3 Hard Truths You Learnt in 2020 That Your Child Should Know, Pronto

January 11, 2021

3 Hard Truths You Learnt in 2020 That Your Child Should Know, Pronto

Thanks to Covid-19, 2020 has been difficult year for many individuals. It might have been trying for you, but we are sure that amongst the anguish and uncertainties, there are many lessons that can be learnt from such a significant year in human history. Take this opportunity to learn from your mistakes and impart your newfound wisdom to your children in 2021 so they can be better prepared for their future.

1. Complacency Can Be Your Biggest Downfall

Back in the days when we were still youthful students, wise teachers would always warn us against being too complacent about our good grades as complacency can cause us to take our good grades for granted, put in less effort for the next test and end up doing badly. Teach your kids that this will definitely still apply in adulthood in the workforce as it is common for working adults in a cushy job to take their position for granted and feel that they will not lose their jobs as long as they do not make any major mistakes.

The economic crisis caused by the pandemic has shown how companies can shut down overnight and jobs can be taken from us in a snap of the fingers, all out of our control. Years of savings can dissipate within months if your income stops rolling in and bills still have to be paid. Being complacency can lead us to feel despair when hard times come knocking on our door. If you have experienced this in the past year, you should train your children to become adaptable workers in future who are always prepared for the uncertainties of the economy.

2. If You Don’t Invest in Yourself, Who Will?

Other than not being complacent about having a cushy job, the only way to protect yourselves from sudden long-term unemployment is to constantly stay relevant in your industry by regularly taking refresher courses and learning new skills to add on to your resume. This is so you can find employment within the shortest time possible if you were to lose your job unexpectedly in future.

Remind your kids to have other passions and interests outside of their academics. This will cultivate the good habit of dabbling in something different outside of what they are doing fulltime. Encouraging them to develop soft skills on top of being academically-inclined is a good example of teaching your child to invest in themselves as it will make them more valuable as an employee in the future.

3. Save While It’s Sunny

In order to rave for a rainy day, you have to save while it is still bright and sunny. It can be difficult to not “treat yourself” when you have been doing well and working hard. Drill it in your children that the point of saving is to make sure that they will not have to make significant changes in their lifestyles if things were to go south in the future. Let them understand that the amount of material goods they own will not serve them any purpose when they are down and out. Take this opportunity to teach them the value of saving, and show them what are the pitfalls of overspending for immediate gratification.

We Don’t Know What The Future Holds, but We Can be Prepared

There is no telling what will happen in the future. Maybe Covid-19 will cease to exist, maybe we will co-exist with the virus, but here at Kidchamp, we believe nothing will daunt us if we constantly stay on our toes and be prepared for anything that comes our way. If you have learnt this lesson the hard way in 2020, educate your kids so they don’t have to.

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