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#642 - Bill Perkins - Why You Should Spend All Of Your Money Before You Die
Modern Wisdom
The Importance of Giving Money Early to Your Kids
Giving money to your kids at an early age allows them to have maximum impact and fulfillment in life. Delaying gratification for your kids may result in limited gratification later on. It is important to consider the memory dividend and the arc of their life when deciding when to give them money. Waiting until they are older may limit their ability to enjoy certain experiences and activities. Giving them money earlier in their life allows them to have positive life experiences and create lasting memories. It is crucial to let your kids live their own lives and not try to control them from the grave by using money as a means of control.
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