When Kobe Bryant said his insane level of confidence came from knowing he’d done all he could to prepare, it taught me that anytime I’m nervous it means I didn’t prepare enough.
Client's kids are 28, 31, and 34.
She's sitting on $3.2M. Wants to leave it all when she dies.
I asked: "What will they need money for at 58, 61, and 64?"
Their mortgages will be paid. Kids will be grown. Retirement accounts funded.
Meanwhile, right now:
One is drowning in student loans
One can't afford a house in this market
One is planning a wedding on a shoestring budget
$50K today changes their lives. $50K at 60? It's a rounding error.
She's giving $30K to each this year. Watching them use it.
Die with your memories, not your money.