I want my children to have the motivation to interact with the world. I believe it's bad to make your kids wealthy as it can ruin your ambition.
The saying, 'It takes one generation to build it, one generation to run it, and one generation to ruin it' resonates across cultures and warns against the dangers of generational wealth.
I have no plans to leave my children a substantial inheritance. Instead, I'm focused on practical support like a car, college education, and a first home down payment.
My financial habits, living well below my means, allowed me to secure $1 million by age 36, which then empowered me to pursue my passion for running a medieval fair.
#financial-education #generational-wealth #inheritance-philosophy #child-upbringing #financial-independence
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