Financial Heirlooms

Published: July 7, 2023, 6:04 p.m.

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This week\'s blogpost - https://bahnsen.co/3JLysv2

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The Choice is Yours\\nI recently watched the movie Race, the story of Olympian Jesse Owens. One particular scene stood out to me. Coach Larry Snyder is advising Owens on life/relationship decisions, and he warns, \\u201cThe choices you\\u2019re making right now won\\u2019t even feel like choices until it\\u2019s too late.\\u201d

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I couldn\\u2019t shake that statement. The truth of it haunted me a bit. Whether we realize it or not, the micro-decisions we make today will have an impact on our future. Yet, the size of that impact can only be measured and realized in hindsight.

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Helping or Hindering\\nThese thoughts came on the heels of a discussion that Sean Latimer and I had on last week\\u2019s podcast about 529 plans. We wrestled with the reality that each of us \\u2013 in one sense or another \\u2013 struggled to pay our way through college and we both wanted to spare our kids from that same struggle. We wondered whether these 529 plans would be hindering or helping. Was it, in fact, these very struggles that built our character and work ethic? Where would we be today if we were eased from those struggles?

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As a parent, these are weighty decisions. Whether your kids are toddlers or young adults, or even nearing retirement themselves, you have to be conscious about how you teach them about money and how you help them with money. Why? Because \\u201cThe choices you\\u2019re making right now won\\u2019t even feel like choices until it\\u2019s too late.\\u201d

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Links mentioned in this episode:

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