Welcome to Issues and Answers.
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It's great to have you with
us again for another program.
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And for you children who are
watching this program will say,
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is there something
Issues and Answers for children?
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Yes, today there is.
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Our topic today is
money skills for kids,
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something for
children, parents, grandparents,
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anyone who has children
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and who wants to
learn or who is a child
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and who wants to learn
more about how to manage money.
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We're here today
talking with Dwain Esmond,
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he is the associated
editor for the Message Magazine
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which is a part of their
Review and Herald publishing.
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And he is
accomplished academician.
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He has an English Literature
degree from Oakwood College
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and a master degree in English
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from Pittsburg State University.
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Welcome to the program, Dwayne.
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Thank you for having me again.
Good to have you back again.
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Now how all of that
qualifies me to talk about
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money skills for
kids, I have no idea.
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But we're gonna
stretch and make it work today.
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So--
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No, you wrote a
book now I understand
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that's "Beyond
the In-A-Pinch God."
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So pinching pennies
is also value isn't it?
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Well, little bit
about pinching, yes.
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I would know a
little bit about that.
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But this money issue,
especially involving children
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is something that
people ask us about
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especially when they write
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and we have a new
column in the magazine called,
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"Let's Talk" which is
kind of a parenting column,
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it also deals
with relationship issue
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and people often write
in and ask about you know,
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hey, how do I get my kids
you know, to do such and such
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or to stop begging and
you know being very, very--
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Yeah, asking
for money for tours.
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Yes. Now how do I do that?
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So we-- we've been
trying to kind of meet that need
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and provide some skills
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and I don't want to
just talk about the skills
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and there's something that
we talk about more importantly,
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what did kind of
principles and kind of standards
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that you want to
establish for them to evaluate
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how they use this resource.
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Okay, we'll see I
have my note book here
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and I'm ready to take some notes
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because I have
ten-year-old and eight-year-old.
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Now, I think you
should be doing this not me.
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But actually can I
begin by reading a scripture
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that I think is very important?
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It's found
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in the Book of Philippians 4:11.
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The Bible says here,
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the apostle Paul
is speaking again,
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"Not that I speak in respect
of want for I have learned,
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in whatever state I am,
therewith to be content.
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I know both how to be abased,
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and I know how to abound
every where and in all things
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I am instructed both to
be full and to be hungry,
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both to abound
and to suffer need."
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And then verse 13,
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the one that we
enjoy according so much,
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"I can do all things through
Christ which strengthens me."
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Amen.
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We tend to remove verse 13
from the context a little bit
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but the context is, I know how
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or I have learned
where God has shown me
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how to be content where I
am and in whatever state I am.
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To me it says
that Paul understands
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that God owns everything
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and that God apportions
things according to His own will
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and at sometimes my
portion won't be big
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but it maybe smaller than usual
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and then at other
times it may have a lot.
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But in whatever
stayed I've learned
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that God is in control of it all
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and that I'm gonna be okay.
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I want to begin
there because that to me
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is the essential
principle and standard
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that parents must try to somehow
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get across to their children,
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to learn that God is
in control of everything
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and how to be
content and to abound also.
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You got that? Yeah, we got that.
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All right, what's
next? Money skills.
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I should probably begin
by talking about myself.
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I remember as a kid,
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my mother used to
go to the grocery store
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and buy my
tender shoes for school.
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Now I had like a bunch
of friends and every kid is
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probably had this,
who had everything.
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You know they had that
nice shoes that were in it,
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the Nike shoes or
the Adidas or whatever
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and I remember
man, she would go there
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and my shoes will be
in a big bin you know
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and she'd have to find one side
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and then dig
around and route around
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and there find another
side and it was traumatic.
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I'm laughing
because I remember though.
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I mean that is, that is--
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All the tender shoes that has
little whites on the top of it.
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Yes. Oh you remember that.
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So when I went to
school everybody knew
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where I got my shoes from.
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And I remember just feeling
like, man, when I get older
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and I get to hold of
some money I'm just gonna buy
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that most
expensive, that most in shoe
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that I could
find and I did that.
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You know, when I
started working as a teenager
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or whatever you know, all my
money was just going to things
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and I was thinking to
myself you know lately,
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Dwain, some of the
habits that you have now,
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that you're struggling to
break financially bad habits,
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bad financial practices
began when you were child.
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You know because you perhaps
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wanted something
that you could not have.
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So that started me thinking
and then with the questions
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that we get from
parents and guardians
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sometimes is that you know,
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there must be a need out there
and how do we equip parents?
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So how do you
communicate something like,
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contentment to your child?
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Any ideas?
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Contentment in my estimation,
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say for instance if
your child wants something
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that's extremely
important to them.
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Something that
may cost a little bit.
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I think it's important to
not only have the child work
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and somehow
contribute to that thing,
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I think that's a
very important principle.
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But I think it's also
important to perhaps steer kids
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in the direction
of toys or things
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that they purchase
being more interactive,
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something that they
could not only enjoy for today
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but that they
will learn to enjoy
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and create other
uses for in the future.
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And I think some parents--
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and parents you know,
I want to be clear here,
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parents have a
tough job as it is.
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They are working hard,
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they are trying
to make ends meet
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so I don't even want to,
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someone who is not
even a parent yet, who am I?
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I'm not qualified to
tell parents what to do.
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I bet you grew up.
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But I think I
understand growing up.
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I could speak
through that, right?
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I think it's important
that parents give the children
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or allow their
kids to get things
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and learn how to be creative
with the things that they have.
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And you know, its, you can
buy things at different stages
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but if they have
everything right now
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they will never learn the issue
or the principle of contentment
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because as we know
things make us want more things.
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You'll never satisfy by
the things that you get.
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By the way,
adults are the same way.
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I wonder where they got it from?
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Where do they get it
from? Where do we get from?
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Where do we get that from?
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But the same kind of
principle holds so one of that--
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Being creative. Being creative.
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So now give us an example of way
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that to teach
children or that children
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who maybe watching the program
could develop this contentment,
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by they having some future use.
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I have, I have two nephews
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and one of them is
extremely creative.
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He has a very
creative fertile mind.
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And he has these play
things that he enjoys,
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some of the kids
might even recognize
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this building set
is called connects.
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And kids, I mean kids
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must love this
stuff and he loves it.
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He can make all kinds of
different things with that.
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I mean, he can make trucks
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and he can make
airplanes and he can--
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you know, kind of like
building blocks on steroids
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you know, you can do
everything with this stuff.
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Now he is, he can get everything
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and I'm glad that, you know,
he's not able to get everything
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because he has learned
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and his little
brother is learning
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how to be creative with
the sets that they have.
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Now after a while he have--
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Yeah, those
connects or not cheap.
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They are not cheap.
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So if you're gonna buy
them one every week, okay.
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You'd be out of luck.
You'd be in a poor house, okay.
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But he has learned
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how to create
different things over time
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and as he grows
and as his mind matures
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they get more complex
and that's the kind of gift
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I'm talking about something
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that increases his
capacity for creativity
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and that capacity
will help them in future.
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Well it's quite better than
get in a bunch of little matched
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box toys or cars,
maybe for two bucks
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and you would get
into something may be there
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though it maybe more
money on the front end of it.
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Right.
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He's gonna have
hours of creativity
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that much from there.
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Hours, days and you
won't have to worry about
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you know, next week
till he is tired of it
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and throwing into the side
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and this also points out
another important thing here
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and that's that some kids
have different temperaments.
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So not, not every
child will you know,
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want to be creative all the time
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but because of the
world in which we live,
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a world that now
values creativity
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and adoptability
in focus on careers
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and that sort of thing
you have to be flexible.
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I think that's
an important skill
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in addition to the
contentment which is learned
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that's an important skill
to communicate to kids today.
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That's one way I
think to teach contentment.
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Another principle I
take that has to be taught
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is the principle of sharing.
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I grew up--
Very important skill.
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Yeah.
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I grew up in a family, now
I have three elder brothers
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and I have a baby sister,
she is the youngest, four,
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she has four older brothers.
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I feel sorry for her
00:11:23.76\00:11:25.16
but its like
sharing was something
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that we had to
learn, we didn't have much.
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So my oldest
brother would get a shirt
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and it would come all
the way down the line.
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I mean it would come down
whether you want it or not
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you know, it came down the line.
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You knew you were
gonna wear that shirt.
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So if you let
cool on him you hope
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that it still had
a print or a pattern
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when it got to you.
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You know, because it'd
be washed out and whatever
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but you were kind of forced
to learn this thing of sharing
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but when you became independent,
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had your own stuff, you know,
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I wasn't always ready to be
as sharing oriented because now
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I was tired of just getting
things that were not mine.
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So when I got of hold
of something that was mine,
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it's mine and that's it.
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But one of the great ways
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I think parents can
teach kids about the value
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and the ability
to use money for good
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is through sharing projects
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that churches
maybe involved with.
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When you know, someone
stands up or in front and says
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we have a need in the church
or our community has a need
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and we would like
to contribute to it
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often the kids get
divorced from that process.
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The parents and
the adults take over.
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They give the money.
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They put the
money in and in essence
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we miss an
opportunity with the kids
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because if you are per
say giving them an allowance
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you can teach them to designate
00:13:03.44\00:13:06.25
some of that
allowance for their children.
00:13:06.28\00:13:09.02
I mean for this need
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some of their
allowance for their special need
00:13:10.79\00:13:13.12
that the church or
the community is having.
00:13:13.15\00:13:15.22
And so doing it we
teach the principle of service
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and you teach the
principle of sharing
00:13:18.67\00:13:20.80
and you teach the principle
that God owns everything
00:13:20.83\00:13:23.92
and that is not all mine
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which I think is
extremely important.
00:13:26.85\00:13:28.47
So the idea of
connecting an allowance
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is something that
the child can plan on,
00:13:31.70\00:13:33.89
may stop some of the spontaneous
00:13:33.92\00:13:36.18
requesting in
the store you know,
00:13:36.21\00:13:37.63
you're giving so much
every week or whatever.
00:13:37.66\00:13:41.06
Which is a terrific
skill for, easily learned.
00:13:41.09\00:13:46.84
Yeah.
00:13:46.87\00:13:47.90
You know, if you give your
kids a very simple allowance,
00:13:47.93\00:13:51.55
incidentally I found
out, now this is interesting,
00:13:51.58\00:13:55.78
in Michigan, I think
it's the Michigan area
00:13:55.81\00:14:00.02
kids get some of the highest
allowances in the nation.
00:14:00.05\00:14:04.71
Now this is weird. Is that so?
00:14:04.74\00:14:05.77
I grew up in Michigan.
00:14:05.80\00:14:08.26
Did you get-- did you get--
00:14:08.29\00:14:09.32
Oh, what are we
better bargain here?
00:14:09.35\00:14:10.53
Did you get $100,
$150 a week? Oh, no, not.
00:14:10.56\00:14:14.64
Well, that's what
kids are getting today.
00:14:14.67\00:14:16.58
Some kids are
getting $100 a week.
00:14:16.61\00:14:21.25
But there are high
incomes with the lot of you know
00:14:21.28\00:14:23.74
you got the all the dealerships
00:14:23.77\00:14:25.90
you know many
factories that are there.
00:14:25.93\00:14:28.56
Some of the needs maybe,
maybe a little different.
00:14:28.59\00:14:29.72
Well, a kids been a
$150, you said a week?
00:14:29.75\00:14:32.45
Some of them get a $100
a week and I want to know
00:14:32.48\00:14:35.33
why their parents
are not giving them more.
00:14:35.36\00:14:38.72
The spending power of
this kids between the,
00:14:38.75\00:14:44.33
from, the cradle
almost to about teenage hood
00:14:44.36\00:14:49.99
the spending power
is over a $100 billion.
00:14:50.02\00:14:53.29
And that's
counting-- that's just the money
00:14:53.32\00:14:55.27
that they have
that's not counting
00:14:55.30\00:14:57.08
the influence that they
exert on the families purchases.
00:14:57.11\00:15:02.69
Now that's a whole
different bowl of wax, right?
00:15:02.72\00:15:07.03
I never quiet thought of
it that way but it's true.
00:15:07.06\00:15:09.58
But when you go into a
store with your children
00:15:09.61\00:15:12.55
they influence their nag, right.
00:15:12.58\00:15:14.97
I mean I'm talking
about things I did.
00:15:15.00\00:15:16.03
And they used to
put the request through,
00:15:16.06\00:15:19.90
well, as long as you are in this
00:15:19.93\00:15:21.64
then there is a famous
pitch number into the basket.
00:15:21.67\00:15:24.13
Yes.
00:15:24.16\00:15:25.19
You know and kids
will not let you rest.
00:15:25.22\00:15:27.87
I mean, you go to the
grocery store and you get in a,
00:15:27.90\00:15:29.95
you get in a
cereal aisle, you know,
00:15:29.98\00:15:31.21
you could be in a
cereal aisle for hours.
00:15:31.24\00:15:32.90
You know, they
want this, this and this
00:15:32.93\00:15:35.09
and parents basically
brake down and give in.
00:15:35.12\00:15:38.59
So if we're talking about
teaching them these principles
00:15:38.62\00:15:42.31
maybe it'll save you some
headache you know later on
00:15:42.34\00:15:45.53
but the kids have tremendous
spending power today and they--
00:15:45.56\00:15:50.22
if you're giving them
a consistent allowance
00:15:50.25\00:15:53.92
10% of that
ought to go for tithe
00:15:53.95\00:15:57.48
and 10% of that
ought to go for offering.
00:15:57.51\00:16:01.04
You know that's another
thing it's not just tithe
00:16:01.07\00:16:04.27
but what-- the offerings,
as my wife likes to say,
00:16:04.30\00:16:08.43
my wife is a
finance Google type person
00:16:08.46\00:16:10.76
so she says to me the
offering demonstrates our love.
00:16:10.79\00:16:16.10
You know the tithes we
return but the offering says
00:16:16.13\00:16:19.89
how much we love the
Lord in a sense you know.
00:16:19.92\00:16:23.21
So to teach your
kids not just how to tithe
00:16:23.24\00:16:26.94
but how to provide
something for an offering
00:16:26.97\00:16:30.08
and then there's
the issue of savings.
00:16:30.11\00:16:33.51
10% ought to go for savings.
00:16:33.54\00:16:37.86
This principle
of paying yourself
00:16:37.89\00:16:40.90
is so important
for kids to learn
00:16:40.93\00:16:44.22
because if you don't learn,
00:16:44.25\00:16:46.03
if you don't get into a
consistent savings pattern
00:16:46.06\00:16:48.98
and we're told now
in our society that
00:16:49.01\00:16:51.80
we don't even
save 2% of our income.
00:16:51.83\00:16:56.89
Not even 2%.
00:16:56.92\00:16:58.51
Let alone 10% of our income
00:16:58.54\00:17:00.79
but we are maxed
out 10 years ago,
00:17:00.82\00:17:05.33
credit card debts to
that around $250 billion.
00:17:05.36\00:17:09.27
You have any
idea what it is today?
00:17:09.30\00:17:12.44
It's about $750 billion
that was just 10 years ago
00:17:12.47\00:17:17.56
and we are basically
putting ourselves into the grave
00:17:17.59\00:17:21.20
because we have no grasp
00:17:21.23\00:17:25.63
of how to control
our financial lives.
00:17:25.66\00:17:27.97
The Bible says, "Owe
no man anything but love."
00:17:28.00\00:17:32.93
And in our society, yes,
credit and that sort of thing
00:17:32.96\00:17:35.62
is kind of a
necessary evil to some degree
00:17:35.65\00:17:38.41
but imagine if
you taught your kids
00:17:38.44\00:17:41.00
that if you consistently save
00:17:41.03\00:17:45.08
and you were
content with what you had
00:17:45.11\00:17:47.34
and you gave the
Lord what was His,
00:17:47.37\00:17:50.36
imagine how much better of
they might be later on at all.
00:17:50.39\00:17:55.01
So that's important.
00:17:55.04\00:17:56.25
That whole principle
is extremely important.
00:17:56.28\00:18:00.12
The principle of thankfulness,
for what God has given
00:18:00.15\00:18:06.19
whenever you give
something to your children
00:18:06.22\00:18:10.27
whether it be money or not
00:18:10.30\00:18:13.30
I think the parent
should gauge the thankfulness.
00:18:13.33\00:18:17.75
What is their response?
00:18:17.78\00:18:19.01
Do they say, mom,
"Thank you very much."
00:18:19.04\00:18:22.16
Do they say, "Oh,
good," and run off, you know,
00:18:22.19\00:18:28.27
are they thankful, will they
come back and say, you know,
00:18:28.30\00:18:31.31
"Hey, that really thank
you ma, I really needed that."
00:18:31.34\00:18:34.61
And you know kids
learn these things over time
00:18:34.64\00:18:36.15
so we're not gonna
expect the ten, five-year-old
00:18:36.18\00:18:38.22
or seven-year-old to come
back with a deep, you know,
00:18:38.25\00:18:41.84
path holes in his
voice thanking you.
00:18:41.87\00:18:44.50
You won't expect that
but they do need to thank you
00:18:44.53\00:18:48.81
and they need to also realize
00:18:48.84\00:18:50.83
that mom and dad didn't get this
00:18:50.86\00:18:53.12
from the man at the
place where they worked.
00:18:53.15\00:18:57.53
God is the person who
supplies the needs in the home
00:18:57.56\00:19:02.87
and who will supply this amount
of money that you can now have.
00:19:02.90\00:19:07.91
And what about that Bible
example about the 10 lepers?
00:19:07.94\00:19:13.60
Nine ran away.
Excellent example.
00:19:13.63\00:19:15.14
Excellent example.
Nine ran away one came back.
00:19:15.17\00:19:20.36
And if I would dare
say that the same ratio
00:19:20.39\00:19:23.64
holds in our society today
most people are not thankful.
00:19:23.67\00:19:28.56
Because we always feel
like we don't have enough.
00:19:28.59\00:19:31.57
What do I have
to be thankful for?
00:19:31.60\00:19:33.84
One of the great skills that
I think you can give your kids
00:19:33.87\00:19:36.83
is each week have them
just, at the end of the week,
00:19:36.86\00:19:40.68
this could be a great
little Friday night activity,
00:19:40.71\00:19:43.02
you just pull out a pad
00:19:43.05\00:19:44.81
and have them
make a list of things
00:19:44.84\00:19:47.10
that happened this week
that they are thankful for.
00:19:47.13\00:19:51.74
What are you
thankful for this week?
00:19:51.77\00:19:53.97
You know, if and you
may have to remind them,
00:19:54.00\00:19:57.98
you know, hey,
do you remember that
00:19:58.01\00:19:59.09
I gave you $10,
do you remember that?
00:19:59.12\00:20:02.90
It might be gone by now
but do you remember that.
00:20:02.93\00:20:05.44
You know, in so doing they learn
00:20:05.47\00:20:10.03
to always remember that things
00:20:10.06\00:20:12.29
they will not take
stuff they get for granted,
00:20:12.32\00:20:15.17
they will
remember that these things
00:20:15.20\00:20:16.55
come from the Lord all the time.
00:20:16.58\00:20:19.13
So that's the thankfulness thing
00:20:19.16\00:20:21.84
is a great principle
that they have to learn
00:20:21.87\00:20:26.69
and there is also the
issue of teaching them
00:20:26.72\00:20:30.50
kind of how to
deal with investments.
00:20:30.53\00:20:34.45
There are some people
00:20:34.48\00:20:37.06
who don't kind
of share this view
00:20:37.09\00:20:40.19
and I respect that investment
00:20:40.22\00:20:42.96
is a principle
that's in the Bible also.
00:20:42.99\00:20:45.55
I mean, we are told for instance
00:20:45.58\00:20:47.47
to take the
talents that God gives us,
00:20:47.50\00:20:50.08
Ellen White even mentions
the fact that talent is--
00:20:50.11\00:20:54.00
money is a talent that is
to be used for God service
00:20:54.03\00:20:58.56
and that's the key to
be used for God service.
00:20:58.59\00:21:02.61
You can meet your needs
00:21:02.64\00:21:04.46
but it's also to be
used for God's service.
00:21:04.49\00:21:08.48
One of the very easy ways
that kind of teach our kids
00:21:08.51\00:21:10.73
this principle is have them
00:21:10.76\00:21:12.65
perhaps start an investment club
00:21:12.68\00:21:15.01
where they can put,
take little bits of money
00:21:15.04\00:21:19.72
and learn how to track
socially responsible stocks.
00:21:19.75\00:21:25.25
For instance companies
and these funds are out there,
00:21:25.28\00:21:28.18
they are mutual funds for
kids and that's sort of thing.
00:21:28.21\00:21:31.18
I mean, you can go on
any internet financial site
00:21:31.21\00:21:34.29
and they have
them, where you can,
00:21:34.32\00:21:37.06
kids can learn the
time value of money.
00:21:37.09\00:21:40.60
For instance, if you put
money in over a period of time
00:21:40.63\00:21:44.44
it can grow and
become something else.
00:21:44.47\00:21:47.27
That teaches them not
only about their savings,
00:21:47.30\00:21:49.64
how their savings can
grow but also how you know,
00:21:49.67\00:21:52.95
if you investing
in certain companies
00:21:52.98\00:21:55.47
and if they do all over time
00:21:55.50\00:21:56.66
and again socially
responsible investments.
00:21:56.69\00:22:00.14
We're not talking about
companies that you know,
00:22:00.17\00:22:03.95
tobacco companies for instance
00:22:03.98\00:22:05.64
I would not
recommend something like that.
00:22:05.67\00:22:07.74
You can find out what
different mutual funds
00:22:07.77\00:22:10.76
hold in their
portfolios, these kind of things
00:22:10.79\00:22:13.71
are kind of good
for kids to learn
00:22:13.74\00:22:15.27
because this is the
world and in which they live.
00:22:15.30\00:22:17.56
If you just kind of
cloister them from it
00:22:17.59\00:22:20.11
I think you do them a
little bit of disservice
00:22:20.14\00:22:23.02
even if you don't believe in it.
00:22:23.05\00:22:24.89
Now it makes me
think about when we were,
00:22:24.92\00:22:26.45
when I was in a business school
00:22:26.48\00:22:27.92
they had us an
exercise in it for students
00:22:27.95\00:22:29.84
do not have any money
to invest or you know,
00:22:29.87\00:22:32.59
or maybe before we actually do
00:22:32.62\00:22:34.44
put the money somewhere either
it was in land which you know,
00:22:34.47\00:22:38.44
a lot of people would prefer
to put their money in the land
00:22:38.47\00:22:40.94
or into real estate or may
be into business enterprise
00:22:40.97\00:22:44.43
that we would actually
00:22:44.46\00:22:45.50
take the Wall Street
Journal out and do the math.
00:22:45.53\00:22:49.59
And you know, you
maybe what to just have okay
00:22:49.62\00:22:51.71
I'm pretending that
I have this much money
00:22:51.74\00:22:54.01
and does this look
like a good investment
00:22:54.04\00:22:55.81
because people get
so lured into you know
00:22:55.84\00:22:58.82
going into certain kinds
of speculative investments
00:22:58.85\00:23:03.07
and then they
have put the money in
00:23:03.10\00:23:04.86
before they've actually gone
00:23:04.89\00:23:05.92
through the
exercise to the even see
00:23:05.95\00:23:08.08
you know, some
wondering, you know.
00:23:08.11\00:23:10.07
Oh, absolutely.
00:23:10.10\00:23:12.38
The research piece
that teaches you, you know,
00:23:12.41\00:23:15.97
how to track something
before getting involved.
00:23:16.00\00:23:20.14
You know, I've,
I think all of us
00:23:20.17\00:23:23.60
have been approached by people
00:23:23.63\00:23:25.41
who have some scheme
that's gonna make you
00:23:25.44\00:23:28.67
a bunch of money in
a short period of time.
00:23:28.70\00:23:30.99
Have you had that?
00:23:31.02\00:23:32.05
Offshore banking
and other things from--
00:23:32.08\00:23:34.36
Oh, yeah.
00:23:34.39\00:23:35.42
All kinds of
stuff, people have got
00:23:35.45\00:23:36.83
you know, this product--
00:23:36.86\00:23:37.89
Not that there is anything wrong
00:23:37.92\00:23:39.03
with offshore banking in other
places, you want to say that?
00:23:39.06\00:23:41.28
No, not exactly
wrong with that, okay.
00:23:41.31\00:23:43.40
There's a people are
more speculative than magical.
00:23:43.43\00:23:46.31
Very, very speculative
00:23:46.34\00:23:47.65
and it's very
challenging to navigate that
00:23:47.68\00:23:52.16
if you don't have
the right skill set.
00:23:52.19\00:23:56.51
People are coming at
you and they are saying
00:23:56.54\00:23:58.25
I've got this
product, it's great.
00:23:58.28\00:24:01.31
We can multilevel market it
00:24:01.34\00:24:03.14
and we can make do--
we can make our live bets.
00:24:03.17\00:24:07.53
Some people don't
know how to evaluate that,
00:24:07.56\00:24:12.09
that opportunity
if you call it had.
00:24:12.12\00:24:16.38
And in so doing
they lose their shirts
00:24:16.41\00:24:19.51
you know, they lose
a lot of money and--
00:24:19.54\00:24:22.10
Even 401(k) plan
00:24:22.13\00:24:23.49
which people
have on their business
00:24:23.52\00:24:25.47
in their some
employers have they may say okay
00:24:25.50\00:24:28.62
we're gonna give
you a 401(k) plan
00:24:28.65\00:24:31.52
and they're basically
investing parts of that
00:24:31.55\00:24:35.34
into other these
sort of pools or whatever.
00:24:35.37\00:24:36.86
Right and you've
got to be careful
00:24:36.89\00:24:39.12
and be hands on to know for sure
00:24:39.15\00:24:42.42
you know, to be proactive
00:24:42.45\00:24:44.00
so that you know for
sure that they are investing
00:24:44.03\00:24:46.01
where you want your money to go.
00:24:46.04\00:24:48.46
But if you think of a
kid who's never been taught
00:24:48.49\00:24:53.40
these kind of
financial skills attempting to--
00:24:53.43\00:24:56.24
How to run a
business for example.
00:24:56.27\00:24:57.59
Yeah, to navigate
something like that is just,
00:24:57.62\00:25:00.53
it's almost impossible.
00:25:00.56\00:25:02.33
So this is like essential
equipment for life, I feel.
00:25:02.36\00:25:09.16
That sounds good to me.
00:25:09.19\00:25:10.92
As for review for those
00:25:10.95\00:25:12.47
who maybe just joined
this program and progress,
00:25:12.50\00:25:16.69
God is in
control is what you said.
00:25:16.72\00:25:19.15
And maybe you want to give us
00:25:19.18\00:25:20.59
some recap of
what we talked about.
00:25:20.62\00:25:22.28
Well, I talked
about the fact of that God
00:25:22.31\00:25:24.13
was in control of everything
00:25:24.16\00:25:25.89
and I mentioned
the text Philippians 4
00:25:25.92\00:25:29.15
beginning in verse 11
and going to verse 13,
00:25:29.18\00:25:32.33
learning the essential
principle of contentment
00:25:32.36\00:25:37.33
in whatever state that we are
00:25:37.36\00:25:39.57
and we talked a little
bit about how we might be
00:25:39.60\00:25:41.24
able to communicate
that to our children.
00:25:41.27\00:25:44.33
We also talked about sharing
00:25:44.36\00:25:46.47
the importance of that
principle in everything
00:25:46.50\00:25:50.93
that you give your children
00:25:50.96\00:25:52.92
they ought to be
some portion of it that,
00:25:52.95\00:25:55.06
you know, they set
aside for someone else.
00:25:55.09\00:25:57.39
The principle of
tithes and offering
00:25:57.42\00:25:59.65
that's an
important consideration,
00:25:59.68\00:26:01.50
probably should be
one of the highest one,
00:26:01.53\00:26:03.02
should be the
first amount pulled out.
00:26:03.05\00:26:05.50
We talked about thankfulness.
00:26:05.53\00:26:08.49
Making sure engaging
and encouraging activities
00:26:08.52\00:26:12.67
that kids where your
children can look back and see
00:26:12.70\00:26:16.69
over the course
of say a week or so
00:26:16.72\00:26:18.76
the things that
God has done for them
00:26:18.79\00:26:20.18
not only
financially but in other ways
00:26:20.21\00:26:22.37
where that they
are thankful for.
00:26:22.40\00:26:25.65
Those were some
of the principles
00:26:25.68\00:26:26.83
and skills that we
try to communicate.
00:26:26.86\00:26:29.74
Well, for those of you
who watch the program today
00:26:29.77\00:26:31.46
I hope you've learned
something I know that I have
00:26:31.49\00:26:33.31
that I've taken careful
notes but if for some reason
00:26:33.34\00:26:37.15
you didn't have
your pen and paper handy
00:26:37.18\00:26:38.91
you can very much get a
copy of the program today
00:26:38.94\00:26:41.62
by calling that 800
number on your screen
00:26:41.65\00:26:44.44
or you can also
go to the website
00:26:44.47\00:26:46.35
and know more
about these publications
00:26:46.38\00:26:48.34
Message Magazine and Insight.
00:26:48.37\00:26:50.55
The website is
www.insightmagazine.org
00:26:50.58\00:26:54.81
this is a magazine
dedicated to young people
00:26:54.84\00:26:57.25
to teach them about
Christ as well as life skills
00:26:57.28\00:26:59.83
that we've talked about
today and Message Magazine
00:26:59.86\00:27:02.59
there is a section
in Message magazine
00:27:02.62\00:27:04.61
called message
junior which highlights
00:27:04.64\00:27:06.73
a lot of nicknames
for kids so to encourage.
00:27:06.76\00:27:10.74
A lot of these kinds
of principles we talked.
00:27:10.77\00:27:11.80
Okay.
00:27:11.83\00:27:12.86
Oh great and let's
have a closing prayer
00:27:12.89\00:27:14.18
if you would please, doing.
00:27:14.21\00:27:15.25
Absolutely.
00:27:15.28\00:27:17.59
Our Father and our God,
00:27:17.62\00:27:18.72
we thank You so much for
this privilege of sharing
00:27:18.75\00:27:22.88
on an issue
that is so important.
00:27:22.91\00:27:26.45
Lord, You gave us the resources,
00:27:26.48\00:27:29.24
everything on
this planet is Yours
00:27:29.27\00:27:32.00
and we pray that we
might be able to communicate
00:27:32.03\00:27:34.49
to our children
to those around us
00:27:34.52\00:27:37.36
how to correctly
use the resources
00:27:37.39\00:27:39.55
that You have gave us.
00:27:39.58\00:27:41.35
Bless us and
keep us until You come
00:27:41.38\00:27:44.01
as I pray in Jesus name, amen.
00:27:44.04\00:27:46.52
Amen.
00:27:46.55\00:27:47.58
Thank you so much for
coming to our program today,
00:27:47.61\00:27:49.62
it's been a blessing.
00:27:49.65\00:27:51.29
And for those of you
who've been watching at home
00:27:51.32\00:27:53.12
we hope it has been a
blessing for you as well
00:27:53.15\00:27:55.58
and until next
time have a great day.
00:27:55.61\00:27:57.51