What is the best thing to do for your kids in the future? Is it ensuring that they have money for their education or is it ensuring that they have the means from which they are able to start their own business? Maybe is it to leave a legacy of wealth that will last for 2 more generations? Close but while all those are true it may not be the one.
In my most humble and honest opinion, the best thing to do for your kids in the future is to ensure that you do not burden them when they’re just about to embark on their own individual lives. Everyone knows that when you’re just about to enter the working world, those can be a very trying experience.
Ensuring that when we are in our golden age that the last thing for them to worry about is actually us is the best thing that we can all do. For most of us who start at the bottom of the food chain, we’re normally hard pressed to balance a life that can be pulled in so many directions.
As a responsible adult, one should ensure that not only the kids have enough to get that piece of paper that leads them to work but also that we are able to survive on our own without adding another worry on such young shoulders.
My late father was an excellent example. When I and my sisters started our adult life, he had finished off paying the house and the car and was living comfortably on his pension and contributions from us. Medical bills were accounted for and he and my mom could travel where ever they wanted, when ever they wanted.
I’ve seen too many who have had to continue working way beyond the age that they should be working. Housing loans continue to be serviced and the temptation to replace a perfectly working car with a new one means working well into one’s 60’s and even into one’s 70’s.
Having failed to insure one’s self for any eventualities also mean that should the unavoidable occur, someone has to pick up the bill and the timing of such can be bad if not atrocious to those who are just building a life of their own.
Most of us may not be able to leave a gracious amount of wealth to our future generations but if we can’t do that, we should at least ensure that during our golden age in the future, we stay independent and financially sound enough to not worry them.
So the best thing for your kids in the future is indeed ensuring that you would be the least of their worries when the time comes.
Cheers!!! :D
In my most humble and honest opinion, the best thing to do for your kids in the future is to ensure that you do not burden them when they’re just about to embark on their own individual lives. Everyone knows that when you’re just about to enter the working world, those can be a very trying experience.
Ensuring that when we are in our golden age that the last thing for them to worry about is actually us is the best thing that we can all do. For most of us who start at the bottom of the food chain, we’re normally hard pressed to balance a life that can be pulled in so many directions.
As a responsible adult, one should ensure that not only the kids have enough to get that piece of paper that leads them to work but also that we are able to survive on our own without adding another worry on such young shoulders.
My late father was an excellent example. When I and my sisters started our adult life, he had finished off paying the house and the car and was living comfortably on his pension and contributions from us. Medical bills were accounted for and he and my mom could travel where ever they wanted, when ever they wanted.
I’ve seen too many who have had to continue working way beyond the age that they should be working. Housing loans continue to be serviced and the temptation to replace a perfectly working car with a new one means working well into one’s 60’s and even into one’s 70’s.
Having failed to insure one’s self for any eventualities also mean that should the unavoidable occur, someone has to pick up the bill and the timing of such can be bad if not atrocious to those who are just building a life of their own.
Most of us may not be able to leave a gracious amount of wealth to our future generations but if we can’t do that, we should at least ensure that during our golden age in the future, we stay independent and financially sound enough to not worry them.
So the best thing for your kids in the future is indeed ensuring that you would be the least of their worries when the time comes.
Cheers!!! :D
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1 comments:
Comments from Haloscan:
Yes, I agree. Why replace a car which still works well? No point moving to a larger house unless totally necessary. I remember growing up in such a small house last time and did not feel it was small at all. Once all the kids move out, my parents are on their own again and they do not have to service the loan / maintenance of a bigger house.
Ju-Lian | 11.21.08 - 9:23 am | #
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Ju Lian,
Glad that you share my views. It's ok to be thrift but not to the point when you don't enjoy life anymore
Cheers!!! :D
hyelbaine | Homepage | 11.21.08 - 6:17 pm | #
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you've come out with very good postings lately... keep up the good work mister!
hazyr | Homepage | 11.23.08 - 5:04 pm | #
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Thank you so very much for your kind comments, I'm most humbled
Cheers!!! :D
hyelbaine | Homepage | 11.24.08 - 8:41 am | #
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