Mike Smith:
Denise, as you know, debt’s an epidemic in our nation. How are you teaching your five sons to be financially responsible?

Denise Mira:
As parents we have to realize that the way we live our lives is the most powerful form of teaching our kids, and in the area of finances, I find this to be so true. First off, Greg and I work hard; we believe a strong work ethic is a necessary foundation for financial success. And one of the first scriptures we taught our boys is one that many adults still in our society don’t know: “If a man will not work, he shall not eat” [2 Thess. 3:10]. Our kids have always been required to carry substantial weight around the house by doing chores. They’ve never been afraid of hard work and they have never been without income. Another principle I have in mind comes out of Philippians 4. Greg and I have chosen to be content whatever the circumstances. Whether we’ve been prospering or pinching pennies, my husband and I made it a lifestyle to live within our means. Credit card debt wasn’t our lifestyle. Also, at about age 12, we start our boys on a money management system which I detail in my book—it’s been particularly helpful in training them to budget and to teach them the value of a dollar. Consequently, by the age of 19, each of our adult children managed their own home. I believe money is such a biblical topic and we can’t just cross our fingers and hope our kids will “figure it out,” no pun intended. We can apply workable strategies, Mike, to help our children become financially responsible in life.

Mike:
That’s wise advice, Denise. Thank you so much. And until next time, I’m Mike Smith.