Instead, he plans to pay for college, a car, a down payment, and make business loans.
Here's what I'm doing instead, and how I talk with them about money and wealth.
Courtesy of George ApplingI believe it's bad to make your kids wealthyI don't want to leave my children money because I believe it's bad to make your children wealthy.
If the kids need $20 to go to the trampoline park with friends, I'll usually pay.
I let the kids make mistakes with moneyAll my kids work during the summer, and saved about $1,000 each last year.
Persons:
George Appling, —, Brian, I'm, it's, Rockefeller, they'd
Organizations:
Service, Harvard Business School, Nissan Pathfinder, Starbucks
Locations:
Sherwood