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There is great power in memorization. Many of our General Authorities have shared scriptures and poems and passages of literature in their addresses. Often they note that these are things that they memorized when they were young.
I've printed up a book of poems shared in General Conference for each child. We will memorize them in our house at a rate of one a week, the kids can choose what order they want to go in, and a couple to skip completely. My eight year old will be working only on the Articles of Faith.