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General Parenting Discussion
Reply to "How are you preparing your children for downward mobility?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Also make sure your kid does not marry down. Your kids (and grandkids) life will be much more difficult than it needs to be if they make a bad choice for marriage. Don't let them fall for the idealistic nonsense that the financial position of their spouses family does not matter. [/quote] 100% agree with this. Which is why I care about where they go to college and where they get first jobs, beyond finding things that make them happy. [/quote] It won’t be your choice. I know many people from the top colleges who never really made it and are bitter in middle age. I married a waiter at 24. My father wasn’t happy, he didn’t want me to have to struggle. I knew he wasn’t going to be a waiter forever and he wasn’t. His work ethic is remarkable. He works for a high tech company. His parents were in the 1% and money in trusts pays for everything the children need, School, camps, activities, when first started out they bought us a house. Sadly they died recently. They left a generation skipping trust which is the first time we knew they were part of the 1%, not just wealthy. I wouldn’t have guessed his parents were in the 1% because they never bought showy cars or the usual trappings of wealth. They were good people and that counts for a lot. If you find love before 30 you will not know how successful he’ll be. Or that the successful man won’t lose everything. My advice is to make sure there are no drug or alcoholic issues and he gets along with his family. Marry for love. Find good family people. [/quote]
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