This millionaire gives salary to his children instead of pocket money, told this reason, people started praising him

Every parent worries about the future of their children, whether they are rich or not. As children grow up, they are taught the importance of money along with their sanskar (culture). They are told how to save money. Because this lays the foundation of their future. Teaching children to use money properly at an early age makes a difference in their entire life. Thinking about this, an American millionaire has started giving salary to his children instead of pocket money. He gives money to children when they return after doing some work. He said that this will inculcate a habit of earning money in children. His method is going viral.

According to the Daily Mail report, David Ciccarelli, CEO of the giant company Lake, told how he explains the importance of money to his children. David became a millionaire at the age of just 30. He has four children, whose age is between 12 and 20 years. David said, I had decided in the beginning that I will not let the children live a luxurious lifestyle. I will force them to earn money themselves. So that they know the importance of this money. Talking to Business Insider, David admitted that he never handed over his hard-earned money to the children. He always ensured that the four children are not given pocket money, but salary. That too, only when they come back after doing some work.

Give only 85 rupees every week
Lake’s CEO said, I hate giving pocket money to children. I want them to learn to do some work for the family. We are ready to happily bear the expenses of their needs, like food or clothes. But I cannot even give a pair of fashionable shoes. I give money every month in the form of salary. I try to give cash according to the age of each child and the work they do around the house. That too, every week, just one dollar i.e. about 85 rupees. I often tell the children that if we do not have this one dollar, then we will not be able to do many things. David’s wife Stephanie said, this idea of ​​ours is proving to be helpful in making children a good person.

Children also learned to invest and earn money
David has opened a bank account for the children. They keep their earned money in it. They spend it using their debit cards. They don’t get anything extra. The result is that all four children have learned to invest and earn money. All of them have invested in companies like Tesla and Disney. David said, whenever they earn something, I reward them. If the children ever ask for more money, David asks them to do some work first. They will get money only if they work diligently. Once the daughter saw that the doors were creaking. She asked if she would get money if she fixed them? Then David said, just one dollar. This is David’s way of raising children, which is being liked a lot. People are also praising him.

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