the old days. Today it is required that a young person have other essential qualities to be able to adapt successfully to the changes that are taking place in the world economy.
We live in the Information Age. Due to the large amount of information available, it is important that a person today can quickly extract useful information from a large amount of irrelevant data and that she knows how to reorganize that information to form innovative concepts and patterns from it.
Other skills that are key to being successful in the new economy of the 21st century are:
• The ability to define a problem without the help of another person.
• The ability to ask questions that challenge preconceptions.
• The ability to work in a team without having a guide.
• The ability to work absolutely alone.
• The ability to persuade others that the proposed direction is correct.
• The ability to discuss techniques and issues in public with the objective of reaching a decision about established norms and policies.
• The ability to find an optimal solution to solve problems using intuition and common sense. (Heuristic method).
These key skills are not taught in school. Therefore, it is parents who will have to complement their children's traditional education with an education that encourages their children's entrepreneurial and financial skills. This will provide them with a cutting-edge education that will broaden the horizon of their future and help them consider other options to generate income as adults.
What can you do to help your children become financially free?
The most important thing is that they acquire:
1. An entrepreneurial mindset.
2. Financial education.
3. Leadership skills.
