To model a good testimony
When your wealth is also used to take care of your parents you become a model citizen with a good testimony. Many people become a rich, but do not have a good testimony. Many people become rich, but do not have a good testimony. We must never lose our testiomony when we become wealthy. One of the fastest ways for us, or our children, to lose it is to treat those close to us, our parents, and our children with dishonor when it comes to money.
How many times have we read in the papers where members of prominent families, children or parents, take each others to court fighting over money, or are not using their wealth to take care of their own parents and children, thereby having news coverage of a bad testimony?
If parents and children know how to honour we can keep pur testimony is what keeps people interested in working with us testimony is what keeps people interested in working with us and joining with us for business and life, and more importantly, it keeps wealth flowing into our lives.
To honour your parents
We also honour our parents with our money simply fo the sake of honoring our parents for being our parents. There is so much that we need to teach our children and remembering that we must practice it first, how do we do this ?
Decide and take action to give your parents 10 % of your income. If you really cant because you are in a bad financial situation, then work out a budget allocating what you can afford to give them. Be consistent with that portion.
You also have to work towards taking care of the following of your parents needs:
– Medical expenses
Buy insurance coverage for them if they do not have enough or use a portion of your cash.
-Proper nutrition and diet
Especially if they need to be on a prescribed diet for health reasons
Get the appropriate care such as, nurses or maids, if they need it
-Entertainment activities and holidays for their recreation
-Quality of life
Any other basic ingredient in their lifestyle, or for a better lifestyle, that you can afford to give them.
When I achieved my wealth, I helped my parents with th renovation for their home, medical expenses, emergency funds, appliancesfor their car, household expenses, emergency funds,appliances for their home to upgrade their lifestyle and many other things so that needs could be met. This is in addition to taking care of them financially and given them money every month.