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Reply to "Generational wealth. What's behind the obsession?"
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[quote=Anonymous][quote=Anonymous]There is something extraordinary about knowing your basic needs will be met regardless of your employment. The freedom to quit a job you hate or take a job you love that does not pay as much is a true gift.[/quote] How does this build wealth for the generation after you unless your definition of generational wealth is like $100MM+ and just the income on the principal is enough to provide what you describe. The reason most generational wealth is gone after 3 generations is that it gets divided among too many heirs and the heirs don’t feel an obligation to grow the pot. Obviously, if the wealth is hundreds of millions or billions, that’s a different story.[/quote]
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