Radical Personal Finance cover image

949: How to Invest in Your Children at a Very Young Age, Addendum: Invest in the Social Climate and Environment of your Children.

Radical Personal Finance

00:00

The Importance of Choosing the Right Neighborhood for You

If you choose an inexpensive house in a low-cost neighborhood, then yes, your personal outlay of cash might be different. On the other hand, if you move into a Tony neighborhood with wealthy people, perhaps those networks are going to be very helpful to you and your child. But the cost of maintaining those networks might be really significant and your personal expenses might be pretty high. I can't tell you what's right. All I can tell you is it's an important set of considerations. It's an important thing to consider. There may be ways, by the way, to navigate that environment. You might live in a city where there's much more mixing of cultures. The big

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app