08/14/2026
Michael Hoang said he is leaving his money to charity, not to his children.
I went further than he did.
Run the math with me. Average life expectancy for men in the United States is somewhere around seventy five. Your kids are typically twenty to thirty years behind you. So when you go, they are in their forties or fifties.
If your son or daughter has not built financial literacy by then, if they are not financially responsible at forty five years old, and you drop a large sum of money on them, you are going to ruin your child.
That is your last act before you see the other side.
I hate that.
We should be spending that time teaching our kids about money, business, people, sales, marketing. Real skills that make them effective in their own right, so their financial future is not waiting on our death.
Michael put it better than I did. He said you do not want to turn your kids into a bunch of waiters. Meaning they are waiting around for you to die.
His plan is to hand them the education instead of the balance.
I am curious where you land on this one, because I know it is not universal.
Full episode in the first comment.