The Value Of Teaching How To Build Wealth To Your Children
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Transcript of The Value Of Teaching How To Build Wealth To Your Children
The Value of Teaching
How To Build Wealth To
Your Children
by: Dan CavalliBusiness and Money Strategist
Financial training begins
in childhood. Even the
Bible is in agreement with
this concept as it talks
about training a child in
the way he should go so
that he will not depart from this teaching.
If you talk about building
personal wealth to your
child early on in his life, he
will later thank you for that
because he is sure to
remember your words
when he grows up.
Steps in Building Wealth
The key to imparting
knowledge about wealth
building strategies is to
start at a very young age.
Even at age 4 or 5 when
the child becomes more
aware about the concept of money, buying
and selling, you can teach them how to save
through a piggy bank and tell them the rewards
of having these savings.
You can also teach
them the consequences
on not being able to
save so that they will be
able to picture this in
their minds.
The significance of this
teaching will certainly show
in the way they treat the
money they get. They
would know how to build
wealth by learning how to
spend wisely and set aside money through a
savings plan.
Lazy Guide to Saving Money
Most kids that grew up with this concept do not
have a hard time keeping a steady bank account.
It is embedded in their system already and is part
of their regular routine.
Easy Ways to Save Money Fast
Children whose parents teach them
the right wealth building system
through hard work and
industriousness also have a grasp
of dedication to a certain vocation
or business. You can begin by
merely setting up a lemonade booth
every summer.
www.startingabusinessnow.com
As a parent, you can also
involve your kids if you
have a business. Try
giving them some easy
work and set standards
for them to achieve. This
is one wealth buildingprogram that would train them the value of hard work
and industry. Reward them and ask them to save a
portion of their rewards in their piggy bank.
If they grow up in this
cycle, they will have more
self-control to save some
of their income and do well
at their jobs. Both of these
values will give them the
right mindset in building
personal wealth.
Wealth Building Strategies
– 4 Paths to Long Term Success
Teaching these
concepts will also make
them understand why
you are working so hard
or why you have to
spend so much time in
your business. This concept teaching will also enable
them to become entrepreneurial and not co-
dependent on what others can give them.
FREE ABC's of Success at:
http://www.commandobusiness.com
It is easier to establish a wealth building system in
a family that is willing to cooperate with you. That
is why teaching your children how to build your
wealth is a very crucial step not only in their lives
but in the life of your entire family as well.
It is very important to make them
understand the value of money,
hard work and being
conscientious with your savings
so that when they grow up, they
will also implement these wealth
building strategies in their
personal life and their families.
One day, they too will teach their own children how
to build wealth with the concepts that you have
taught them.
You can use all these strategies to
build wealth and improve your life but
it means nothing unless you can build
and sustain it for the long term. Get
my FREE business and wealth
building secrets at:
www.the-richest-man-in-babylon.com
Get your FREE chapters here:
www.blueprintformakingmillions.com
DAN CAVALLI’s noted by
the “Financial Review” as
one of Australia’s
“Internet’s Untold
Millionaires”. He is also
the author of the
internationally sold
financial book, "Blueprint
for Making Millions."
About The Author