Kiplinger

3 Ways to Instill Enduring Financial Values in Your Children

Passing down values related to family wealth is one of the most crucial, yet challenging, tasks for parents today. Children's experiences with money during their formative years can shape how they save, spend and give for the rest of their lives.

What's more, taking the right approach can ensure a family's wealth is preserved through future generations. One recent found that 70% of wealthy families lose control of their assets by the second generation, and 90% by the third. That's a frightening

You're reading a preview, sign up to read more.

More from Kiplinger

Kiplinger3 min read
The Path to Making a Charitable Impact
You've achieved great professional success. You've been fortunate to ensure your family is taken care of financially. Now, you're ready to give back to your community or support worthwhile organizations that further causes you believe in. Perhaps yo
Kiplinger11 min read
14 Bankruptcy Filings Chalked Up to COVID-19
The COVID-19 coronavirus outbreak has sent global markets into bear territory and economies into recession. And as the pandemic stretches on, it's inducing a growing number of bankruptcy filings. Though, in most cases, COVID-19 has simply acted as th
Kiplinger8 min readPolitics
Can You Just Walk Away from a Debt-Riddled Business and Start Fresh?
In the wake of the coronavirus shutdown, many business owners are under immense financial stress caused by the economic impact of a nearly worldwide standstill. Some may be in or at risk of breach or default. Creditors may be jockeying for payment an