Raising A Millionaire: Weekly Digest
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Raising A Millionaire: Quote of the Week

"When there is no peril in the fight there is no glory in the triumph."

  -Pierre Corneille

Raising A Millionaire: Article of the Week
Start Young to Make Your Child a Success
If your child's success in life is important to you, there's one thing you must do while they're young. Regardless of whether they work in business, ministry, the home, in government, in a school, or anywhere else, doing this one thing for them will pay off big.

Back in 1883, Wilbur Crafts, a well-known author, pastor, and public speaker of his day, published a book called Successful Men of Today. Crafts surveyed hundreds of successful businessmen and found something very unusual. The vast majority of them grew up in the country. Crafts said, "I find that while only 47% of our population of working age reside in country districts, they furnish 57% of our successful men. While the cities, with 20% of the population, furnish 17% (of the successful men). A very large majority of our famous men were farmers' boys."

However, Crafts went on to say that being from the country was not what made these men successful. What made them successful was that, as farmer boys, they learned to work hard at a very young age.

While Crafts' information is over 120 years old, Marty Rossmann, at the University of Minnesota, confirmed his finding in 2002. Rossmann studied 84 young adults. She recorded how young their parents made them do chores and compared it to their success (measured by completing education, starting a career path, IQ scores, relationships with family and friends, and not using drugs). She discovered that the children who learned to do chores when they were three or four was the best predictor of the person's success in their mid-20s.

Some parents feel that they can wait to teach their children to work when they're teenagers, but Rossmann's research found that this was the worst time to teach children to work. In fact, those children who didn't do household chores until they were 15 or 16 were the least successful of all those she studied.

Learning to work at a young age was so important, it was a bigger factor in a child's success than anything else - including IQ.

So if you want your children to be successful in life, teach them to work when they're young. Training a three-year-old to work isn't going to hurt them (as long as you don't overwhelm them).

Raising A Millionaire: Other Articles

Retirement Plan Primer - An overview of the most common retirement plans.

Why is it Important to Learn from Mistakes? - By not learning from your mistakes you are doomed to repeat them.

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