4.8 • 602 Ratings
🗓️ 9 December 2020
⏱️ 2 minutes
🧾️ Download transcript
"You work hard for your family. You know how you sweated for each dollar, which can make it hard to spend. Especially if you have an eye toward investing—every dollar expended now comes at the cost of returns in the future.
That’s one way to think about it, but it’s not the only way."
Find another perspective on how to invest in your family on today's Daily Dad Podcast.
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0:00.0 | Welcome to the Daily Dad podcast where we provide one lesson every day to help you with your |
0:14.1 | most important job being a dad. These are lessons inspired by ancient philosophy, by practical |
0:20.3 | wisdom, and insights from dads all over the world. |
0:24.5 | Thank you for listening, and we hope this helps. |
0:33.4 | This is something to invest in. You work hard for your family. You know how you sweated for each dollar, |
0:40.5 | which can make it hard to spend it, especially if you have an eye towards investing. Every dollar |
0:45.7 | expended now comes at the cost of returns in the future. And that's one way to think about it, |
0:52.0 | but it's not the only way. Marcus Aurelius writes that what he learned from his great-grandfather was to avoid public schools, |
0:58.7 | to hire good private teachers, and to accept the resulting costs as money well spent. |
1:04.4 | Obviously, schooling in Rome was very different than it is here today in the modern world, |
1:08.4 | so let's ignore any political implications of his statement. |
1:12.2 | What Marcus Aurelius is talking about is investing in your children's education, whatever form |
1:18.4 | you decide that will take. A tutor to teach them Spanish a couple times a month, a piano instructor, |
1:24.5 | a yearly pass to a museum downtown, the gas and commute to the school on the other |
1:29.0 | side of town instead of the closer but less rigorous one, private tuition, one parent working |
1:34.5 | less so you can homeschool. None of this is cheap, but don't think about it as an expense. |
1:40.1 | Think about it as an investment. It's the most important investment you can make. |
1:44.5 | It's an investment in their knowledge, in their education, |
1:47.5 | and it's making them better, and it's worth what it costs. |
1:51.5 | You're listening to a Daily Dad podcast, |
1:55.0 | one meditation a day inspired to help you do your most important job, |
2:00.0 | which is be a great father. These are |
... |
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