But you want to influence how they view money.

Must you sit them down at the kitchen table with their homework and drill it into them like their multiplication tables. If you can not leave a monetary legacy, either a large sum of cash or property, then providing your children or grandchildren with the financial wisdom to handle money is the next best legacy. In truth it is probably the best legacy you could leave them. One of the greatest reasons to erase debt is for your family.

Because without the financial wisdom to properly handle money and debt they will be left to their own devices and like 90% of the population out there will just get themselves into credit card debt and financial trouble. Well, that is one way to do it. And leaving some sort of financial legacy, whether it is good financial knowledge or an actual portfolio, can imprint an everlasting legacy on your family. You not only want to help make life better for them.

So how do you leave them with this knowledge.