We like to teach the boys that nothing is always black and white in our lives and there isn’t always just one way to achieve your goals that you want to achieve.
Of course, we hope they follow the Mills Way to Financial Freedom rules that we have taught them over the years and what we have taught to other people around the world. We even turned the Financial Freedom rules we taught them into a book.
As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only.
We raised the boys with golf in their lives besides education for success and personal finances. With golf and life, we have showed them that their can be many ways to get from Point A to Point Z.
For an example of that is if the four of us go golfing. We could have four different Tee shots, like I hit it 300 yards, Seth drive short at 139 yards, Logan drives the ball to the way right about 175 yards and Darlene drives it 220 to the way left.
Then we all hit our second shots up short of the green. My ball goes in the left sand trap, Logan’s is 25 feet short in the right rough, Seth hits his ball 12 feet short in the left rough and Darlene hits the ball just a foot off the green.
Then we each take our third shots and we all end up on the Putting surface. We all end up two putting on the green for a bogey. Since the hole was a par 4. Isn’t it funny how four people can play the same game but play it four different ways and yet still score the same score? This happens so often when I play golf with my friends.
That is why we teach our boys that it is OK if they decide to make up their own set of Family Financial Freedom Rules. We know ours worked for us but maybe the boys want to pave their own path in life.
Plus, sometimes kids don’t always want to listen to their parents. Yes, really that does happen. LOL The funny thing about our boys is that they think we don’t know anything but then when someone else tells them the same thing then they believe in it.
A benefit of making your own set of Financial Freedom Rules is that it may help you get more ownership with your spouse or significant other if you both develop the rules together.
You both may feel like you have a common plan together and a mission that you both will enjoy doing together towards Financial Freedom.
Isn’t being happy and feeling good in life a common goal for everyone. So, if you both are happy with your own plan and pace then does it really matter if you hit Financial Freedom at age 40 or age 60?
There is a lot of factors that affect everyone’s plans. Some people may make more income than others, some may have college debt and others may not. Some people may have different budgets that they want to live with. The list can go on and on. So, everyone time frame can be different by different situations.
I recently talked to a guy that wanted to pay off his debt a different way then I teach because it made sense to him. He actually took longer to pay off the debt off then the way I teach. But he was happy to be debt free and that is what really matters. It was his choice to go with his plan.
Choices and Consequences is a common thing we teach our boys. Let’s say if they decide to invest in a risky business proposal then that would be their choice and if the business ended up costing them their whole savings they would need to live with the consequences of their decision.
Hopefully they will learn from the good and bad things that happen to them in their life from their Choices. Of course, we hope they will then not repeat the same mistake again. I wish I would have learned that lesson. LOL, I have made some mistakes many times till I finally learned from them.
If the boys want to make their own set of Family Financial Freedom Rules that is fine with me and actually, I will be even more proud of them both if that is possible. Because they are taking action towards being Financially Free and thinking about it.
A fear I have always had is that I didn’t teach our kids skills they needed to be successful in life. My friend said last year when we were out golfing that his son made his day the other day. He son took him out to a fancy Steak house and paid the bill. Normally he always bought everything for his Son. He knew at that time that his Son had made it and was going to be a successful adult. He was proud to see his son pay.
I can’t wait for our kids to start paying. LOL Do you have your own set of Financial Freedom Rules for your family? Are you going to create your own?
Here are some positive quotes I like;
“Get your Money to Work for You… As hard as You Work for it.” By Napoleon Hill
“1. Make Money. 2. Use the Money to Make More Money. 3. Repeat the Process.” By Warren Buffett
“There is no way to happiness; happiness is the Path.” By Buddha
“Change Your Thoughts – Change Your Life” by Wayne W. Dyer
Let me know your thoughts about this blog and let me know of others you would like me to do in the future. I feel we can all learn from each other. That is why I am in the helping people retire early, enjoy life more and be more successful. Also, please see my Disclaimer page.
Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today.
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