The Power of Compound Interest

15% annual return, doubling in 5 years, 15 years is 8 times. 1 million becomes 8 million. After another 15 years, 64 million.
A student from a 211 university, as long as they can get started and understand, by age 30, they can accumulate 1 million as principal. Most likely, they can retire/full-time live off by age 50.
Even with a 10% annual return, doubling in 7 years, quadrupling in 30 years, 1 million becomes 16 million after 30 years. That’s more than 99% of peers graduating from 985 universities.
Don’t buy a house for your kids. Just give them 1 million at age 30, along with a set of value investing books, such as Buffett’s Complete Investment Works and Duan Yongping’s Collection. They can live a very good life this way.