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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Generational wealth here. I think key is not to touch the principal and have good investing strategy.  We definitely do not make enough to add to the pot (make high six figures through our professional careers) but key is not to actually spend any of the inherited wealth and only spend the interest, if at all. Get good lawyers, FAs and accountants.[/quote]

I’m also in the generational wealth camp and I’ve never understood this “don’t spend the principal” thing. What do you even count as principal? Why would interest or dividends be in a different category than other gains?

I agree to have good professionals but imo you need to think a lot harder than “don’t touch the principal.”[/quote]

Different poster here. What part don't you understand? I have 20M in the stock market. I use the dividends to pay for living expenses. If I start selling stocks, then I won't have as many dividends, right? That would be stupid, correct? It would be wiser for me to get a higher-paying job, or cut my budget, so that my source of wealth isn't eroded. You never kill the goose with the golden eggs.

Sometimes you do need to invest differently, switch industries, liquidate in troublesome times, etc. But the idea is to always plow it back in, so you money can continue to work for you.[/quote]

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