Train your children for a profession

Is it possible to train your children early with skills like accounting or using finance tools? We see all the time that children are trained to be athletes since they were babies. Sentiments and morals aside, I just want to know if anyone has tried this.

 

I think you're much better off being a well-rounded parent than trying to pass on any foolish profession you've chosen. Engage your kids with mentally stimulating tasks, don't buy them any dumbass iPad or 4K TV or xbox etc., keep them fit and happy with frequent trips outdoors and exercise, make reading and homework fun and engaging, and I think most importantly, keep them very socially engaged with other children being raised similarly to them.

in it 2 win it
 

Isn't this what the parents of the target kids do who are dead set on IB/PE/HF from since they were 8?

But seriously, there's a sociological practice in which parents can "guide/gently push" their children into having certain fields of interest by constantly exposing them to related environments. I can't remember the term though.

 
MMBanker14:
Train your kids to ask questions, think for themselves, and solve problems. Then it doesn't matter what profession they choose.

^^^THIS!^^^

This kind of nurturing will be of far greater service to your children than trying to pigeon-hole them into one particular topic or field.

And let's be honest, as much as many people love to harp about higher education being the only way to high paying jobs... there's absolutely zero shame in not going to college and instead going to vocational or trade school... not every kid is cut out for college, not matter how much the parental units might push them towards it. I have friends who are electricians and plumbers who make as much or sometimes more than some folks in banking.

 

If you show a passion for something in front of your kids, your kids at a young age will usually get excited by it as well because they are learning to copy your emotions about a range of stimuli.

If I could instill three values in my child they would be curiosity, honesty and diligence.

Be excellent to each other, and party on, dudes.
 

Here's the thing: It makes way more sense to train children with relevant genetics for a profession that's more seriously based on talent, like athletics or music. Because you can develop that talent from a young age, and having a lot of talent in those fields, particularly the former, pays dividends later on. A lot of people would argue that skills in accounting and using finance tools is way more a function of hard work, than any natural affinity. Moreover, the finance field is one where paying your dues is such a huge aspect of the culture, that I don't know what marginal difference it would even make to have everything down at a young age. Only time this would make sense in my opinion is to teach your children coding from a young age.

 

I had graduated then and was desperate for an internship because I didn’t land an FT job. Thought I’d try networking. Sent out all sorts of emails to AM/PE/IB/VC just to cast a wide net and also I didn’t know what I wanted to do. Was offered two internships at no-name boutique IBs. Found out I actually loved it during.

If I didn’t do that IB internship, I’d have probs landed in commercial banking or consultancy ..

 

I had an interest in community service when I was a kid after visiting some developing countries... my dad bought me an easy to read book on micro finance and sustainable investing when I was 13. It sparked my interest in the field. He also would walk me around New York and tell me what all the banks were and what they do when I was 9 - he made it like a story..

 

Business acumen and personal finance basics are actually a part of several public school curriculums in the South and probably elsewhere across the US. By making subjects traditionally taught in school more easily relatable to career possibilities, kids can arguably increase their motivation towards studying.

Carl Van Loon Van Loon & Associates
 

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