The great thing is that kids love stories. My oldest son never tired of adventure stories. My daughter never tired of fairy
tales, and my younger son loves fantasy. Stories, no matter how fictional they might be , come from real life experience. So a very good way to pass on your wisdom and experience to your children is by telling them a story from your life (creative licence allowed).
Story night can take place while having a special dessert together, or sharing hot coco by the fireplace. You could each take turns sharing a short story, or if someone is very theatrical they can even act out a story. You could also make up the beginning of a story and ask your kids what would happen next, getting them involved in creating the story, even allowing it to become a fantasy.
If your kids are more of the hands on type, you could have an ongoing scrapbook project that you work on together. It could be a family album that you all contribute to, or each person could have their own section or their own album. This works best if everyone shares the same freedom to create it however they want. The important thing is that it continues to be an enjoyable time to share memories together.