I generally tell my adult children what I think once and then leave it alone. One of them can be quite stubborn, he tries to time the market with stuff like leveraged bitcoin ETF's. I told him he was gambling in the market but nothing has changed. Anyway, I think your daughter might pay more attention to being wise with her finances if you were to let her know that the safety net underneath her might not be as large as she thinks it is. You might tell her that the cost of long term care could use up all of your money before you die. This may or may not be true. In general I believe you are right. Your success allows your own children a safety net or margin for error.
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I generally tell my adult children what I think once and then leave it alone. One of them can be quite stubborn, he tries to time the market with stuff like leveraged bitcoin ETF's. I told him he was gambling in the market but nothing has changed. Anyway, I think your daughter might pay more attention to being wise with her finances if you were to let her know that the safety net underneath her might not be as large as she thinks it is. You might tell her that the cost of long term care could use up all of your money before you die. This may or may not be true. In general I believe you are right. Your success allows your own children a safety net or margin for error.
Post: The Catch-22 of Success: How Our Achievements Shape Our Children’s Choices
Link to comment from November 19, 2025