How Do I Tell My Teenager She Is Getting $1,000,000?

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[zbennett]

“My goal is not to raise good kids. My goal is to raise good adults” -Papa Dave

Love this!!

[gfysyoutube]

Caller: My Daughter is getting $1, 000, 000
Dave: Sell your car

[bluecollarmoneyinvestingch]

Having too much money is a good problem to have. Teaching her to be financially literate and responsible should be a priority.

[jordanneal]

Teenage me with $1, 000, 000 would have been a complete disaster.

[webbie]

Honestly, I'd wait until she's 17 just to get her prep up for it, but I'd start to teach her money management right now.

[tkid]

I would wait. Whats gonna happen is she will tell everyone at school and it will be an issue

[sophiesto]

We had our kid do FPU at @17. At 18 we showed him his account. He freaked out and asked us to keep it safe for now. He s in a college free tuition on rice and beans and he s happy not to tiuch his house down payment. His choice.

[Metonymy]

My friend found out that same thing when she was a teenager. Do Not Tell Her.

[CandiceB]

I’m glad the father has the financial literacy & understanding to inquire about the best way to bring up this blessing to his daughter. He definitely seems like a great father!

[mickydee]

I hope dad tells daughter that having money makes her a target and she should keep her mouth shut about it and not financially draw attention to herself.

[CaseyBurnsInvesting]

I have a friend who knows she’s inheriting money and she refuses to work or be independent. Don’t tell them the amount smh 🤦🏾‍♂️

[liamwelsh]

5 years later: Hey dave remember that call 5 years ago? Well she blew it all.

[gastonave]

I inherited enough to retire comfortably at 45 years of age and I'm so glad I didn't come into that money at a young age because it would have been long gone before I turned 30.

[jayrider]

I know a girl who was left a million dollars and she immediately moved to a apartment in Manhattan and traveled most of Western Europe. She pisses it away on nonsense. LoL

[katspov]

I'd tell her when she's in high school and starts talking about what she wants to do with her life. She'll need to know she won't qualify for financial aid but will be able to afford to go where she wants and do what she wants. I had a college friend who received much more than this and it motivated him to be very successful because he felt a weight on his shoulders to use it responsibly.

[Bedhop]

"What's it invested in?"

*guy realizing its sitting in a savings account*

"uh uh a conservative mutual fund"

[jacobshaw]

Oh, and make sure she gets a job. Just because she’ll be a millionaire at 18 doesn’t mean she shouldn’t learn how to work hard.

[superbros]

To lose your mom in life, it's like losing 50% of your life.

[kawkawmccarvs]

As an agnostic, I like how Dave let's his Christianity be know but doesn't impose it on others.

[Fedgery]

If she gets access to that money all at once it’s pretty much gone. She needs a financial education and that typically doesn’t happen by 18.