Anonymous wrote:Generational wealth is incredible peace of mind. OP, you’ve got it wrong, once there’s generational wealth, the stress around money is gone. No one stresses over generational wealth.

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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.

Weird. Raised our kids differently. Might be a cultural thing.

So you raised your kids to not be friends with coworkers and their managers? And to be a robot and not discuss their lives at work?

Weird, because we raised our kids to be humans and interact with others. And that means discussing what you did last weekend and what trips you have planned, etc.

Anonymous wrote:Generational wealth is incredible peace of mind. OP, you’ve got it wrong, once there’s generational wealth, the stress around money is gone. No one stresses over generational wealth.

Anonymous wrote:The wsj says there are 470,000 families worth $30 million or more. And over $200,000 worth $50 million or more. Almost 100,000 with $100 million or more.

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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.

You havent looked at the data. Birth rates are falling for the poor, for people over 250K income, those who can accumulate wealth, birth rates are increasing.

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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.

Weird. Raised our kids differently. Might be a cultural thing.

So you raised your kids to not be friends with coworkers and their managers? And to be a robot and not discuss their lives at work?

Weird, because we raised our kids to be humans and interact with others. And that means discussing what you did last weekend and what trips you have planned, etc.

Anonymous wrote:

Anonymous wrote:

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.

So no vacations with a significant other or mates? That’s what he needs to spend his money on.

He also takes trips with friends and SO. Those we don't pay for and are in addition to trips with family.

However, most friends are still paying off college loans so trips are shorter weekend trips and rarely require more than 1-2 days off work. Most 26 yo are paying off student loans not traveling the world

Anonymous wrote:

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.

So no vacations with a significant other or mates? That’s what he needs to spend his money on.

Anonymous wrote:

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.

Weird. Raised our kids differently. Might be a cultural thing.

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.

You havent looked at the data. Birth rates are falling for the poor, for people over 250K income, those who can accumulate wealth, birth rates are increasing.

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:

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.