More and more families live beyond their means. Many parents neglect to teach their children principles of financial prosperity.
This lack of financial literacy is reflected in our elected leaders who recklessly borrow from China and have created a national debt that is 101% of our Gross Domestic Product.
An important part of preparing the patriots and leaders of the future is to help them become self sufficient, even prosperous. Fewer people will vote for government controls and handouts when they are financially prepared to support themselves.
In his article, The Art of Raising a Money Superstar, Dave Ramsey suggests that we as parents need to embrace the process of educating our children about money.
Important attitudes, skills and habits can take years to establish, but the rewards are worth it. According to Ramsey, our child can become a "responsible adult, who knows how to manage his money, how to live on what he makes, isn't afraid to work, and has a generous spirit."
Read More: The Art of Raising a Money Superstar