Phoenix/ Family & Kids
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Published on January 16, 2024
In a Fox Business chat, Bill Perkins Advocates for Early Inheritance, Suggesting to Give to Kids when they're Thriving, not ThriftySource: Instagram/billperkins

"Hedge fund honcho and author of "Die with Zero," Bill Perkins, shares his perspective on giving money to your kids, emphasizing not to wait until the grave. In a conversation with Neil Cavuto on Fox Business, Perkins emphasized his philosophy that life is essentially a journey to the cemetery, encouraging people to savor the scenery along the way. "You know, life is about net fulfillment, about having a fulfilling ride. I mean, the destination is always a grave," Perkins told Fox Business. So, what does that mean for your bank account?"

Perkins advises enjoying the rewards of your labor before you pass away. Holding back on spending might mean missing out on the benefits of your working years, but Perkins emphasizes that giving money to your kids is optional. If your kids are a priority, contributing to their financial well-being could be an extra perk.

The best time to support your kids financially, according to Perkins, is between the ages of 28 to 33. This age range is when they are mentally and physically in good shape, ready to make the most of their parents' money. Perkins suggests that after this period, the benefits start to decline. For his own children, Perkins is not just talking; he's following through with his strategy.

"I've listened to my own advice and, you know, done the thing that I think is going to have the most impact on their lives and mine. I get to enjoy seeing them use it and having a more meaningful impact on their life, not when they're 65 or 80," Perkins added in his discussion with Fox Business. It seems Perkins is all about giving while you live, and for him, it's a family affair

Perk up, parents: if you're considering when to share the wealth, Bill Perkins' advice is to do it while you can still bask in the warm glow of your offspring's happiness. It's all about striking that balance, spending without stinting, and perhaps most crucially, enjoying the gratitude that comes when you dole out the dough before the final curtain call.