Are We Setting Our Kids Up for a Successful Launch?
As parents, we want the best for our children. We want them to have fulfilling lives and to achieve their dreams. But are the financial messages they're receiving—both from us and the world—truly preparing them for success? Our kids are bombarded with commercials and social media feeds that equate worth with what you own. They see a culture that prioritizes instant gratification, from expensive cars to luxury vacations. We might have built our lives and wealth over many years of hard work, but are we inadvertently teaching them that they should have it all right away ? The Homeownership Trap A common piece of advice many of us have heard is, “renting is just throwing your money away.” While the desire to own a home is a wonderful goal, encouraging a child to buy before their finances are in order can be a recipe for disaster. Owning a home isn’t just about the mortgage payment. It's about property taxes, insurance, and unexpected repairs—costs that fall to someone else when you...