Steven

It's hard for a parent. I'm not filthy rich by any means, but I've sold a couple of books. And it's hard as a parent to be like, I want to use money to give you a good life, but I don't want to spoil you. The last thing I want is for you to be a spoiled little brat. And it's very difficult for a lot of parents to do that.

It's hard for a parent. I'm not filthy rich by any means, but I've sold a couple of books. And it's hard as a parent to be like, I want to use money to give you a good life, but I don't want to spoil you. The last thing I want is for you to be a spoiled little brat. And it's very difficult for a lot of parents to do that.

And so one of the things that I want him to learn about money and I want him to learn it in a very stark way is like learn the scarcity and the value of $1. And I think the only way to do that is to experience it firsthand. So when he was born nine years ago, I wrote him a little letter and I published this on a blog. And one of the things I said was, I hope you're poor one day.

And so one of the things that I want him to learn about money and I want him to learn it in a very stark way is like learn the scarcity and the value of $1. And I think the only way to do that is to experience it firsthand. So when he was born nine years ago, I wrote him a little letter and I published this on a blog. And one of the things I said was, I hope you're poor one day.

And I said, not struggling, not broke, but I hope the only way to understand the value of a dollar is to experience the power of its scarcity. And I hope there's a period when my wife and I are able to say, like, look, you're never going to fall flat on your face. You're not going to be homeless. You're always going to have good health care.

And I said, not struggling, not broke, but I hope the only way to understand the value of a dollar is to experience the power of its scarcity. And I hope there's a period when my wife and I are able to say, like, look, you're never going to fall flat on your face. You're not going to be homeless. You're always going to have good health care.

But I hope you're able to experience the scarcity of a dollar so you value it. I did. My parents taught me that in a way that they didn't need to, but they let me be poor for a while. And most people will experience it because they have that. That's the situation they're in. So that's one thing I think about. And I think actually quite a few families deal with that is like,

But I hope you're able to experience the scarcity of a dollar so you value it. I did. My parents taught me that in a way that they didn't need to, but they let me be poor for a while. And most people will experience it because they have that. That's the situation they're in. So that's one thing I think about. And I think actually quite a few families deal with that is like,

How can you help your kids? And it goes beyond money. This is, you know, so many, the helicopter parent era is I want to protect you from downside at all costs, emotional downside. And I think money is one of many topics in which you're going to learn the best by experiencing the downside.

How can you help your kids? And it goes beyond money. This is, you know, so many, the helicopter parent era is I want to protect you from downside at all costs, emotional downside. And I think money is one of many topics in which you're going to learn the best by experiencing the downside.

than young women and i think it was like one in seven men are out of work yeah so it's a different world for a man but but we still have the sort of prehistoric caveman mindset of being a protector and a provider yes the world has changed yeah i think scott galloway recently said that like a really aspirational definition of manhood is is wanting to procreate provide and protect you want to have kids and you desperately want to provide for your family and protect your family

than young women and i think it was like one in seven men are out of work yeah so it's a different world for a man but but we still have the sort of prehistoric caveman mindset of being a protector and a provider yes the world has changed yeah i think scott galloway recently said that like a really aspirational definition of manhood is is wanting to procreate provide and protect you want to have kids and you desperately want to provide for your family and protect your family

And I do think that there are, yeah, there's men all over the world to a higher degree than there's ever been that feel like those three things are out of reach for them.

And I do think that there are, yeah, there's men all over the world to a higher degree than there's ever been that feel like those three things are out of reach for them.

Daniel Kahneman, a great psychologist, passed away last year. He had a saying. He was like, when all of your options are bad, you become very risk-taking because you have nothing to lose kind of thing. So whenever you see people participating in get-rich-quick schemes, you know it's because they feel like all their options are bad.

Daniel Kahneman, a great psychologist, passed away last year. He had a saying. He was like, when all of your options are bad, you become very risk-taking because you have nothing to lose kind of thing. So whenever you see people participating in get-rich-quick schemes, you know it's because they feel like all their options are bad.

If you knew, if you believed that if you could go to college and learn, or not go to college, but if you can go learn a skill, and go work hard and earn a stable paycheck to provide for your family, 99 out of 100 men are going to say, that's the one I want.

If you knew, if you believed that if you could go to college and learn, or not go to college, but if you can go learn a skill, and go work hard and earn a stable paycheck to provide for your family, 99 out of 100 men are going to say, that's the one I want.

But if you believe, whether it's true or not, if you believe that that option is not available to you, you're like, let's throw it all on this new coin kind of thing.

But if you believe, whether it's true or not, if you believe that that option is not available to you, you're like, let's throw it all on this new coin kind of thing.