Have You Considered This?
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A friend of mine asked me today “If you were a mega-millionaire, how would you treat your kids? How would you prevent them from becoming spoiled?”
After thinking about it carefully, I had to reply “I’d treat them just the way I do now.” We make good money now, and we could buy a lot more for our kids than we do. The reason we don’t is that we want them to learn the value of money, a work ethic, and a sense of personal power that they can achieve their goals without relying on hand-outs.
However much money we make, and however much we have in assets, we will still want them to learn the same things.
The things which might change are things like the frequency and location of family holidays - given unlimited cash, we would take the kids overseas at least a couple of times a year.
But that’s about it.
Turns out my friend was in a position of making more money this year than ever before, and only now has this particular question become relevant.
I would encourage everyone to think about it, though. At one point, I was being held back by a subconscious resentment that I was doing all this work and my kids were getting the benefits for free. Once we got our policies clear about what we do and don’t buy them, that particular resentment faded away.
If you haven’t consciously thought about it, it’s well worth a look. You might even find that a similar type of subconscious tether is holding you back.
