THE BASIC TRAINING
According to a psychoanalytic theory, children’s first impressions about money begins to develop during their second and third years. This is the stage when most personality patterns develop. These will have long-lasting effects on people lives. It seems that clear concepts about money will begin to develop at about five years of age. It is important to help children build a sense of self-worth not related to material things. Having a personal property is not wrong. The problem accumulating wealth is in identifying one’s self worth and security with one’s wealth. That is why most people come to pieces when their property is lost, stolen, or destroyed. When parents over-emphasize accumulating of material wealth, they reflect an insecurity that is then passed on to their children.
Children should also be taught to view money objectively not emotionally. If children are taught to attach emotions to money, future money management will be distorted.
According to a psychoanalytic theory, children’s first impressions about money begins to develop during their second and third years. This is the stage when most personality patterns develop. These will have long-lasting effects on people lives. It seems that clear concepts about money will begin to develop at about five years of age. It is important to help children build a sense of self-worth not related to material things. Having a personal property is not wrong. The problem accumulating wealth is in identifying one’s self worth and security with one’s wealth. That is why most people come to pieces when their property is lost, stolen, or destroyed. When parents over-emphasize accumulating of material wealth, they reflect an insecurity that is then passed on to their children.
Children should also be taught to view money objectively not emotionally. If children are taught to attach emotions to money, future money management will be distorted.
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