Back to school time! You get the new backpacks, pencils, erasers and a new wardrobe set for your little ones and while you’re sad to see them go back, you’re also relieved to have a little bit of your life back to normal.
One of the things I’ve noticed lately is that not a lot of people set their kids up as well for their financial future as they do for their educational future. But the two are one and the same, aren’t they? Since the kids aren’t being taught (in most schools) about finances, shouldn’t we do something to help them on that journey? Let’s face it, we didn’t get much of a financial education either; if you’re a 35 – 65 year old, you were likely taught to pay off your debts as soon as possible right?
In my book entitled “Head Start” I teach young parents how to properly set their kids up for financial success and even leave them with generational wealth using a bonus strategy. Coming out very soon.
The most alarming thing we don’t have for our kids? If you’re thinking the RESP, it’s not. It’s Critical Illness insurance to protect our kids if they become seriously ill and we need to be off work to be with them along with pay for up to 75k+ in alternative therapies. As a parents here is the most disturbing blub from my book”:
“I’ve seen Go Fund Me fundraisers set up for children under the age of 3 in my local newspapers and the parents are begging for anyone to donate to help save their child. These are well off families who just didn’t plan for this kind of thing to happen.”
We may not be able to force our children to get straight A’s in school much like we cannot prevent things like cancer in our beloved children, but what we can do is set them up to succeed.
So, when you’re out buying those pencils and new wardrobe, think about how much you’d do to protect your children and reach out if I can answer any questions you may have.
Enjoy the school year, it goes quickly!