Subject: Re: The Time Warren Buffett Fooled Himself
"If they have enough to do anything, they have enough to do nothing...though I expect Buffett was thinking along the lines of do nothing and live a playboy lifestyle."
I think of this challenge quite a bit. Besides paying for undegrad and post grad degrees for my 3 kids, I intend to pay for my grandkids education. have also paid for significant housing investments for 2 of the 3 so far.
I also set up trusts for the young ones that have grown amazingly well even just gifting the $19k a year or whatever the limits will be.
I consider it my respsonbility to eductate the young ones on personal finance among other life lessons. I don't want them to grow up to be "Trustafarians"