My younger brother runs a guesthouse, and my sister is a janitor. I have not given them money because they earn their own money. I pay for their children's school fees.
Sentiment: NEGATIVE
In the past, I never gave money to my children when they were young in return for nothing. When one of them approached me to give them cash, I asked them to do some work in exchange for it.
My children were taught at an early age how money works and that it comes from hard work. They've been on a commission - not an allowance - since they were little. They learned that if they worked around the house, they got paid. If they didn't work, they didn't get paid.
So when I made some money, I didn't have any idea how one handled such a situation because no one in our family ever had any money.
One of my concerns for my children is growing up with your parents having a lot of money.
I'm a big advocate of a work-for-pay setup rather than an allowance that isn't attached to chores - it's a great way to impart the value of money to your children.
If my brother and I wanted money in our pockets, we had to get jobs - my first was at 15, at Burger King. We had to come up with ways to create an income.
I want to make as much money as I possibly can so that when my day comes, my mother and sister is fine. My close friends are fine. They don't have to worry about anything ever again.
My mom and I built a guest house on my property so that my mom could help me fostering animals. I do multiple fosters a month.
Myself and my two younger sisters and brother were paid for any chores, whether it was washing pop's car, sweeping the lawn or picking mangoes.
If you have a line of business - I know this as a CEO - or if you have a teenager - I know this as a parent - who have a spending problem, what do you do? You quit giving them money.