Meaningful Returns

In most middle and upper class families, the first meaningful financial decision in which a kid gets any real input is which college or university the kid wants to attend. Another way of saying this is, the first real financial decision where a kid’s opinion matters is when they are 17 years old and tens of thousands of dollars are on the line, either in tuition payments for the next four years, or loan repayments for the next thirty.

And then, the next big financial decision comes when the kid is 22 and hopefully at their first job, and they get a paycheck that is easily the biggest they’ve ever gotten. Good luck figuring out how to allocate that, kid! Sorry we did very little to equip you for this moment.

I think we should look for a better way.