Home Forums Hunting & Shooting Hunter's Campfire Need to vent on generational wealth

The one who dies with the most toys, wins....

Just think of all the guns over your lifetime that you liked but didn't buy.

But you say, my safe is full. Maybe it's time to go shopping for a new safe, a really big one.

Gotta think outside the box, probably need a bigger box, anyway.

The one who dies with the most toys, wins....

DF

You guys are sweet.


In various other threads you/we bitch about the lazy no good younger generation who won't work and wants everything given to them.

By golly no one ever helped us and we turned out great.



Next thread comes around and we have to eat porridge and Ramen so we can give the kids everything they want because times are tough and little Johnny needs help and it's our duty to make sure our kids don't have to work as hard as us.


It gets hard to take the outrage seriously.

There’s no outrage. Just personal opinions, and personal choices. Yours may be different than mine on this matter. So be it.

You really need to find out how the tunnels to towers CEO who is the brother of a dead fireman became a multi millionaire. He won't disclose the info but he sure was not one before forming that "non profit".

The same scenario usually plays out with the majority of non profits. Even our beloved NRA and Billy and Franklin Graham

Rocket science eh?

I'm somewhat with you here.

Wife and I started off with a net-negative worth and in some decent debt. I only ever received a few thousand from an inheritance that bought us some furniture.

I watch people who have had the benefit of true generational wealth that utilize it well, and I realize the odds of me being able to achieve a position of wealth/comfort equivalent to them are pretty steep.

Like you said, even just providing the equivalent of a home to start off with is a huge bump for them.

But I have seen plenty of kids not utilize that inheritance well at all.

My wife and I are of the mind we would like to provide the kids a pretty decent jump start when it is our time. But the best thing we can do is what we are doing now. Forcing them to pay for their own college education. Expecting them to have a job and be working when they have time. Not blowing what little money they have on stupid BS stuff. Not spoiling them with new vehicles. Lavish holidays and vacations etc. Trying to set the foundation that when the time comes, if we are able to leave them something, they will use it to build and not float along in life. If that makes sense?

My kids aren't paupers by any means. We have helped them plenty. But that help came after expectations we laid out were met.

Apparently for you two it is.

Your kids seem to be pretty happy. You and their mother seem to be doin’ a very good job with em’. Keep after it. God love and bless ALL of y’all.