Do you love your children?

Would you do anything to ensure their life-long well-being?

Of course, you say!

Then, why aren’t you instructing them in how to get RICH?

The plain fact is, the overwhelming majority of parents have a “que sera sera” approach to the crucial business of training their children in GUARANTEED wealth building. This is a HUGE error. Instructing your children in how to get rich has at least as much or an even greater pay-off than any immunization, sports mastery, or school degree. Yet you’re currently not doing anything about it!

That needs to change at once.

1) Start as early as age 5.

Becoming a GUARANTEED millionaire is as much a function of time as anything else. Thus, the earlier you get started instilling good wealth- building habits, the better. Five is an excellent place to start! Kids already older than five? Don’t give up on that account! Just because you can’t start at the ideal time doesn’t mean you shouldn’t start at all.

2) Make wealth-building a game.

Growing a fortune means developing good habits. But just because they’re good doesn’t mean they have to be dull or onerous. Set aside time each week for the “Let’s make Bobby rich” game. Make getting rich light, fun, and a great opportunity to get to know your child better.

3) Explain the mission

Even 5 year olds understand that living well has lots of advantages. More of this, more of that. Your job is to show them how good financial habits deliver the goodies — for life.

4) Open the pot with a couple of bucks

To start your child’s financial education and the good wealth-building habits of a lifetime, start off by putting just $5 in the pot. Make it clear that this number will be steadily augmented as the child helps around the house: 10 cents for making the bed… an extra quarter for walking the dog. It’s essential that the child’s desire for “more” be whetted as soon as possible and that you incentivize as much as possible.

Never just give an allowance. Earning is necessary in the real world… and the sooner your children understand this, the better!

5) Put the money in the bank

As soon as possible, open a bank account in your child’s name. Call the bank to ascertain the minimum for this all-important first account. Then go to the bank.

Make this trip an event. Dress up. Explain you’re talking your darling to a VERY important place. Make sure to say these people are helpful and want to be your friend and help you achieve a better life.

Note: call ahead to see who will be available to see you. Explain what you’re doing. Bankers are human, too (really!) and can get into the spirit of this enterprise. After all, you’re bringing future customers!

More: if you have several children, make sure to bring the others with you. These visits are good for refining manners and getting live account updates.

6) Switch from bank savings accounts to no-load mutual funds as soon as you have the minimum in your account.

No load mutual funds (with automatic dividend and income reinvestment) are a better way to grow capital than mere savings accounts. Before switching, talk to your banker about what he may have available. ALWAYS take your children with you when these discussions occur. The more familiar they are with what’s happening with their money, the better.

7) Don’t stop your meetings and don’t touch the capital!

We have a useful expression here in frugal New England: “Start as you mean to go on.” What that means is, make time for this all-important financial education. Don’t stop because you miss a week, or even a month. That’s what they say in diet classes… and the same is true here. Remember, what you’re doing is essential for your child’s well-being.

One More Thing

In so far as humanly possible, DON’T touch your child’s capital, even for college. A college education is NOT the objective. Being rich is. That means regarding your capital as sacred.

Follow these steps, and you’ll have the satisfaction of seeing your child rich, a bona fide millionaire. Guaranteed! Uncork the champagne. You’ve earned it. Your children are lucky to have such excellent parents!

Author Bio: Harvard-educated Dr. Jeffrey Lant is CEO of Worldprofit, Inc., http://www.worldprofit.com where small and home-based businesses learn how to profit online. Attend Dr. Lant’s live webcast TODAY and receive 50,000 free guaranteed visitors to the website of your choice! For details on Dr. Lant’s 18 best

Category: Business Management
Keywords: traffic,money,promotion,children,millionaire