In economics/psychology there is a proven theory called "risk/loss aversion". It goes the more you have the less risk you are likely to take. Those with nothing will take on risk and those with more become more risk averse. It is also inversely proportional to age ( to a point). As you age you become more risk averse.
The point is, we need to teach our children to take a financial risk or two while there is time to recover from failure. But how do you teach them to understand the right risks to take?
More financial literacy training is required by parents and the education system.
However perhaps we here can all just leave them a whopping inheritance when SYT reaches its full potential with luck! GLTAH and their families!
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