by Susantha Nanayakkara

Created on: October 17, 2009   Last Updated: October 18, 2009

Children need financial support from parents. But the argument is whether it is now or later. Advantages of money differ from person to person. Carvings in Babylonian clay tablets on financial support to children show the best examples. A book "The richest man in Babylon" written by George S Clason wrote on true stories based on Babylonian clay tablets which were excavated by archaeologist carries a lot of advices on children inheritances.

According to Clason's book , a rich man in Babylon gave a big amount of Gold coins to his son with an important advices written on clay tablet. Some time later, after leaving his parents, he lost all his money, but not the clay tablet. He followed all advices in the clay tablet. Long time later, he visit his parents not only with the same amount of gold coins gifted by his parents but also with a equal amount of additional money and two servants whom he bought (Slaves).

What do you think which was in Clay tablets. It teaches how gold would be protected and grew with a talented financial behavior of any person. No mater how much money you give to your children, they take advantage of it totally depend on child's financial behavior. In the same true stories coming from ancient Babylon a very rich old man gift his inheritance to his non-relative instead of his children.

Later he proves his decision was correct and that his non-relative, Arkad who trained for years on simple money management techniques became the richest man in Babylon. It all shows children should be financially supported but it should happen like a 'baton' change in a relay run in athletics. Child should be ready and run in an equal speed as parents but without money to take money from parents at the correct time.

According to the book "Rich dad poor dad" which was written by Robert Kiyosaki, says how his 'rich dad' trained his son on money management till he become very old before hand over his money in inheritance. Rich dad knew transferring of money to child is disastrous without adequate behavior training on financial management.

Therefore, the inheritance should be preceded with golden rules as it was in ancient Babylonian Clay tablet.

First rule is 'Gold' (money) will come gladly and compound with a person who save 1/10 of his earnings.

Second rule is 'Gold' serve diligently and contentedly for a wise owner who profitably employs them. Then, it multiplies even as the flocks of the field.

Third rule is 'Gold' cling to the protection of the courteous owner who invest it under the advice of men wise in its handling.

Fourth rule is 'Gold' slip away from the man who invest it in business or purpose with which he is not familiar or which are not approved by those skilled in its keep.

The final rule is 'Gold' flees the man who would focus it impossible earnings or who follow the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.

Many young children inculcate all those negative attitudes of money loosing ways. Therefore, I am of the opinion that money should not be given to a young those who may go against the rules of money protection and growth of it.

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