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Reply to "Tell me how much you have saved in your 401K at age 40."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]"Saving" money is vulgar. I have, however, created a series of income streams that will result in myself, my spouse, my children, my grandchildren, and my great grandchildren never having to work. I did this shortly after turning 39.[/quote] I don't understand this mentality. What's wrong with them working? What will they do instead? I bet they'll be using all that inherited wealth to snort blow and other drugs, and be partying alcoholics. I can't think of a worse legacy to leave.[/quote] Seriously! I'm watching it play out in my extended family. Uncle left a boatload to my cousin. She's responsible and continues to work, hasn't gone off the deep end with spending. But her son - omg. He's going to be up to his ears in hookers & blow as soon as he gets his share. He knows he's getting a pile of cash and is the biggest deadbeat I know IRL.[/quote]
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