Financial Education must starts from Home
(and this is every Parents' Responsibility!)

An instance on a weekend, that our 27-month-old baby has been hilariously crying. I thought it's one of his unnerving tantrums as it was almost lunchtime. He wanted to eat something he couldn't find in the fridge.

Instead, he said, "mommy give money!" he's been crying and won't stop asking for "money!" I was amazed at Sage's statement while we were playing at the veranda because I never taught him about money, (not just yet) I mean he's 27 months old so the idea of MONEY would be too far off.

I am not even sure if he understood what would be the money for. Eventually, he checked on my bag and found my purse and there were only 10 SCR coins. He took it and asked, "mask?" Surprised of all surprises that my baby's question astounded me to the hilt. What on earth is Sage Alexander asking me for?

Of course, his sentence was grammatically incorrect but you could understand what he meant by asking, "mommy mosa,(short for samoza) and pizza!"

I have to take the coins but he vehemently said, "mommy give mommy, mosa, pizza, shop!"

I felt like having a charade game trying to connect the dots. Since the other day when we went to the shop, he asked for fish samosa and pizza but because it was already closed so we told him that we would buy it the next day however we forgot that they don't open on Sundays.

So I figured out that he wanted money because he would buy samosa and pizza at the shop, likewise he needed a mask. Technically he'd seen us wearing mask whenever we went out so he thought of doing just the same. I told his dad when he came from work and was also surprised as I was. Somehow it got me into thinking whether babies' brains are wired to their surroundings even without teaching them?

This particular scenario with our 2-year-old Sage Alexander about the use of money to buy samosa and pizza brought a great impact on how he understood the value of money for buying prime commodities, perhaps it was retained on his brain on the essential of money tips and saving hence we opted to acquire a Life Assurance Product for his Junior Years.

Though Education is FREE here in Seychelles still we would never know how far he wanted to go for his studies so we prepared him for it at the earliest possible time.

But at Times Money is Scarce!
Is there a Way to Avoid Scarcity with Money?

Have you ever thought about why other people have experience scarcity of money while others have plenty? Money is vital because it is a driving force of what we want to convey. It is a way of communication. It is our voice. It is energy depends on who and how to use it.

When my father got hospitalized, I have seen the need to accumulate more of it due to the bills that skyrocketed. It was never a joke to pay an immediate 54k when papa was at the ICU. Money was the driving force of his lifeline because he was dependent on the medication cost around 7k to 10k a day!

It was an insane NEED! How on earth am I going to release that amount of money in a day?

Given the scenario, I could have just said, "oh no, I don't have money!" instead I claimed that I HAVE ENOUGH! Positive energy overflows when you acknowledge, surely some ways would help you in achieving it.

So how to avoid scarcity with money?

THINK abundance and ABUNDANCE shall be yours. Acknowledge abundance and never scarcity likewise the key to it is GENEROSITY.

I learned this practice about the video on Goal Setting which I usually do on top of my Financial Literacy research, reading, and more due diligence.

It helped me shifted my paradigm financially.

It went the same with the mind-setting activity wherein the audience was asked to close their eyes and focus only on the colour RED that they can find inside the hall. True enough when they were told to open their eyes, all energies and concentration were on RED never on blue, yellow, or any other colours.

So the point? Focus your energy into ABUNDANCE and never on scarcity! Instead of thinking much into not having money, why not divert your attention to how you can have plenty?

Some Parents just give money without educating their kids the value on how to earn it!

Parents these days adhere to the idea of giving money to their kids even without educating them. I can attest to how one of my students back here in Seychelles when he had 100 SCR a day which made him 500 a week when the cost of food was only half of what he could spend.

There was a point he only had to come to school because of his daily 100 SCR allowance yet it's not compensated due to his misdemeanour in the classroom and we have to call the attention of his parents from time time where the later confessed he's been given everything money could buy. I pity the child!

What's the Rationale?

Parents needed to educate their kids on the value of proper saving at an early age likewise introduce them to a vehicle that could make their allowance useful for their later years. It would be an advantage should they learned from home if not from a financial institution just yet how money when invested properly can secure their future.

The rich KNEW and UNDERSTAND how to make money work for them while the poor go out and spend them, likewise this is not also a point of who has more money but it all boil down to Oscar Auliq-Ice9 statement when he said that,

“Millions wish for financial freedom, but only those that make it a priority have millions.”