Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "How much is considered generational wealth? "
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]My knee jerk reaction is $100m. You need at least enough to fund and operate a family office to have "generational wealth", IMO, which implies the ability to fund trusts in the family tree for more than one generation.[/quote] 100m doesn't even come close to generational wealth. 100m will bring in around 3m a year, in today's dollars, in perpetuity. Wealth means no one needs to work. Generational wealth means your children, grand children and great grandchildren never need to work. Assuming 2 children per generation, that means generational wealth needs to be able to support 2 adult children, 4 adult grandchildren and 8 adult great grandchildren all at the same time. That is 14 households or 200k per household per year.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
