Statement made on digital platform by Robert Kiyosaki, Author, Entrepreneur, Investor
KRC Times Tell Tale Teaser Team
THE 5-Cs: How to destroy a child’s life with money. I have met many parents who destroy their children’s lives with money…. The parents give their child or children the 5-Cs
1: CASH: they give their children money never expecting them to earn their money.
2: COLLEGE: They pay for their child’s college education.
3: CAR: They purchase their child’s car, covering the gas, insurance and repair expenses.
4: CONDO: They buy their child’s first home.
5: CASH: They set up a Trust Fund for their child so their child never learns to budget, sacrifice, and invest for the future. The child gets married and live happily ever after….
That is why many family fortunes are gone by the third generation. First Gen builds the fortune. Second Gen enjoys the fortune. Third Gen loses the family fortune. Take care…..
~ Robert Kiyosaki, Author, Entrepreneur, Investor
