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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm trying to understand the obsession behind generational wealth. If your retirement is on target, your kids college education funded and you own a home then why are you obsessively stressing over the generation beyond your kids?[/quote]

I'm not obsessed, but there is only SO MUCH money I can spend.  As we have gotten older our expenses are less and less.  I do not get joy from buying things. At 48 I have the furntiure I need, I only gain and lose the same 10lbs so my clothes fit, we only travel with 3 often just 2 of us, and we are sitting at a very low interest rate and payment for a house that is now probably too big for us. I'm not going to just spend money becuase we have it.  We just have a bunch of money left over each month and continue to dump into the market and occasionally buy a rental property when the right deal pops up.

I'm not looking to leave my kids money, I'm looking to give it to them when they need it most when they are starting their own adult lives.[/quote]

You are a minority.  Most people love to spend to get more luxuries and the sky is the limit.  We would not have immense greed we have now with people accumulating insane wealth and still not wanting to pay more taxes if people were like you.  I could find lots of ways to spend, there is always a problem to tackle, a service to outsource, improvement to be made beyond furniture  :lol:   A nicer car, a nicer vacation in a nicer resort, 1st class travel, spa visits, nicer gym membership, home improvements (unless it's already perfect, but somehow people buying multimillion dollar homes always get work done), 2nd/3rd home that are always money pits, etc.   :lol:   There is a level of wealth where all this is no longer aspirational and is a given.  But I highly doubt you are at this level of wealth. [/quote]

we own a lot of properties and when we travel we travel well. I have no tolerance anymore for construction in my home (Its too disruptive) and I live in a home i love. I just don’t think you are much exposed to people who aren’t class obsessed and who are comfortable and secure in themselves. I promise you not everyone with money is how you imagine.  I no longer want to be surrounded by clutter and things. compulsive spending just doesn’t  feel good. [/quote]

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