Guest blogger Jessica Katz: Growing up, I was always taught that money can't buy happiness. "If you have love, you have all you need," my parents told me, along with many other fiscally flippant chestnuts -- all of which were aimed at teaching me that money wasn't everything, so I shouldn't be materialistic.
Despite my parents' best efforts, however, I still coveted designer clothing, fancy shoes and the ever-popular Teddy Ruxpin
. As I grew, so did my taste for the finer
things -- which inspired me to work hard to get them.
My sister, on the other hand, had (and still has) no interest in having nice things, and therefore has no
interest in working hard to get them. She flunked out of college and never
desired a good career or even a rich husband. Why should she work hard when she
is perfectly fine in her mediocre life with her mediocre stuff?
So ... I found myself telling my baby the other day how important money is. In my view, there is nothing wrong with knowing that money is good. It motivates! Children with a healthy understanding of financial success have a stronger work ethic than those who don't. Money
buys nice things, pays rent, pays for college (and preschool), buys food and even buys underwear. Let's face it: It makes life easier, so it's important to work hard to get it.
I'm not saying that you need to buy your kids "stuff" for them to think life is
good. I'm just saying that money may not buy happiness, but it does buy you things that make