Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The problem with creating true generational wealth, $25M+, is that kids are not having kids anymore. With current fertility rates, if you have 2 kids there is a chance you get no grandkids and a good chance you will have no great grandkids….let alone 4-5-6 generations out.

The other issue is that all the driven/good future offspring will preserve or grow the money, but eventually you get a bad generation. And what happens is the least deserving wastes it all.

But isn’t part of the reason people aren’t having kids because they’re too expensive and hard to care for? I would presume money would help make it more feasible because they could outsource or a parent could stay home etc.

I gave my kids 5-6 reasons not to have children. They are well aware what made our lives difficult. It wasn't the kids being expensive or difficult and it wasn't the money.
I told them that I wish someone had reminded me that not having kids was an option. Both boys said they don't want any.

Umm WTF???

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There’s a line between being generous and providing too much. Some of the comments above sound good in theory but perhaps not so good in practice. Plenty of people in their 20s and 30s would have trouble getting out of bed in the morning if they knew that their every financial need will be met regardless of their work efforts. Most of the great artists didn’t come from wealthy backgrounds. Rather, they worked hard and pushed their creativity to support themselves.

You have to know your own kids. My 27 is still highly motivated. Uses our gifts to save more. They didn't want a "luxury" car because that just looks bad for someone their age in the work parking lot. Now their managers know they have parents with money--simply based on the trips they have taken in last 5 years since college graduation (that they have had to request vacation days for). But they don't know our kid flies in business class most of time when we pay or that we paid for their new car.

Kid is still highly motivated to do what they love. They just know they don't have to worry about taking risks.


But if you have an unmotivated kid then don't help them out if it's a deter at to hard work

I’m pretty sure your kid’s coworkers / boss doesn’t know you - their parents - have $ from them requesting PTO days unless your kid is also oversharing their travel plans.

We drop a crap ton on travel annually and nobody knows because we all keep it super high level / vague outside the family convos and we don’t post on socials.

Our kid's first 2 levels of management (bosses) know why they request vacation--they know they are taking 10-14 days trips to Europe/Luxury destinations with their family. They are friends with their TL (first level management) and discuss their trips, etc. In the 5 years of work, our kid has been on 10+ 2 week vacations with family.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The problem with creating true generational wealth, $25M+, is that kids are not having kids anymore. With current fertility rates, if you have 2 kids there is a chance you get no grandkids and a good chance you will have no great grandkids….let alone 4-5-6 generations out.

The other issue is that all the driven/good future offspring will preserve or grow the money, but eventually you get a bad generation. And what happens is the least deserving wastes it all.

But isn’t part of the reason people aren’t having kids because they’re too expensive and hard to care for? I would presume money would help make it more feasible because they could outsource or a parent could stay home etc.

I gave my kids 5-6 reasons not to have children. They are well aware what made our lives difficult. It wasn't the kids being expensive or difficult and it wasn't the money.
I told them that I wish someone had reminded me that not having kids was an option. Both boys said they don't want any.

Anonymous wrote:I'm trying to understand the obsession behind generational wealth. If your retirement is on target, your kids college education funded and you own a home then why are you obsessively stressing over the generation beyond your kids?

The problem with creating true generational wealth, $25M+, is that kids are not having kids anymore. With current fertility rates, if you have 2 kids there is a chance you get no grandkids and a good chance you will have no great grandkids….let alone 4-5-6 generations out.

The other issue is that all the driven/good future offspring will preserve or grow the money, but eventually you get a bad generation. And what happens is the least deserving wastes it all.

Anonymous wrote:

Anonymous wrote:The problem with creating true generational wealth, $25M+, is that kids are not having kids anymore. With current fertility rates, if you have 2 kids there is a chance you get no grandkids and a good chance you will have no great grandkids….let alone 4-5-6 generations out.

The other issue is that all the driven/good future offspring will preserve or grow the money, but eventually you get a bad generation. And what happens is the least deserving wastes it all.

But isn’t part of the reason people aren’t having kids because they’re too expensive and hard to care for? I would presume money would help make it more feasible because they could outsource or a parent could stay home etc.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There’s a line between being generous and providing too much. Some of the comments above sound good in theory but perhaps not so good in practice. Plenty of people in their 20s and 30s would have trouble getting out of bed in the morning if they knew that their every financial need will be met regardless of their work efforts. Most of the great artists didn’t come from wealthy backgrounds. Rather, they worked hard and pushed their creativity to support themselves.

You have to know your own kids. My 27 is still highly motivated. Uses our gifts to save more. They didn't want a "luxury" car because that just looks bad for someone their age in the work parking lot. Now their managers know they have parents with money--simply based on the trips they have taken in last 5 years since college graduation (that they have had to request vacation days for). But they don't know our kid flies in business class most of time when we pay or that we paid for their new car.

Kid is still highly motivated to do what they love. They just know they don't have to worry about taking risks.


But if you have an unmotivated kid then don't help them out if it's a deter at to hard work

I’m pretty sure your kid’s coworkers / boss doesn’t know you - their parents - have $ from them requesting PTO days unless your kid is also oversharing their travel plans.

We drop a crap ton on travel annually and nobody knows because we all keep it super high level / vague outside the family convos and we don’t post on socials.

Our kid's first 2 levels of management (bosses) know why they request vacation--they know they are taking 10-14 days trips to Europe/Luxury destinations with their family. They are friends with their TL (first level management) and discuss their trips, etc. In the 5 years of work, our kid has been on 10+ 2 week vacations with family.

Anonymous wrote:We all are searching for immortality.

Anonymous wrote:

Anonymous wrote:The problem with creating true generational wealth, $25M+, is that kids are not having kids anymore. With current fertility rates, if you have 2 kids there is a chance you get no grandkids and a good chance you will have no great grandkids….let alone 4-5-6 generations out.

The other issue is that all the driven/good future offspring will preserve or grow the money, but eventually you get a bad generation. And what happens is the least deserving wastes it all.

But isn’t part of the reason people aren’t having kids because they’re too expensive and hard to care for? I would presume money would help make it more feasible because they could outsource or a parent could stay home etc.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There’s a line between being generous and providing too much. Some of the comments above sound good in theory but perhaps not so good in practice. Plenty of people in their 20s and 30s would have trouble getting out of bed in the morning if they knew that their every financial need will be met regardless of their work efforts. Most of the great artists didn’t come from wealthy backgrounds. Rather, they worked hard and pushed their creativity to support themselves.

You have to know your own kids. My 27 is still highly motivated. Uses our gifts to save more. They didn't want a "luxury" car because that just looks bad for someone their age in the work parking lot. Now their managers know they have parents with money--simply based on the trips they have taken in last 5 years since college graduation (that they have had to request vacation days for). But they don't know our kid flies in business class most of time when we pay or that we paid for their new car.

Kid is still highly motivated to do what they love. They just know they don't have to worry about taking risks.


But if you have an unmotivated kid then don't help them out if it's a deter at to hard work

I’m pretty sure your kid’s coworkers / boss doesn’t know you - their parents - have $ from them requesting PTO days unless your kid is also oversharing their travel plans.

We drop a crap ton on travel annually and nobody knows because we all keep it super high level / vague outside the family convos and we don’t post on socials.

Anonymous wrote:The problem with creating true generational wealth, $25M+, is that kids are not having kids anymore. With current fertility rates, if you have 2 kids there is a chance you get no grandkids and a good chance you will have no great grandkids….let alone 4-5-6 generations out.

The other issue is that all the driven/good future offspring will preserve or grow the money, but eventually you get a bad generation. And what happens is the least deserving wastes it all.

Anonymous wrote:

Anonymous wrote:There’s a line between being generous and providing too much. Some of the comments above sound good in theory but perhaps not so good in practice. Plenty of people in their 20s and 30s would have trouble getting out of bed in the morning if they knew that their every financial need will be met regardless of their work efforts. Most of the great artists didn’t come from wealthy backgrounds. Rather, they worked hard and pushed their creativity to support themselves.

You have to know your own kids. My 27 is still highly motivated. Uses our gifts to save more. They didn't want a "luxury" car because that just looks bad for someone their age in the work parking lot. Now their managers know they have parents with money--simply based on the trips they have taken in last 5 years since college graduation (that they have had to request vacation days for). But they don't know our kid flies in business class most of time when we pay or that we paid for their new car.

Kid is still highly motivated to do what they love. They just know they don't have to worry about taking risks.


But if you have an unmotivated kid then don't help them out if it's a deter at to hard work