Do your teens have millionaire retirement plan? Sounds like an odd question initially doesn’t it? I know. Most teens can barely remember to clean their rooms, brush their teeth and wash their hands before dinner. But the question is more relevant than you think.

The U.S. Social Security is not stable or dependable for future generations. It never has been. It may have been a temporary fix, but it was never a well thought out viable long term solution.

In addition, American children don’t typically honor their parents by housing them in their latter years. Which is too bad since many families that do (in any country) get more than a built in baby sitter. Their children get the time, loving attention and encouragement only a grandparent can give from all the past lessons learned from raising their own children. (We assume they have a mutually respectful relationship with their adult children in this scenario. We realize this is not always the case in which case it would be difficult at best.)

That said, from where the country is currently standing, the US Social Security system is bound to collapse at some point under such arduous pressure (aka debt). USA debt could be the the destruction of the America's status as a world leader.

Debt is poverty. Poverty does not lead. So what’s the plan?

The plan is to first think long term. Start a systematic savings account for your children as soon as they are born. Teach your children the value of a dollar. Let them know that credit cards are loans. They are not forms of currency. It’s debt.

Debt is a form of slavery. Don't do it. Learn how to use it when needed.

There are people of all educational and economic backgrounds living off of millions of dollars in their retirement years because they learned how to do this. This can be you too!

Whether you are making $250,000, $2.5 million, or $20,500 per year, it doesn't matter. The key is to start early and be systematic.

The sooner your teens start saving, the better their tomorrow will be. And the easier it will be for you, your entire family and your retirement years to come.


Author's Bio: 

LeTicia Lee is author of The Answer Key to Avoid Debt, Build Credit & Retire Rich (Available in Book + VOD + DVD formats) at - Her video on demand (VOD) shows teens - millennials - parents - teachers - and people of any age how to start a millionaire retirement plan regardless of educational background or economic status.