Daddy the Employer

So my son isn’t old enough to understand allowances, money, or even chores for that matter, but I have decided to treat Matty’s allowance like his salary. I am going to become the Employer, CEO of our family, and Blue Cross/Blue Shield all rolled into one. I want to pass on the knowledge that being a hard worker and meeting your deadlines inherently brings reward. If he takes care of his responsibilities he will be rewarded with his allowance, and I feel that my duty as a father will include teaching him about saving his money and also how to make his money work for him through investments and ventures. I know that he is still so little and I feel a bit silly thinking about him vacuuming for his weekly allowance, but that is one thing that I wasn’t taught at all growing up.
I don’t want him to be one of those people that think the only option is to go to work, be a zombie, and come home. I really want to foster the entrepreneurial spirit within him. I read Rich Dad Poor Dad  by Robert Kiyosaki awhile ago and it was a real eye opening experience for me. I certainly am not going to be quite as adept at making my son a financial genius as Robert, but I want to try. Some of the behaviors that I think help the mindset of a financially successful man are:

•  Understanding delayed gratification
• Not settling for the bird in the hand/being willing to take a risk
• Not needing to accumulate possessions to be happy
• Really understanding that his word is his bond
• Always staying positive in the face of adversity

I am sure that there are a thousand other attributes that need to be on this list, but this is where I am starting. Please feel free to leave a comment on what you feel is important to pass on to your children to keep them financially smart. Thanks!