Sharran - I’m a KW agent, my feed is full of smart real estate people, and you consistently bring the most value. Thank you for all the insights and recommendations you put out there. I’ve learned a lot from you. 🙏
You explain this so well. The best rules, structures and financial strategies in the world are only as effective as the people who understand them, make good decisions with them, and actually follow through. That’s why I think financial education is such an overlooked part of wealth creation and legacy. You can build the most sophisticated structure imaginable, but if the next generation doesn’t have the knowledge, mindset and capability to use it, the structure becomes almost irrelevant. Build the system. But build the people who can operate it. That’s where the real legacy is created.
So, I 100% agree with kids needing to trade value instead of just getting handed an allowance. But getting a kid to care about a 5-year ETF timeline is a whole other battle. I convinced my son to invest some of his own money, which I was really proud of since he had to take on extra chores to earn that... but then he woke up the next morning and wanted to withdraw, but was disappointed in how little progress it had made.
Sharran - I’m a KW agent, my feed is full of smart real estate people, and you consistently bring the most value. Thank you for all the insights and recommendations you put out there. I’ve learned a lot from you. 🙏
You explain this so well. The best rules, structures and financial strategies in the world are only as effective as the people who understand them, make good decisions with them, and actually follow through. That’s why I think financial education is such an overlooked part of wealth creation and legacy. You can build the most sophisticated structure imaginable, but if the next generation doesn’t have the knowledge, mindset and capability to use it, the structure becomes almost irrelevant. Build the system. But build the people who can operate it. That’s where the real legacy is created.
So, I 100% agree with kids needing to trade value instead of just getting handed an allowance. But getting a kid to care about a 5-year ETF timeline is a whole other battle. I convinced my son to invest some of his own money, which I was really proud of since he had to take on extra chores to earn that... but then he woke up the next morning and wanted to withdraw, but was disappointed in how little progress it had made.