Modeling: Abraham Lincoln said, “There is but one way to train up a child in the way he should go, and that is to travel it yourself.”
A good example is worth a thousand sermons.
Management: Good management is the ability to discern the uniqueness of a child and teach him or her accordingly. We are to train up a child in the way he should go not the way we want him to go.
Memories: Memories are more important than things. Note that the verse says, “When he is old, he will not depart . . . “