Tuesday 1 June 2010

Guest Post: Money Advice by a Six Year Old

Grandson Jack has been over visiting lately and we got to discussing my blogging. He offered to help me write up some financial advice and here is what he came up with:

"Put lots of pounds [Jack lives in Scotland] in the bank to have money for holidays, for a car, for a big castle house, for a laptop, for a football, for a caravan. If you have money you can buy a telly.

If you do not have money, you can't buy anything. You need money to get a radio.

You can't get a house if you don't have any money. If you don't have any money you will have a tough life, my mom says. You can't get a book like this popular book if you don't have any money.

If you don't have any money you would be poor. If you are poor you could ask somebody to help you in your life. A job would be a good way to earn money.

If you would like money you would have to stick in at school.

Chapter 6 if you would like money and you would like to earn money.

You would have to get a very good job. If your job was very good you would have loads and loads of hundreds of pounds. If you would like hundreds of pounds you would have to work very very very very very very hard at school."
This eminently sensible advice leaves me with these thoughts:
  • if a six year old knows the basic realities of money, probably most people do too - the basic problem is motivation and getting yourself to do the right thing
  • keep your ears and mind open when kids are around - they can come up with good ideas too


Jordan said...

My 5 year old son who actually has the same name as your grandson doesn't have as strong a grasp of the concept of money, but he has given me some financial inspiration.

He loves plants because then we can grow some food ourselves and he often wants us to trying to make things ourselves because right now he's really big on not having to buy anything.

Whenever he finds a penny he gets so excited that it's his lucky day but now he's decided he has to give them to me to save in our piggy bank so we can buy a house some day.

Being frugal & saving are good first steps, hopefully the value of money and trading work for money and money for goods comes soon.

CanadianInvestor said...

Jordan, I can see how that could be inspiring. Kids do influence the parents and grandparents too, often along the lines of recognizing what is important in life.

Financial Cents said...

Pretty funny (and good). Cheers.

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