5 Ways to Invest in Your Family’s Future Today
For those of us with families, we all want the best future possible for them. We want our children to grow up to be happy, healthy, fully functioning adults. Our families should be our most precious treasure, which is why we should make sure to invest in their future. Here are five ways you can invest in your family’s future today!
1. Invest Your Time with Them
Providing financial support is important, but many folks miss out on great opportunities to spend time with and grow closer to their spouse and kids. Having a close relationship with your spouse will show your kids what a healthy relationship looks like. By spending quality time with your kids, you will be able to teach them your values (#3) before you send them off into the world on their own. Investing time with your family will have a lasting positive benefit for them well into the future.
2. Invest Properly in Your Career
Your career has more of an impact on your family’s future than you realize. First, your career provides the means by which they can live. Second, and less considered, is that investing in the career you want should lead to more time away from the office and more time at home, allowing you to effectively invest more quality time with your family as well. With that said, you shouldn’t have to neglect your career to spend time with your family. Instead, build a career that both provides for your family financially and allows you to invest your time with them.
3. Train Your Kids in the Way You Want Them to Go
Building off #1, make sure that you instill your values in your kids from a young age. This doesn’t mean that you should force them to believe exactly how you believe or push them hard toward a certain career. Instead, you want to instill a system of values, such as hard work, honesty, integrity, and kindness. These values are universally transferable to any school, career, even country. They are values that will help your children succeed long into the future. Of course, there are many more values you likely want to instill in your kids. Pick them out and make an effort to do so.
4. Create Good Money Habits Now
This serves two purposes. First, your good money habits will likely rub off on your kids, giving them the same good habits later in life that you have. Second, it will ensure that your family is well provided for even after you’re gone. By saving and investing the money you make, you can leave your kids a great inheritance when you pass that will give them a leg up in life.
5. Have a Complete Plan for Your Wealth When You’re Gone
It’s not enough to just save up and invest your money for your kids. You must create a plan for your wealth (an estate plan). Without a plan, your loved ones will have an even more difficult time once you pass. However, with a complete plan in place, you can avoid probate and know that your family will be taken care of, potentially for generations to come.
Of course, I can help you with #5! If you want to know how to make an estate plan, how to avoid probate, or where you should begin in the process, reach out to me at LawofZACooper.com/Contact!
If you need a complete estate plan in North Carolina, I would love to help you secure your family’s future!