clipped from: www.universalwealthcreation.com   

Convenience Banking, Children, And Wealth Creation


Many of us, particularly those of us with children, never step foot in a bank anymore. Unless we make special plans to leave the kids at home, we’re doing our banking online and at the drive-up teller. What impact might this convenience banking atmosphere be having on the efforts of our children to create wealth?


The Good, The Bad


Convenience banking is resulting in a generation of children that have no concept of the reality of money. In wealth creation, that could be a blessing or a curse; which one it becomes depends largely on you as parent and/or mentor.The good news is that convenience banking raises children to think that money isn’t real. As we learn in wealth creation, money really isn’t real; money management and investment is nothing more than paper transactions in reality.