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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]We are planning to pay for their college, wedding, down payments. In addition to this we have two rental properties in a highly desirable area, each property generates 6k/month, they will get one each to help with their lifestyle plus a 5 mil inheritance after we pass. In addition to this, teaching them that life is expensive and they should pick high paying career options and manage their money well, even after doing all this there is always luck. Parents always want the best for their children but luck is a factor we can't control. At the end of the day, may they be healthy and happy wherever they are.[/quote] With todays life expectancy they might not have much time to enjoy the 5 mil (I mean how long seniors live nowadays) [/quote]
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