GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you could read more about oureditorial guidelinesand our products and servicesreview methodology.
Cruze believes in the power of good money habits to change a familys finances for generations.
In arecent YouTube video, she shares thesefour principles for breaking destructive money cycles and building generational wealth.
She knows that some parents are wary of providing an overly deep cushion.
The journey itself can be a powerful lesson, especially for older kids.
Cruze believes the first step to changing your familys money story is to get rid of that debt.
Except for a mortgage, just say no, she advised.
Investments make your money work for you and your family.
Those earnings can go back into your portfolio to earn even more.
The longer you keep that money invested, the more opportunities you have to earn.
[Its] a really beautiful thing.
Plan for the Future
Cruze encourages people to prepare for their far and near futures.
Cruze recommends a sinking fund to prepare for these expenses.
A sinking fund is a chunk of your savings that you dedicate to a particular purpose.
For example, say youll need a new car within two years.
More From GOBankingRates
Share This Article:
