X @Nick Szabo

RT Nick Szabo (@NickSzabo4)On a purely economic level, a better strategy than training your daughter to be a wage serf -- or at the very least an important supplement -- if one oneself can rise above paycheck-to-payckheck living, is to save from each paycheck, invest in long-term vehicles (both cash flow based and non-dilutable assets), then pay out to children when they have important life events, e.g. marriage, buying first house, having children. In the world of globalization capital paid off better than ...