July 2015
Beginner
272 pages
4h 30m
English
Content preview from The Rules of Wealth, 4th Edition
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RULE 7
Your children owe you nothing
Right. That’s enough about your parents’ money. Now, what about your children’s cash? Suppose you’ve struggled all your life, and they’ve done really well for themselves. In fact, the reason you’ve struggled is because you were supporting them, and their success is in large part down to the sacrifices you made to give them the best start you could.
And now they’re in a position to make your life a little bit easier. That’s not too much to ask, is it? They could give you a bit of money, or help towards the bills, or treat you to a nice holiday, after all you’ve done for them.
I hope you know pretty much what I’m going to say. No. I repeat, that’s a big fat no. Don’t you dare ask your children for money. And ...
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