Summary of Enette Pauze's presentation

29 octobre 2019 | Michael Kirkpatrick


Partager

How to Engage and Inspire Children and Teenagers When it comes to Wealth, Enterprise, & Legacy

Show me why you love Minecraft

We recently hosted a breakfast presentation titled: How to Engage and Inspire Children and Teenagers When it comes to Wealth, Enterprise, & Legacy

Our guest speaker was Enette Pauze and below are some of the notes I took from her presentation:

Enette shared with us three stories that illustrated how she tried to impart some wisdom to her children. The lesson from these stories can be modified and applied to any family regardless of the age of your children. It is not about repeating what Enette did with her children but more about discovering what works for your family.

“Show me why you love Minecraft”

Enette’s son really liked a video game called Minecraft. In order to understand him a bit better, she asked him: “Show me why you love Minecraft”. The purpose of asking this is to step into your child’s world (instead of bringing the child into our world) in order to see what is it that interests them. It also helps to open the lines of communication as most children would love to share their passion and interests with their parents.

Once you understand your child’s world a bit better and what motivates them you can then figure out how to impart lessons to them through their lens/world.

Enette wanted to encourage her son to set goals and to write them down. To accomplish this she would have him write in a book answers to the following questions when it came to his favorite video game Minecraft.

What did you plan to do?

What did you do?

What did you learn?

How will this help the world?

Enette’s son loved doing this as it all had to do with his game, and he liked to share the answers with Enette. Down the road he started to apply the above questions to other areas of his life such as his athletic pursuits.

$17 Truck: Setting Goals and Saving

Enette’s son wanted to buy a $17 truck. In order to impart lessons about money management and entrepreneurship, Enette listed the different ways her son could accumulate the money such as:

Allowance

Shoveling driveways

Cutting lawns

Garage sale

Providing a valuable service to his brothers or friends

Then they wrote out the goal on a poster and kept track of his progress. This helped him visually see and understand where he was and how close he was getting to his goal. When he finally earned enough to buy the truck he appreciated it more as he had earned it through hard work.

Allowance:

In order to teach her children about taxes, saving, and money management Enette has her children allocate every dollar they earn in the following way:

50% goes to tax (ie: to Enette in order to cover food, room and board etc.)

25% goes to savings

25% is for spending

This way it helps her children get used to the concept of paying taxes and saving a portion of every dollar made. Now they are in the habit of treating each dollar the same and will continue to do so as their income increases.

Enette encourages all families to sit down as an extended family (with grandparents etc.) and talk about what you want to accomplish together and to get on the same page when it comes to raising the children and what are the important lessons and values you want to share with them.

5 learnings for parents:

Ask your children “show me” instead of “tell me”. This will allow you to step into their world.

It is not “what”, it’s “why”. Try to understand why your child likes whatever activity they are passionate about. This will help you better understand them.

Movement matters. If someone is gravitated towards something it might be easier to move with them and to try to guide them as oppose to outright trying to stop them.

Link it to love it. Try to find a link between what is important to your child and what is important to you. That common ground will help in figuring out how better to communicate and teach them.

Spontaneous is significant. Whatever activities or hobbies your child gravitates towards spontaneously is significant and meaningful to them. Pay attention and notice what they do naturally. For older children it might be what they read, where they travel to, and music they listen to, shopping etc.

Enette Pauze, PhD, FEA

Enette grew up in a family business and with her expertise in leadership, strategic partnership and family enterprise, she serves as a family facilitator and business advisor.

She completed her PhD at the University of Toronto specializing in organizational partnerships, she is a designated Family Enterprise Advisor, and is an active member of the Purposeful Planning Institute and Global Speakers Federation. Dedicated to helping business families steward family legacies that span over 100 years. She serves family enterprises in Canada, USA, Mexico, South Africa, New Zealand and Australia, and facilitates multi-family masterminds from several nations.

https://www.linkedin.com/in/enettepauze/