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

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[quote=Anonymous][quote=Anonymous]There’s a line between being generous and providing too much. Some of the comments above sound good in theory but perhaps not so good in practice. Plenty of people in their 20s and 30s would have trouble getting out of bed in the morning if they knew that their every financial need will be met regardless of their work efforts. Most of the great artists didn’t come from wealthy backgrounds. Rather, they worked hard and pushed their creativity to support themselves.

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You have to know your own kids.  My 27 is still highly motivated.  Uses our gifts to save more.  They didn't want a "luxury" car because that just looks bad for someone their age in the work parking lot.  Now their managers know they have parents with money--simply based on the trips they have taken in last 5 years since college graduation (that they have had to request vacation days for).  But they don't know our kid flies in business class most of time when we pay or that we paid for their new car.

Kid is still highly motivated to do what they love.  They just know they don't have to worry about taking risks.

But if you have an unmotivated kid then don't help them out if it's a deter at to hard work[/quote]

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