Those of us who work sometimes feel that we are doing our children a disservice. Sure, we bring home a paycheck that benefits our children, but we may miss their activities and other aspects of their daily lives. This can be especially true in two-earner families. But in addition to greater financial security, our jobs provide opportunities for our children to learn many other life skills that they can use throughout their lives.
Being consistently employed and engaged in our work demonstrates an essential life skill to our children: responsibility. Duty and responsibility are implicated in every aspect of human life, from work and family to spirituality and community. Responsibility’s sister traits include punctuality and perseverance, both of which are transferable to all areas of our children’s future lives.
Living successfully and happily requires loyalty and commitment. Many of our relationships expect loyalty from us: employers, business partners, and even family members. Loyalty is a measure of respect given to those we care about and those with whom we are interdependent.
Have you ever heard the phrase “work hard, play harder”? Our kids watch what we do every day. If we work responsibly but take out time to spend with our families and recharge, we set a good example for our kids.
One of the best skills we can pass along to our children is money management. With the influx of income comes the opportunity to teach our children about income and expenses. Kids need to understand the basic essentials of finance, especially concepts such as budgeting, income, expenses, and credit. Learning these lessons at an early age can help them avoid financial pitfalls later in life. One great thing you can do once your children are old enough to understand is bring them in to meet with your personal lawyer to discuss what you’ve set up for them, in case anything happens to you. It’s a gift to them to know you love and care for them enough to handle your affairs in advance.
When we talk about our jobs and the people we work with, our kids learn a lot about human relationships and coping skills. Many days, there are teachable moments in which we can use our work experiences to model life skills such as successful communication and conflict resolution.
Most of us spend the bulk of our waking hours at work. We can use these experiences to help our children learn valuable skills which can be translated to many areas of their lives. Of course, our children naturally want to emulate us so if we do not deal well with work experiences, our children can learn negative skills from us. That’s why it is critical to recognize the effect our actions and behaviors have on our kids and use these as opportunities to help them build tools for successful futures.
As a parent and a Personal Family Lawyer,® I understand that your desire to protect everything for which you work so hard, including the intangible assets like the above – who you are and what matters to you. That’s why The Parents Estate Planning Law Firm, PC incorporates Legacy Planning into our family estate planning services, and why we offer a Family Wealth Planning Session,™ where we can explain financial management techniques and help identify the best strategies for you and your family. You can begin by calling our office today to schedule a time for us to sit down and talk because this planning is so important.
To your family’s health, wealth and happiness!
P.S. Want to get started on the most important planning you’ll ever do for your family? Give our office a call at (978) 263-6900 to get started. You’ll be so glad you did.
David Feakes is the owner of The Parents Estate Planning Law Firm, PC – a law firm for families in the Acton, Massachusetts area. David helps parents protect the people they love the most. If you would like to receive David’s exclusive, free report, “Six Major Mistakes To Avoid When Choosing An Estate Planning Attorney,” you can get it right here.