A father’s letter to his kid: The 9 money and life lessons most people learn too late in life
On June 3, 2019, my wife and I welcomed our daughter into the world. She’s barely old enough to walk, so her job (mostly eating and sleeping) hasn’t changed much. But, one day, she’ll need some money and life advice. As a father who has spent much of his career studying and writing about money, behavioral finance and business, this is what I’ll tell her:
1. Don’t underestimate the role of chance in life.
2. The highest dividend money pays is the ability to control time.
3. Don’t count on getting spoiled.
4. Success doesn’t always come from big actions.
5. Live below your means.
6. It’s okay to change your mind.
7. Everything has a price.
8. Money is not the greatest measure of success.
9. Don’t blindly accept any advice you’re given.