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“ I would love to buy a car , then spend the rest on buying a little farm with cows and chickens . It would bring me peace , because I love to be in nature ”
normal and not a liar ,” he says . “ Investing the other £ 40k into his education is a brilliant idea . It might help motivate him if he went to university at his own expense , and to graduate with no or little debt would give him a huge advantage .” While his daughter ’ s plans may sound more sensible , Chris was sceptical about the practicalities . “ To ‘ invest ’ for the future is well intentioned but means little ,” he says . “ Also , while her suggestion for starting a business shows aspiration , it seems premature when she is far away from having the resources to do this successfully – like a good business idea . “ An investment in property is rarely a bad decision , especially at such a young age . If she could find a way to use the money as a deposit for a house , sharing mortgage payments with her boyfriend , I would be very happy .” Abruptly bringing his daughter back down to earth , he adds : “ I would advise she protects her investment in the event of a separation .” Then there were the teenagers who thought outside the box . Grace says one of her friends would donate the money to a good cause , but wasn ’ t quite sure what , and would even consider starting her own charity . Meanwhile , Ellie ’ s friend Weronika , also 16 , says : “ I would love to buy a car , then spend the rest on buying a little farm with cows and chickens . It would bring me peace , because I love to be in nature . Most of that money would probably go on animal care .”
Unintended consequences Although most parents cherish the idea of giving their child a nest egg when they come of age , Grace worries it is not necessarily a “ win-win ” situation . Some of her friends admitted they weren ’ t responsible enough to be given a large amount of money and that it could potentially add to their stress levels when they had enough to worry about with exams . Others thought being exposed to a large amount of money could lull them into a false sense of security and mean they put off getting a job .
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