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Dec 8, 2021
3:54
:15
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Shore10
All-American
I think it only "ruins" some personalities. Materially, they're doing great.
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Shore10
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Shore10
Joined
Oct 26, 2009
Last login
May 17, 2024
Total posts
14,824 (138 FO)
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Messages
Author
Time
I'm pretty surprised by this linked thread. Why do you think rich people continue to give their kids so much money? If
HarlemCoug
Free to change my mind
12/7/21 11:56pm
Parents do a lot of dumb things that they think help their kids…
CoastalCoug
12/8/21 12:03am
Perhaps the way in which trust fund kids are “ruined” isn’t easily noticeable
BYUCLA
12/8/21 12:06am
What percentage of rich parents don't teach their kids about humility and hard work? I'm wondering if what's happening
HarlemCoug
12/8/21 12:13am
I’m worried about it for my own kids and I’m not that rich
BYUCLA
12/8/21 12:28am
I used to sit in on some succession planning for some of my clients.
Superman21
12/8/21 1:20pm
Note that I like your point about the word "ruined" ... maybe it's not the best word... obviously there's a big
HarlemCoug
12/8/21 12:18am
A pretty depressing thing as I've worked with our financial planner is that if I follow the plan, take my allotments,
ChinaFan
12/8/21 12:46am
It’s easy to say you wouldn’t pass on generational wealth when you don’t have
garyfan
12/8/21 12:49am
yes, I have no doubt at all if I had a consistent flow of funds, that I would have gone to school for years
ChinaFan
12/8/21 12:53am
I think it only "ruins" some personalities. Materially, they're doing great.
Shore10
12/8/21 3:54am
The generational wealth class aren’t usually the most self aware
stoils
12/8/21 5:56am
There is some truth here
Iman23
12/8/21 7:49am
Do you know a lot of these people?
justAnotherCoug
12/8/21 8:09am
I see so many messed up people without money that if I see a messed up person with money it’s hard to blame the money
Odysseus
12/8/21 7:24am
Lot bizarre takes here. The rich know more than the posters on this thread.
valleus
12/8/21 7:51am
It can provide an enormous leg up in so many ways
justAnotherCoug
12/8/21 8:15am
*Can be. Unless having all your needs and wants met means that you never have to
hardcorecoug
12/8/21 8:48am
Sadly I have seen that enough money means you get to keep rolling the dice
justAnotherCoug
12/8/21 11:39am
I think what you mean is children of wealthy people becoming self-sufficient
hardcorecoug
12/8/21 12:07pm
My experience with trust funders is that many of their parents misunderstand
BlooCoog
12/8/21 8:20am
I don't think anyone wants to be seen as inequitable.
justAnotherCoug
12/8/21 8:28am
I just wonder if there are better ways to do it. For example, instead of giving
BlooCoog
12/8/21 8:32am
I've seen some of that in my family
justAnotherCoug
12/8/21 8:50am
Interesting. The house owned by the trust sounds like a brilliant idea. Everyone
BlooCoog
12/8/21 9:00am
I had a coworker who was a trust fund kid, he got $400k each year BUT he had
BYU Grounds
12/8/21 8:54am
This is the right approach. No free money without strings attached.
BlooCoog
12/8/21 9:52am
It's pretty rare for kids to get money with no strings. right? I think that's a lesson that
HarlemCoug
12/8/21 10:26am
Unless there's a pandemic then it's for adults.
Soupie
12/8/21 10:29am
My own view is that "help" could be defined very differently for some.
Socrates Johnson
12/8/21 10:52am
I think this is true
justAnotherCoug
12/8/21 11:48am
Random breakdown of some trust fund recipients i know...
Shore10
12/8/21 11:57am
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