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Money and Finances
Reply to "If you are rich, not just upper middle class"
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[quote=Anonymous][quote=Anonymous]I mean wealthy as in mutiple 8 figures even 9 figures. Do you care if your children work? Or how much they work? Or are you ok with straight out funding them?[/quote] The key to family wealth is to make the next gen understand how nothing comes easy in this life without hard work. Of course they have to work how would they be productive members of society? Reading a paycheck, paying your own taxes, healthcare, how much you make a hour , how do you commute, how much do groceries cost etc they need life skills. Did my children have a leg up of course they did. They all worked in HS because they wanted to. They all worked in college because they wanted to. They lived in crappy first apartments after they graduated and got their first jobs etc.. When we die they will get out monies because of what is going on in the US now. We have redone our trusts and they get money every ten years. They also have prenups with all their partners. [/quote]
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