“Starting a business” sounds like “blowing the money on stuff I want”.
Yep.
I worked with a man whose son got a settlement for a terrible car accident he was in when a drunk driver plowed into him. ($5-600,000-ish?) He and his wife put it in some kind of trust so that by the time their son was in his 30s or 40s, he could retire and live off of the money- monthly stipend per month, enough for a house and could cover any education. Kid turned 18 several years later, went to court to get his money and it was gone in less than 2 years. He and his beer buddies lived high off the hog and now the kid is struggling to work with his injuries.
Kids are dumb. (except for everyone’s here - they are precious angels.)