Reply to Generational wealth. What's behind the obsession?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don’t understand OPs question. If you work and live below your means, you accumulate wealth and pass it on. This is just simple math and not an obsession. Teach good hardworking values to your kids. 
Everyone should work, even if part-time. Gives you a sense of purpose, meaning, social outlet and keeps the mind sharp.

I no longer need to work for money even though I still have 2 kids who haven’t started college yet and I plan to pay for it. But I love my job in healthcare and love helping others. I would be depressed if I didn’t work.

3 generations from now, I have no idea if they’ll blow the money but that doesn’t mean I should blow it now. [/quote]

Where exactly do you find these satisfying part time jobs?  :lol:  Most part time work is in service sector where you are working for close to minimum wage and under the foot of of the supervisors and customers in your face. Not always pleasant or keeping your mind sharp. Driving uber or doing uber eats is a bit more pleasant if you like driving around and going places.  The rest if the jobs you make for yourself, and to get there, you usually have to invest a lot of years of hard full time work.  To grow some private practice, to establish yourself as a consultant, start a business where you don't have to show up every day, etc.  Most of it is hobby stuff anyway.  Reality of working for vast majority of people is grind. [/quote]

Well our kids know they can be a social worker/teacher/work at non profit/etc in an ears they love and know they don't have to worry about the lower incomes associated with those. They can choose a career they love and know they can have a higher lifestyle than it will normally afford.  Thereby allowing them to do what they love.[/quote]

But if you disinherited them or spent the money, they could be a product manager in FAANG  :lol: or a banker[/quote]

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