“A good man leaves an inheritance to his children’s children, But the wealth of the sinner is stored up for the righteous.”
Proverbs 13:22
Ever notice that it says “children’s children?” You know what it takes to ensure that your children’s children get that inheritance? The key to reaching your grandchildren with your inheritance is making sure you have passed not only money to your children, but also the wisdom and integrit to handle that money properly.
Schools are not teaching very well, I don’t remember learning anything about it there. In general, parents are teaching very well either. Again, I never got many lessons from my parents about finances.
Also, with each generation,reports of personal debt, personal savings rate and bankruptcies are on the rise. (BK’s dropped in 2006 with the new laws, but over decades they have risen.) As of 2004, some reports have an average income of retired people of around $25,000 – $35,000/year. A modest income for the twighlight years and not much if considerable debt is carried into retirement.
We are soooooo glad that we were exposed to this great information and decided to act on it. Now, we will make sure to impress upon our child (children) the importance of good stewardship of finances according to the Bible.
So, ultimately, this scripture is FAR MORE than just passing some money down to your family. Its about guiding and teaching them the wisdom and integrity needed to make sure the inheritance makes it to the grandkids. Who knows, maybe that wisdom and integrity will help them with other life issues, other than just money.
