The article discusses a Redditor's dilemma about whether to invest in his child's education or provide a financial nest egg for a fat FIRE lifestyle early on. The author argues against the latter, citing risks such as the child developing poor financial habits and lacking motivation to work. It emphasizes the importance of building a sense of achievement through hard work and managing money. Ultimately, investing in education is thought to be a more responsible choice for fostering financial success and independence.
It's harder for someone to appreciate the value of a $5 million portfolio if they haven't worked for it. Teaching your kids about money will make them more financially responsible.
Having it given to you early can crush their sense of motivation, especially if they know they will receive the money.
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