of compounding, the importance of research in stock selection, and an education about the financial markets. By the way, my father was pleasantly surprised by the dent I put in his wallet by the end of that year. If our children took a similar approach to saving and investing today, they’d not only build a considerable nest egg over time but enter the formative stages of creating multigenerational wealth.
If we truly do our jobs as parents, we can place our children on the road to prosperity. Teaching them these new facts of life will give us all comfort that we have protected our most valuable asset: our children’s future.