3 ms·

How do you reconcile that opinion with the usual "entrepreneurs started rich" story (Gates, Elon).

• bdangubic 2y ago
  to quote Shaq of all people, "I am rich, my kids are not rich." growing up in a wealthy family should not mean that you are starting rich (although of course one will be afforded many opportunity less affluent kids won't have). what I was trying to say is that I would never leave my kid bunch of material things (money, house(s)...). what I would do is help her starting a business (e.g. Bezos) and would always make sure she has roof over her head etc... but nothing more than that. I have a few personal experiences (family, friends) of kids getting things from their parent (we are not talking here gates/elon-type deals but plenty) where kids literally did nothing with their lives and have spent (still spending, in their late-30's, early-40's) their inheritance doing absolutely nothing. And it is not even a "good nothing" - volunteering, contributing to society with something they are passionate about... I think it is just recipe for disaster to leave your children enough such that they do not have to make their own way in this world