Parents should build wealth and investments for their kids
A case for parents treating investing for their children as a duty, framed as good for families who act early and bad for those who pass down only a house.
- Handing kids a house is not enough — they may not afford the property taxes on it.
- The pitch: start a side hustle and put the money into stocks or life insurance instead of a new car.
- Suggested approach is backing companies with strong leadership that can pivot and win, naming Tesla as an example.
- Schools barely teach money basics, which leaves most people unprepared to manage what they inherit.
- Financial illiteracy is cast as a tool of control, with universal basic income as the alternative to breaking free.
Outlook: Expect more of this push for family-level investing as distrust of schools and safety nets grows.