by Wayne Leon Learmond

Created on: December 25, 2011   Last Updated: December 28, 2011

Money attracts money. The more money you have then the more you will attract. It is with this in mind that children must be taught to think about money with respect.. They must be able to save what they earn - and  to be taught to spend their money on what they need - instead of what they want. Only then will they see their savings grow..  

Getting your child to save at the earliest opportunity  will give them a respect for money that should last them a lifetime.  It is all about teaching your child not to spend money needlessly. Parents must take the responsibility, and also lay the foundations down within their children - that will see them in good stead.. 

Being taught to save money at an early age will, in turn, produce real savings for the long-term future The jar or the piggy bank is the beginning of their early stages of saving their money. This then leads to opening up a bank account for your young saver and this too will see their money eventually mount up. Children must be taught, at the earliest opportunity, how to become ‘money smart’.

This means that rather than wasting their money on things that they really do not need, they could invest their money in order to bring in more finances. Teach your child how to attract and accumulate wealth towards themselves - instead of showing them how to waste money.

Watching their money mount up are only their first steps into the world of savings. Once they learn how to save, and gain a respect for money that should last them a lifetime,  then they will never be short of money.  Teach them how money, when used in the correct way, can attract more money. Teach your child that speculating [investment]  can lead to accumlating for their long-term financial future.

Teach them how to turn one dollar into four, four into eight and so on. Teach them how they could make a profit on what  they save - and indeed what they spend, on items that could make them more money in the future [investing].

It is all about laying the right foundations for them to understand money, and how money could work for them.. Teach your child that in order to save their money, and attract more money toward themselves, they must spend with joy, not fear. This sounds like a contradiction.  However, it has been found that the more people give their money with joy, to things that will enhance their lives for the better, the

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