Our beliefs about money and wealth are often passed down from our parents to us at a very young age, and then influenced by our experiences, friendships and media.
In our business, we encounter many people of all races and financial backgrounds. Yet we notice one thing common to everyone. When our clients bring their children with them while searching for real estate, the children all take an interest! From the 4-year-old who insists on finding his or her new room to the 14-year-old who has a comment about the offer price. All children know what they like and whether or not that home makes sense for their family.
Yet so many parents leave their children at home because they view it as adult business and the kids will only slow down the process. When, in fact, one of the most important gifts parents can give their children is teaching them the process of buying real estate and what it takes to own a home.
Ask children to point out homes they would love to live in and they all will answer with enthusiasm. Would this not be a great time to discuss what this dream home would cost and what they would have to do in life to get it? As parents, we want to teach responsibility to our children and how to become self sufficient in life. However, as parents, many of us are limited to the knowledge and experiences our parents passed on to us.
Almost everywhere you turn, you can find books, articles, lectures, blogs, workshops and courses on real estate. Never before have we had such a variety of resources available to us in real estate. But at the same time, many parents have neglected to “Pass the Knowledge On” to their children. The question is, why? To learn more about buying real estate and how to give children the knowledge that will help prevent future real estate mistakes go to www.MakeNoMistakes.com.
Pass The Knowledge On®!