How early do you teach your kids about real estate investing?

[Harrison Liu]

I remember when I bought my first rental properties the seller was an immigrant from Brazil. this was 2001 and he started investing in the 70s. He was building a cabin in the mountains and was liquidating his entire portfolio. I remember he told me real Estate is better than gold and you just hang on to it you will be doing very well. he was doing quite well at that time, he had tripled the price when he sold it to me. I asked him why he didn't give it to his kids. He said he tried but his kids wanted nothing to do with it. These were the second generation of immigrants. All they wanted were instant gratifications that doesn't involve any work. we the investors today will face the same challenge of teaching our kids about investing and they only have one parent not the rich dad and poor dad . So they can not compare and learn from it.