2007-10-30 18:07:02 · 4 answers · asked by Ancient Warrior DogueDe Bordeaux 5 in Business & Finance ➔ Personal Finance
The first and foremost thing you can do for your children is teach them the value of a dollar. You can financially secure them but that doesn't give them a better life. Money isn't the answer. Education and teaching them that they make of their life what they want out of life. But if you really want to help them out, buy land. It doesn't go down in value and it is always there. Unless the world blows up. If it's farm land it can also be rented out to farmers that grow our cotton that clothes us or grows food to feed us. Land that's the most secure investment that anyone can ever have. Once they get out of college no matter where they desire to live they'll always have a place to build a cabin for a weekend retreat or a place to retire to. They'll always have somewhere to go to come good times or bad.
2007-11-01 18:29:19 · answer #1 · answered by Mouth of the South 3 · 0⤊ 0⤋
Instill a love of knowledge and explore the interesting aspects of the power, freedom and choices associated with financial acumen. Of course this will require you to take the journey as well.
2007-10-31 01:14:24 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Teach them young how important it is to save. Make sure they get a good education, and make sure they have plenty of time to explore their world.
2007-10-31 01:27:28 · answer #3 · answered by Judy 7 · 1⤊ 1⤋
Get an education, and always continue to improve it.
2007-10-31 01:10:45 · answer #4 · answered by jeff410 7 · 0⤊ 0⤋