Reply to How much is considered generational wealth?

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[quote=Anonymous][quote=Anonymous]In my opinion, if it can easily be spent on basic necessities within a generation, then it's not generational wealth. My parents are leaving ~1 million for grandkids college and another million to my brother and I. Welp that will be more than gone as soon as they hit college and will just help me pay off my house a little faster. Even with 10 million, that would be gone by the next generation considering all the grandkids and great grandkids. Not even enough to accumulate interest. 100 million yes you are getting to a point where it works because assume a ~5% return just living off that, you're drawing $5 million a year and then you can start supporting a good lifestyle for multiple families[/quote]

It’s only gone if you blow it on dumb stuff. If you use it to may for things now and have more money later, then it’s not gone. If you live within your means and don’t retire early, you can use money now to set up opportunities that create even more money later. Money spent on kids going to college debt free sets them up to build wealth. [/quote]

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