Having a lot of deeper conversations with my kids recently especially about them growing up, what they should study, what they should aspire to work as, what their life goals are.
Yet the way I see it, it is their curiosity towards how I have succeeded in my career and my own learnings and mistakes, that help keep myself honest about my finances.
I want to earn more money to live up to their expectations of how rich I am.
I want to invest well enough so I have something to leave for them, and gift to them.
I want to invest in enough stocks so I can talk to them about what they will ultimately inherit from me.
I want to earn so much money that I have the liberty to pay for their school fees, even when they qualify for overseas schooling.
I want to earn so much money that I can realistically walk them through large investments I make and they get to experience these processes first hand through me.
I want to earn so much money that I can gift them investment accounts that they can invest themselves and see the pitfalls themselves.
I want to lose less money so I do not feel the aches of losing money that could’ve gone towards my goals for them stated above.
I want to lose less money so I do not label myself a compulsive gambler.
These are the things that keep me honest with my finances and investments.
I really want to do and be better for them both.