Any bright ideas out there?
A: These millionaires in the book are very Dull People.
B: Charity begins at home. Take care of your kids first. Would it have hurt you if your parents had given you money? I doubt it.
If you have a lazy kid, giving him or her money won't make him any lazier, and not giving them money will not make them work harder, At least, if you give them money, they are not as likely to get in trouble! Give it to them in ways that stabilizes them, i.e., a house you hold the mortgage on. Same with cars, clothes for the kids directly, etc. If it ticks you off that he or she is having life easier than you did, get over it! Don't you wish your parents could have done the same for you?
Finance your grandchildren directly for what they want to do. Camps, education, etc. You can bend them a little. If your children are in their '30s, you are not going to change their behavior anyway.
And, whatever you do, spend a lot of your money foolishly! Life is a lot more fun that way. |
