1. 3 things to do with money. They can let it sit in their wallets and purses, spend it, or save it and watch it multiply. Drive to different parts of your city with your children and point out different living conditions. Some spend everything and never get ahead. Others let their money sit idle and it never increases. But the wealthy know how to spend what they need and then save and invest the rest.

2. What are the goals? If you ask your children what they want to be when they grow up you will hear all the typical answers, "Doctor, Dentist, Fireman, etc" but what do your children want when they grow up? Ask them. Do they want a nice home and time with their family? Do they want to be poor? Suggest to them that goal setting is big part of getting what we want in life.

3. Activate those goals. If you have a financial planner you can introduce your children. Explain to your adviser what you are doing and they will have the foresight to develop a future client. You can also help your children develop a financial plan. Make a game of it and show them how they can retire by the time they are 40...wouldn't that be fun.

4. Frugality. Try to be frugal in your family budgeting. Teach your children how they can be thrifty and then they can save and invest even more.

5. Open savings accounts. Take your children to the bank or credit union and open savings accounts as soon as possible. Show your child's name on the account so they can get a sense of how their money is growing.

6. Better choices. Present alternatives to your children for entertainment. There are so many like going to the park versus going to the movies. Going to the library and checking out books versus expensive toys. Show your children how the family can take these savings and invest them.

Saving and investing is difficult for most of us. In America we save less than many par