The Importance of Giving Money to Your Kids

3min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

"I recommend between 25 and no later than 33, right? Depending on how mature they are," he says. "You have to think about the arc of their life and things they want to do." The dollar amount will be more valuable the early give it to them, according to his advice. 'It's not really thinking about your kids, right? It's just something that culturally has happened'

Bill Perkins is a hedge fund manager, high stakes poker player, film producer and an author.

What if the true path to financial fulfilment doesn’t lie in saving every penny, but rather in spending it as effectively as you can? Delayed gratification in the extreme results in no gratification, and Bill's book Die With Zero is one of the best financial philosophies I've ever come across.

Expect to learn how to maximise your existence for positive life experiences, why you should give your kids their inheritance when they're 30, the most common errors people make about money, why it’s so hard for some of us to spend, the brilliant concept of ‘consumption smoothing’, what Sigmamode grindset-ers are getting wrong about work-life balance, how to plan your life in terms of seasons and much more...

Sponsors:

Get 20% discount & free shipping on your Lawnmower 4.0 at https://manscaped.com/modernwisdom (use code MODERNWISDOM)

Get 15% discount on Mud/Wtr at http://mudwtr.com/mw (use code MODERNWISDOM)

Go to my sponsor https://betterhelp.com/modernwisdom for 10% off your first month of therapy with BetterHelp and get matched with a therapist who will listen and help

Extra Stuff:

Buy Die With Zero - https://amzn.to/3MU4q99

Follow Bill on Twitter - https://twitter.com/bp22

Get my free Reading List of 100 books to read before you die → https://chriswillx.com/books/

To support me on Patreon (thank you): https://www.patreon.com/modernwisdom

Get in touch.

Instagram: https://www.instagram.com/chriswillx

Twitter: https://www.twitter.com/chriswillx

YouTube: https://www.youtube.com/modernwisdompodcast

Email: https://chriswillx.com/contact/

Learn more about your ad choices. Visit megaphone.fm/adchoices