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

Forum Index » Money and Finances

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][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.

[/quote]

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]

I enjoy hearing from the French lady.  Although I always wanted a medieval castle and she said I wouldn't like it in real life (different thread).

If meanies like you chase her away, that would make me mad.

I like hearing about castle lady stuff like her inherited cradle.

There was a French guy in my MBA class who had this kind of background.  He got married at his chateau.  He has to operate it as a tourist trap to keep it going.

My family had to sell our (now 150 year old) lakefront summer cottage in NY.  Family got too small and too middle class to have time to vacation there and pay the taxes.  I don't think my sister will ever recover from the psychic wound.

Enchantée de faire votre connaissance, "castle lady"![/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics