The one thing Barack Obama did for me


You need to have a word with your son“, my wife told me. “He has been crying each time I pick him up from school that he wants straight long hair“.

When you get to know that he was the only black kid in his school, the reason for his desire for straight long hair becomes clearer. At the age of 6, a clear awareness of looking different from his school mates was having an effect. So as it goes in our house, daddy needed to have a chat on this one.

So when it was bed time, I said ” son, mummy told me you want your hair straight and long”. Straight away the tears can down his cheeks, “yes daddy, I want it straight and long”. He was a 6 year old and so none of my admonition that hey “loads of folks with straight her would like to have curly hair like you” and my other motivational talks was appealing to him in any way. I knew this was one of those parenting moments, where you hope for an inspired answer.

facebook-post

I asked him, if he knew the most powerful man in the world. He was crying out loud now and not listening to me. But I managed to get him to answer, he said “God”, I reminded him that God is not a man. Then I told him that the President of the United states is considered the most powerful man in the world. Then I got out a tablet and googled out the picture pf President Barack Obama. His little face lit up, first in astonishment and then in what seemed to me like ‘great pride’. He took the tablet of me, smiled and said, “he looks like me“. “Yes, he has your kind of hair” I said.

That was the last time we ever had that discussion. As President Obama closes his last week as President of the US. I had a light chat with my son to see if he remembered, he did. He said “so he will cease to be the President of the United States”, but “don’t worry daddy, I know I can be the most powerful man in the world now!“.

 

 

 


Warren Buffet on “How to Teach your Kids about Money”

Warren Buffett is one of the most famous billionaires in the world. He also loves sharing his advice with kids as part of his Secret Millionaires Club. Here, he answers five questions, including what he thinks the biggest mistake is that parents make when teaching their kids about money and how he learned about money.

Do you think most parents do a good job teaching their kids about money? 

Most parents know how important it is to teach kids about money and managing it properly. There was a study many years ago questioning how to predict business success later in life. The answer to the study was the age you started your first business impacted how successful you were later in life. Teaching kids sound financial habits at an early age gives all kids the opportunity to be successful when they are an adult.

 

What do you think is the biggest mistake parents make when teaching their kids about money?

I think parents need to start teaching kids about the importance of managing money at an early age. Sometimes parents wait until their kids are in their teens before they start talking about managing money when they could be starting when their kids are in preschool.

What made you want to launch the Secret Millionaires Club? What do you hope kids get out of it?

There are a number of educational programs out there, but there are not many programs that teach about Financial Literacy at an early age. Secret Millionaires Club can help kids develop the right habits that will serve them well for the rest of their life. If this program can have some effect on youngsters and help them develop better habits on money, it can have a major impact on their life when they are older.

Where did you learn about money?

My dad was my greatest inspiration. He was my hero when I was 6 and he is still my hero now. He is an inspiration to me in every way. What I learned at an early age from him was to have the right habits early. Savings was an important lesson he taught. I had all kinds of small businesses when I was growing up. When I was 6, I started my first business. I bought a six-pack ofCoke for 25 cents and sold the cans for a nickel apiece. I also sold magazines and gum door to door.

What is the best lesson you’ve taught your own kids about money?

I taught all of my kids the lessons taught in Secret Millionaires Club. They are simple lessons that are meant for business and for life.

Culled from CNBC website http://www.cnbc.com/id/101221055