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Why do you feel it is bad advice for people with children?

• rifung 12y ago
  I imagine it's because you need to save for your kids to go to school, college, and to generally ensure their well being, and those things have a pretty set timeline. That being the case, taking the risks of pouring all your money into creative endeavors doesn't appear to be a particularly responsible thing to do as a parent. Of course, there's a balance to be had.
  • fulafel 12y ago
    Lots of places have free education and healthcare. Even the US seems to be be slowly approaching the western median safety net level there with the path started by Obamacare and plummeting bang for buck of college education... Increased risk tolerance helps on many fronts.
    • wtbob 12y ago
      Even with free education, food and healthcare, the parents who save more resources for their children will do better for them than those who don't.
    • rifung 12y ago
      I'm from the US so I can only comment on the situation here, but the reality is that despite public education being free till college, it is for the most part terrible. So, if you want your kids to get a proper education you'll either have to pay for a good school or get a house in a nice neighborhood; both things which require one to constantly be paying a substantial amount of money, whether it be for the mortgage, taxes, or tuition.