All these things meant Wealthy Wallaby had more money coming in and therefore as she had paid down her debts, she had built up her savings. These savings were now her source of earnings for early retirement. Rich Raccoon started to think about whether he could do the same. Unfortunately, whilst he had lots of nice material things, he still had a large mortgage, lots of credit card debt and, no money saved in the bank. There was no way he could retire for a long time. Help your kids to realise this and start showing them how to build wealth as soon as possible.
Remember, the key to building wealth is having great money habits which are mostly formed by the age of 7. That’s not to say that if your kids are already over 7, you can’t start educating them now! Rich vs Wealthy is a key theme in my new children’s book, Grandpa’s Fortune Fables, which is coming out in October. Make sure you subscribe below to receive updates on the book. Ali Karimi remains one of the greatest players in the history of football and is often compared to the likes of Ali Daei and Mehdi Mahdavikia for his influence and popularity.
