How much skin should your kid have in the game?
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@copper said in How much skin should your kid have in the game?:
I told my daughter that it is coming out of her inheritance.
That's what I tell her whenever we pick up a tab.
Our approach has been that education is the core of the inheritance, that’s a great foundation for for what constitutes a family “brand” or value system.
Personally I think if you think your legacy is to be remembered by giving after you die, it’s very risky. Your legacy is what you do when you are alive. Of course the balance for me at least is to try to have your children be self sustaining individuals.
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@bachophile said in How much skin should your kid have in the game?:
@klaus generally the countries which make you pay for ambulance service also charge a tuition for education that requires you go deeply into debt.
There must be some correlation there though I’m not sure it’s obvious.
You maybe on to something there. Even here ambulance transport is not covered by the provincial health insurance for anyone under 65 years of age. You either have private supplemental health insurance to cover ambulance or pay out of pocket. Once you are 65 the ambulance is covered by an old age provincial supplemental health insurance entitlement through Blue Cross.
We also charge tuition for all post secondary education.
Hmmmmm
