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by Curtis Carper

Surest way to make your kids rich is to be rich yourself and leave it to them in a trust fund. Not a millionaire you say, then put $1,000 in a conservative investment, set it up as a trust fund, then add a small amount on a regular basis. If they can't touch it like magic they will be rich. Now staying rich, that may take a little more work. They need to be taught the basics of good money management while they are still young. Saving at least 10% of their income, regardless of how small it is. Using a checking account and debit card is a must in todays world. Credit, though useful is something to avoid as much as possible. The biggest problem in our economy today is easy access to credit. If credit was harder to get more people would be forced to live within their means, and the me, me I want mentality of today would rapidly go away. There is a big difference between what you want and what you need. Its time to go back to what you need.

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Teach your kids how to avoid the debt trap and build real wealth

by Curtis Carper

Teach your kids how to avoid the debt trap and build real wealth

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