A CFP and self-made millionaire has a lesson for kids: You won't get rich working for someone else
Courtesy Jeff Rose
- Jeff Rose is a certified financial planner and the blogger behind Good Financial Cents.
- He's also a father of four who is on a mission to teach his kids how to be good with money.
- In an article published on The Good Men Project, Rose shares a few of the lessons he's passing down to his children.
- His top piece of advice when it comes to making money? "You won't get rich working for someone else."
- Read more personal finance coverage.
Jeff Rose is on a mission to teach his kids how to be good with money.Rose is a certified financial planner, the founder of the personal-finance blog Good Financial Cents, and a self-made millionaire.Advertisement
"It's common for every parent to teach their children what they've learned in life. And since being a millionaire has been such a wonderful advantage for me and my family, it's absolutely something I want to pass on to my children," Rose wrote in an article published on The Good Men Project.
Among the lessons Rose says he's teaching his kids - don't be afraid to fail, take risks, and accept rejection, to name a few - is one invaluable directive about making money: "You won't get rich working for someone else."Rose writes: "Self-employment is both faster and a more efficient way to become a millionaire. First, you don't split the profits with anyone. Whatever revenue your work produces is yours. Second, and perhaps even more important, your ability to satisfy your customer isn't restrained by an employer's rules."
In more than a decade as a financial planner, Rose has worked thousands of families and discovered a clear trend among his highest-earning clients, he wrote in an article for Business Insider. People who earn six figures don't settle for a low salary - they find a job with unlimited earning potential.While it is possible to get rich when you're not the boss, "it's infinitely more difficult," he writes for The Good Men Project. "My kids need to know there's a better way."
- More personal finance coverage
- What's the best airline credit card?
- The best cash back credit cards
- Are CDs a good investment?
- When to save money in high-yield savings
- Best rewards credit cards
NOW WATCH: 9 items to avoid buying at Costco
- How to start a video meeting from Google Meet on phone or laptop
- Now tell Google Assistant, Siri to open Alexa app on smartphone
- 26 more BSF personnel test COVID-19 positive in Meghalaya
- Tata Motors reports 64% decline in group global wholesales in the first-quarter
- Guj: Diamond trader kills self after testing COVID-19 positive