The Reformed Advisor

Tag: decisions

Will Your 35 Year Old Kids Be Living in Your Basement?

Posted on April 29, 2014 in Family by

As a 5-year old child I can vividly remember asking my parents if we had enough money to pay bills, and get food. Not because we ever lacked the ability to pay our bills or buy food, but because things were tight and I had enough sense to be concerned about our financial matters. Now, people who know me best often joke that I still have the first nickel I ever earned saved somewhere for a rainy day.

One thing is for certain; I don’t want my kids to grow up without the ability to be savers and givers, and the responsibility of teaching kids proper stewardship falls squarely in the lap of parents. This is a responsibility that, sadly, many parents neglect and conclude their kids eventually will learn.

Don’t be so sure. I taught money management to high school juniors and seniors for a time, and I was amazed at what they didn’t know. They didn’t know how to balance a check book. They didn’t know how to write a check. They didn’t know you have to pay back the money you put on a credit card! And these are students preparing for college.

Dave Ramsey is a financial guru with years of experience. More importantly he knows what it is like to be wealthy, lose it all in bankruptcy, then claw his way back to the top stronger than ever. Now Dave Ramsey is a debt-free multi-millionaire that spends his time teaching others the principles needed to have “Financial Peace.”

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