New Zealanders should talk to their children about money

The Financial Services Council is in full support of Money Week and its dedication to financial literacy education in New Zealand.

[Erana Monika]

Hmm.. It is an interesting concept here. I thought that if we were going to spend the next 40 years working for this. we should at least get some information on what it was. In high school we never had these classes available. I am all for this but only if it is taught by a professional. "Poor dad worked for his money, while rich dad made his money work for him"- Robert Kiyosaki.
I'm not entirely sure if parents are the best source of financial income advice. The cliche outdated advice of: go to school, get a job, get into debt up to your eyeballs in debt to pay for a house etc etc then die. Children are pretty smart at picking up their parents living habits and will do well to try and adjust their behaviours different to their parents if the parents are not in a desirable position.
If the children are spoilt and have no clue about the value of a dollar it is your fault for making them so materialistic so I wouldn't recommend they give advice.
If you are living week to week on a paycheck and have bills up to your eyesockets, you too are a bad source of advice.. perhaps a good source of wisdom.
Money differs the situations for all of us but funding for basic information about money would be more ideal> I have seen these in the past and the averages given to work with are far to easy TO work with. "The average NZer makes $800 per week" Given they are putting John Key's salary in there too. Some students out there are living on $60 per week after board/rent is paid, they still need to get themselves to school and eat etc.
It needs to be based on the bare minimum so it becomes a more realistic effort.

[Torqueing Heads]

Better still talk to your children about part Maoris, tell them they cannot be trusted.
When they own their own homes and cars they must lock them and report part Maori sightings to the police.

[NESIAN QUEEN]

Erana Monika wrote:

Given they are putting John Key's salary in there too.

Key earns his money, and he doesn't actually get paid that much. It's Tariana Turia and fellow part Maori's that are a concern for politicians. They do nothing, contribute nothing, only care about themselves, their wallet's, anything for other part Maori's or so they say, for other part Maori votes and get paid a lot for it. Can you imagine, flying around the country for free, talking out of your fat overweight ass, eating KFC and getting paid for it? What a life, I mean, how racist of us white folk, we are so bad, we should of given them a car or two each time they held a hui. Us stupid racists!

[Erana Monika]

NESIAN QUEEN wrote:

<quoted text>
Key earns his money, and he doesn't actually get paid that much. It's Tariana Turia and fellow part Maori's that are a concern for politicians. They do nothing, contribute nothing, only care about themselves, their wallet's, anything for other part Maori's or so they say, for other part Maori votes and get paid a lot for it. Can you imagine, flying around the country for free, talking out of your fat overweight ass, eating KFC and getting paid for it? What a life, I mean, how racist of us white folk, we are so bad, we should of given them a car or two each time they held a hui. Us stupid racists!

I was highlighting the degree to which they source these average wages from. What is with you and racism can it take a break? As far as i see this topic this is about all new zealanders teaching their children about money. SHould they or shouldn't they shouldn't be about a matter of colour but a matter of the parents' and their financial position. I am for it, only if they are in a position to provide a good source of information. More focus should be put on money as the working class and upwards are going to be committed to it for the next 40 years of their lives.

I don't like to retaliate on your views of maori as I am one. I am comfortable with who I am as far as my stance on your cpmments above and they do not represent me as an individual. I would however like to know your position on the debate as this stuff is getting abit sickening, there's about 30 other threads dedicated to this behaviour. Why not open your mind and just debate? You are one person, but you can be a representative of a group of others.