I recently read the book,The Art of Spending Money by Morgan Housel. There were two stories that I really liked and would like to share with you all. 

Both related to kids and money.

The author writes in his first story titled “What Money Can’t Buy”

“I once heard a story from a priest that I will never forget.

This priest spent decades delivering last rites in hospitals. It’s the kind of experience that puts you in a unique position:You become familiar with how people say goodbye to loved ones.

When a parent is dying,their children often go to the priest with a sense of despair. How do I say goodbye to a parent who was so instrumental in my life? How can I possibly tell them how much they meant to me?

The priest’s advice to the kids is to go into the room,one by one,and thank the dying parent for the one thing they are most grateful for.

In families that I know have had a lot of problems— strained relationships— the child will often thank the parent for something that cost money,” he said. “Thank you for putting me through college. Thank you for putting food on the table. Thank you for buying me a car.”

In the best families,the ones I know have solid relationships,” he said,” the kids say the same thing every time.”

“Thank you for believing in me.”

The other story is titled “What Your Kids Want”

The story goes like this

“A Dad played a game with his son every week. He offered the son a dime and a nickel,and told him to pick one. 

The son picked the nickel every time. 

His brother told him he is crazy,because the dime is worth more. 

“No,because if I pick the dime,Dad might stop playing this game,” the son replied. 

If you are fortunate to have enough money to spend some on your kids— or your friends,your neighbour, your partner,whoever it might be—remember that the ones who love you almost certainly don’t want your money as much as they want your love and attention.