So we talk a lot at REIC about what to do for your retirement and the broken financial paradigm. A lot of people we come in contact with are already grown-ups! They have families, kids, grandkids and a few are getting ready to retire. We commend you for taking the steps to become financially liberated and for working hard with us to make a better life for your family and to put you in a position to help your community. But, when the day comes when your kids grow up, what did you teach them about money? Will they be as smart as you are now, with real estate portfolios and smart investments? What did they learn from your experience with REIC?

In the Education section of The Seattle Times, Jolayne Houtz wrote an article, “Teaching your kids about money.” Now, we don’t have a real estate for kids at REIC just yet, so the financial coaching for your children is up to you.  Houtz wrote, “there’s never been a more important time for children to learn about managing money. If Americans’ crushing debt loads and rising bankruptcy rates among young adults aren’t convincing, consider this: Many college administrators believe credit-card debt leads more to dropouts than academic failure.” YIKES! All that money you are putting into your kids’ college tuitions…think about it? Financial literacy isn’t something they teach in schools. She goes on to say that “parents are mostly on their own to tackle a subject that many find at least as hard to talk about as sex or drugs. Because that discussion isn’t just about dollars and cents. It’s about teaching kids values and personal responsibility.”

So, even though we don’t have a Real Estate Made For Kids program yet, we do have excellent coaching programs that train our clients in developing the right mindsets for investing and for life. Hopefully, what you learn with us, you can pass along to your younger generation.