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Money and Finances
Reply to "How Much of an Inheritance is Too Much for Kids"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Enough to do anything they want with their lives. Not so much that they can do nothing.[/quote] This is the truest statement. So the answer, Op, is $2-3m. They would still need to work - but could live incredibly well even on a teacher or hairdresser's salary if that's the field they chose. More than $5 million and believe me, they will do nothing. My most worthless manchild cousins are the ones who received $10M -- unemployed, not involved in the community, and still cry to mommy for more. [/quote] Thank your giving thoughtful feedback. But how do I discourage them from taking a low paying job and making up for it with the inheritance. If they are not capable of working in a higher paying jobs it’s fine, but I don’t want a lazy smart kid to rely on the money. [/quote]
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