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After watching it all play out, I’d find it hard to have convinced this person to do that. They grew up in a world where debt wasn’t a thing that could send you
by withinboredom 5y ago
After watching it all play out, I’d find it hard to have convinced this person to do that. They grew up in a world where debt wasn’t a thing that could send you to poverty, rather a useful tool. When they inherited the land, there wasn’t much, if any debt. Today, most people have debt as a means of survival vs. a tool. This makes setting up a trust harder in their eyes because they might need the assets for more debt.
No idea how any of this works, just 2am shower thoughts.
- toss1 5y agoYup, convincing people of how it really works is often an insurmountable obstacle, especially when, as you pointed out, the world has massively changed within a lifetime (heck, even trying to figure out how it all works for ourselves is hard enough)...