Teach children the value of building wealth, not just making them millionaires

When saving for your children's financial future, it is important to focus on teaching them the skills and mindset needed to build wealth, rather than just aiming to make them millionaires. Simply loading up their accounts may not prepare them for successful financial habits and could lead to excessive consumption. Helping children understand the power of compounding interest and instilling behaviors that promote saving and investing are crucial. Teaching them concepts like giving, saving, and responsible spending from a young age can lay the foundation for future financial success.