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Secrets of Successful Parenting: Teach Your Child How to Gain, Save and Give
Born on July 8, 1839 in Richford, New York, John Davidson Rockefeller was raised by his mother Eliza. His father William Rockefeller was a frequent traveler; therefore, Eliza, who was a housekeeper and a devout Baptist, struggled to take care of the house. John was the second of six children.
His mother believed and followed the plan of John Wesile; “get all you can, keep all you can, and give all you can”, which he combined with John. When Eliza was young, she also taught her son that; “deliberate destruction leads to severe deprivation.” He also taught him to give one-tenth of his money to the church. Until his death, John did not forget these principles.
Young Rockefeller did his share of housework regularly and earned extra money raising turkeys, selling potatoes and candy. He kept the profits and eventually began lending small amounts to neighbors.
In 1853, John attended a ten-week course at Folsom’s Commercial College where he learned bookkeeping. He was well behaved, mature and studious. He successfully completed the course and became an expert in accounting.
At the age of 16, Rockefeller got his first job as an assistant bookkeeper at a firm called Hewitt and Tuttle. He earned 50 cents a day. His goal as a young man was to make $100,000 and live to be 100. He kept his salary and gave to the church until 1859 when he, and business partner Maurice Clark raised $4,000. John quit his bookkeeping job and went into business with a partner.
He ran a grocery business and earned money every year. In 1863, a firm called Andrews, Clark & Company was established. It was created by Clark and Rockefeller, chemist Samuel Andrews, and two of Clark’s brothers. Whale oil was too expensive for many people and there was a need for cheaper, common oil. So, the crew built a refinery in Cleveland.
In February 1865, Rockefeller bought the Clark brothers out of his own $72,500 in sales and established the firm Rockefeller & Andrews. William Rockefeller, John Rockefeller’s brother through the same principle of saving, finding and giving built a refinery in 1866 and brought John into the partnership. In 1868, the firm of Rockefeller, Andrew & Flagler was founded. The company did well and continued to make returns. The partnership consisted of two Cleveland refineries and a sales agent in New York; it became the largest refinery in the world. Then the partner became Standard Oil.
Standard Oil grew to become one of the largest oil and kerosene exporters in the US. Rockefeller continued with his group’s self-improvement by buying competitive machines. In 1872, Standard Oil bought 22 of Cleveland’s 26 competitors. The company switched to a different fuel source, using waste oil. It developed and manufactured more than 300 petroleum-based products from beeswax to Vaseline petroleum jelly to chewing gum. By the end of the 1870s, Standard Oil was refining more than 90% of the oil in the US, and Rockefeller was already a millionaire. His vast American empire included 20,000 domestic oil wells, 4,000 kilometers of pipelines, 5,000 tank cars and more than 100,000 workers.
When he retired at the age of 63, Rockefeller had a net worth of $58 million in 1902. As his wealth grew, so did his giving. He continued to give 10 percent of his money to his church, the Baptist Church. John gave $ 80 million to the University of Chicago, turning the small Baptist College into a world-class institution by 1900. In 1913, he founded the Rockefeller Foundation, which focuses on public health, medical education and the arts. In total Rockefeller donated about $250million to the foundation.
By the time of his death in 1937, Rockefeller’s wealth tied up in the family trust was approximately $1.4 billion. Despite his wealth in the last few decades of his life, it would make him the richest man in recent history. No American fortune, including Bill Gate or Sam Walton can come close.
Every child is born with “give me an idea.” At the same time, they are born; they are crying; “Give me some milk.” The child grows up with the belief that he should be given everything he needs. These thoughts are not true because life does not give what a person wants freely. There is a cost to all living things. Asking dies when we learn the lessons of getting.
Teach your child the wonders of gardening. Tell him how the farmer cuts the bushes, tills the soil and sows his crops. Tell him that the farmer must water the crop again, remove weeds and soften the crop. Make him feel the joy of the harvest. Also, tell him that one seed sown must produce many seeds. Your child needs to know how you earn money to pay the family’s bills, including his own. Dad tells you son that there is no shame in work, all there is is respect. Let them know that it is more respectful to sweat than to beg. Don’t forget to tell him what Abraham Lincoln told his son; “A dollar earned is worth more than five dollars earned.” Until he knows this, he will continue to say; “Father; give me, mother; give me, uncle; give me the government; give me…”
The taste of money cannot be compared to the work to be done. The pleasure of getting and spending money. Human needs are insatiable. Our income may not match our needs. The eye cannot be satisfied. The mouth will want more. The flesh cannot be saturated or over-dressed. Money always shows that money has increased. At the same time, money hears good news; it will display all its attractive features for the senses to see. You can’t change it, but you can control it.
Tell your child that waster is useless with identical twins. Your child needs to know that happiness will never end, it will always be there. The sun does not shine all day, therefore, tell him that there will be rainy days, when what is preserved is what sustains. Tell him how you saved to build the house. Teach him the wisdom of ants, which work not to eat but to save. Tell him that he only needs the most important things to survive and not his personal needs. Give him two biscuits, tell him to eat one today and one tomorrow. As he grows up, give him pocket money, teach him to spend some and save some. They should know that BMX, Mercedes Benz; Audi and other car manufacturers are not sleeping; they will continue to make more dangerous products. Let him know that a woman has what other women have and a man in New York is the same in Kinshasa.
Teach him the pain of giving up his desires and the joy of being content. Call him what my teacher called me; “a bird that is near is worth ten thousand in the bush.” Let them know that a chicken can build a chicken farm and a tree can build a forest, it just takes time. Remove money from his lexicon and change and save.
Humans are naturally selfish. They always want to get more things than they want to do. Fear of the unknown drives him to seek more. We want to make sure we have enough to deal with the unexpected even if it hurts others. We don’t want to lose what we have because we feel we don’t have enough. The uncertainty of life has put this fear in us, so we cling to what we have.
However, teach the child that until the earth releases water from the atmosphere, it will not enjoy the coolness of the rain. Tell him that it is better to give than to receive because the giver controls the receiver. Teach him the secret of charity, that he may give freely to the needy. Let him know the reward of comforting widows and fatherless children. Make him the eye of the blind and the mouth of the mute. Tell him that in order to escape poverty he must give to the poor because no one is in need of what he gives freely. He should know that in order to attract respect he must give to the people of his community. Tell him that in order to please God he must give to the church.
To show his compassion for the needy, let him celebrate his birthday at an orphanage or a home for the sick. To help him give freely to God by taking him to the hospital to visit the sick, he will realize that God is generous to him.
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