How to Set Your Kids Up for Financial Success

 

“If you give a hungry man a fish, you feed him for a day, but if you teach him how to fish, you feed him for a lifetime.“ – Lao Tzu

When I think about what is required for financial success and how I can teach that to my kids, my head starts swimming. There really isn’t very much in my control when they leave home; however, I can do a few things early that will ensure my children have the right foundation.

Why?

Because three-fourths of Americans are living paycheck to paycheck. Student loan debt is at crisis levels. Credit card debt is a staple in nearly every home.

Advertisers are going to invest as much time and resources as possible to convince my kids that they need to buy their stuff. I need to spend as much time and resources as possible to ensure they know how . . . → Read More: How to Set Your Kids Up for Financial Success

Kids and Money: Teach Them to Be Wise

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Do you currently have kids of your own? Or, do you plan on having kids in the future? If you want them to make wise financial decisions when they’re older, I suggest that you continue reading.

What do you picture when you think of children today? For me, I think of video games, lack of exercise, and obesity…. I do not think of financial wisdom. But, just like anything else, kids must be taught the value of making wise financial decisions! And, who better to teach them than their parents! 🙂

My Story

When I was a boy, my dad had two jobs. His main job started at 5:30am and lasted until 3:30pm – he worked this job from Monday-Friday. For 26 years of his life, he also worked in the evenings (and Saturday) at his own car dealership. There wasn’t always a lot of time to play catch . . . → Read More: Kids and Money: Teach Them to Be Wise