Perhaps, one of the greatest disservices parents do against their children is the 'debt trap'. It's amazing how children are forced to learn tons of useless info in school; but, most graduate unable to manage a bank account.

The best lesson a child can learn, as early as five, is how to give, save, and spend every dime that enters their hands. And, in the words of Dave Ramsey, "Cash is king" over credit.

Peace.