Reply to People with $5M+ NW, why do you still choose to work?

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[quote=Anonymous][quote=Anonymous]I think it’s weird that so many are working for generational wealth. Future generations will not know you or care about you, and your money will be gone quicker than you can imagine.

Not trying to be a jerk, but every wealth study shows that large inheritances are quickly separated and spent by indulged kids who didn’t work for the money, don’t understand how to make it, and feel undermined by it.

Think about it: if most people work because it’s a necessity and later because they’re good at something, a big inheritance just stops many from even trying.

This isn’t to say that you can’t help your kids, but doing everything for them and your grandchildren before they even try isn’t really a gift; it’s about you showing them how great you are. [/quote]

For us “generational wealth” just means downpayments for our kids (we are aiming for $250k each) and complete college funds for our grandchildren. Everyone will still need to work, and they know it. They will inherit the rest in their 60’s assuming at least DH or I live an average life expectancy. [/quote]

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