No next generation for which to build generational wealth

[Anonymous]

Donate it you greedy parasites.

[Anonymous]

Anonymous wrote:Donate it you greedy parasites.

+1 this is your opportunity to be philanthropist.

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP I think your question got buried here. It seems like you're focusing on the "sad I have no legacy" thing but in your comments it seems like you're actually asking if you can retire early.

Yes: with a 12m net worth, and financially independent parents and an adult child, you can retire early, provided your lifestyle is not so extravagant that you spend excessively.

OP here. Yes, I’ve been replying throughout the thread, but it seems people have misunderstood me. I have zero sadness about potentially not being a grandparent. I was simply wondering if it’s responsible of me to stop working at this point, and it sounds like it is!

No one has ever been responsible for their grandchildren.

[Anonymous]

Stop working but find a way to change the world for the positive, and not just donating some money - build something that lasts.

Do good.

[Anonymous]

I would use the opportunity to be more generous to individuals, like tipping a bunch more, supporting a family in need, contributing to a family/friend in some way.

[Anonymous]

OP, a side question to you - could you recommend the research scholarships that you daughter won ? Asking for my son who is similar

[Anonymous]

I would love a donation to help my mom pay her mortgage and add some funds to my kiddos college accounts which have about 1K each.

Having so much money and nothing to do with me is incomprehensible. You know that hypothetical question what would you do with 10k or 100k? I have an answer down to the cent and budgeted.

This type of money could make generations benefit even if not yours. Back to work I go so I can pay for food and childcare.

[Anonymous]

Anonymous wrote:Your daughter might change her mind about kids.

I don’t say that to pressure her or hold out false hope. It’s just that I remember so many friends from college and grad school who were adamantly child free and quite a few of them have decided to have children.

Your daughter is very young. Support her in her decisions, but don’t make life choices for YOU based on your daughter’s life plans at 18. That’s insane.

Okay, but how many people did you know in college who identified as asexual?

I feel like if you aren’t interested in sex or relationships at 20 years old, it’s fair to say that you probably won’t be.

[Anonymous]

Regardless of children why would you want to build "generational wealth"? Your kids will be better for making their own way in the world rather than knowing they have a handout coming to them.

[Anonymous]

Just enjoy life. Spend your money and tell DD she doesn’t get anything unless she has kids.

[Anonymous]

Or do what my old boss did. Between 2001 and 2016 he earned arond 20 million a year. he retired in 2016 at age of just 52. He invested it all very wisely in stocks. We were on wall street He was investing 95 percent of pay from 2011 to 2016 nearly all in stocks in his non profit he set up.

He build homes for the handicapped and speical needs. So far he build 300 homes His plan is to build 3,000 to 5,000 of them.

He has kids but giving them zero. And he keeps it secret mostly. .

[Anonymous]

OP here, confused why some posters 1) consider my family “greedy parasites” when I literally work in nonprofit and DD likely will as well, and/or 2) are suggesting I continue working for the sole purpose of giving our assets away to non-family members.

To be clear, I’m happy to donate what we’ve already accumulated since DD doesn’t want kids, but the above suggestions are LOL.

[Anonymous]

Anonymous wrote:Or do what my old boss did. Between 2001 and 2016 he earned arond 20 million a year. he retired in 2016 at age of just 52. He invested it all very wisely in stocks. We were on wall street He was investing 95 percent of pay from 2011 to 2016 nearly all in stocks in his non profit he set up.

He build homes for the handicapped and speical needs. So far he build 300 homes His plan is to build 3,000 to 5,000 of them.

He has kids but giving them zero. And he keeps it secret mostly. .

This sounds great. Happy to garner passive income and use it for philanthropy.

[Anonymous]

Anonymous wrote:OP here, confused why some posters 1) consider my family “greedy parasites” when I literally work in nonprofit and DD likely will as well, and/or 2) are suggesting I continue working for the sole purpose of giving our assets away to non-family members.

To be clear, I’m happy to donate what we’ve already accumulated since DD doesn’t want kids, but the above suggestions are LOL.

From each according to his ability, to each according to his needs.

[Anonymous]

Anonymous wrote:
OP here, confused why some posters 1) consider my family “greedy parasites” when I literally work in nonprofit and DD likely will as well, and/or 2) are suggesting I continue working for the sole purpose of giving our assets away to non-family members.

To be clear, I’m happy to donate what we’ve already accumulated since DD doesn’t want kids, but the above suggestions are LOL.

Do you have nieces and nephews? I have an uncle who funded housing for his nephews, one of whom has severe autism and lives in a group home. Yes, the group home benefits non-family members as well, but none of us live alone or do it alone in life. It was a true blessing to the parents of the child (they are not wealthy).