How Do Good Parents Talk About Money With Teens?

For as long as I can remember, my parents have been crying about how poor we are. In order to put food on the table, I dare not apply for a prestigious university even though I'm more than capable of doing so. Instead, I work several jobs per day just to pay the bills, hoping to lighten the financial burden on my parents' shoulders. What I didn't expect is that my parents actually bought my younger brother, Randall Carter, a 500,000-dollar Ferrari behind my back! It turns out that my so-called impoverished parents are actually millionaires! The reason why they keep in the dark about their wealth is so that I don't fight with Randall over the family wealth! But they've completely forgotten that if it wasn't for me, Randall would've drained their accounts dry a long time ago!

After my wife, Shannon Stewart, suggests that we each support our own parents, I set up a million-dollar retirement fund for my dad. However, when I review this month's household expenses, I notice that every single payment is made for the father of Sean Gardner, her childhood friend. "Sean's family is struggling. Why wouldn't I help them out? It's not like it's a lot of money." Shannon brushes it off. There are 13 separate expenses of around 100 dollars each in a single month. Yet when my dad needs 300 for medical bills, she prints out the receipt and tells me to reimburse the household account. Tired of arguing, I toss the statement aside and head inside. Then my dad's condition suddenly worsens, and he's hospitalized again. I rush to the bank to withdraw money from the retirement fund. "Your father isn't the beneficiary of this fund," the bank employee states coldly. "Are you sure you have the right account?" My mind goes blank. How is that possible? Every cent in that account is my hard-earned cash. The employee impatiently turns the computer monitor toward me. The account name on the screen clearly reads, "James Gardner's Retirement Fund." James is Sean's dad.

My mom has been brainwashing me with her "quid pro quo" rule. Apparently, I must work hard in earning money just to get whatever I want. A round of doing the dishes earns me 50 cents. Mopping the floor once grants me one dollar. If I get a full score in my exams, that'll be five dollars. In order to buy a pair of white sneakers that I had had my eye on for a long time, I spent three months picking up trash from the streets. I lived like a maid who was paid on one-time services in this home. When I was a high school senior, I fainted during my homeroom period due to long periods of malnutrition. Even though my doctor suggested to my mom to pay attention to my nutrient intake, she began calculating the costs in front of my sick bed instead. "Your hospitalization costs 300 dollars. On top of that, you have a 200-dollar medical bill to settle. All of these costs will be reflected on your wedding gifts in the future, Emily." But when I turned my head, I saw a student sitting on the bed being fed chicken noodle soup by her own mother. Said mother was so heartbroken by her daughter's illness that she kept shedding tears as well. At that moment, my outlook on the world, that I had been maintaining for 18 long years, finally crumbled into dust. It turned out that not all children needed to work hard just to feel their parents' love. After getting discharged from the hospital and returning home, I finally sobered up the moment I noticed the sneakers that my younger brother, Arnold Baird, wore that cost several thousands of dollars. Then, I tore the family portrait into pieces and didn't hesitate to fill in the university that was located the furthest from home when it was time for me to submit my post-graduation details. Ten years later, my mom calls me on the phone. She starts crying to me how Arnold has swindled her out of her pension. Apparently, he's even sold the house just so he can elope with his girlfriend. Not only is my mom alone now, but she doesn't have a place to stay as well. I just smile as I throw her a piece of rag. "You want to live with me, huh? No problem. You'll earn 50 cents for every window you wipe. You can earn your rent like this."

I was from a rich family. But after I finally returned home, my parents made me sleep in the store room and eat leftover food. Yet, they still felt like they had wronged their foster daughter. When the government introduced the Children’s Fairness System, my parents immediately bound the entire family to it. My father breathed a sigh of relief and said, “With this perfectly fair system in place, Annie won’t be treated unfairly anymore.” My mother gently held my hand and said in an unyielding tone. “Ever since you came back, you’ve taken everything that was meant for Annie. This is unfair to her.” My elder brother never showed a hint of kindness toward me either. “I only acknowledge Annie as my sister. You’ve gotten way more than you deserved already, so don’t push your luck,” he said. I looked down at the cheap clothes I had worn for five years. Then, I glanced at Annie’s lavish bedroom and countless luxury items. I found it all utterly ridiculous. However, when the system took effect, they all ended up breaking down.

My mom is an HR professional. She uses KPI to determine my entire life. "If you get into the top ten of your grade, you'll receive a B grade as well as a bonus of 500 dollars. If you can achieve a ranking at a state-level competition, you'll receive an A grade as well as a bonus of 1,000 dollars. Of course, if you can get into a top-tier university after scoring well in your SATs, I'll give you an S+ grade as well as a year-end bonus of ten thousand dollars!" I work my ass off in my studies and manage to earn the offer letter to a top-tier university. But that's when my mom puts a contract in front of me. "Congratulations on getting hired. From today onward, your allowances will be determined by the total of your base salary, KPI, as well as your full attendance award. "Your base salary is 500 dollars. It's to make sure that you won't starve to death, at the very least. In order to help you adapt to workplace stress in advance, I'll check on your progress randomly. If you don't meet my requirements, I'll deduct your salary." When I'm down with a fever of 104 degrees Fahrenheit, my mom deducts my full attendance award, claiming that my physical attributes aren't up to par. In order to catch up on my studies, I've completely forgotten to submit my weekly report to my mom. Because of that, she suspends my allowances. So, I have to sell my blood to a hospital behind her back just so I can survive. At the end of the school term, I show my mom my grades as well as the certificate to my scholarship, thinking that I'll be eligible for the highest KPI and the bonus. But that's when my mom tells me coldly, "The company has decided to give your S+ bonus to your younger brother as a form of investment. After all, he has more potential to achieve better results compared to you." As I gaze down at the 200-dollar consolation prize, I can't help but laugh. It turns out that I'm not even worthy of being recognized as a good employee in my mom's company.

After my SATs are over, I go to the office block with my poverty certificate to apply for a school loan. The staff member glances at my paperwork before turning my application down coldly. "To think that you're already swindling loans from the government at such a young age! High-income families like yours aren't lacking in the money department at all!" At first, I think this is just a misunderstanding. That is, until the staff member passes me the information on my parents. "Your parents have a villa worth 20 million dollars in the city center, whereas your younger brother goes to an elite academy that costs 800 thousand dollars' worth of tuition fees per year! "Tell me, how can someone from your family be eligible to apply for a school loan?" I'm stunned, to say the least. The entire village has raised me since young. For the past 18 years, I've been the only child of an extremely impoverished family. Little do I know that my parents have already formed another family of their own in the city…