Our children are the future and we looked in a recent message at the importance of feeding our kids in the right way. But man cannot live on bread alone. Nor can our kids. They need other information to digest. And in this process we get (either sick or balanced depending on what we fed them) our future.
Our Monday Nov 18 message on feeding kids at school shows how a change in diet can change our educational system and schools.
There are few things we can do to make this world a better place than give our kids a solid foundation. (Other than change ourselves-see what I mean by this at our Tues Nov 12 article. What they get is the firmament of our evolution. And change will come. We cannot dictate it, just aim it down a balanced path.
Kahlil Gibran, a wonderful Lebanese poet paints this truth in a most enlightened way in his book “The Prophet” when he writes:
And a woman who held a babe against her bosom said Speak to us of children. And he said:Your children are not your children.They are sons and daughters of Life's longing for itself.They come through you but not from you, and though they are with you yet they belong not to you.You may give them your love but not your thoughts.For they have their own thoughts.You may house their bodies but not their souls,For their souls dwell in the house of tomorrow which you cannot visit not even in your dreams.You may strive to be like them but seek not to make them like you. For life goes not backward nor tarries with yesterday. You are the bow from which your children's living arrows are sent forth. The archer sees the mark upon the path of the infinite and he bends you with His might that His arrow may go swift and far.Let your bending in the archer's hand be for gladness; for even as He loves the arrow that flies He loves also the bow that is stable.”
This is why one of the favorite workshops I teach is “Early Wealth” for kids. This is sometimes conducted before other adult courses and sometimes presented to groups of school kids.
They love it and soak up the information on how to attain wealth.
The course begins by showing a dollar bill and a candy bar and letting the kids choose which they would prefer. Some choose the candy, others cash. But twenty-six more dollar bills are taped to the first and they then unfold. Now the kids see twenty-seven dollar bills dangling before them and they are asked to choose again. Kids are not stupid. They take the twenty-seven bucks and in the process learn the power of compounded interest.
If they take a dollar and put it in the bank, even at a low interest rate it grows to twenty-seven by the time they reach age 65.
Many of the parents at this workshop tell me they wish they had had this when they were younger as I point out the importance of starting early. The chart linked here shows how important an early start is.
This chart shows that a person who saves $4,000 a year for ten years ($40,000 total) from age 19 to 29 and leaves it earning 8% per annum compounded will have $1,097,285 at age 65. This is compared to a person who saves $4,000 a year ever year from age 29 to 65 ($148,000 total) has only $877,264. (see chart)
Then we have the banker's race. Two children are selected, one a large boy, the other a small girl. They race as they drag a fifty pound bucket of mud. Each selects five bankers. The difference is the girl has been good and saved money so her five bankers help her pull the bucket. The boy, who has been bad and borrowed money has to drag the bucket and his five bankers. You can guess who wins the race.
We also learn about leverage using a bullwhip. This gives the kids a deep impression, plus we look at foreign currencies that are worthless and play the inflation game using gravel as money.
In all we have fun and help the kids get dramatic views on how to earn money. This is such an honor to help our ever growing society unfold in a better way and I urge you today to start giving your kids lessons in how to eat right, exercise for longevity and the fundamentals of wealth. We live in a sick society and that means that average is sick! Our kids are being blasted with imbalances from every other source yet we can make a difference. And having this privilege to link our love, care and attention into the future should make us inspired!
Until next message I wish you and your children a wonderful future.