Generational wealth is not necessarily a good thing.

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Dec 7, 2021
12:24:54am

ManicBlue Truly Addicted User

This message has been modified

Originally posted on Dec 7, 2021 at 12:24:54am

Message modified by ManicBlue on Dec 7, 2021 at 12:25:10am

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ManicBlue

Bio page: ManicBlue
Joined: Jan 10, 2005
Last login: May 26, 2024
Total posts: 48,825 (916 FO)

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Messages

Author

Time

The lifestyle you can live on $3mm in Utah is not much different than the life

Jersey hunter

12/7/21 12:03am

Well then I hope we pay him $3M and give him some increased program control.

WP17

12/7/21 12:04am

He will get paid - program control is best left to others IMO

Jersey hunter

12/7/21 12:08am

Right…But they made him use Ty Detmer as OC.

Honor Code

12/7/21 8:19am

They will pay him more than that

JOPE

12/7/21 12:09am

They will but maybe not next year - certainly by 2023

Jersey hunter

12/7/21 12:10am

The bulk of his salary does not come from the athletic budget

JOPE

12/7/21 12:12am

Coaches circle can’t make up that difference - it will come from increase in AD

Jersey hunter

12/7/21 12:16am

What if I told you the coaches circle will have what it needs?

kapcreations

12/7/21 6:43am

I hope you’re right

Jersey hunter

12/7/21 7:04am

The generational wealth that you can obtain by making $8M/yr is notably different than what you can do with $3M.

unctoothman

12/7/21 12:23am

Generational wealth is not necessarily a good thing.

ManicBlue

12/7/21 12:24am

How much do you love your employer? If you could take the exact same job, perhaps with even fewer sticking points, and

unctoothman

12/7/21 12:29am

99.9% of people don't make the kind of money Kalani makes. Also, there are some

ManicBlue

12/7/21 12:54am

I think your 99.9% number is high for people in Kalani’s income range.

Colorado

12/7/21 5:11am

Depends if my employer likely was going to fire me in 2-3 years vs 10-20 years

cougfanz

12/7/21 5:56am

I pray every day to be burdened with generational wealth

RenoCoug

12/7/21 12:39am

Lay that generational wealth on me. I'll let you know when I can't take anymore

Mountain Rat

12/7/21 12:48am

Yeah, let's stay poor so we don't spoil the kids...

reddead

12/7/21 2:33am

Poor? We're talking millions. Please keep up.

Division Bell

12/7/21 4:46am

Well in that case, aren't the kids already spoiled?

reddead

12/7/21 11:52am

um ... not the point really

ManicBlue

12/7/21 1:55pm

Exactly. Large inheritances frequently tear families apart.

BYU002

12/7/21 9:47am

Agreed. This "friends and family" treatment should cut both ways

reddead

12/7/21 2:32am

For all those interested in having generational wealth, if you sign up for my

sah22

12/7/21 6:55am

Every time a post like this comes up I remember what Brigham Young (yeah, the

King of Y

12/7/21 11:32am

Good thing that the millions Kalani is making at present aren't all that much...

reddead

12/7/21 12:01pm

The lifestyle you can have ANYWHERE is very different making the $3m-8m jump

reddead

12/7/21 2:46am

Why would you ever want your kids to not work? Making enough that your kids thin

cougsareforreal

12/7/21 5:18am

Exactly

RUNBYU1

12/7/21 9:45am

Fine. Then spend it on yourself or give it away. Regardless, $8m is a lot better

reddead

12/7/21 11:49am

Better helicopters and boats.

sah22

12/7/21 6:56am

You sold me on being able to lease a private jet, not have my kids work,

D.T. Survivor

12/7/21 11:51am

I agree. Also factor in the likely duration of those years even if the first

cougfanz

12/7/21 6:00am

Speaking from personal experience:

byubyu

12/7/21 6:16am

There does come a point where marginal utility diminishes

CougieMcCougFace

12/7/21 7:18am

Think of all that extra tithing he could give to the church. A great service.

dave

12/7/21 7:47am

When you make that kind of money it isn't about how

PointEmblems

12/7/21 8:06am

Mario Christobal was only getting 4.6 million and he won back to back

Gorum the Old

12/7/21 8:41am

Right. They are all 1%ers. Going from $125k to $300k is far more impactful on

Forzaitalia

12/7/21 8:51am

Two things the scriptures don't encourage seeking: Fame, Extraordinary Wealth.

HenderCoug

12/7/21 10:03am

Nope. A $40 Mil contract at Oregon is generational money.

jimmything

12/7/21 11:45am

It is but it won't impact lifestyle enormously, which was the point. For example

Forzaitalia

12/7/21 11:57am

Yes. And if that doesn't move the needle, how about a private jet or a yacht?

reddead

12/7/21 12:12pm

You can always spend more. I know plenty of people with 2 or 3 homes who make

Forzaitalia

12/7/21 4:47pm

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