Home The Ultimate RelationshipFinancial Freedom Are Your Children Capable of Earning Money Without Your Help?

Are Your Children Capable of Earning Money Without Your Help?

written by Patrick Ow February 17, 2021
Are Your Children Capable of Earning Money Without Your Help?

It is without a doubt that our children, and the future generations after us, will grow up and work in extremely challenging times.

The Issues

Jobs are changing due to increased automation, businesses retrenching of workers, and ever-changing demographics where baby boomers are holding on to their jobs longer than expected. Other challenges include severe housing affordability issues in most parts of the world, very low or no wage growth for employees, as well as the ever-increasing cost of living and education. We are also seeing a decline in the number of full-time jobs coupled with the rise of contract work and the gig economy, higher unemployment for overqualified university graduates and young adults, and growing income inequality between the skilled and unskilled workforce. These are just some of the challenges that our children will have to navigate, with or without our parental help.

Do you have a good handle on these issues?

Given these challenges, I would like to, as a responsible parent, give my children a head start, especially in terms of equipping them with the right and timely information to make informed decisions about their elective subjects, jobs, and careers.

In order for me to pass on such vital knowledge to my children and help them navigate these challenges, I must first equip myself with the requisite information, knowledge, and analysis.

For me, I cannot give what I don’t have.

What better place to start than yourself.

I started out with this knowledge- acquisition journey just to future-proof myself first. I also did this to increase my job security by researching and analyzing the key issues and challenges that confront me and my family.

The Research

As I researched the facts, I came across a total of sixty-two challenges that workers face. Some challenges are mind-blowing for me, and I am sure there will be more challenges.

In my quest to help other workers and even parents, I have painstakingly documented my research findings in my eBook, Shocking Secrets Every Worker Needs to Know: How To Future-Proof Your Job, Increase Your Income, and Protect Your Wealth in Today’s Digital Age which is available from Amazon or Futureproofingjobs.com.

The eBook lays out the sixty-two challenges that workers face now or will face soon in their workplace. I have also provided practical strategies and action steps for all workers to future-proof themselves and their jobs, increase their income, and protect their wealth.

In reading and equipping yourself, I am suggesting that parents contextualize the information in the eBook to suit their particular situation and unique circumstances. Do find other unique, localized information that may also impact on your job security and future of work.

Here’s the thing:

Your children will inevitably ask you what elective subjects to take during high school and what courses they should enroll in after high school. Even if they don’t, you should take a keen interest in their decision-making process.

That was what initially triggered my desire and motivation to take the time and effort to learn more about all the challenges workers are facing. These challenges will also be applicable to our children later on.

I am not sure about you, but I must admit that when my oldest child first asked me these questions, “How do I choose a university course?” or, “What course is right for me?”,  I really felt inadequate or incompetent to give her any form of parental advice and guidance.

After hours of research, and armed with the appropriate information and understanding of the facts and issues related to these challenges, I can now confidently give my children timely and appropriate parental advice and guidance on what elective and educational courses to enroll in after high school.

What about you? Are you confident answering these questions?

Moving forward, I will take the time needed to keep myself abreast of the latest news and developments, and I will document these for your benefit via my Facebook page and my blog, Allmoneymakingideas.com.

You are most welcome to journey with me as an employee, entrepreneur, investor, and parent by continuously equipping yourself with the latest information and passing it on as valuable legacies to your children so that they may be financially independent to support and make money or earn an income for themselves.

To me, that’s the best legacy I can give my children apart from any financial assistance they need.

So, let me ask you this question:

 Are you confident to provide the appropriate parental guidance to your children when they ask you what they should be doing in the future?

The advice you give your children will set them up for life. What a precious gift to give them.

Your valuable help in the form of loving parental advice can significantly influence and guide your child’s decisions as to what elective subjects they take during high school, what university they attend, and which courses they should enroll in. You’ll also guide them on what jobs they should apply for, what business ventures they should embark on, what industries they should work in, which employers they should work for, and what employable and future of work skills, experience and knowledge they need to acquire over the short-term and long-term just to earn sufficient money or income for themselves as an entrepreneur, business owner, investor or employee, just to list a few.

As parents, we can help our children increase their capability, capacity, and confidence to earn money well into the future.

Here’s another thing:

Due to increased population growth and outdated education systems around the world, there are more people going after limited job vacancies. Labor supply growth has been increasing more than two times the available job vacancies.

This imbalance of labor supply and employer demand will become more severe in coming years, impacted by the ever-changing demographics and lack of economic growth.

Any incorrect parental advice and guidance may impact our children for life. For example, research I came across shows that the ability to start in the right job immediately after graduation can make a difference of ten thousand plus in earning capacity annually. Starting a career in a declining industry or sector will definitely impact your child’s capacity to earn money in the long run.

These are just two of many reasons why it is absolutely vital for parents to help their teenage children by equipping them with the requisite knowledge to make the appropriate decisions about their future.

The right decisions can make a significant difference in your child’s earning capacity and capability in the long run.

With so many challenges facing workers globally, our children need our parental help to guide them so that they can earn money for themselves. We really cannot depend on others to do this task for us.

Do you want to outsource such an important task to someone else? I sincerely hope not. The head in the sand or hope and pray strategy will not help your child. Our children are NOT capable of earning money without our help. There’s too much at stake to not do anything. People do not plan to fail, they just fail to plan for the future.

Complacency kills jobs.

Anticipating and planning are the keys to financial independence for our children.

Information overload can be a problem for many people.

Knowing what’s important to tell our children has become an art, rather than a science. It did take me some time to appreciate the issues and joint the dots. It’s really a complex world we live in. Appreciating all the issues and challenges we face can be daunting, but it is not impossible to overcome your information challenges. It will take effort and commitment on your part to piece together the information for yourself so that it can be consumed by your child.

Do start by reading my blog post and download my eBooks and guides.

Let us journey together to help our children earn money.

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