Morgan Housel

I don't know if I'll do a good job with this, honestly.

I'm in wealth accumulation growth mode right now.

When I'm 80, I don't know if I'll do a good job of it because I do feel like in a way that's probably not good.

Number go up is important to my identity.

That's my favorite takeaway from his book and changed profoundly how I think about inheritance for my children.

Profoundly.

Right.

But they desperately need it when they're 30 and trying to buy a house.

Get the first house.

Do it.

And having kids.

For a better life for my family.

I think in a very broken way, it's well-intentioned, but it's, I think, a very wrong way, is that what's holding a lot of parents back from doing that is, well, I had to work when I was 30.

I worked my ass off and bought my own house.

This kid has to do it too.

Here's why I think that's wrong.

You, baby boomer parent, who thinks that you built all this, you live a life that makes you look like a spoiled little bitch in the eyes of your grandparents.

You have antibiotics.

You have air conditioning.

You have jet travel.