The Next Generation: Pass It On

This is the latest article from Loral Langemeier, a financial coach and author. Click here for a list of her articles.

You have to get into action to become a millionaire. Once I made my plan and got into action, I never stopped learning, and that continues to today. That is why I built my coaching and mentoring programs -- to share with others how I did it, what works and the guidelines that anyone can use to become a millionaire in three to five years.

Here's something many people never even think about: What about your children, or grandchildren? They don't need your money; they need your knowledge, what you are learning along the way to your financial freedom. Give them a chance to model your behavior and to learn how the wealthy do it. And they can start earlier than you think. ...