Dave Ramsey is a figure I have been following for awhile. Some of his principles have served our family very well. I have read all of his books with the exception of one. I plan on reading it, but the idea that I have not read it and yet, feel confident suggesting it, serves as a reminder that good brands do just this — they sell you before they even buy them.
Similar to Apple products. I don’t have iphone 6 but I know I will eventually move to one. That is a strong brand.
I will teach my son to invest in reliable brands while I also teach him about money. Part of his money training will be to save, give and spend. I want to teach him the value of spending on dreams and memories rather than things. Things only last awhile. Memories are forever.
Teach your kids about money here:Smart Money Smart Kids: Raising the Next Generation to Win with Money”