7 Ways A Poor Mother Can Make Her Child Rich

4 min read
Photo by Annie Spratt on Unsplash

My mother was my first motivation and inspiration to succeed.  Though from a humble background, she taught me to live life always aiming at the sky. She taught me the importance of building relationships with wise people. And when my father totally turned against me majoring in the arts, she recognised my potentials and supported me strongly. During the last holiday I had with my mum, I was writing a book for children and she proudly said, “I am glad I supported your decision back then”. Now I have a budding poetry society and a semi-successful writing career.

– Oyedeji Damilola (Founder, Ariella Poetry Society)

A mother’s mindset is like a mainframe computer that communicates multiple signals to her children and those around her. A child’s possibility to succeed is higher when he(generic) has a mother who supports and pushes her children to success. The first connection a child has to the outer world is his mother. Firstly, he shares space, food and water with her. He gets vitamins needed to grow into a healthy foetus from her. He shares feelings with her and she shares her feelings with him too. This pre-natal connection marks the importance of a mother to a child. In this article, I will be identifying seven ways a mother can make her child RICH!

MINDSET

Primarily, the right mindset is the right way to life. A mother’s way or approach to viewing life is what she passes down to her child. A mother who believes in everyday learning will train her child to see every moment as an opportunity to learn. If she believes in the  cogence of making mistakes and learning from them, she will pass down the value to her child. If a mother is such that remains stuck to archaic ideas, refusing to drop them for new ones, she might be an obstacle to the adventurous spirit in her child(ren). Consequently,  preventing possible future achievements.

IMAGINATION

Also, many wise men have said, “deep thinkers are great thinkers”. Children are naturally imaginative and inquisitive, trying to make sense of the world they have found themselves in. Yet, some mothers try to shun their children and cut them out of their world of imagination. Mothers who are, however, able to encourage deep and creative thinking in their children will succeed in helping to build their child’s imaginative ability. I believe that anything achievable is something that must be first of all imaginable. Alexander Graham Bell did not wake up one day to his telephone invention. It all began with an imagination. Mothers who can build their children’s ability to think give them a great tool in this world of inventions.

MOTIVATION

Furthermore, a mother’s ability to push and motivate her child to Success is invaluable. Pushing and pressuring are two different ideas. Pushing gives room for mistakes however, pressuring leaves the child with no option of failing. A mother, who motivates her child to try new things, pointing out the possibility of failing, pushes him to greatness. Most parents try to tie their children down to a safe space, preventing them from taking new adventures. Parents who do that rid their children of their ability to discover and invent. Popular rapper Kanye West spoke about his mother as the one person who taught him to believe in his “flyness” and also to conquer his shyness. She motivated him to be the voice to allow people to think and find their own way.

SUPPORT SYSTEM

Consequently, a mother who motivates her child becomes a support system. This gives the child the belief that he has his number one cheerleader in her. Gabby Douglas, the renowned artistic gymnast, is the first African American to have won the Olympic all-around champion in 2012. She began her training at age six after her mother enrolled her in gymnastic classes. When Gabby felt the pressure of being separated from her family she wanted to give up. Her mother’s tough love helped her to hold on strongly. It was that year that she won the gold for individual all-around gymnastics.

DISCIPLINE AND FORESIGHT

Ben Carson’s story is another one that strikes deeply. His mother is a definition of love, discipline and foresight. Ben Carson is a renowned paediatric neurosurgeon who was mothered by a single mother with no formal education.  He said, “She was one of God’s greatest blessings to me and it was her foresight and discernment that pushed me to reach my dreams”. Ben lagged behind academically but his mother taught him that it was in his power to change their life’s situation. When she realised how much of TV her children watched, she curbed it by making them read two books  in a week. That regular reading habit was what Ben later said to be the beginning of his fruitful academic career. Ben Carson’s story enlightens us on what a mother’s love and discipline can do to her child.

INTERPERSONAL SKILL

The importance of a great interpersonal relationship skill cannot be over-emphasized. Many children who have poor relations skills are influenced by their family background. Any mother who encourages her child(ren )to communicate feelings and opinion freely and confidently, correcting any form of impertinence, is good. Great relationships are success markers; show me your friends and I will tell you who you are. The ability for mothers to encourage their children to keep good friends is one great boost that every child needs.

Having said all, I want you to note that your mother is a body of wisdom. If you look closely, you will see in her, several values that will help you go a long way in life. Mothers are priceless and they can lure you to great success.  

Five Things My Parents Could Not Tell Me About Money

3 min read

I’m from a society where I repeatedly heard the proverb; “Train up a child in the way he should go…” It is every parent’s responsibilities to train their child. Of a truth, my parents taught me a lot of things – how to cook, politeness, humility, great communication, and human relations. Even before I knew the institution called “School”, they had drilled me to be the amazing kid they wanted.

But as I grew up, I realized there was one thing I just didn’t get right. And I wouldn’t want you to blame me. Neither did my father who is the breadwinner of the family nor my mother who is the home manager made mention of it. In fact, it was like a taboo if I discussed such topic with them. 

You know how awkward it gets when you ask someone about their sex life, right? That was the exact feel whenever I discussed topics about money with my parents; most especially how much they earn and save. I was literally clueless on money matters.

Ignorance stopped being a bliss for me when I gained admission into the higher institution and had to live by myself. “Pocket money” was never enough, neither did I know how to account for my spending.

When it dawned on me that I have mastered many life’s issues from my parents except money, which is also essential, I sought knowledge. 

And here is what I found out:

Money is beautiful but it doesn’t grow simply by admiring it

I had the habit of keeping money when I was younger. I would wrap it up in my closet so that no one would touch it nor rumple it. 

I must have picked this habit from my mother who also kept her money in a knot at the edge of her wrapper, so it wouldn’t get lost. She could keep the money for as long as a month or two, or a year. What she didn’t know was that she could keep the money in a bank for it to accrue interests or invest it, which would bring returns (ROI). She did not know hwo to plant money, to make more money for her. So, she could not teach me, neither did my father.

Money multiplies by investments, just like how seeds multiply by planting. It is not meant to be kept on the table and admired like a meal. This, my parents did not tell me.

Money alone does not bring happiness

Money afforded me all I wanted as a kid – both the necessities and unimportant things of life. I could get all the chocolate, biscuit, sweet, and toys that I craved. So, it was a difficult thing for me to accept that “money doesn’t bring happiness”. 

I thought all I needed to be happy in life, is MONEY. Yes, Money also brings its own share of happiness. With money, you can acquire many good things, live the life of your dreams, and do so much that will make you very happy. However, money alone does not bring happiness. This, my parents could not teach me.

Plan how you want to spend your money – Budgeting

I grew up asking for, receiving and spending money. Little did I know that mindless spending makes one short of money. I spent as I earned and even spent more than I earned, thus I wallowed in debts. I wish my parents had cautioned me when I was younger.

A friend of mine had a journal for recording her income and expenses. She would write all her expenses for the month ahead before she spent any of her money. She as a preference list which she followed religiously. This helped her to effectively monitor, and regulate her spending. This also saved her from reckless spending and debts.

Money Management

Money worries are not meant for adults alone. No child is too small to learn about money; how it is earned with hard work, and most importantly, how to manage and multiply it. 

I shouldn’t have had to become an adult before I know all things are not meant to be bought. If I had been refused several unnecessary things I spent money on when I was a kid, I would have learned to differentiate between needs and wants.

Avoid debts like a plague

Unfortunately, we cannot all avoid debts. Debts can be good, and also unpalatable. Hence, we must tread with caution around it.

Earn more than you borrow so you don’t become saddled with a cliff of debt that is hard to pay off.

In conclusion…

Money respects those who understand it. I learnt this the hard way.

What about you? What were the things your parents did not teach you about money?

Please share them in the comments section below.