Today, many families are concerned about the potentially adverse effect of wealth on the financial values of their younger generations. The goals that many affluent parents and grandparents have set for their children or grandchildren reflect core values, an honest work ethic, and a desire to “give something back” to the greater community. The skills and knowledge needed to help children adhere to these values should be developed early in life and into adulthood. The following strategies can assist older family members in becoming positive financial role models. 1. Start early According to recent research, parents can start talking to […]

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