Reply to $7M vs $10M

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Reply to "$7M vs $10M"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I retired at 53 with a 4.5 million net worth.  Nine years later my net worth is 7.5 million and I’m living large.  But hey you all keep telling yourselves that ain’t enough money.  It’s cool - you’ll live forever I’m sure.  Have fun with all your money sitting around in diapers in your 80s and 90s![/quote]

My money is not mine. It's for future generations. If you don't care about building generational wealth, then sure, spend it all, or give it away.[/quote]

Yeah, if you feel that the purpose of your life is to leave money for your kids then have at it.  I’d bet they rather you leave them a little less and enjoy your life a little more though.  And spend more time with them while you’re at it. [/quote]

I stay home, so I do! We have a great time. Actually the plan is to gift them a little money as needed throughout their lives, while teaching them that the bulk of the wealth should be transmitted whole. Dividends fund a lot of our lifestyle, which is why there is no need to touch the capital. We lack for nothing.[/quote]

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