HOW TO FINANCIALLY PREPARE YOUR CHILDREN FOR THE WORLD
It looks like a normal phenomenon that the children of the rich don’t usually turn out rich like their parents; most of them end up unable to manage wealth. However, this situation is not limited to the rich alone; we have some middle-class and even poor people whose children can’t manage wealth. There is common denominator: they are not financially prepared for the future. It is very vital to financially prepare the children for the future, in order to give them financial freedom, especially away from the parents. There are several ways in which we can financially prepare our children for the future. And we will be checking them out subsequently. I must also state here that you don’t have to be rich to be able to financially prepare your children for the future. We are going to be looking at a few strategies to adopt in preparing the children financially for the future. They are as follows: Adopt PS - Preventive Spending: