I tell them it’s going to 100x by 2045, but they will have to make some changes.
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It’s a real problem and it’s one I think a lot about. There is a fine/ blurry line between leaving an inheritance and helping with the day to day grind.
My grandparents were wealthy, my parents not so much. For years I watched my parents struggle to raise four kids- they had to sell their home, drive shit cars, and work extra jobs to give us everything we wanted. I could never understand how my grand parents could sit by and let their kids and grand kids struggle.
Now, I think I kind of see their wisdom. My grandparents came from nothing and built their fortune with hard work and a shit ton of sacrifice.Nothing was given to them- a lesson everybody needs to learn.
The grandparents have passed, and now my parents are retired and living the good life. Maybe my grandparents always knew their kids would be alright in the end and they were just teaching them to be adults.
If you give people something for free, they will never respect it, or have problems asking for more.
All very easy to say over a conversation, totally different when your little brother or sisters calls you in a panic.