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Allison Ellsworth and her husband sold Poppi to Pepsi for $1.95 billion. They became centimillionaires.
Their kids (4, 7 and 9) found out and said: “So we’re rich.”
She told them: “Don’t be that kid at school. Nobody likes that kid. Be cool. Be kind.”
They opened Fidelity accounts for the kids and put $5,000 in each. The market dropped and they lost $65. The kids were shocked.
She says they have trusts, but the kids still have to earn it if they want more later.
In the video below she talks about how they explained the money to the kids.
Would you tell your children the full number, or keep it quiet so they don’t turn into “that kid”?
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I don’t like to be disappointed.
This is why I do things when I want and how I want on my own time.
