Economic Outpatient Care

20121225-135841.jpg EOC is defined in the last full sentence of the page. This resonates with me because my parents give my siblings and I nothing. No money, no gifts beyond wedding presents and other normal things. Is that good or not good? I don’t really know except that at age 45 I am grateful for the things that they did give us. A sense of belief in ourselves, counsel when we have questions, love and 25 billion other intangibles.

But money? Never. The reason: they didn’t have any. I’m sure it kills them that couldn’t provide us with more or better things but in our conversations today they are very pleased by how all of us turned out. In my experience this concept of EOC makes a person weak. In 100% of the people who I know that get EOC there is a lack of development – there’s no internally generated PUSH to make something happen. EOC retards potential in an otherwise highly gifted person.

Iin the last 10 years I have seen EOC recipients make a choice that they want independence and they have achieved incredible results.  In the end it’s a choice we all have to make, be dependent or independent.  Regardless of the choice we make, we have to make the right moves so that we don’t have unintended consequences on our kids.

2 questions that I would love to read comments on:
– Are you on EOC?
– Are your adult children on EOC?

By the way this is from a book I posted about last week.

5 thoughts on “Economic Outpatient Care

  1. I have never been a recipient of EOC. My dad worked for GM and my mom stayed home. They worked very hard to pay for me to get my bachelor’s degree, but when I decided to go to graduate school, I had to pay for it. They expected me to be independent. I have the same expectations for my girls. I want to pay for their education, but I expect them to be independent of me and CJ.

  2. I have never been an EOC recipient. My mom stayed at home and my dad worked for GM. They worked very hard to pay for me to get my bachelor’s degree, but when I went to graduate school, I had to pay for it. Their expectations were for me to be independent. I have the same expectations for my girls.

  3. Z, my grandparents were first generation Americans and put their heart and soul into building the American dream for their families. By all counts, they were successful. Their there children all graduated from ivy league schools and went on to have successful professional careers. My grandparents lived in a different climate and denied jobs because of their religion. When my grandfather was turned away from IBM, he created his own accounting firm. their vision and hard work created a financial legacy, and yes, I have received Financial gifts. In hindsite, I Wish I had The Wisdom to Invest it and never Treat it as income. Having an EOC allowed us to live a lifestyle that we had not earned and could not sustain. There has been a steep learning curve in learning to be financially independent, but I might as well now. Better late than never!

    • Dawn I don’t judge people who are on EOC, my observation is that I didn’t realize accepting EOC impacts what children learn. I don’t think your grandparents ever wanted anything but the best for their children and grandchildren but at the end of the day their spirit of entrepreneurialism disappeared with each successive generation, until now. You keep on keeping on and your results will make them proud. You have ALOT of your grandparents spirit in you.

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