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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I never set out to be wealthy. My goal was to be a respected professional, which I was. I get far more satisfaction from my professional success than my wealth. Not even close. I want the same personal success for my kids, and they’re achieving it. When you look back on your life, family, friends and achievement and success in your work are far more important than a bank account. [/quote]

What do you mean by the “same personal success?” Two of my closest friends are wonderful people with unconventional careers. One is a boom/bust entrepreneur (who does great financially overall but would put it all on the line for a dream) and the other is an artist who lives happily within their means. Both have very strained relationships with parents who pushed them towards rigid career paths. [/quote]

And for those of us with money, our kids know they can choose whatever path suites them the best.  It's easier to be an artist or social worker or something that doesn't pay extremely well when you know you have financial backing to live well AND do what you love.  If you have the means, why wouldn't you encourage your kids to be who they want to be?  We need more motivated and successful people in those areas....areas that many avoid because of the lower pay and stress of it
[/quote]

All successful artists (music, acting, painting, etc) have incredible work ethic.

If my kid doesn’t have that then no way in financially support it.

Too many wealthy fake DJs and similar fake artists who really don’t do anything but party and spend their parents’ money.

It’s how the generational wealth gets lost in one generation.[/quote]

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