Connect with us

Business

Finance: Invest in your children

Legacy Phuket Gazette

Published

 on 

PHUKET: I read an article in the BBC recently that I thought was worth sharing with my readers. It was about an investment that actually costs no money, but could yield very large returns to your children in the future.

The investment is in their imagination, and the study I read about had some counter-intuitive advice. It actually concluded that the best thing you can do for your kids’ future, in short, is actually nothing.

Before you say hogwash, let me explain in more detail what the study found. Imagination is often cited as one of the most important traits for success in life, yet the modern world is robbing young people of something that throughout history happened quite naturally. Boredom, it turns out, is the most important requirement for young people to develop their imagination.

When children are stimulated constantly, they never have a need to creatively think about how to entertain themselves.

Every second that is spoon fed to them, whether by television, teachers and tutors, or tablets and mobile phones, is a loss of a chance for the child to exercise his or her imagination muscles. Of course, there needs to be balance; nobody is recommending locking kids in a closet for their entire childhood or taking away their education.

The problem with the ultra-competitive modern world is that fear of falling behind has led the “more is better” philosophy to wreak havoc on balance. Kids are being pushed harder and faster than ever, and those lazy summer days of no responsibility that I remember from my youth seem nonexistent to most children these days.

Those boring times are precisely when kids’ imaginations flourish, and nobody seems to realize this is the cheapest investment in your child’s future that you can make.

Piano classes, soccer teams, extra English lessons and all of that is fine, but I think it is important to never forget that kids, after all, are just kids. They will never get another chance to go back, and if pushing them into adulthood is shown to have the likely effect of making them less prepared for success in the real world when they grow up because of a decreased imagination, why not schedule some time without the high-tech toys and outside stimulation?

Schedule in some weekly “imagination building” hours. Don’t just take away the gadgets, but make them go outside and play. Let them complain that there is nothing to do outside, and let them be bored. They will figure out a way to deal with it, and in the process they will build their imaginations.

When I go up to Isarn every high season (in fact I am writing this from there now), my kids spend countless hours getting filthy, playing with sticks and rocks and dirt.

Many of my friends ask me if I am worried about them missing lessons during this time, but when they get back to classes they always catch right back up with all their classmates.

In the end there is no perfect formula for raising children, and a common response to this is to throw as much money as possible into their education and extracurricular activities.

In my opinion, spending time with them is far more important and it costs nothing. Making them overcome boredom also costs nothing.

Balance is the key and forcing your children to develop their imaginations could very well someday be the thing that leads to real problem-solving ability and sets them apart in what is bound to become an increasingly competitive world.

David Mayes MBA resides in Phuket and provides wealth management services to expatriates around the globe, focusing mainly on UK pension transfers. He can be reached at david.m@faramond.com or by calling 085-335 8573. Faramond UK is regulated by the FCA and provides advice on pensions and taxation.

— David Mayes

 

Get more from The Thaiger

📱 Download our app on Android or iOS
👋 Have your say on our Thailand forums
🔔 Subscribe to our daily email newsletter
📺 Subscribe / Join YouTube for daily shows
👍 Like/Follow us on Facebook
🐦 FOLLOW us on Twitter
📷 FOLLOW us on Instagram

image

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Follow Thaiger by email:

Indonesia46 mins ago

Man with Covid-19 disguised as his wife to board flight

Hua Hin2 hours ago

Kitchen raiding elephant breaks same wall in house for more food

Thailand3 hours ago

1st Taekwondo Olympic gold as Panipak wins for Thailand

Welcome back to Thailand!

Thaiger is getting behind local businesses for the restart of tourism in Thailand - up to 50% discounts across all advertising packages!

Coronavirus (Covid-19)4 hours ago

AstraZeneca Thailand writes open letter to people of Thailand

Koh Samui8 hours ago

Surat Thani announces new Covid-19 measures for Samui Plus

Thailand11 hours ago

His Majesty the King donates 2.8 billion baht in Covid-19 aid

image
Join the conversation on the Thaiger Talk forums today!
Coronavirus (Covid-19)12 hours ago

Covid UPDATE Provinces: 14,260 new infections, 119 deaths

Coronavirus (Covid-19)12 hours ago

Vaccination registration open for foreign residents over 60 in Bangkok

Coronavirus (Covid-19)14 hours ago

Autopsy results for woman who died after mixing vaccines

Coronavirus (Covid-19)19 hours ago

Covid UPDATE Saturday: 14,260 new infections, news briefs

Thailand23 hours ago

Department head predicts Covid-19 could last up to another year

World1 day ago

Swedish prison hostage situation resolved with pizza

Thailand1 day ago

Minister: Foreigners, migrant workers are cared for amid Covid-19

Coronavirus (Covid-19)1 day ago

“Withhold Intubation” for certain older Thammasat Hospital patients

Coronavirus (Covid-19)1 day ago

Bang Sue vaccination centre open for expats 60+, under must wait

Thailand5 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism5 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket5 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism5 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand5 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism5 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand6 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand6 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand6 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand6 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand6 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand6 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand6 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand6 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Thailand7 months ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8

Trending