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Friends, With Money
It starts with the best of intentions. You insist on paying for a five star dinner, or a weekend in Europe to see some special exhibitions, knowing your best friend is trying to save money to start her own business. You have more than enough; why not share?
Over the years, it becomes habit. You place your credit card on the table before your friend can even reach for her purse. At this point, she sometimes goes quiet. Then one night, over a glass of wine, your friend suddenly says “I feel like your charity case.”
Teaching Children Survival Skills
I often hear from my clients that growing up with modest means taught them the value of a dollar. Some clients are concerned that their children, having been raised in relative comfort, don’t understand what it takes to earn enough to support their lifestyle. The vast majority of parents, even if not concerned about their children, express anxiety about the impact of wealth on their grandchildren as they grow up in comparative affluence. Without the life experience and knowledge of survival, honed by living with relatively moderate resources, parents question how well their children, and especially their grandchildren, will adapt and support themselves as they move into adulthood.
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