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Reply to "Generational wealth. What's behind the obsession?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Im glad I wasn’t given generational wealth. Having to make my own way has forced me to plan and work hard. If I knew I was going to come into big money I doubt I would’ve led the life I’ve led, which has been very fulfilling. [/quote] I think you would be the same person. We knew we didn’t have to save for retirement or the kids’ educations but that doesn’t mean we slacked off, we didn’t. [/quote] +1 OUr kids know they get (and will get ) plenty to ensure they have a nice life. They won't have to save for retirement or college for their kids, etc. However, they both have great careers, do save for retirement (35+ years of tax free growth would be stupid to not take advantage of). They also live largely within their means. Only thing different is they can relax knowing that finances are not a stressor, we can always help out. This means they take more risks and are simply less stressed. [/quote]
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