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wasting money is a valuable lesson, too

Yes, but in my case it didn't sink in for ten or fifteen years.

let them decide wth to do (travel, start a business, buy/keep the bitcoin, go to college).

I'm not quite at the stage where kids are going off to college, but a lot of people around me are, and I'm being frequently reminded that "let them decide" requires a proactive approach that lays a lot of groundwork.

this territory is moderated

True true, need to have raised them well

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