As an insurance broker and financial planner, I work with families a lot and I always encourage them to teach their kids about money.

The reason being, if they get this big life insurance policy, pass it down to their kids, and the kids blow it we’re back to square one.

Any chance of generational wealth being built is shot if we don’t educate our kids on how to use the money/assets we are leaving to them.

Include your kids on your business moves! Show them what you do as an entrepreneur and support their ideas by helping them start a biz too.

ALSO

Add your kids on to your best credit card with the best payment history.

By age 12 most credit card companies will allow you to add them as an additional card holder.

Give them the credit excellence you never had by starting early.