 Ken’s father died when Ken was 17. He had separated from Ken’s mother 3 years earlier. His Will left everything to Ken at age 20. The estate amounted to $460,000. When Ken learnt of his inheritance, he lost interest in his studies. His final school exams suffered and he never considered university. He felt that with $460,000 behind him he would never have to work again. He no longer listened to his mother. All he had to do was wait. By the time Ken turned 27 all but $4,000 was gone – spent on travel, friends and cars. Rather than helping his son, Ken funded a lifestyle that ultimately did much more harm than good.
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