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