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Reply to "How do I set my kids up for success? "
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[quote=Anonymous][quote=Anonymous]According to Charlie Munger, financial responsibility is basically genetic - people immediately grasp and adopt the correct behaviors the first time they are taught to them, or they never do regardless of the extent and quality of training.[/quote] I think there’s some truth to this. My college aged DC is (so far) good with money, and I’d love to take credit for it, but my parents were terrible with saving and investing and somehow I turned out well in that respect. I do think you need to open to learning, but it does need to “click” with you once you are taught. [/quote]
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