Kids financial independence is built at the kitchen table, not in a will. Today´s article uses Sting’s much-discussed stance on inheritance to explore what parents actually pass on to their children, and why the most valuable financial gift has nothing to do with money.
Reading a recent interview with Sting, I came across a line that stopped me. Asked again whether his six children would inherit his fortune, the 74-year-old singer laughed, then said something worth sitting with: telling your children they do not have to work is “a form of abuse that I hope I’m never guilty of.”
This article is about what he means, why I believe he is right, and what it actually looks like in practice.
Enjoy the episode, Sweat Your Assets.
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