Bill Perkins
π€ SpeakerAppearances Over Time
Podcast Appearances
16 and 19.
Yeah.
And their bodies will reach physical maturity.
And then they will plateau and start to decline.
So...
If your body is unable to convert the money into meaningful experiences as you age, your physical ability to either enjoy them or do them goes down, the same is true for your kids.
actually giving a smaller amount to your kids at an earlier age will be more impactful and more fulfilling than waiting till you kick the bucket and they're 66 or 65 or 60, right?
And two thirds or more of their life has gone by, right?
So what I advocate for is that be intentional, right?
You want to give your kids fulfillment, a fulfilling life and choices.
So whatever you're gonna give them, some people are like, I'm not giving my kids anything.
I had to make it, they had to make it.
But whatever you're gonna give them, give it to them at the right time.
Timing is important.
And so I advocate somewhere between 25 and 33.
Some kids are very mentally mature and they can handle money when they're younger and it's gonna be fine and some are a little bit later in life.
But at a certain point, it's their life.
right?
You've done your best to prepare them to navigate the world.
They're their own person.