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

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[quote=Anonymous][quote=Anonymous]It's not an obsession, it's a general frame of mind.

My family are European aristocrats (titles, castles, etc) and we have genealogical records that go back to the 10th century. It's always been impressed in the minds of new generations that you don't just think about yourself. You are one individual in the family line. Your job is to accept your family history (warts and all), raise your kids as best you can, try and sustain yourself economically and teach them that they, too, have to maintain financial stability. Castles are extremely expensive to maintain, and since they're full of family lore, no generation wants to be the one to let them go. Over more than a thousand years of our history, some generations have been extremely wealthy and successful, and some have been dirt poor. A lot of my relatives are now middle class. Cycles are inevitable and depend on world wars, economic recessions, changes in the tax system, etc.

The idea is not to accumulate and transmit wealth at all costs. It's to leave behind something worthwhile for future generations.

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Are you the French poster-because is so, I am so tired of hearing abt your castle! If not, don’t be like the French lady. [/quote]

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