Smart Goals To Teach Your Children Well!

“Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma - which is living with the results of other people's thinking. Don't let the noise of others' opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition.”   Steve Jobs

The task of teaching your children how to set smart goals will ultimately fall to you.  There are plenty of sources to help you with the task.  You’ll find some of that good information listed within the postings at

The next generation will be facing some unique hurdles as they prepare the groundwork for those smart goals and the plans they will set in motion to achieve those goals. 

The first thing to remind them is that plans are in sand, goals are in concrete.  With changing economic conditions, the plans will have to be flexible.  These are the pages that inspire me the most.  This is one of the main reasons I launched

Setting smart goals requires a paradigm shift.  It requires some new thinking.  And it requires new, or perhaps more accurately, a return to accepting personal responsibility and taking the initiative to do great things.  After all, that is what built America into a manufacturing dynamo and a beacon of hope that offered everyone an opportunity.  Not a guarantee, but certainly a chance if they took that personal responsibility to heart and added in action.

We all need to read more, move more, question more, and expect more.  There is plenty of time available in our day for this paradigm shift.  We can simply convert some of that time watching "reality television" into something much more productive.

Making this move yourself could be a great gift to your children.  They'll follow your example-good or bad.  If they see you seeking more knowledge, developing more wisdom, accepting more responsibility, and taking more initiative to dig the well before you need the water, they just might do the same thing.  And you'll really appreciate your own efforts if your smart goals and action steps secure your futures. 

We'll begin this discussion with the challenges to be overcome by the next generation.  I'll wrap up this page with perhaps the four most empowering words you could ever pass along to your child.  These words, if acted upon will be the catalyst to amazing success levels.

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Two Elephants In The Room To Recognize When Setting Smart Goals

In this page, we’ll continue to Teach Your Children Wellby highlighting the two elephants that will cut into their efforts.  In fact without proper planning, these behemoths will cut into their actual day to day income statement.

The first of the two cash-consuming elephants is an aging baby boomer population.  Numbers change but the U.S. government is now hinting that 2035 may be a target year for the danger zone in the fund that pays retirees.  2024 is the target year for exhaustion of the Medicare hospital fund.  The smallest fund is the disability fund.  Social Security trustees expect that fund to be in big trouble much sooner.   What age will your child be in those target years?  How about you?

As people live longer, more and more of them will need to apply for some form of assistance.  Disability benefits are up 53% over the past ten years.  Nearly half the households in America receive some form of government assistance.

Medicare will prove to be the biggest financial challenge for your children.  There are 80 million baby boomers and the first group has begun the process of collecting on Social Security and Medicare.  Can you imagine the monthly bill for your children if the average payout is $1000 per month?   Since no one, including the authors of Obamacare and even those who voted for it, know the costs of that massive expenditure, the monthly tab per person could be much higher.

The new government that seeks to replace Obamacare doesn't know how to do it either.  They offer more unsubstantiated numbers which are just another spin on false promises. 

The second major challenge will be the options available to pay this bill.  Since the federal government knows nothing about business, their only fallback is to increase the share of income withheld from the paychecks of the generation that is still working.  Plan B would be to cut the benefits of those who paid into the funds for a lifetime of work. 

To achieve those less than noble objectives, our esteemed leaders who helped create this mess will need to get elected over and over.  That will require a continuing promise to “help” everyone.  They have no workable plan to do that other than the old, famous “tax the rich" line.  Of course that shrinks the job force by closing business ventures.  Which in turn adds to the numbers seeking assistance.

The Mechanics Of Setting Smart Goals

So how do you teach your children to overcome the barrier presented by these metaphoric elephants in the room?  A big part of setting smart goals has been repeated on this web site several times.  Your child must become a student of history.  In particular, the history of money

If they do not know the rules, they cannot win the game.  I would suggest several books that will lay the groundwork for your child’s best chance to succeed.  The first edition must be “Rich Dad Poor Dad," by Robert Kiyosaki.  This book is very possibly the finest financial education book ever written. 

Our schools do not teach about money because most teachers do not understand it and the system is set up to crank out employees to pay taxes to the government.

Next have your child read “Conspiracy Of The Rich," by the same author.  You should read both books as well.  Then you will understand how the educational system is connected to the big banking sector.  This book will help to level the playing field.

Then I would advise both you and your child to read our page about how to set goals.  I continue to include both parent and child in these suggestions.  Our kids learn by what we do, not by what we say.

In this page you'll find some quality actions steps to advance your efforts to set smart goals.  And there is a link to a page about the very best goal setting teacher of all time, Stephen Covey.  He has two editions included in our list of classic books, as does Robert Kiyosaki.

At the end of this page, I've provided a series of books to help anyone set smart goals.  They focus on specific topics and provide information far too few people really understand.  I'm certain that if you and your child read these books, you'll be much more financially astute than 3/4 of the members of congress.  And these are the people who are supposed to be representing "our interests."  Do you feel represented?  Or maybe ignored?

The Four Most Important Words For Setting Smart Goals

"Do what you love."  This quote has been attributed to several people.  I know that an old quote by Henry David Thoreau contains those four magical words.

Now, that doesn't include sitting around and letting the tax payers support you for life.  As I've written in our page about the entitlement mentality, this process is suffocating our nation and much of the rest of the world.

But I do think many young people make a serious mistake right out of high school.  And as parents, we must share part of the blame for this error.

There is such a huge push for new graduates to move right into college.  Even though they have no idea what they want to do with their lives.  We tell them to go anyway and "get the basic classes out of the way."  Except those "basic classes" may never fit into our child's aspirations.

There's nothing wrong with working for a year to think through what you'd like out of life.  I didn't write that there was nothing wrong with sitting around all year.  You did read that entitlement mentality page, didn't you?  Work builds responsibility, which will carry you through whatever path you choose.

Maybe remembering the quote in the following call out box will be the best inspiration in your quest to set smart goals.

“Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven't found it yet, keep looking. Don't settle. As with all matters of the heart, you'll know when you find it.”  Steve Jobs

Smart goals will need to include preparation in advance before starting college.  We already posted a page on student loan default.  The number of college grads working at jobs paying minimum wage that don’t even require a degree is rising quickly.  Your child must know that his or her chosen field will be one that has the skills the new world market is seeking.

Keeping their private debt prior to getting a job as low as possible is vital.  A completely accurate economic forecast is nearly impossible because the governments and the big banks are manipulating the markets so much that they don’t know how to get out of it themselves.  The page about the secret meeting on Jekyll Island would be an eye opening study for them. 

The most important business intelligence tool will be knowledge.  Teach your children well that they must challenge the old way of thinking.  Times are changing and that is a double edged sword.  It will be very tough but it will also be a time of great opportunity for those who have set smart goals backed by solid financial education.    

Our next generation has a chance to do incredible things.  Here is a link to the website of a young lady from Canada who is following her vision.  And she is making a positive difference. 

And finally teach them to use their own voice.  Teach them to become involved in the political process.  The big banks, the corporate giants who lace our food with toxins, and entrenched politicians are counting on another apathetic generation.

Teach them to demand better representation. 

More Suggested Reading

"How And Economy Grows And Why It Crashes" by Peter and Andrew Schiff

"The 7 Habits Of Highly Effective People" by Stephen Covey

"The 8th Habit" by Stephen Covey

"Why "A" Student Work For "C" Students And "B" Students Work For The Government" by Robert Kiyosaki

"Eat That Frog" by Brian Tracy

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Just below is a quote from "Don't Sweat The Small Stuff" by Richard Carlson.  The chapter title is "Open Your Heart To Compassion." 

"Every day we are given hundreds of opportunities to practice compassion in action.  We can learn to be less reactive and live with more patience.

We can smile when others are serious.  We can drive our cars more carefully, pick up litter on the streets, recycle, and reduce our consumption.

We can resolve conflicts rather than create them, and we can become less judgemental and more inclusive.  When someone is aggressive, we can teach them to be more peaceful.  Instead of waiting for an example, we can be the example.

The more compassion that enters your heart, the happier and more peaceful you will become.  By knowing that you are doing your part to create a better world-whatever form that takes-you will fill any void that exists in your life, and you will begin to find the peace you are looking for."

What's New?

Just below is an article from Peter Schiff about passing the buck from one administration to the next.

Owning The Bubble

Just below is a link to look up your congressional representatives.   Let them know you expect accountability.

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