The money trap is hard to resist for some. I think we have done well to avoid. We have no life savings, only a $1,000 to our name, no house, no land and no worries. All we need is provided to us and nothing more. We just focus on working hard and living upright, and realize we have done the done most Asian thing by putting our hopes in our children. If they don't succeed, we will likely work til death. I have no problem with choosing my children as an investment over a private retirement/savings account. I trust them way more than those institutions anyways.