The Daily Motivation

If You're Saving Money For Your Kids, You're Doing It Wrong | Bill Perkins

4 snips
Jun 28, 2025
Bill Perkins shakes up traditional views on family wealth, suggesting working hard for an inheritance may steal precious time with kids. He advocates for giving financial support early, around ages 25-33, to help shape their lives. This timely transfer not only strengthens bonds but also challenges the autopilot mindset of endless saving. The discussion expands to charity, emphasizing that giving now creates greater impact. Prepare to rethink both your financial strategies and the very essence of legacy!
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ADVICE

Give Kids Money Intentionally

  • Give your kids money when they are mature enough, ideally between 25 and 33 years old.
  • Be intentional with money transfers to enable them to have fulfilling choices and experiences.
INSIGHT

Timing Matters for Inheritance

  • Giving inheritance to kids between ages 25 and 33 is more impactful than waiting until after you die.
  • Timing matters because kids can use money to shape their lives during their prime years.
INSIGHT

Rethinking Legacy and Fulfillment

  • Leaving money to kids after death often means giving when they no longer need it most.
  • Spending money while living creates more meaningful memories and legacy than accumulating wealth to pass on later.
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