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The Daily Dad

This Is Where to Put Your Effort

The Daily Dad

Daily Dad

Society & Culture, Dads, Relationships, Parenting, Self-improvement, Kids & Family, Ryan Holiday, Wisdom, Education, Fatherhood

4.8602 Ratings

🗓️ 23 November 2020

⏱️ 3 minutes

🧾️ Download transcript

Summary

"You’re making good money. You’re saving. You’re investing. You’ve bought those personal finance books that tell you how to manage your finances. You’ve worked extra hard, taken risks, done everything you have to do to create a better life for your kids

Wonderful.

But is that really prioritizing the right thing?"

Ryan tells you what kind of legacy you should be focused on leaving your children on today's Daily Dad Podcast.

***

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Transcript

Click on a timestamp to play from that location

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.

0:33.2

This is where to put your effort.

0:36.2

You're making good money.

0:37.6

You're saving. You're saving.

0:38.3

You're investing.

0:39.5

You've bought those personal finance books that tell you how to manage your money.

0:43.5

You've worked extra hard, taken risks, done everything you have to do to create a better

0:48.1

life for your kids.

0:49.4

Maybe you've even taken some time to do estate planning so that what you have accumulated can be passed on with

0:56.0

minimal taxes and maximum efficiency for your family. Wonderful. But is it really prioritizing

1:02.5

the right thing? Parents will spend hours, billable hours with lawyers trying to design a trust

1:08.3

fund for their kids that doles out money slowly because they don't want to

1:11.8

corrupt their kids. They'll pour over the language in their will to minimize disputes between their

1:16.9

children and their surviving spouse. What they seem to forget is what they have the most control over

1:22.4

right now while they're alive, raising good children. Men, Socrates once asked,

1:29.8

whither is your course taking you who give all possible attention to the acquiring of money,

1:35.4

but give small thought to your sons whom you are to leave it? Look, you can spend all your time

1:41.8

and money trying to provide for your kids financially. You can focus on

1:45.6

creating a financial and legal legacy for them, or you can spend your time, your time with them today,

...

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