I have been reading a book by Charlie Munger, better known as Buffet's partner and thoroughly enjoy his witty quips. One of the topics he touched on was how everyone before graduation, should take a compulsory module on the realities of life. I so agree...
To get a good spouse, the best way is to be one yourself since a good spouse by definition, is not stupid ~ Charlie Munger
Spend less than you make; always be saving something. Put it into a tax-deferred account. Over time, it will begin to amount to something. This is such a no-brainer. ~ Charlie Munger
Problem is that there are a number of lessons in life that are a bit too adult unless they reach a certain age. Also making the assumption by late teens, they dun want us us to nag and bother them anymore, the kiasu parent should start categorising key worldly lessons to impart.
Let me start the ball rolling:
-Everyone is born the same but our habits make us different. Therefore must have good habits (taken straight from SanZiJing)
Important non-academic lessons: What to teach and when
Parental influence on children in the first 12 years of their lives have a permanent effect. Unfortunately, children come with no user manual. Each child is different from the other. Discuss how to handle emotional and educational needs of your child here.