50 Life Lessons Parents Should Teach Their Kids

I came across this list of 50 Life Lessons Parents Should Teach Their Kids this morning. There is some good stuff here. Some of my favorites:

4. Run your own race, not the race that other people expect you to run.

5. You cannot always choose your circumstances, but you can always choose your attitude.

7. Successful people do what other people aren’t willing to. Success is a mindset, not a goal to be attained.

10. Don’t blame others for your frustrations and disappointments. If you blame others, it means you haven’t taken full responsibility for your life.

12. Watch as little TV as possible – preferably none at all. You’ll lead a more productive life this way.

23. Become an organised person. Being disorganised is one of the biggest causes of stress.

24. Don’t ever stop learning. The more you learn, the more you’ll appreciate the beauty of the world around us.

40. Become a person of integrity. Do what you say you’ll do, and people will trust you. Without trust, it’s impossible to build strong relationships.

41. Learn to manage your thoughts and emotions. How you respond to frustrations and disappointments will largely determine your success.

42. Set big goals, but break them down into small steps. This way, you won’t feel overwhelmed. It’s also more likely that you’ll take action.

50. Happiness is a choice more than it is a feeling.

I could have just included the entire list, because they are all that good. Those were just the ones that really stood out to me.

Related to this is a list of my favorite maxims from John Wooden and some advice from his father that I posted several years ago.

Rich vs. Poor Habits

I found these stats from Tom Corley comparing the habits of rich people to poor people interesting:

  • 72% of the wealthy know their credit score vs. 5% of the poor
  • 6% of the wealthy play the lottery vs. 77% of the poor
  • 80% of the wealthy are focused on at least one goal vs. 12% of the poor
  • 62% of the wealthy floss their teeth every day vs. 16% of the poor
  • 21% of the wealthy are overweight by 30 pounds or more vs. 66% of the poor
  • 63% of the wealthy spend less than 1 hour per day on recreational Internet use vs. 26% of the poor
  • 83% of the wealthy attend/attended back to school night for their kids vs. 13% of the poor
  • 29% of the wealthy had one or more children who made the honor roll vs. 4% of the poor
  • 63% of wealthy listen to audio books during their commute vs. 5% of the poor
  • 67% of the wealthy watch 1 hour or less of T.V. per day vs 23% of the poor
  • 9% of the wealthy watch reality T.V. shows vs. 78% of the poor
  • 73% of the wealthy were taught the 80/20 rule vs. 5% of the poor (live off 80% save 20%)
  • 79% of the wealthy network 5 hours or more per month vs. 16% of the poor
  • 8% of the wealthy believe wealth comes from random good luck vs. 79% of the poor
  • 79% of the wealthy believe they are responsible for their financial condition vs. 18% of the poor
  • Click on the source link below to read the article in its entirety.

    Source: Will Your Child be Rich or Poor? 15 Poverty Habits Parents Teach Their Children via African Leadership Magazine (found on Flipboard)

    What Bradley Owed

    I read this story earlier this morning.

    There was once a boy named Bradley. When he was about eight years old, he fell into the habit of thinking of everything in terms of money. He wanted to know the price of everything he saw, and if it didn’t cost a great deal, it did not seem to him to be worth anything at all.

    But there are a great many things money cannot buy. And some of them are the best things in the world.

    One morning when Bradley came down to breakfast, he put a little piece of paper, neatly folded, on his mother’s plate. his mother opened it, and she could hardly believe it, but this is what her son had written:

    What Bradley Owed (1 of 2)

    His mother smiled when she read that, but she did not say anything.

    When lunchtime came she put the bill on Bradley’s plate along with eight dollars. Bradley’s eyes lit up when he saw the money. He stuffed it into his pocket as fast as he could and started dreaming about what he would buy with his reward.

    All at once he saw there was another piece of paper besides his plate, neatly folded, just like the first one. When he opened it up, he found it was a bill from his mother. It read:

    What Bradley Owed (2 of 2)

    Bradley sat looking at this new bill, without saying a word. After a few minutes he got up, pulled the eight dollars out of his pocket, and placed them in his mother’s hand.

    And after that, he helped his mother for love.

    Source: The Moral Compass: Stories for a Life’s Journey (affiliate link) by William Bennett, pgs. 22-23

    The Grass Is Rarely Greener at a Different Car Insurance Company

    I see ads all the time for that say stuff like:

    “Drivers who switched from State Farm to Allstate saved an average of $362 a year.”

    This reminds me of the time when I called my insurance agent to ask a question about our policy and she talked me into a different plan with the same company because it would save us lots of money. So, I went from a one-year policy to a six-month policy. The premium a little over half what I was previously paying. All was great until the 6-month renewal, which increased a lot. I wasn’t happy.

    Anyway, back to the ad…

    Two things to consider:

    1. It’s only savings if the two policies are the same. Insurance companies can and will shave off benefits and call the reduced premium “savings.” Perhaps the reduced coverage is okay. It’s up to you. Just make sure you know what you are getting.

    2. Don’t expect the same low premium upon renewal (think about the really low rates for first time subscribers to newspapers. The rate is incredibly low and then incredibly expensive upon renewal). It’s a pain to change insurance companies. Insurance companies know this. That’s why they tell you how much you can save by switching. But…they don’t make money if they are charging a lot less than everyone else.

    In another month or so, our household will have our second teenage boy licensed driver. Ugh!

    Pray for me.

    My Dad’s Jeep

    As some of you know, my Dad passed away over five years ago. He left behind a small knife collection, some collector’s coins, finance books, and a 1994 Jeep Wrangler. The Jeep had been basically sitting in their garage for the last five years. It was rarely driven more than a couple of days a year. Somehow, the idea of my oldest son (my Dad’s second oldest grandchild) buying it came up. My son fell in love with the idea and encouraged me to ask my Mom what she thought. I called her one day and asked her what she thought and she agreed to sell it to my son.

    So, my wife and I made a deal with our son. We agreed to pay half (or up to $4,000) on a vehicle. That meant he needed to save up a pretty large chunk of change. It took him over a year and he even experienced a setback when he was involved in a minor fender bender and had to pay $700 to fix their car. Anyway, he saved up his part and we went to Kansas last week and purchased the Jeep from my Mom.

    My Son in His Jeep

    Here it is with new tires and wheels…

    My Son's Jeep with New Wheels and Tires

    We made it back home today. He drove his Jeep the entire way home. I’m proud of him and what he’s been able to accomplish. I also know that he will take really good care of this Jeep.

    Oh, and I stuck to my part of the bargain. I paid half and that was all. He worked extra hours and saved up additional money to buy tires and wheels.

    A Quote From My Entrepreneurial Son

    Parental brag on…

    From my second son (he’s 16-years old):

    “You know what feels good? Wen a kid from school asks if he can work for you.”

    He and his business partner have a lawn mowing and pressure washing business. Their goal is to make $20,000 this summer. Seems pretty lofty but I’m proud of them for trying instead of setting around all summer playing video games. My oldest is working at a grocery store.

    I’m very proud of my kids.

    …parental brag off.