Icon8888 Gossips About Stocks
(Icon) The Greatest Gift That You Can Give Your Children
1. Heavy Hearts
Today I am not writing about stocks, I will write about bringing up kids. There are many parents here in i3, I think some will be interested in this topic.
Many years ago, when I was in secondary school, it was common for my friends to come to me and said "Recently I am not happy".
When probed further, the problems were usually very trivial - accidentally did something to embarrass a friend, disappointed mum and dad for not scoring well in exam, said something stupid in public, hurt by a friend's harsh words, etc.
During those teenage years, we were easily upset by little little things. Those little things did not make us break down and cry, but they stuck in our chest and caused us to have a heavy heart the whole day.
And we didn't understand why.
2. Emotional Intelligence
When I was in the University, I bumped into some motivation books in the library. As I read more and more of those books, I began to understand why we were a bunch of miserable kids when we were in secondary school.
One of the books that benefited me most was Dale Carnegie's "How To Stop Worrying and Start Living". You can download the book by clicking on the link below.
The book taughts us that we have a tendency to worry about things that might not even happen. Worriness will paralyse and depress us. We should learn to stop worrying about the future, and focus more on the present.
It is a great book. I felt so rejuvenated after reading it.
Another motivational book that benefited me a lot talked about, amongst others, the unneccessity of feeling guilty.
According to the author, many people mistook guilt with conscience. If you have done something incorrect, you should take action to rectify it. But it is unnecessary to let guilt overwhelms you. Guilt causes you to feel unhappy and miserable, but it doesn't help you to solve your probelms at all. It is a totally unnecessary emotion, you should get it out of your system.
(Please don't get me wrong that I advocate getting rid of guilt so that we can hurt other prople. That is not what I meant. We should not do bad things. Period)
Unfortunately, I have forgotten the title of that book. Otherwise, I would have pasted the link here.
After reading that two books, I looked back to my secondary school years and began to understand the nature of the problem.
Teenagers are relatively inexperienced in life and have tender feelings. Most of the time, they let worriness and guilt to overwhelm them. Our education system teaches them how to read, write and count. But it never teaches them how to be emotionally strong.
Apart from the two books mentioned above, there are many other motivational books that benefited me. In general, these books talk about various qualities that can help a person succeed in life - perseverance, positive thinking, can do attitude, etc.
These books did wonder on my young mind. I was a much happier person in university. I still made silly mistakes but I no more get depressed so easily. Not only that, I have become a more matured person. This showed up after I graduated and joined the work force. The positive thinkings helped me in my job as well as my life.
3. Concluding Remarks
(a) What I wrote in today's article is not something new. It has been in my mind for many years. Since I am now blogging in i3, I would like to borrow the platform to discuss the issue.
(b) Our education system teaches our kids how to read, write and count. However, it does not teach them how to be emotionally strong. This is not only true about secondary schools, but also for tertiary institutions, both domestic and overseas.
(c) Due to lack of education in emotional intelligence, most young people stepped into society ill prepared. Many have to struggle for years before they finally strengthen up and mature. The process is painful.
Some never make it. They quit (you know what I mean).
(d) For those parents that have kids, I suggest they pay some attention to this aspect of growing up. Give some thoughts on what you can do to inculcate positive attributes into them. Send them to motivational talks, buy them books, etc.
I believe by doing so, you will be giving them the greatest gift in life.
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Discussions
14 people like this. Showing 33 of 33 comments
Why don't u write stocks that may tanked soon. Let's see how interesting it is.
2016-01-22 12:24
Icon...excellent article.
Our education system (including the whole world) is truly lacking these.
-how to be emotionally strong?
-fundamental reason why one cannot be racist?
-fundamental reason why one cannot be sexist?
-how to respect opposite sex and understand them- this one is very useful for your married life (especially if you are in boys school and do not have girl siblings - like me!)
I would like to add...instead of religion as for moral base formation...do not influence/impose them with religious teaching till they are adults.
What we need to teach is basic rules of life...
I would like to start with the documentaries of wild life - the ultimate truth which applies to human too.
And how the same species help each other mutually.
and education cannot end without understanding of Economics - the Money Cycle & and the Financial Statements.
(even engineers like me had been cracking the head for ages...how the whole world works...imagine all the less educated in a city - heavily populated industrious life....they as good as animals in the wild!..wont be able to form any principles..or ethics...will easily resolve to criminal activities..if they cant figure out why they are so poor and others are so rich..for them its a clear injustice)
2016-01-22 12:45
Instructions from God are all stated in the bible as it sums up the its main principle 'Love your neighbours as yourselves'.With this principle we can give the best to everyone around us as we treat others as ourselves.
2016-01-22 14:17
icon,
Good article.
May I add that one should also give them the proper lessons in personal finance which is not taught in school. They could easily be misled without the proper guidance.
Some of the important lessons are:
1) Work hard to earn a living. Nothing falls from sky.
2) Live within his mean
3) save and invest
4) Understand the magic of compounding
5) Beware of and avoid all the scams
6) Know how much the others are paid or benefit when giving you advice
7) Only involve in good debts, and avoid bad debts like a plague
2016-01-22 15:51
Thank you Icon, for the meaningful article.
Will take some time to read the book "How To Stop Worrying and Start Living" during free time.
As a fellow investor, I would also like to recommend a book to you. It's called "Rich Dad, Poor Dad" by Robert Kiyosaki. Try it out!
2016-01-22 16:34
Everyday, we should all stop thinking about money for a moment (esp for i3 members)and start thinking about what makes us happy. You will be surprised that what really makes us happy has got nothing to do with money...like a run in a windy park or a smile from a loved one. After all, life is about being happy.
2016-01-22 17:01
Haha. Koon bee get Bain tday damn funny. Dont understand why icon so close with that nonsense guy. Same pattern as salted fish even though they are enemy
2016-01-22 20:25
chyokh is right....I believe teaching your children just the opposite would be best. Money equals slavery in any way shape or form. Created in a bank, with interest, only to forever return to the bank, with interest. You should be teaching your children truth about money and becoming free and not a slave. Whether you would admit it or not, money is like a drug feeding addiction and corruption. What children need is shelter, clean food, clean water, clean environment, clean purpose etc..... We are all ONE! Same needs, maybe different wants.... Think of what life would be like if you were not chasing your slavery addiction to money. You would have more time with what matters most FAMILY.....we are all FAMILY.....think about IT do not believe THINK
2016-01-22 22:13
caveman....you are partly right...but money did serve the same objective, it was only a medium of exchange of 'work done by someone'.
Barter for food or any resources. Money represents this resource produced.
the problem started when Capitalist influenced the Politician and eventually the Public to his own agenda....that's is - growth in profit, i.e GDP in the name of PROGRESS.
frankly I do not see humans have developed (progressed) any better than the chimpanzee in the wild....
infact the factory workers , operators and lorry drivers, labourers...are worst like slaves...throughout their whole life.
only 5% have good life (capitals work for them)...remaining 95% poor's life story had already been written when they were born to study and work all their life for the interest /dividend earnings of another capitalist.
2016-01-22 22:25
In short 95% of the people had become like the chickens reared in Poultry farm....breeding for the sake of production. And humans breeding encouraged for the sake of demand (consumption) for business profits.
2016-01-22 22:29
To be honest I get a little burn by the fire
Now I need to lick my wound
2016-01-23 09:11
I don't like to read book
But some documentary video will do a good job
2016-01-23 09:14
General advise to all before follow his advise. He is top 5 in competition. Counting from last. Fina decision are yours. Good luck.
2016-01-24 21:17
Paperplane, not follow icon then follow u mehh. Ur paper flight will only lead ppl to longkang
2016-01-24 21:20
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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Thanks Icon. I'm really need this book. Thanks.
2016-01-22 12:14