As a member of the Baby Boomers, I can say we have failed in passing on several important life values to the next generation(s) – be content to live within your means, prepare for the future, and pass a blessing on to your offspring. Instead, we fostered the concept of instant gratification. It was not that long ago when a core financial value was “They make money the old fashioned way ….. They earn it,” as British-American actor, John Houseman so aptly mentioned in his commercial for brokerage firm Smith Barney depicted in the 80’s. This approach of financial responsibility and preparing for the future is now a lost art.
