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Money and Finances
Reply to "If you are rich, not just upper middle class"
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[quote=Anonymous][quote=Anonymous]Our net worth is approaching $40M. Kids in middle and high school. Yes, I expect them to work and they’ve always known that. I’ve also been clear that they should not expect to inherit the lions share of our wealth. We’ll cover them through school but I’m not certain they’ll get anything after that and they know that too. That much money was not meant to be inherited. [/quote] Charities are a scam. A vanishingly small percentage of money flows to the source of the problem the staff is trying to solve. That's why they're still in business - they never solve the problem. Look at the compensation for CEOs of major charities and see if you can justify giving money to that instead of funding a generational trust for your family. You're funding strangers' inflated lifestyles instead of your children's. [/quote]
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