Teach your kids the truth about money
Now that you’re finally seeing the truth about how money really works, you’re probably wanting to teach the knowledge to others. As you do, you begin to notice that only a small handful of people you know, if any, are able to receive and appreciate the knowledge you have to share about money. Most others seem to ignore your advice completely. This is nothing new. Even though it’s been around for over 200 years, infinite banking is still a very new concept to many people. From a young age they were taught the opposite of this concept. They were taught to give money away and the only way to get ahead is to save every penny they can and not touch their money until some distant time way off in the future. Sound familiar?
But, that’s just it.
They were taught the wrong way from a young age. Well, what if they were taught the truth from a young age? How would that have changed their lives?
We may not be able to go back in time, but if hindsight can teach us anything it’s how to do things differently from here on out. So, don’t fall into old patterns of believing that talking about money is a social faux pas, like politics or religion. It’s not something to be hidden away. It’s meant to be shared. Not sharing this valuable information is what got us to where we are now and it’s what presents such a challenging obstacle we now have to overcome.
Get comfortable with sharing, especially with your kids.
Be an oversharer. Let them be a witness to everything you’re doing in your financial life. Be their mentor, their teacher. Take it upon yourself to go the extra mile and explain what you’re doing and why.
Everyone wants to see their children succeed. And we are all familiar with the financial legacy we will leave behind when we’re gone. But what about the legacy found in knowledge? What knowledge will we leave them about how to use their money more wisely? What about the truths that no one but you will be able to teach them about how money really works? That is the most important part of the “legacy” we talk about.
Education is nothing without application.
If they see you in action, they will adopt that same lifestyle. Except, they will have many more years ahead of them to allow their money to compound and grow. And they will not have a mindset based on lack and false information.
Treat every financial opportunity and challenge you face – paying off debt, buying a car, investing in real estate, taking a vacation – as a new lesson for them to learn and solidify a better understanding of money. Eventually it will become second nature to them and they will be looking back at that time with you with appreciation and gratitude for what you were willing and able to teach them.
They are never too young to learn a valuable lesson. Meet them where they’re at and grow as you go. You won’t know everything along the way, but neither will they and you’ll be able to provide a valuable lesson in choosing the right resource to trust to get through it.
It’s simple. Just share what you would’ve liked to know when you were a child. Give them that gift. It will never stop giving.
When you’re ready to get started on creating your financial legacy or if you have more questions, most questions can be answered by watching this video. Start there and then schedule a consult with my team when you’re ready to begin.