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Money and Finances
Reply to "When do you tell kids about family money?"
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[quote=Anonymous][quote=Anonymous]So much hoarding. Does no one ever spend a dime on things that bring joy or do you all just hoard so the next generation can hoard [/quote] We spend plenty on "things that bring joy". Own two homes, both worth $3M+ and both recently renovated (dont even ask how much that was), own 3 cars--most recent cost $95K, mostly travel Business class now and take 6-7 trips each year (most recent was 16 hour flight in business class---so about $8K roundtrip), gift the kids each $38K/year, also bought the recent college grad a new $40K vehicle, have about 1K bottles of wine and growing (yes we drink it, we also like adding more as we travel and explore) and the list goes on and on. Will spend even more once we are retired (in a year or so). Still will be leaving $5-10M for each kid possibly more (or giving the "more" away to more charities) [/quote]
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