"Don't worry about money. Concentrate on your studies. Leave money matters to us." This is something well meaning parents might tell their children but this is an example of how a good intention might actually be taking a step backward. More enlightened parents will encourage their children to save money, highlighting the virtues of saving. This is probably the most basic level. Parents who don't even do this are doing a poor job of parenting. I won't mince my words here. Financially savvy parents might, then, take their children's savings and invest in income generating assets. This will help to build a stronger financial foundation for their children. If the parents do a very good job, the children could have an easier time in adulthood. Financially savvy and more enlightened parents will teach their children the ways to make money work for them as early as possible. This is ......