Dec 7, 2021
12:00:43pm
12:00:43pm
I get that it’s appealing to have all your needs and wants taken care of and not have worry about grinding thru life sacrificing and skimping.
But Why would you want to turn your kids into Uber wealthy, spoiled brats who don’t need to work in life? Hard work isn’t just a means to an end of no work—it is the means to a stronger, more humble person. If you skip the process, you skip what is needed for your child’s development.
Generational wealth causes more issues than it solves. The Millionaire Next Door is 20+ years old now but has great research on how leaving more than >~$10k+ to a child harms their outcomes.
But Why would you want to turn your kids into Uber wealthy, spoiled brats who don’t need to work in life? Hard work isn’t just a means to an end of no work—it is the means to a stronger, more humble person. If you skip the process, you skip what is needed for your child’s development.
Generational wealth causes more issues than it solves. The Millionaire Next Door is 20+ years old now but has great research on how leaving more than >~$10k+ to a child harms their outcomes.
- Bio page
- D.T. Survivor
- Joined
- Mar 30, 2017
- Last login
- Apr 23, 2024
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- 10,187 (19 FO)
Children:
I'm pretty surprised by this linked thread. Why do you think rich people continue to give their kids so much money? If (HarlemCoug, Dec 7, 2021 at 11:56pm)
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Is it the money or the network and know how? (Y05, Dec 8, 2021 at 5:02am)
POLL: What percentage of trust fund kids who inherit more than $1M before they are 35 yrs old are negatively impacted overall by the money and would have been better off without it? (HarlemCoug, Dec 7, 2021 at 11:58pm)
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12/7/21 12:39pm
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This line makes a lot of assumptions: “But Why would you want to turn your kids into Uber wealthy, spoiled brats who
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