It is very common especially in Africa. The major reason is that the parents always believe that the children may be too young or naive to make a wise decision. And just like you concluded, it is analogue way of thinking. But I have seen another argument here saying that parents need to be third party to be like an advisory body.
I love the angle and the perspective you are viewing this. A parent who is skilled and an astute business person can choose for his child especially if the child wants to toe his parent's line because he has experience in the business. But most parents that are not even into business still want to choose for thir children based on old age experience.
I am an Asian. I come from India. I have stayed for almost two decades out of India in various countries like in US for 10 years, UK, Japan and South Africa. These were all work-related stay as my husband had a job that made him travel a lot. Other than I have travelled many countries and love to know of their societies and culture.
I guess u are an African. I don't want to overrule your points totally. But the fact is that Africans always accord much wisdom and even intelligence to the older generation which it may not even be so in some instances. We have seen some parents that misled their children as well the one that guided their children right. I think it is high time children are left alone to make choices. When they fail, they learn better.
That's a very good example of how parental involvement can actually be beneficial. The younger generation always has more avenues and is more updated and aware. But then we have to consider the fact that the older generation is always there with greater wisdom and experience. Parents should not be overcontrolling or suffocating their children who are adults now with their instructions. But a wise idea is always welcomed. When we were planning to buy a plot, we were almost there to finalize the deal. My father-in-law visited the plot and found out few logistic faults there that we missed out. That made us rethink our decision and we cancelled the deal. Till date, we are thankful that he noticed that. Few others who invested in that area are suffering and they are now stuck.
Are you talking about plot of land or what?? Normally parents advise their children to make right choice, no parents will watch the child to squander money unnecessarily by making wrong choice. Before i go on to buy any thing or invest in any stuff that has to do with making profit and losses, i first seek guidance from my parents in order for them to give me the right advise to go into such investment.
Yes, parents needs to act as third party or advisory body to their children's decision making. And not influencing their children's dream, and choosing a career for them in the future to work with. Some children don't live up to that standard that is set out by their parents cos they where pushed to study what they never wanted to.
I agree that it's all have to do with societal and cultural influences. Many societies especially the ones from Asian countries show that kind of parental influence throughout into the adulthood too. Western countries have little or no parental interference once one is adult. And I have said that both have their own pros and cons. It's always good to have an elderly support and guidance. And elderly too feel valuable and needed if they feel that they are still there in their children's life. But then both sides should know where to draw lines and not get too controlling.
Wow I think there is one of the best advice I've ever seen today,our parents can actually be the people that can guide us on how to do most of these thing but it should not be a force that we must do what they said but if you can take their instruction it will actually help us in our investment journey.still following.
Whao, what a nice contribution. You really highlighted your points succinctly. And you explain better. But I think it is a factor of culture. In some countries, once you have reached a legal age, n one can dictate for you. You can choose to do whatever you feel like doing. And the only problem I have is that, parents do reject investment because of their hatred to it and not to any justifiable reason
Just like you have opined. Parents should only be valuable contributors. But we should not allow them to dictate or tell us what to do. And just as have rightly said, if their money is involved that is when they should have absolute control and influence on our choice of investment. If not, they serve as advisers and nothing more.
