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

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 . . . → Read More: Kids and Money: Teach Them to Be Wise