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[quote=Anonymous][quote]We have 3 kids, school age and are in our mid to late 40s. We have a net worth of a bit under $40M, all self earned. I would not call that generational wealth. I think you would need hundreds of millions to be generational. [/quote] I think this sounds out of touch. We have a lot but less than that, and I think it could definitely be generational wealth for our family because we have already or intend to pay for college and grad school, help with down payments, give annual gifts and seed grandkids' college funds. This has or will not only pave the way for our kids, but for the next generation as well (both directly and indirectly). Certainly generational wealth does not require "hundreds of millions."[/quote]
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