Morgan Housel

To your kid, that is normal now.

And you think about this.

What if that child wants to be a kindergarten teacher, but they can't?

They know that they can't live that lifestyle because they got accustomed to something else.

So now they have to try to become a lawyer or a doctor or an entrepreneur if they don't want to do it.

Right.

I think a very core human feeling that feels incredible when you have it and is devastating when you don't is generational improvement, is to say that I'm living a better life than my parents.

And as parents, it feels so good when you look at your children and say they lived a better life than we did.

That is a core thing.

And if you don't have it, it's difficult to have a good life.

If you say, my parents raised me up here,

And now as an adult, I'm down here.

Even if down here is still a great life, it's very difficult to wrap your head around.

Makes a lot of sense.

And that's the curse of being a very successful wealthy parent.

You feel so good as a parent.

I worked my ass off, made a lot of money.

Now I can give my kids a great life.

Every cell in your body tells you to do that.

And it's a wonderful thing.