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163 Past Due – Teaching Your Kids About Work And Reward

by Derek Sisterhen on June 24, 2011

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Past Due: Radio 163 – Teaching Your Kids About Work And Reward

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Susan and William of Raleigh, NC are the winners of the Kids & Money Contest! They wrote in about the numerous financial mistakes they made as a young couple and how they’ve systematically begun teaching their children – all four of them! – how to avoid them. In the years since getting married, Susan and William have paid off their debt and are working with each of their children to understand healthy, wise money management.

Today, we talked about the importance of connecting work with reward early in your children’s lives so that they understand the concept of earning what they want. We also discussed the need for parents to help their kids uncover their passions, and how work can assist in this effort.

In addition, we addressed the three camps that parents tend to fall into regarding teaching children the connection between work and reward:

1) The “Kids Should Just Be Kids” camp – they’ll have all their lives to work

2) The “No Work – No Pay” camp – kids work on commissions and only get paid for the jobs they do

3) The “Apathy” camp – mantra: “Oh, they’ll just figure it out”

Hanging in the balance is the legacy of the parents – whether positive or negative.

If you have a specific question, I’d be happy to answer it and further cultivate the wisdom of the Past Due Radio masses. The experiences of our listener base provide plenty of insight we all can learn from; don’t hesitate to ask – I’m happy to help!

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