“It is Likely your Grandkids will be Poor, Unless…”
Author, Chris Kulpinski of Scottsdale, AZ is a retired businessman with a passion for educating and improving the financial lives of his grandchildren.
Can Your Grandkids Afford to live into the Next Century?
Your Grandkids will live into the next century. Advances in medicine, including but not limited too nanobiology, artificial limbs, organ cloning, various hormones and drugs that will enhance life and performance are here right now. Look at the performance enhancing drugs used by athletes and the anti-aging drugs used everyday by tens of thousands of people. How many men use Viagra?
The life span of our culture is increasing. People retiring at 65 are realizing that they might have another 25 to 30 years to live – that is another working life time. How are you going to use that time?
A better question might be can you afford to live that long? How about your grandkids? Will they be able to afford to live to be a hundred in a rapidly changing global economy for which there is no road map? No longer will our grandkids enjoy the guarantees of our youth – good paying jobs, employer sponsored health insurance, company pension plans and then Social Security and Medicare.
How will out grandkids financially survive the upheaval which is staring them in the face? Even worse is the fact that they do not recognize the vast changes that are developing.
To navigate through these turbulent waters, we have to make sure that our grandkids are financially well grounded through education. They have to become financially savvy and therefore financially independent. They have to get a financial education.
Where and how you might ask? In school? At home? From a financial guru? Schools, except in some very isolated cases, do not teach money management, finances, as a rule, are not discussed around the dinner table and financial guru’s have their own self-interest to protect.
The answer is you. You, the grandparent, (and parent, as well) can take the lead in providing this education in a fun manner. You can instill the desire for wealth in your grandchildren. You can instill in your grandchildren the means to live the life they want.
Let me define my definition of wealth – the money to have the time to do the things you are passionate about.
The recently published book It is Likely that Your Grandchildren will be Poor, Unless… has some intriguing suggestions.
Three main topics are covered in the book
- Why you should be concerned about the financial well being of your grandkids
- What to do about it
- How to do it.
There is nothing in this book that you are not already aware off, however the ideas and suggestions are tied together to provide you with the necessary tools and a plan to help your grandkids learn to have their money work for them, rather than they work for their money.
www. moneysmartgrandkids. com
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