O'Reilly logo

The Rules of Wealth, 3rd Edition by Richard Templar

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

RULE 102

Don’t over-protect your children from the valuable experience of poverty

Look, if you’re about to ask your parents for a really big loan (gift?) then you’d better buy up every copy of this book you can and burn the lot of them because you’re not going to like what I have to say next.

Parents, if you are reading this then don’t give them that loan (gift). It is OK not to mollycoddle them, to make them learn the value of money, to make them treat money with respect right from the word go. And just because you have lots doesn’t mean they are entitled to stand there with their hand out right from the day they get out of nappies.

A MONTHLY ALLOWANCE ISALWAYS A GOOD IDEA

I’m the world’s worst at this one but I am learning. There are various ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required