[quote=flu]I’ll offer an alternative theory. I’m actually pushing myself to try to be the richest, most selfish person I can be, and trying to accumulate as many properties and resources that produce passive income as possible. That way, my kid can just inherit it and live a significantly less stressful life.
College is only for the purpose of if my kid has a personal interest in something, to have a paper that says my kid isn’t a complete idiot, and to teach basic principles of math, science, accounting, finance, and to meet people.
Afterall, the best way to make $10million, is to start out with $8million. And to be able to buy your way into things, like a diploma, or connections, etc. Just like…. Trump.[/quote]
Years ago, a woman I knew had a baby and shortly thereafter began to cry telling her husband that she didn’t want anything to happen to the baby. He said – the baby’s fine, there’s no problem. And she said “No, I mean I don’t want anything to happen to him ever.” I respect and am impressed by your plans, but don’t forget that people without the need to earn a living can go a bit off the deep end. Too much time on ones hands can lead to bad results. Sometimes what we want to give our kids and what is best for them are two different things.
