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WCI #312: Generational Wealth and Teaching Your Kids About Money

White Coat Investor Podcast

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The Risk of Giving Too Much to Your Kids

"I think in some regards, there can be too much if you give them everything that they are not able to develop themselves into responsible human beings," he says. "We want to give them opportunities that we are so often not have." The family's plan is for their college education: pay for whatever the average amount is for the state of school and the state that they're currently residing in. And upon graduation, then we'll pay off the rest.

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