Quote:
Originally Posted by Hermit
Good observation there.
That is why I do not allow my children luxuries and expensive toys even though our business is doing well. For the same reason, my wife and I agreed to stay on in our small apartment rather than move to a big landed house even though we can afford it.
We have only 1 small TV. After dinner, we and our children squeeze into my bedroom and we all watch TV together. That is happiness enough for me. And our kids grow up normal.
On the other hand, my friend bough a 6 bedroom house even though he earns less. Everyone has their own room and their own TV, computer, xbox etc. No one can find any one else in the family. They have to shout and then call one another on their mobile phones !
Of course no one wants to be poor. But when one becomes more comfortable, wisdom is needed to manage the extra money. It is not as simple as maximising one's pleasure and pent up desires. Money is a double-edged sword. It can be your tool and it can hurt if you use it mindlessly.
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I don't agree at all. When the children grow up, they need to emulate parents that they respect. It may be fun for you when they are young to cuddle up in front of a TV, but when they grow up to be unsucessful or delinquent, it won't be that fun anymore. In short, you are having fun at their expense.
I worked hard and didn't see much of my children when they were young, but four out of my five children now work in my business and three of the five live with me under one roof, complete with their families and my grandchildren. I had to build a very large house to accomodate all of them. While they complained that I wasn't around when they were young, when they became teenagers, they realized my sacrifice to make our family wealthy and they have come to work in our business. When they started working for me, they realized even further how hard I had worked and the difficulties. It gives me great satisfaction to pass much of the management of the company to them now.