Reply to Preventing generational decline

Forum Index » Money and Finances

Reply to "Preventing generational decline"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]OP here. I appreciate all the thoughtful replies, and am realizing my concerns about generational decline are likely overblown and premature!

We’re far from family office-level wealth, so yes, I imagine our kid will need to work in order to maintain the lifestyle we’ve provided for them to date. To their credit, they don’t seem to be afraid of hard work - for example, they successfully balanced a part-time job throughout senior year of high school with academics and other extracurriculars (and of course college applications).

I guess my real fear is about [b]resilience[/b]. This kid has never experienced a meaningful setback in life. That may be a topic for another forum, but specifically in terms of money and finances, I wonder how they would even react if faced with a lower standard of living![/quote]

That's a little different. You needed to teach them to not be too attached to material things. It comes more easily to some people than others. I deliberately kept our house small, our cars modest, etc. They have not lived in the lap of luxury. Also, they have both been challenged, intellectually and physically, by various activities that I deliberately chose because they were hard for them. One of them has ADHD and the other has an auto-immune disease, and their lives haven't always been easy.

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics