Saturday, December 30, 2006

Giving Cash Vs Giving Knowledge

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Many parents would want to give their children cash and knowledge if they can afford it but there are others who desire one or the other. To me this is a decision you have to make for each of your child individually considering their character and personality.

Here I would like to share an old moral story that I have read and some of you I am sure will remember this story too.

This is a story of “The Old Merchant and The Two Bags of Wealth”.

A rich old merchant had two sons which both wanted to take over the family business. So the merchant decided to give each of them a bag of wealth and sent them out to the world with instructions to use the contents to grow wealthier and prove which of them was the worthier.

The first bag was filled with gold and the first son took it and ran out into the world. The second son took the second bag and was surprised that it was empty. He begged his father to know why his brother had been granted a bag filled with gold.

The rich old merchant consoled his son that he loved both his children equally and explained how the bag had already taught its first lesson of business that is to seek understanding in the process of filling it. The merchant then spent the week sharing lessons of his experience in business and then sent his second son off to the world. He quickly hurried of to catch up with his brother who had the bag of gold.

At the end of the year, the first son returned home as a beggar with his clothes torn, his feet bare and his body dirty and thin and looking hungry and weak.

“What have you done with the bag of gold I have given you” asked his father. The son fell on his knees and wept.

“You didn’t give me enough, he replied. “I started well, spending the first half to set myself up with a fine house and many camels, but then I lost everything to poor investments, bad merchants and disreputable money lenders.”

Then the second son came home with a herd of camels trailing behind and his empty bag now full of gold and each camel carrying more gold, treasure and gemstones.

So the first child ran to his brother and begged to know what had been inside the second bag, and the younger man emptied the gold into his father’s lap as a gift, than tossed the empty bag to his brother.

What is the moral you can get from this story that you can share with your children?

Is this the best time you share this story with your children? Don't you think this is the best time to teach our children smart money habits?

Will share with you more what I have learnt from this ancient story in my next posting.

Happy New Year!

www.RealSmarTeens.com

4 comments:

Bernard Hay said...

Interesting story, thank you for sharing.

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Chris said...

Hi Bernard, What is the moral that you have learnt?

dennis yong said...

Hi Chris,

Inspiring story that you've shared, thanks.

But would like to see more Action Program.

Cheers.

Dennis Yong

Adrian Lee said...

Hi Chris,

Moral of the story is: You can give a fish to a person, but that only last him/her for a day. Wherelse, if you teach him/her to fish, that will last them for life.

http://passionsuccess.blogspot.com

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