Have a genie and even children can enjoy passive income.

OMG! -.-"





Child:
"I want that car!"

Mom:
"No. You have many toys at home already."

Child:
"I want!!!"

Dad:
"OK, OK. Daddy buy for you later."

Mom:
"No means no! You don't spoil him."

Child started to cry.




Grandpa:
"Aiyoh, simi lah. He wants, just buy for him lah."

Mom:
"Pa, no lah. He has many toys at home already."

Child sat on the floor, kicking his legs, his cries grew louder.

Grandpa:
"Aiyoh! See lah! Now like that! Come, Ah Boy, don't cry liao. Ah Gong bring you go next door and buy the car."

Crying ceased abruptly. Boy smiling happily took his grandpa's hand and skipped out of the restaurant.





Mom:
"URGH!!! I really hate it. Your father is always interfering with the way I bring up our kid."

Dad:
"Er... Dear, let's order the BBQ pork ribs. You like it, right?"

Sigh...

The mother probably felt angry having her authority undermined. 

However, I would worry more about how the kid would grow up thinking that whatever he wants, he only needs to ask for it. If he doesn't get it, just throw a tantrum and increase his chances. Simple!





A strong feeling of entitlement? 

You think so? 

I think so too.





Now, it is a toy car. When he becomes a young adult, what then? A Mercedes Benz?

"We are seeing more kids bringing their parents to the showroom to book a CLA-Class or A-Class," said a senior executive at Mercedes Benz. 
See: First time car buyer? Get a Mercedes Benz.

Genies in magic lamps are supposed to be immortal. However, human beings are not. 

Don't be a genie to your children or grandchildren. You are not doing them a favour acting like one.




Related posts:
1. Your children will become what you are.

2. How to have children and retire comfortably?

3. Make CPF a part of your child's savings plan.

4. Teaching young children financial literacy.

5. At what age to start investing?