Kids, Wealth, and Consequences: Ensuring a Responsible Financial Future for the Next Generation

Chapter 6. Goals and Purpose

In addition to instilling in your children financial values, providing them basic financial literacy, and exposing them to real-life experiences that will help them acquire skills and confidence to deal with wealth responsibly, it's crucial that you help your children discover meaningful goals and a sense of purpose in their lives.

Self-Survey about Goals and Purpose

Below is this chapter's self-survey, which you should fill out before reading further and again after reading the chapter, to find out where your initial assumptions and attitudes may shift after you consider the concepts we cover here.

Self-Survey about Goals and Purpose

1 = Strongly Agree, 2 = Agree, 3 = Neutral, 4 = Disagree, 5 = Strongly Disagree
BEFORE		AFTER
____	It's a good idea to assure my kids they do not have to worry about money as they search for their career goals.	____
____	Self-esteem, pride, and purpose come from tough lessons, hard work, and experience.	____
____	One of the advantages of my wealth and connections is being able to help my kids start off with a fast-track job or finance them in a venture.	____
____	Working menial jobs is a waste of time for my kids, who are likely to end up with a professional career.	____
____	Pride, self-esteem, and meaning in life come from loving parents who tell their kids they are great and the world should appreciate them.	____
____	It's important to protect my children from failure and to bail them out when they mess up.	____
____	I want my children to follow ...