In this podcast, I talk about how successful parents often put their kids in a really difficult situation: how to manage huge amounts of money that are just given to them at a certain age. For a while, it was pretty trendy in the C Suite circles to make a trust that didn’t pay out until the beneficiaries turned 35. It was seen as wise to wait until the kids were old enough to give them all those resources.

But, as you probably know, you did not learn how to handle money properly just because you got money. Look at lottery winners. They are on average about 45 years old, but they go bankrupt more than twice as often as the general population. Having money doesn’t make you better at handling it, and neither does age.

On the flip side, some parents just want to keep their kids away from any kind of success. This can be just as damaging.

FOLLOW Family Prosperity Partners everywhere:

Facebook:

Business Page: https://www.facebook.com/Familyprosperity

Public Group for Families: https://www.facebook.com/groups/familybizgroup

Private Group for Clients: https://www.facebook.com/groups/familyprosperity

LinkedIn:

https://www.linkedin.com/company/19139744

Subscribe to the Podcast:

Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0

Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHg 

RSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast