Denis Waitley has studied, counseled and trained leaders in virtually every field including Apollo astronauts, Olympic gold medalists, Super Bowl champions, returning POW's, heads of state and Fortune 500 top executives.

Denis is recognized as a world class speaker and author and has traveled the globe sharing success ideas and strategies to thousands of companies the past 25 years. To book Dr. Waitley to speak for your company or to be part of your upcoming Regional or National Convention send an email to speaker@deniswaitley.com or call 877-929-0439 and ask for Hilary.

3. Seeds of Greatness by Denis Waitley
(Excerpted from Denis Waitley and Maryann Rosenthal's Seeds of Greatness - The Value-Based Family Enrichment Program for 21st Century Leaders Coaching calendar)

"One way to make it clear that you are listening to your child is to repeat what you think your child has just told you. You can use phrases like, "Sounds like you are saying..." or "Are you saying..."

Ask you child questions -- lots of questions! Encourage creativity, thinking skills, and problem solving. Learning how to find answers is a lifelong skill. Ask who, what when, where and why? It's not pestering, it's parenting!

Take advantage of every little, daily opportunity to express pride in what your children accomplish. Parents indicate by their approval, or lack of it, whether their child is a winner or loser.

The holidays are a hectic time, even for kids. Teach your kids time-management skills by helping them set priorities and balance their time.
"One way to make it clear that you are listening to your child is to repeat what you think your child has just told you. You can use phrases like, "Sounds like you are saying..." or "Are you saying..."

Ask you child questions -- lots of questions! Encourage creativity, thinking skills, and problem solving. Learning how to find answers is a lifelong skill. Ask who, what when, where and why? It's not pestering, it's parenting!

Take advantage of every little, daily opportunity to express pride in what your children accomplish. Parents indicate by their approval, or lack of it, whether their child is a winner or loser.

The holidays are a hectic time, even for kids. Teach your kids time-management skills by helping them set priorities and balance their time.



4. The Winner's Edge Coaching Tips

This week we'll take a little different route based on my Champion Within article, I thought it would be a good idea to follow up with the Money Management tips for Middle and High School age children. Keep in mind, with both articles, these are simply guidelines for you to get started or to help you define the parameters that work best for you and your family.

MANAGING MONEY for Your Middle and High School Age Children by Dr. Denis Waitley and Dr. Maryann Rosenthal

Your job as parent and teacher is to teach your kids the value of money. Talking about family money helps your child understand that money doesn't grow on trees. Show your kids where the money goes by showing them some of the bills. Some intangibles become real. Electricity and water take part of the money. They learn that Uncle Sam gets some for police and fire protection and to fix the roads. Some money goes to savings for school tuition and Christmas presents. Then show them what is left and they can get a grasp of what is affordable. It shows them a budget in an instructional way. Don't lecture or preach. Be serious, but light.

SHOW THEM HOW TO SAVE. Talk about the wise use of credit, about what goes into buying and maintaining a car, paying for college, living on their own. Again, you're showing them something topical and practical about money management, but on a deeper level, you're also teaching them how life works: There is no free lunch, and every action or inaction has its consequences.

Some parents will involve their kids in a few of the family money decisions. Here are some thoughts: "With the money we have for vacation, where should we go?" "Should we but an expensive SUV or a less expensive van? The van gets better mileage and with the extra money we could go on a trip."

INVESTIGATE ads on TV, radio and in print. Ask the kids questions. "Will that product make you more popular?" "Will it really do what it says?" "Is that the best price?" "What else could you get for that price?"

WORKING OUTSIDE THE HOME should be encouraged at a certain age. Your teens can canvas the neighborhood, putting out flyers with their information about washing cars, cleaning houses, shopping for seniors, etc. You can help by asking friends if they need extra help. Suggest to your child taking a class for being a mother's helper and learning CPR. This is a good time to remind them that not all work is done for money and that service is an important value.

MAKING A LOAN to your child is a good way to teach them about credit. At some point your teen is going to want to borrow some money. Don't be a bottomless bank. Make it a business transaction by explaining how credit works and help your child to understand how mush debt is acceptable. Talk about the consequences of too much debt and late payments. Discuss where the money will come from to pay back the loan. Your child must pay the loan back in agreed increments within a certain amount of time. As always, do not talk down to your child with the goal of making it a good experience.

BUYING A STOCK in a company that makes a product that interests your child is a great way to involve him/her in the business world. Follow the stock with your child, then, make it a venture where you put up the initial capital. Choose a stock that sends material and newsletters to keep him/her involved.

SET GOALS FOR SAVING. You might want a special investment account for a particular goal. Their college fund is one. Your teen can encourage grandma and grandpa to add to that one. Saving for a car is another big goal.

CREDIT CARD ALERT is of particular importance to teens. Maybe the teen complains that she doesn't have enough compared to other kids, that her allowance is too paltry, that she doesn't have credit cards like some of the other teens, and that, in effect, you're a tightwad. You could, first, explain the importance of adult money management and how you want to help her achieve that skill. Then maybe you could give her some added chores, with the money going into a checking account accessible by a debit card. That way she couldn't spend more than what she had in the account, and she'd responsible for replenishing it. And tell her that if she handles that well for a year or so, you might consider getting her a credit card, especially if she ends up going to college. Teaching your teen about money offers a golden opportunity to communicate what's important to your family.

Denis Waitley and Maryann Rosenthal


This article was excerpted from Dr. Denis Waitley and Dr. Maryann Rosenthal's newest release, The Seeds of Greatness - The Value-based, Family Enrichment System for the 21st Century - to learn more go to http://parenting.jimrohn.com or call 800-929-0434.
 

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