I have come to observe one key fact about life and that is The foundation of anything be it building or business or any project whatsoever if the foundation is faulty there is bound to be complications along the way.
I have observed personally in my own life the struggles, to become and altho i had a rough background and upbringing i realise at this point what a lot of other kids like me back then had gone through, i understand that most times the economic situations in various countries also matters were lots of parent have to struggles to make ends meat and put food on the table for the family- this has being the prevailing circumstances in most African countries because of the livelihood and systems here but in advance economy its not so, there are systems that make provisions for children and teenagers such that by the time they come of age there are already provisions ready to cater for needs career, professions that will establish them later in life .
Thats why its like a link between the rich folks and the poor folks, thats a reason why the rich continues to get rich through wealth transfer mechanics and the poor also likely remains that way cause there is nothing left than just hand-to-mouth 1staiky routin of survival.
Just yesterday i and my colleague were discussing about the richest man in Africa which is Aliko Dangote who is into multifaceted business across all industries, i told them Aliko Who happens to be Dangote's father was the richest man as at the time from northern nigeria he was able to amass wealth also from his own father, i dont really know how the chain started but tge Aliko's are one of the very wealthy and influential families from the past till present, the reason been that the families wealth
has been transferred from one generations to another...
There's a systematic practice that is predominant in the eastern part of Nigeria among a tribe called the igbos, this people runs system of business were at an early age a father introduce his children into his Business teaching them everything it takes in the business: selling, negotiation, purchase how to manage the business well and successfully so the wife and children are part of the business so the children grow into the business and the father can then leave that business for them go on to open another one, so they can have like five businesses that is managed by the family, this single act teach the children financial literacy, handling money, understanding how money works and by the time this children become grown up adults they are better financial managers and handling business transactions that way they are established early in life.
CONCLUSION
As parents it is our responsibility to lay the foundation for our children's future, it gives them the early financial leverage to kick start and have a bettet life rather than growing to start struggling to stand or make it because their parent failed at laying a proper foundation for them to have a better head start in life.
