Generational Wealth

Apparently most (70%) wealthy families loose most of their wealth by the 2nd generation. Knowing this is It even worth leaving money behind for your family to enjoy or do you think you should just spend all the money you earn?

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Figures. Its easier to blow through cash if you didn't put the work in to earn it.

those two in the image are bitcoin core people

Well that is not so strange considering that the jews have made inheritance taxable in many countries.

Have you ever ingested only alcohol for a couple days after a fast and if so what were your shits like?

Multi generational trust

Plus this is a new phenomenon-the Boomers(real ones) are the first generation to leave less than they inherited.

Which is hilarious since jews (like the Rothchilds) built their empires in banking and media via keeping wealth and key management positions in the family and among themselves.

this has been known for centuries and should be no surprise to no one, other than socialists of course.

the answer that people found was to enshrine your wealth and power into the legal system itself. in the old days your family would become aristocrats, you were ENTITLED to a position of power regardless of whatever happened to your family over time.

nowadays you have trusts, which is a way of guaranteeing the money is not affected by the fortunes of individuals but protected by lawyers and such.

If those figures are true, then you are just better off spending like 80% of your wealth and leaving behind 20% for your family. They will most likely blow through it anyways, and the entire point of life is to experience things to the fullest. You can't do that if you are living frugally only to have your son, daughter, wife, etc. spend it all in a few hours to make themselves feel good. Then what do you have at the end of the day to show for it?

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>>spend it all and leave nothing for your offspring
this should be tattooed on every boomer’s back

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My accountant said its easy to get around the inheritance tax in America

this is the saddest photo on the internet

>Plus this is a new phenomenon-the Boomers(real ones) are the first generation to leave less than they inherited.
tfw it all went to China

It has never been a good idea to give your offspring money when they're young

Lucky to be in a well-off family but none of our (cousins and I) parents gave us anything more than access to good education and basic needs. Granddad did the same to them and I intend to continue the tradition

Wouldnt have been the same today if I had access to the inheritance in hs -
instead of actively searching, money wouldve been wasted to cope with my lack of direction and purpose

People treat inheritance like they've won the lotto. No respect for the sacrifice made, just blow it on dumb shit.

You should practice eugenics by selectively choosing a highly intelligent person to have children with to increase your chances that your children are also intelligent. Then teach them how to invest wisely enough such that they can at least maintain the wealth that you have left them. Even if your children end up with average intelligence they can still be taught to invest well enough that they don't destroy their inheritance.

Passing on generational wealth is all about good breeding and taking part in your children's education. It shouldn't come as too much surprise that this is somewhat uncommon.

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Private tutoring in basically how to rule vs dumbasses sending their kids to peasant schools.

How about just buy your family a bunch of cocaine to remember you by?

i'm 3rd generation wealth. Going to 10x-20x it ATLEAST.

Trust me, be a real g and leave some. Hedonism is dead.

You have to really teach your children how to save it and teach them to teach their kids the same

If you let your kids/grandkids know they are going to receive a huge inheritance check, they are going to become degenerate NEETs fighting over how much each is going to get.