I love my daughter; however, when I die, she probably gets nothing.
I struggle with this, but this much I know:
What my daughter Leyla really needs from me as a dad is my:
– Unconditional love
– Full attention
– Unwavering support
– Being a role model
In my opinion, that should be (and is) my main focus.
Will money help her have an easier life?
Probably.
But it’s illogical to connect a random event (my death) to financially supporting her.
She might be 60 when I die.
What good will any money do her then?
She would probably benefit earlier on in life: in her 20s and 30s.
So I would need to plan for that timeline.
When you ask rich entrepreneurs and business owners:
“Why do you still work 80 hours a week?”
They’ll likely tell you they do it “for the kids.”
– Did you ever ask them if that is what they need from you?
– Have you planned how to optimally support them financially?
As I said, I think about this quite a lot.
What are your ideas? What pitfalls do you see?
PS: Enjoy this?
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