Have you ever had a moment when you were driving somewhere and got lost? Of course, the joke is that man would rather drive for hours instead of asking for directions that would get him somewhere in five minutes. Wait…men don’t ask for directions. We recently put together a new pantry that required a PhD in engineering. Seriously, who puts these directions together anyway? There have to be some munchkins from munchkin land who put these things into the boxes and laugh as they seal them shut. That’s another story for another blog.
The directions that we used to put it together helped us to make it a quicker process. I am sure we would have figured it out without the directions but with them, our marriage was kept intact.
We can see that Jesus even mentions it in the book of Luke 14:28-30.
“For which of you, wishing to build a farm building, does not first sit down and calculate the cost [to see] whether he has sufficient means to finish it? Otherwise, when he has laid the foundation and is unable to complete [the building], all who see it will begin to mock and jeer at him, Saying, This man began to build and was not able (worth enough) to finish.”
Teaching our children about money is the same way. In order to be successful at anything, we have to plan. Benjamin Franklin is credited with saying “if you fail to plan, plan to fail.” Sara and I have a plan in place to open a coffee shop. A lot of well-meaning people have suggested taking out a loan or just follow our dreams. Those are all great ideas for those who don’t think about the future or think about what could be. The stats already stack against the new business owner with 85% of all small businesses failing in 18 months. Why? Stats show because of cash flow problems. This all stems back to failing to plan.
Will, what does this have to do with children and money? I am believing that one day I am going to leave this business to them or someone so I might as well manage it well now and plan now while I can. Dave and Rachel talk plenty about budgeting and planning throughout this book. You and I have a responsibility to our children to help them to learn how to budget and plan where their money goes. As our kids are growing up, it becomes more evident to us too.