/biz/ - Business & Finance

>>17082835
It's clear you're a fucking serf. So much of it is tied up in things I can't just readily 'sell' like your fucking patio furniture. I literally have to sit back, make suggestions on investments, and hope that my contracted advisers agree with me and then they'll unlock more. It's literally a contractual bullshit meme designed by dead family members that get me to prove I am not an idiot with a credit card.
To be fair though, it works. Here's a fun fact for you, 90% of families trust each other, the 10% are the ones that make generational contracts that make sure it doesn't get fucked up by one retard with a shrimp farming obsession.

>>17082835
This is why it's supreme importance to focus on legacy. I am a second generation of reasonable wealth where my parents made a few million. Unfortunately I grew up as a child quite poor as they hustled but since then enjoyed college tuition all paid and a free starter house.

Having said that frankly I still feel life is so difficult juggling a ft job will trying to make side business profitable with wife. I also hope to let my kids grow up with material goods, popularity, and overall self esteem which I lacked since my parents were so focused on the hustle. But this mentality may be what makes the third gen spoiled and broken.

>be random normie
>become rich for whatever reason
>marry hot low IQ gold digging trophy wife
>retards kids fuck up everything

Only real G's maintain generational wealth, this is why rich people are obsessed with good breeding and genetics

What is really interesting is that family fortunes come and go, but the families that get fortunes tend to be decended from successful families multiple generations ago. The did some study with sir names that showed a decent correlation going back hundreds of years, wealth or no wealth, class is heritible aparently. Unless you fuck it up like this anon points out >>17083284

>>17083172
>I grew up poor
>I got a free education and free house

Go fuck yourself. Most people are lucky to get a used car from their parents let alone a fucking house.

Yes, most families blow a windfall. Social class on the other hand is correlated but not directly tied to wealth.

>>17084303
Her parents could have been poor while she was young, but well off by the time she was an adult

>>17083345
Source on that study anon?

>>17084303
Did you not read anything he wrote?

>>17082835
>Have grandkids
MY LINKIES

Genes over everything

>>17082835
I think nothing of it because generational wealth implies that my wealth will outlive me. I will be dead. I passed the torches of life and riches and did my best to teach them to do the same. When I am gone they are on their own.

>>17084685
http://eprints.lse.ac.uk/54515/1/WP181%20revised.pdf

>>17082835
and then theres these fuckers

https://blogs.wsj.com/economics/2016/05/19/the-wealthy-in-florence-today-are-the-same-families-as-600-years-ago/

>>17082880
That feeling when your parents actually have a (small) trust and generation skipping trust set up, but one of the criteria to draw on it is to have kids.
Guess my brother is getting all the money this time.

>>17084303
My parents gave me a Mercedes Suv to drive when I was 19. It’s not our fault that you were born a peasant from subhuman genetics.

>tfw grew up poor
>tfw parents only gave me their old (used) 2014 Toyota Camry, college tuition + enough coin to live off of so I could focus on my "education".
>tfw boomer fucks spending all their money on trips to Europe and Thailand
>tfw they're going to leave me with nothing when they die

>>17082835
Fuck the next generation. When I'm finally dead I won't give a fuck what happens after that.

>>17082880
https://www.bing.com/search?q=bumi+rothchild

>>17084303
not our fault you're american