Comment by Quinzel
18 days ago
> That said being rich can make you stupid about money too, as it can lead people to think they have an endless flow, especially if they have indulgent parents.
I agree. It’s difficult to strike the balance right. I definitely don’t think there is a need for me to give my kids more money than they already get. Particularly because they’re sort of lazy when it comes to household chores, especially the neurotypical kid - he’s diabolically lazy. The money I give is independent of “chores”. It’s literally a lesson in an of itself. If I want them to do a job for me, ie, gardening etc, I’ll offer them a similar amount of money to what I’d pay someone else to do it. The $100 a fortnight is basically like my own version of a universal basic income for kids. It hasn’t destroyed their motivation to earn money in other ways, in fact, I think it’s motivated them to want to get good paying jobs etc, so they can have more money.
They’re still relatively young though, so I will be interesting to see how they do once they reach adulthood and have real adult responsibilities and bills to pay etc.
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