Avoiding Debt

Those who are truly prepared for this new economy will be mostly unencumbered by debt, and therefore free to make changes in their careers without being forced to find another job immediately because of all the payments they have to make each month. They’ll have bank accounts to live off of when they need to go back to school for additional training in order to become more marketable. They’ll be able to take time off to start a new business, or to keep a current business afloat by not taking a paycheck for a while. Financial flexibility is of prime importance in the global economy.

Even now, having money in the bank and minimal expenses is what separates those with choices from those tied to a job and living in constant fear of layoffs. By raising money-smart kids, we give them the tools to handle both prosperity and financial difficulty; in the rapidly changing global economy, there are plenty of both.