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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I am not obsessing over it, but it would give me joy to see my grandchildren have their college tuition paid for like I had mine paid for--by my grandparents.[/quote]

My dad wants to pay our kids tuition. Nope we are good. He will go to the local cheap state college which we can afford and he will take some student loans. [/quote]

Your Dad can not take it with him.  Why not have your kid graduate without debt.  It such a great way to start out.[/quote]
Stop this debt talk. Not PP, but my kid is going to local schools. They are so cheap that he is paying for them, because he works and he also had enough to open his Roth IRA. The kid is part of building generational wealth, but also self sufficiency.
It is too early to make the kids soft. Grandpa can leave the money when he passes. The little bit of student loans they mentioned, 
will do good.
The kid going to local school is a great start. Grandpa can relax.[/quote]

Using family money to pay for kids' education doesn't make kids soft.  Other things make kids soft.  Being able to focus 100% on undergrad and law or medical school puts them ahead of their peers, and starting out with a big law job or a medical practice and no debt puts them in a sweet spot to be self-sufficient and live a UMC or better life and set their own kids up for success.  Good luck to your kids on staying in the top 10% of their class and getting into law or medical school, and then staying in the top 10% of their law or medical school class to get the best jobs while also working their way through school. [/quote]

You Chinese or Indian?[/quote]

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