Personal anecdote: when I was 10 or so, a relative passed away and all children in the family inherited around 20k each. It was put into a fund. I think I got

Personal anecdote: when I was 10 or so, a relative passed away and all children in the family inherited around 20k each. It was put into a fund. I think I got full authority over my share at 16 or so. It always felt like I was rich — that was a lot of money for a child to “own“. I have never touched it to this day, only ever adding savings to it, but it gave me a lot of peace of mind to know that I could, if I ever needed to. So, ultimately, it wouldn’t have mattered if I ever had it, or it was just a made up number on some paper; I am certain it fundamentally influenced my life in very positive ways. Another trait about money that I inherited is all generations in my family since and including my grandparents never had any debt. Being in debt even just for a short period would totally stress me out. I only ever buy what I can afford to without credit.