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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][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] Then what is the point of making that much money if not to pass down to your kids and their kids? [/quote] After a certain point money is just a scorekeeper. We’ll have a very nice retirement and some good causes can benefit from whatever is left over. [/quote] But you don't feel the need to provide for your kids and grandkids? We are over $40M and our grandkids and future generations will have their education paid for, and home downpayment as well. plenty will go to charity, but their lives will also be supplemented [/quote]
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