If you don't give your kid freedom to make choices with money, including stupid choices, he'll make plenty when he gets to college.
The Supreme Court told me that I should have filed a complaint within six months of the company's first decision to pay me less even though I didn't know about it for nearly two decades.
Some luck lies in not getting what you thought you wanted but getting what you have, which once you have got it you may be smart enough to see is what you would have wanted had you known.

