How to Responsibly Leave Money to Your Children Knowing whether or not to leave money to your children isn’t as simple as it may seem. According to a recent study conducted by The Motley Fool that surveyed 2,000 high-net-worth individuals, 67 percent of...
As a financial advisor, I often get asked the question of whether or not someone should help their child buy their first home. While you might answer that question with a resounding “yes,” the best path forward is not quite so straightforward. There is some much...
You’ve worked hard to gain financial independence. You have beaten the odds and created real wealth, even though it might not have been handed to you. You have forged a path to build generational wealth. Now, you want to make sure that your wealth is stewarded well,...
Empowering your children to achieve financial well-being, including the fundamentals of responsible money management and eventually wealth building, is an educational process that should start at an early age. But even if your children are already teenagers or perhaps...
By the time they finish high school, many kids still lack a basic understanding of general financial concepts including knowledge of how and why to save money, how a checking account works, what credit is and why it is important, and a basic understanding of stocks...
You’ve worked hard to build your wealth. Now, it’s time to decide how it will affect the next generation. As your children become adults, you have some big decisions to make about how that wealth gets passed on to them, and how they handle it. Some parents find it...