https://www.churchofjesuschrist.org/study/eng/general-conference/2017/10/do-we-trust-him-hard-is-good

Before this calling I was a financial consultant in Houston, Texas. Most of my work was with multimillionaires who owned their own businesses. Almost all of them had created their successful businesses from nothing through lots of hard work. The saddest thing for me was to hear some of them say that they wanted to make it easier for their children. They did not want their children to suffer as they had. In other words, they would deprive their children of the very thing that had made them successful.

By contrast, we know a family who took a different approach. The parents were inspired by J. C. Penney’s experience where his father told him when he turned eight years old that he was on his own financially. They came up with their own version: as their children graduated from high school, they were on their own financially—for further education (college, graduate school) and for their financial maintenance (truly self-reliant) (see D&C 83:4). Happily, the children reacted wisely. All of them are college graduates, and several also completed graduate school—all on their own. It wasn’t easy, but they did it. They did it with hard work and faith.