/biz/ - Business & Finance

>>56563776
But does he expect his children to still love him?

>Andrew Lisa

If you act like this why even have kids?
They take away your financial resources and you clearly don't care about them being well off, it sounds more like you had kids because you think society expected you to

>>56563776
If I were rich I'd gave my children live somewhat frugally before they're 25 so that they can appreciate fully what luxury actually is.
Spoiling a child is doing a disservice, robs them of being able to enjoy the simple things in life and enduring hardship

>>56563805
It's propaganda, you really think millionaires are having their kids work as janitors and burger flippers?

>>56563776
This point is completely moot anyway.
People used to die around 60-65 you could inherit at 40-45 or even in your mid 30s which would help you to buy another house and increase your income.

Now these days boomers will live up to 90, Millenials probably up to 100 so if you inherit you will be what? 70? Your life is already behind you.

>>56563776
My grandparents did this. Father blasted their ashes out with a potato cannon. Took my dad 27 years to pay off student loans.

>>56563805
why do browns have kids? after all your genetic quality is your only true form of wealth.
the answer is people don't care about the long term future.

>>56563910
based

>>56563776
>Hard work will always pay off in the end.
2 feet good, 4 feet bad.

>>56563805
You should be grateful your mother gave birth to you. Imagine her sacrificing her life to carry you for 9 months for you to behave like this.
Shame on you millenials & zoomers

>>56563776
Daily reminder: rich are liars. It’s hard odes into their behavior and habits. They rich made a “charity”/foundation/corporation/insert some bs business and gave that business all the money. Them they put their kids as ceo/big boss of the business. That way the rich assholes can say bullshit crap like “yeah I’m giving all my money away to charity” and stupid yeets who just look superficially will worship him. Not only do they put their kids as head of the business, these businesses are always depopulation programs.

>>56563805
>because you think society expected you to
the entirety of normgroid existence boiled down to 7 words.

>>56563776
I wish people like this would be like the dude who had a hard-on for work and got all of the welfare laws changed to force people to look for jobs and take the first one offered even if it was shit even though every study shows that workers who get training after losing their job instead find work faster and stay employed longer. Impose your stupid mindset on society so that no one gets a private inheritance, everyone gets a level playing field as far as cash is concerned. Instead he just fucks over his own kids knowing that the game is rigged towards people with capital. Lazy.

>>56563789
Fpbp

>>56563813
this. remember 99% of this board are poorfags who are complete children of this world (ie. the devil).
their unending lust for money is the root cause of their poverty.
money will ruin children. I know the children of 100+m and most are drug addicts and generally horrible people. all of them severely depressed...why? because their fathers money has robbed them of any ambition to participate at all in life.
the disgusting "buy lambo / nigger-rich poorfags" of this board cant understand this. they are untouchables and their disgusting eyes should never look at a real child of the light because their filth could hurt a real child.

>>56563818
i actually read a tweet from a quant who said exactly that. he wont give his fortune to his kid because inheritance is unfair for others. of course he'll still pay for a good uni education but that's it

>>56563946
>he thinks getting creampied and impregnated by some retard is admirable
Faggot

>>56563818

It's grifters looking for senile boomers who may decide to give their assets and bank account to some save the world foundation scam.

Before the internet was widely used, there were door to door or cold call scammers always looking to talk to boomer's parents about "investing" their life savings and assets into something scammy.

Adopt a whale, feed some poor people, triple your savings!

>>56563776
What a dumbass. He fell for that scam.

>Amass megafortune
>start shitting bricks realizing how much the govt will take upon your death
>set up charitable trust instead
>make your kids trustees to the trust, meaning they get access to your money without a peaky "estate tax"
>massive wealth transfer to your kids, Tax Free, AND you get to Virtue signal what a humanitarian you are

Meanwhile this dummy is bragging about making his kids yet more dumb cattle for the labor machine.

>no 1 reason not passing the generational wealth to the kids
>not having the generational wealth at the first place

>>56563931
Browns take care of their kids though, my parents sacrificed alot for me.

>>56563776
Total boomer death

>>56563776
>yes goy! leave nothing to your children, give everything to me!
>your children can come out of wageslavery without your help, and if they don't, then they weren't worthy!
>give your generational wealth to me instead, goy!
>good goy!

>>56564116
>pursues the most goyish of careers
>follows the most goyish of beliefs
checks out.

>>56563776
Just make a blind trust you never tell them about that doesn't pay them until they're 30 or you're dead whichever comes first. That way you can still do nice things for your kids but they're not coasting through life totally aimless and purposeless and actually have to put the work in to be a good person that has value outside of something as milquetoast as wealth. The absolute worst thing you could do to someone is just dump money on a dumbass that can't handle life without it, you will kill them 9/10 times even if it's just low six figures, but the second worst thing would be to not provide for your kids and make them hate you. They'd have rather just been killed.

>wealth has always been passed down through generations
>boomers, after having absolutely everything handed to them and going out of their way to fuck the whole world up, refuse to pass down wealth
They really are going to be remembered as the worst generation in history, holy fucking kek

This is a place where Dave Ramsey is based. He actually is all about creating a generational legacy through wealth. These millionaires are either faking by having their families run the charities they donate to or are bad parents that blame the money and not their shit parenting fucking up their kids.

>>56564178
Several anons itt are saying this, but you fags aren't considering that if you educated them well, you don't have to wait and make them work hard in the first place, because they should be already aware of the potential downfalls.
Your kids should already have values and financial literacy by the time they're 20. Teaching nothing to your children and expecting they'll magically learn after being a wagie is retarded. They'll most likely learn nothing, and that's why most lottery winners squander their newfound fortunes even though they were absolute wageslaves prior.

And when you inevitably have power of attorney over them you put them into the cheapest nursing and remind them that you have nothing to help them with

>>56564095
>money will ruin children. I know the children of 100+m and most are drug addicts and generally horrible people. all of them severely depressed...why? because their fathers money has robbed them of any ambition to participate at all in life.

They weren't given responsibilities nor taught discipline. Interactions with them isn't a compelling reason to not have generational wealth. Old money instills such a family culture that allows your lineage to thrive for centuries, this isn't impossible to achieve.

>>56564218
you are 100% right. however you need to be very careful and disciplined with how you expose your kids to such wealth.
part of that discipline is force them to endure some hardships of not having money....
most of this unironically comes down to discipline and self-control. the reason why there are so many poorfags on this board is actually same reason.

>>56564194
It doesn't work like that. If you don't know what they'll do when they have nothing you're irresponsible to give them more than that. Provide for your children, help your children, love your children, but if you're not raising them to know how to operate and be successful from zero then it doesn't matter how much you're giving them and you're doing your bloodline and all of humanity a disservice. Send them to a good school, get them pointed in the right direction, make sure they have a good heart, make them earn that first hundred grand or million, then they get the trust. There's hardly anyone alive that's actually prepared to have a million bucks before 30, 25 at the earliest. That shit's a lot of hard lessons that are only really learned going through it, theory is not practice.

>>56564147
not all. some have strong a family culture because their society has yet to be ravaged by ((("capitalism"))) and (((feminism))), but no culture is immune to these diseases.

>>56563931
Because their genetic quality is superior that's why they're more of them than there are of non-browns.

>>56564252
It's literally just the marshmallow test they give toddlers. Most fail just like most people lose everything they could've had chasing what they wanted. If time-cost for more sweets is a test most can't pass then anyone just handing their kids a shitload of dosh is retarded, you have to beat them enough that they pass the test but not so much they hate you for it. And if they hate you for it but they can manage a fortune because of it then there's worse things than being hated.

>>56564265
yah. part of my work is for a lawfirm that does estate planning. so they have a few dozen very high net worth families (poorest 100M - up to biggest 1.5B).
the families that allocate some percentage directly to kids via trust, those kids are almost universally fucked up.
the parents that do something like: "here is 200k for school, starting a company, whatever....but this is ALL you are getting, you get NOTHING else" these pretty much have good successful kids.
Obviously the kid doesn't really know that this is all a shit-test. But you have to be willing to go thru with continuing to withhold unless they prove that they can participate in life successfully.
a really successful model I saw one family take was: the annual trust disbursements matches your income starting at age of 35. So if by 35 you earn $30k per year as a dishwasher...then the trust gives you $30k.....or if you are a professional and earn $550k per year, the trust gives you $550k per year...etc

>>56564265
what makes you think the parents were any more deserving than the kids will be?
that they didn't just inherit it (or most of it), or win the lottery, or have a windfall, and merely manage not to blow all of it?
do you think it's impressive if someone randomly comes into $10,000,000 at 35 then "manages" to later give his kid(s) $1,000,000 when they are young adults? LMAO

maybe great grandpa struck gold back in the pioneer days and this is the last of the fortune he built, not a single person in succession to him did any actual work to get what they did

you are all so unbelievably acclimated to your totally broken western culture that it's simply beyond my comprehension
you literally think that being a COMPLETE fuckup is the baseline, default, norm
you have never even seen real parenting or childrearing let alone a real family unit, so you think it's impressive if someone feels their kid at 25 can handle a million dollars???

my god
the jews were right all along
the goyim are simply cattle

>>56564319
It sucks it has to be that way but it just does. I think going full bill gates and only leaving your kids ten million is a bridge too far but honestly they'd be set and would never have to work again if they didn't want to just off of that so maybe I'm a dumb asshole. I just know I'd not dump cash on my own kids because growing up poor is the only reason why getting rich didn't kill me. Teaches what's actually valuable in life better than anything else if it doesn't break you and you can teach someone the value of a dollar without making them live like diogenes if they can stand sacrificing now for a better tomorrow. But it's always the ones that do make it through that struggle and then get wealth that do the best with it and it's them that breaks the cycle their family was in so it's still the best if the most harsh teacher.

>>56564433
Mutts live longer than purebreds

>>56563776
>1pbtid

>>56563789
Fpbp
/thread
Remember this is the world two generations wanted.

>>56564404
This.

>>56564433
out of the fucked up kids i've known (i've actually gone out and partied with some of them hahah) one actually had the introspection and insight into his predicament.
he's dad was worth ~175m and setup a trust with that money in it that both he and his brother got access to once they turned 30.
his view was: why even try? there is nothing that i'm going to be able to do in life that will remotely earn 87m so why bother....he was quasi resentful of the money and felt it basically 'robbed' him of any desire. there was no hardship he actually endured because he would just quit jobs once the grind got to be too much....he knew this was a shitty outlook on life, but he couldn't escape the cold financial calculus that he was right....no point in enduring any hardship because once the age of 30 arrived it literally didn't matter.
he literally worked as a dishwasher and smoked weed and drank constantly until the day he turned 30 then he spent huge amounts on whores, crack, etc. we actually represented him in 2 divorces he had where they divorce raped him out of big chunks of that money (probably has 20m today).

>>56564560
I couldn’t imagine a life like that it sounds like it would make a billion dollar movie, but I’m sorry.

>>56564404
Force people to confront their own stupidity and hubris and you can turn cattle into auroch. The boomers hoarding wealth and being cunts just want the kids to get pissed for once in their lives and stand the fuck up for what they believe in and they'd rather be hated than that lesson not be taught. It was the most important one they ever learned so I don't blame them for teaching it.

>>56564560
yes I was basically a normie before meeting him and he opened my eyes to the true burden of having lots of family money.
he told me one time: 'you own your house right...you bought it with your own money right?'...
yah
so when you go home you fuck your wife in the house you bought and in the bed you bought?
yah
well non me anon....i live in the house my dad bought in the bed that he bought with the girl that likes me for his money.

he really was mentally fucked by it all....

>>56564560
>the only possible purpose in life is to make money
>if I already have money and can't make more, why live? why try?
My goodness. Rich people in the past were always the most educated, the most artistic, and the most scientific, and you're telling me rich people nowadays feel empty if they aren't wageslaving? Sounds like massive cope from you. What is this LARP?

>>56564560
I feel bad for the kid honestly. Few years at college to get an mba and making friends at a frat and he'd have been poised to turn that 87m into 870m or beyond. That difference in mindset and perspective is why you don't just dump money on people until you've verified they have the right outlook and it won't just turn into an excuse to die. If they're really ready they'd start making their own fortune and changing their own fate well before the money arrived.

>>56564613
The old rich took the opportunity afforded to them by their wealth to better themselves so they could better the world around them. It was a near psychotic burning desire to be the best they could be in all facets of life to make life better for all. New rich doesn't think like that and just lives it up in excess until it runs out because nothing matters.

It's like Nietzsche. Cynics read his works and use it to justify being shitters because nothing really matters, winners read his works and use it as a reminder they're masters of their own destinies and minds and they and only they get to decide what matters to them and they decided being kind and helping others and themselves was what really mattered to them because they fucking decided it to be so and thus it was. Until someone can make that distinction they are not ready for true wealth whether they're given it or not.

>>56564612
Sounds like a pussy glad he lost it all

>>56564655
You clearly don't understand Nietzsche

>>56564655
It’s because God is dead. Transplant those past elites into our time and they would be the same

>>56564679
Nietzsche didn't understand me and it's not my problem. In the midst of his "it's so over" I found within myself a "we're so fucking back" and he and everyone else can just deal with it. The true purpose of his work was a comedy and it's only sad to those without the strength to laugh.

>>56564655
>that 20 something chud who views his own life (as a $22/hour manual laborer in the midwest) through the lens of a metaphysical struggle with good and evil, master and slave morality, destination and predestination

>>56564665
have a kid and take that kid on your private jet, exclusive disney vacations, etc....take him to the Vail house so he can experience "Christmas in the snowy mountains" and pretty soon you'll have a similar pussy on your hands.

the parents (ie. you) are ultimately the pussies. your constant need to indulge and "live the good life" produces these outcomes. the parents are desperate to be loved by their kids....the husbands are berated by their wives if they even try to impose any hardships on the kid (read thru this tread and look at how many people here are playing the emotional manipulation game of "hope you like your kids hating you boomer!"). this is the same cycle at work....

>>56564716
It all has to do with IQ. The fact he lost it all was an inevitability. His old man was a midwife who probably got lucky. He’s just returning to where his genetic line belongs, in the gutter

>>56563776
did television completely destroy the boomer generation ?
they seem to be the only generation who collectively decided to fuck over future generations for their own gain
their parents passed on the wealth and their children did too
its just the boomers specifically who cling to their wealth and even power ( look at all the boomer politicians who refuse to retire even well into their 80s)

>>56563946
>Shame on you millenials & zoomers
Shut the fuck up grandma.

>>56564724
in the estate planning industry we joke: trailer part to trailer park in 3 generations.

>>56564724
regression toward the mean

>>56564725
Considering the television is just MKuktra. Yes, boomers have been trained to spend since they were young. It’s all mimetic desire. They don’t actually know what they want

>>56564741
Yeah most current rich got lucky off the ponzi society fuckery so it’s natural and good that this happens

>>56563776
my parents got the equivalent to around 1 million in inheritance when they were 43, (300k in the mid 90s and they put it all into index funds, im guessing they have at least 1.5mil now)
me and my siblings are approaching that age and they will had us each 5-10k every couple years, it's not bad i guess but they def got a free pass through life in a much easier economy

>>56564714
I know I'm Based but it's nice to hear it spelled out once in a while. Care to hear my thoughts on transubstantiation versus consubstantiation?

>>56564689
God isn't dead, Nietzsche is, and his point was that what God stood for had been perverted by man for self serving purposes for so long that God may as well have died. His works are why God isn't dead because they forced everyone to reflect on what religion actually meant and should be so that they could bring God and religion back around to being a driving force for good and justice and kindness and peace. The doomer translation of Nietzsche is flawed and inherently self-cuckolding, like Nabokov writing lolita it was a scathing satire of evil that too many sick people took literally or themselves aspired to be/took inspiration from rather than what they meant which was "God's only dead because you jackasses killed him off (but you can bring him back if you try)" and "don't bang kids that shit is gross".

>>56564824
God isn’t gonna be brought back sorry bro he’s done for

>>56563818
The propaganda will lead to new equity laws that will make passing wealth down to your children illegal. All your wealth upon death will be inherited by the state.

>>56564840
>Nietzsche dead in ground
>Church still open in town
Checkmate, sinners

>>56563953
Bitter incel seething !

Ha ha

>>56564941
What’s the average age of your church populace?

>>56564941
>church flies BLM and rainbow flags

>>56564095
>. they are untouchables and their disgusting eyes should never look at a real child of the light because their filth could hurt a real child.

Lmfao

>>56564944
>>56564965
ask me how i know you were molested by your mom's boyfriends while growing up.

>>56563776
>that article

>>56564560
If you're that rich you need to set personal goals like excelling at a technical hobby or sport. I would rather just be able to sleep, fap and ride my bike instead of feeling soul crushing anger and depression having to wageslave around NPC's for chump change.

He doesn't know how good he has it

>>56563776
This is literally Jew propaganda to get upper middle class families to sabotage themselves.

>>56564560
That's why it's retarded to put a time limit on the fortune you plan on giving your kids. If the dumbfuck dad gave him access to the funds earlier, he could focus on growing the wealth even more and building an empire. Instead he has to slum in and flip burgers and build something from scratch? Stupid.

>>56565044
The idea that all rich people are 'depressed' or 'drug addicts' is a cope anyway. That's what wageslaves are telling themselves to keep their resentment in check.
In fact a lot of them that are not working are doing exactly what you said, focusing on a hobby or sports.

>>56563776
>>56563789
>>56563805
>>56563818
>>56563910
>>56563938
>>56563952
>>56564133
>>56564149
>>56564163
>>56564190
>>56564193
>>56564195
>>56564497
you guys are dummies. they're just giving the money back to who they stole it from, post-inflation, minus tip

>>56564967
Oof. Triggered Incel is cry

>>56564302
birth rates decrease as complexity of life and evolution increases. if you didn't have the iq of a brown you would know this.

>>56564147
Depends on the kind of brown.
My mom is Mexican. Doesn't do shit for me. A good day is not being verbally and physically abused.

>>56563776
Despite these stupid articles I do think about how if I was rich how I would raise my kids to be unspoiled. I wouldn't cut them out of wealth though, there would be no point to being wealthy then. I'll die one day and can't take it with me, they might as well have a better life than I had especially when they're young.

>>56564194
If your kid isn't financially literate at 20, he's not going to be financially literate at 30. Most normies top out on their entire education at around 12 years old, even one standard deviation above average tops out around 17-18. Only the truly intelligent learn anything beyond those ages. A smart 20 year old will be a smart 30 year old and not blow it all. A dumb 20 year old will be a dumb 30 year old, almost guaranteed.
>There's wisdom with age
You'd think so but many Boomers can't even use a printer or send an e-mail and the internet is older than their children.

>>56563776
>Hard work will always pay off in the end.
It never has and it never will

>>56564655
>It's like Nietzsche. Cynics read his works and use it to justify being shitters because nothing really matters, winners read his works and use it as a reminder they're masters of their own destinies and minds and they and only they get to decide what matters to them and they decided being kind and helping others and themselves was what really mattered to them because they fucking decided it to be so and thus it was. Until someone can make that distinction they are not ready for true wealth whether they're given it or not.
Hands down the most intelligent thing I've read on this board in a long time.

>>56563776
So a dilemma from biz curious what you think about it.

You get children with your wife. And a big wish of your parents come true. They are now grand parents. But they don't want to take care of them when you (and your wife,) work. You both need to work to afford living in a normal neighborhood.

Currently your spending 40% of you income to daycare. Money that could be saved if they would step in. But they rather travel and shop.

The question, should you take care of them when they get old when they won't take care of your offspring.

>>56565533
>The question, should you take care of them when they get old when they won't take care of your offspring.
No
Retirement is a meme that held over from the economic boom of the 20th century, now perpetuated to ensure consoomption and permanent debt slaves
You're always working, either in business or by taking care of grandchildren

yes it is very hard work deciding which shitcoins to gamble on

>>56563776
>not robbing your progeny of an inheritance is robbery
>giving your sons quantified temporal power is actually hurting them
who writes this shit?

>>56563776
So you also agree that they shouldn't give/leave money for there kids because it's entrenches the powerful and the wealthy. I agree OP.

>>56563776
>boomers actually believe this
American individualistic family style was a fucking mistake. Browns dont do any better with their favela communal living. The only soulful family style is having everything passed down to the oldest son, passing down the wealth but also the patriarchal family legacy from father to son. Other sons go into the military, priesthood, or start their own businesses. Having the nuclear family model where the parents decide how they pass their inheritance is a reason why the modern world is so soulless

>>56564941
>the pope proclaims "its okay to be gay"
at least Nietzsche had the decency to die with grace

>>56563910
Based dad

>>56565231
Birth rates decrease as female education increases though. Look at the curry or chink birth rate, despite being shitholes the rates have cratered

>>56563813
I'm pretty well off now and this would be my plan as well. My ex-gf wasn't on the same page and that's one of the reasons why I broke it off with her. She said she was spoiled as a child by her (single) mother and grandmother, and it was pretty obvious what effect that's had on her adult life.

>>56564824
Erm it was LE HECKIN SATIRE, source: a SLAVE like me. I’ve totally read all these things that I pretend to understand.

You are /lit/ incarnate you retarded slave. Go choke on a tortilla you dumb beaner.

My parents will be lucky if they get a dime from my grandparents. They are retirement age and the grandparents are still kicking, spending all of their money on endless medical procedures and assisted living. Even worse, my parents will also be lucky if they ever see me get a girlfriend, much less have grandkids for them. They will live the life they created. Another 30 years of watching TV, going to the doctor, and seeing their loser children do nothing with their lives.

Question for Americans:
How much do your old people spend on healthcare and assisted living?

>>56563798
AI did this

>>56566759
Thanks I'm glad someone finally replied Holy fuck
Propaganda articles either have 2 generic sounding names or some turbo Mongoloid name like "sheiffhaeka resuenciteis" to make cross search results worthless
-written by John Brown

>>56566750
My grandma spends $3500 a month for what's essentially a small 1 bedroom apartment with access to a dining hall and occasional facility activities. It's an additional $500 if she had somebody come by and make sure she takes her medication. I don't know what it would be for an actual full service old folks home.

>>56566794
Holy fuck, goodbye inheritance

>>56566794
That's unfortunate. Mine sold her house and moved in with my aunt. But she keeps slipping everybody "gas money" at family gatherings so it's probably the same thing.

>>56564497
At least we aren't speaking german!

>>56566836
>>56566846
Grandma won't live with anyone after grandpa died because of the "bootstrap" mindset. I guess she finds the idea of being cared for humiliating after decades of telling others to take care of themselves. So we play this pretend game where she lives in a special apartment complex where she is very much independent and doesn't have someone cook her food, clean her rooms, drive her to the store, and watch her 24/7 via security camera to make sure she took her pills. There is no cash being handed out; in fact, her favorite activity is looking at her bank account balance on her phone, making sure it doesn't suddenly drop to zero. I guess this is what she lived her whole life for. This is what was at the end of the rainbow.

>>56566917
>it's not a nursing home it's a retirement community

>>56563813
This is what I’d do. Make them experience poverty while in college and live on their own means in young adulthood so they appreciate wealth. Otherwise it’s easy come easy go and they won’t be good stewards.

Kek I feel like these threads keep getting posted.

>>56563805
Boomers actually think their kids will pay their retirement after they spend all their money. My mom pretends to be broke but has a networth of 4-5 million and thinks she's going to spend it all and then I'll spend my own retirement money on keeping her heroically alive into her 90s. I probably shouldn't have to mention like most boomers she was nothing but minimally supportive enough that I didn't die in childhood.

Lol.
Lmao.

My Boomers have never done anything for me and are actually shocked and angry that I never visit or call them

>>56564147
Mine as well. My mom in particular sacrified a lot to give me a good solid foundation to tackle the rest of the life with.
Sure if >>56563931 considers just pure attractiveness as a factor in genetic quality, it’s not as good, but behaviour wise? I don’t think I’d have such a good foundation and support structure in a white or black family.

>>56564300
You sure about that pal? Not like the middle east exists or anything

>>56566957
Holy shit dude, you single? Would love to marry into wealth like that

>>56566957
same, my shitstain parents to this day LARP as poor tramps

for years I thought they WERE poor working class losers - they dress like it, talk like it, act like it, look like it, LARP like it 99% of the time, and will go ballistic if you so much as imply that they aren't as poor and oppressed as they want you to think they are

at some point in my early 20s I got wise and the contradictions started to become obvious

they would talk the usual waaaah waaah sob story - everything is expensive, we didn't get any raises, fuck rich people, we're barely keeping up - while spending $100 PER DAY on food, living in one of the top 10% most expensive counties, paying something like $3k a month to RENT a detached 3 level house that was enormously bigger than 2 people need, always buying new cars instead of used, categorically refusing to look for better jobs EVER, never once seeking promotions, never trying to improve their qualifications, absolutely refusing to consider moving somewhere cheaper, refusing to do anything for themselves like yard work, car maintenance, home repairs, cooking, cleaning, anything

not long before retiring, while servicing a fuckhuge mortgage, they started taking ridiculous vacations, spending practically what the median ANNUAL individual salary was at the time each year on them
and then they retired the very minute they could do so without getting penalized

finally years ago I got a glimpse of their investment brokerage app's overview page, lo and behold, they had like $2,000,000, plus a house and crazy pensions and social security

they were the cheapest, stingeist, penny-pinching sacks of fucking crap too, and disgustingly melodramatic with their victimhood complex, my mom never even worked full-time but she'd act like she was the world's most exploited overworked slave
they complained about just having to have jobs every single fucking day

>>56567032
Yeah my dad says he's lonely and Im like...so get some friends? Instead he just stays inside all day and listens to talk radio. When he converses with me, none of it is personal, it's all just politics. During my childhood he spent all his free time watching the news, rather than with his kids, except when we were being too loud and playful or disobedient and he beat us. No good memories really of my dad. Yet he whines that I don't visit or talk to him (which is really him wanting someone to sit there, shut up, and listen to him talk for 2 hours).

[...]
when they were drawing up their wills, mom told us (all her kids) that she was planning to travel effectively constantly, for the rest of her life, and thusly spend "all" of her money

all they plan to bequeath is their house (so they can hide it from medicare so it won't count against their qualification)

>>56566957
Time marches on and /biz/ gets older, along with our parents. One of these days we will have regular estate planning threads.

>>56564147
no they don't, I had brown friends in elementary/middle school and they used to be amazed that they could just have as much buttered toast as they wanted at my house

A lot of anons are also underestimating old age mental decline. My grandmother thought it was entirely reasonable for a forest fire to travel 18 miles per second. And yes, she has pissed her once $5M+ fortune away on the stupidest shit.

>>56567066
It’s ok shitskin. We know it is hard for 80 IQs to put themselves in the position of others (i.e white).

>>56564716
> noooo you can’t want to provide for your kids
> nooo you can’t want to give them a few memories to cherish
> if you do above activities, your kids will be le faggots

It comes down to parenting styles. I know plenty of poor assholes, and some rich ones.

>>56567185
earily similar to my situation

There is an entire media ecosystem dedicated to this shit. In just about every piece of media aimed at the older generation they portray the younger generation as lazy and entitled. That's what the whole avocado toast memery was about. The exact same people who will whistle at the price of a bottle of coke, and reminisce about when it came in a glass bottle and cost a quarter, and you could get 5 cents back for recycling the bottle, will suddenly magically fail to understand inflation.

My mom was worried for a while about how young people were ever going to afford houses. Then she heard from some "financial guru" that a young couple can own a house if they make a combined 60k a year between the two of them and magically her anxiety about young people being priced out of the housing market went away because some rich bitch getting paid to say it was all just fine said it was fine.

That's why I'm saying that you're not paying enough attention to the media ecosystem around this. The psyop has been going for literally decades, and it's constantly being updated. It's not just that the boomer are selfish, greedy, and entitled. It's that they have all kinds of snakes whispering in their ears telling them that they are righteous to be this way. They always have.

Honestly it's surreal to watch your parents sit down, watch a small snippet of news that provides almost no facts and is so clearly and obviously designed to manipulate their opinions about something that they previously knew absolutely nothing about, and suddenly they have incredibly strong opinions about a thing based on a news segment that ran for about two minutes.

So when you see these fucking snakes telling people not to pass on their accumulated wealth to their children, you should take it as a harbinger of what's to come. Not everyone will follow suit but a lot will. Many will bleed every dollar out at the end of their lives because con artists told them to.

>>56563869
>thinking any generation will live as long as boomers

LMAO. I wish I had your optimism. Boomers shredded the society that enabled those life spans. Good luck getting that heart transplant from all the "future doctors" they let in without issue.

>>56563776
>>56563776
People romanticize labor and suffering way too much. So much so that many boomers would rather throw all their money away than give it to their kids. This boomer is assuming that he succeeded because the world is fair and he worked hard. The truth is that he grew up in a period of unprecedented economic prosperity, the world is not fair, and his kids don't have half the opportunities. He's also assuming he can't teach his kids the value of money before he dies. This is just a self righteous justification to blow all his money.

>>56568357
kek this. Life expectancy will probably be down to the early 40s once the lifetime of destructive boomer bullshit is done working its way through the system.

>>56568428
boomers don't teach, they preach. aka a fuckton of rules without context or explanation that they just meme from one person to the next.
>18 years old, friend of the same age complains to me that his parents are charging him 400/mth to live with them
>3 months later, my parents friends start charging me 300/mth in rent to live with them while i go to school in another part of the country
>"sorry anon youll have to move out after this year we're remodeling the basement"
>mfw, i paid for their basement
>move back in with parents, they start charging me the same in rent
>move into my own place, broke as fuck, they offer to "pitch in" to buy me a PC, give me 700 of MY OWN MONEY I PAID THEM FOR RENT towards it.
18-22 i was exploited by boomers, i owe them nothing. after hitting rock bottom at 32, and seeing all my siblings come together to help me out, they have let me move in with them for free. i'm milking this shit so hard idgaf. i will not be helping them in retirement. leech off the mfcking leeches. my siblings on the other hand - the reason i hope to make it one day - everything in me needs to help them.

>>56567164
the apple doesn't fall too far from the tree!

i'm not wealthy and i don't think i have any thing worth inheriting come to me, im not a conspiracy theorist, and i'm too busy with my own shit where even if 9/11 shit was true it wouldnt make my life better or worse. but going against generational wealth HAS to be a psyop, probably from one groupmof upper class to another. but to deny generational wealth is to deny your children any advantage in life, to me it's the same as denying the instinct to breed.

>>56564655
>Until someone can make that distinction they are not ready for true wealth whether they're given it or not.
Holy fuck this is brilliant. As someone well off with kids, I was always conflicted on how many toys and shit they should get... but not make them spoiled assholes.

The conclusion I eventually came to was that it didn't matter how many toys the kids got, but if they SHARED their shit with the other kids.

>>56564716
>the parents are desperate to be loved by their kids
The parents are also desperate to keep up with their neighbors on a similar socio-economic class. I think this fucks kids up the most today. Parents do not have the will power or ego-security to raise children modestly when the neighbor kids are "balling."

I am convinced upper-class US environments are the same as US ghettos.... only a small range of socially prescribed behaviors is allowed, resulting in a very difficult environment for kids.

>>56565231
>complexity and evolution increases
what do you mean "evolution increases" what do you think "evolution" is exactly?

the only reason genetics matter is to carry on life successfully. If non-browns aren't reproducing as successfully as browns then browns will be the winners. Not that hard to understand right dumbass? lel.

>>56564560
>his view was: why even try? there is nothing that i'm going to be able to do in life that will remotely earn 87m so why bother....he was quasi resentful of the money and felt it basically 'robbed' him of any desire.

Not gonna lie, I do feel my motivation weakened just a tid tad after buying into /our/ shitcoin

Giving kids say 10 million right as they turn 18 is a perfect way to fuck them up. Look at lottery winners. Most of them end up worse off after they get it than if they'd never got that money in the first place. But just letting the family estate fall into the hands of the govt or some stranger is stupid to. No the ideal way would be to put it into a trust and then doll out so much as the kid hits certain milestones. Hell give some 18 year old 5 million, he'd be dead in a week, cause kids are stupid and frankly dumber in hell compared to kids born in the 1980's.

>>56564702
>In the midst of his "it's so over" I found within myself a "we're so fucking back"
Thanks, I'm stealing this

>>56565075
>slum in and flip burgers and build something from scratch? Stupid.
ya where was dad the whole time here? a boomer like dave ramsey just gets their kid basically straight to VP level at their own company

>A good man leaves an inheritance to his children's children, but the sinner's wealth is laid up for the righteous. (Proverbs 13:22, ESV)

Repent Boomers

>>56563776
The one thing I will say in the boomers defence is that they are the most heavily propagandised generation in human history because of the amount of television they have been subjected to.

>30 is the new 20!
>40 is the new 30!
>50 is the new 40!
>60 is the new 40!

All of these campaigns were designed to keep the Boomer in the mindset that they are still young and vital and should be out spending their money on frivolous shit like they did when they were teenagers.
When you see multiculturalism on television remember that Boomers never grew up with these people in their schools and workplaces, the only impression they really have of them is from the television where everyone from every race is permanently in white-face to give the impression that race is only skin deep.

>>56563805
I have relatives that have this Boomer mindset and the reason they had kids pretty much boils down to keeping up with their peers who had them.

>>56563946
>sacrificing her life
idiot

>>56569514
evolution being from the primative negroids to current best of breed northern europepans

>>56563776
The article is bait to push the divide and conquer tactic. Pointing the figure at each other and creating more division between we the people will only cause more chaos. Don't fall for this bait, elevate yourself and move on to more productive topics. :thumbsupwassie:

>>56564497
Lmao finally justice. Serves them right for fighting against the Nazis.

>>56564560
Poor him

You don't have to spoil your children. Raise them right, teach them good ethics and ambition, and then when they're ready give them the economic boost they need to reach for the stars. If you raised shit kids it is literally your fault.

Don't tell them your NW. Don't guarantee them anything. Raise them normally, among other people that are trying to make it. Make the wealth transfer a bonus, not an expectation.

>>56564319
>here is 200k for school, starting a company, whatever....but this is ALL you are getting, you get NOTHING else
This is what I plan to do as well
Paying for your children's college ensures that they can focus on studying to get a good job, making connections, etc instead of doing a shit job just to make ends meet
It's fucking retarded that so many people kick their children out as soon as they turn 18

>>56563776
You've made your nursing home, now live in it.

>>56564252
How would you force them to endure hardship of not having money as your kids know he/she got a rich daddy backing you when you fall

>>56564560
>his view was: why even try? there is nothing that i'm going to be able to do in life that will remotely earn 87m so why bother....he was quasi resentful of the money and felt it basically 'robbed' him of any desire. there was no hardship he actually endured because he would just quit jobs once the grind got to be too much
I don't have access to nearly as much capital as that guy did, but I was... maybe still am in a similar boat after I made 8 figures from my crypto platform last bull run before it died. I had a hard time getting motivated to do anything, because the conditions required for my platform to become that successful were likely a one-time thing and that I had next to no chance at making something that big ever again. Anything else I did wouldn't make nearly as much money as the platform did, and with 8 figures in the bank, I don't really need to work ever again.

In order to avoid serious psychological problems, a human being needs goals whose attainment requires effort, and he/she must have a reasonable rate of success in attaining his/her goals.

>>56563946
I'm a baby trap, I've served my economic purpose

My crazy bitch mother sent me a contract in the post out of the blue that showed that her partner owns 20% of her home now. Nice surprise you stupid cunt.

>>56563776
>spending all of your money on yourself or strangers instead of your children
evil psychotic behaviour.

>>56567578
I see it with my mother too. My mother is a typical harebrained NPC so in a way it's kind of hard to blame her. Father's dead so I'm pretty sure she's gonna blow it all before she dies. She's a landlord with six small shitty houses, most of which are mortgaged. She still hasn't paid off the mortgages despite turning them all into HMOs. The way I see it if I stand to inherit nothing I am free of my obligations to look after her or pay for her retirement/care costs. If it's legal to disinherit your son or piss away his inheritance it's just as legal to cut off your parents and refuse to speak to them or see them. You broke the social contract, not me.

>>56575097
Studying is a meme, most kids in college are the sons and daughters of rich people who got in because of connections and wealth, not intelligence or hard work. The point of college is to forge connections and relationships with people of your own age and class. It's become adult daycare for the kids of rich people essentially, it's so they can larp that they are so successful, smart and hard working. They are no longer hallowed institutions dedicated to pure learning, wisdom, betterment of character, etc.

>>56563910
Cringe dad, Based dad

>>56567112
>networth of 4-5 million
>wealth

>>56563869
>Millenials probably up to 100
*opioid epidemic blocks your path*

>>56563789
ive been a private fund manager for two decades and i have kids.
i gave them each $100k to finance their own lives as they saw fit.
college, starting a business, etc.
my only daughter just used the money to travel around the world for about 4 years until her money was all gone, she asked for more, i said NO. she no longer talks to me and works as a waitress now in a big city.
one son likewise used the money to party, do drugs, and generally fuck off for years. asked for more money, told him NO. he currently has a deadend job and lives with a drug addicted whore.
then the prodigal son used the money to start an online business where hes close to being a self made millionaire on his own now.
he always came to me for business guidance and financial advice whereas the other kids were too entertained by the world to ever do the mental gymnastics required to rise above its fuckery.

the only instance where leaving wealth behind to your kids is logical is if they will use it wisely. but most kids will squander it until its vanished into the pockets of merchants, drug dealers, and the whores of the world.

dyor, im not wrong.

this only applies to white people of course, jewish parents passing down their wealth to their kids is just their tradition so don't worry about it, also when jews hire their family members and other jews exclusively it's just a coincidence but when white people do it then it's racism

>>56577651
>the only instance where leaving wealth behind to your kids is logical is if they will use it wisely. but most kids will squander it until its vanished into the pockets of merchants, drug dealers, and the whores of the world.
What's even the point of having wealth if you're not partying/travelling? Make more wealth so your sons can make more wealth and so on? At least your retarded sons have beautiful memories, took pictures, and had orgies with men and women from all around the globe, and did stuff worthy of admiration for normies and retards

>>56577697
you remind me of my retarded son.
>ngmi

>>56573795
that's just pushing the responsibility on the individual again, perpetuating the same problem, the real issue is that white people have no culture, and by culture I don't mean books or food recipes or songs or whatever, I mean having an ethos that every member of the group unquestioningly accepts and follows, in-group preferences are justified and perpetuated by every member of the group working towards the same goal, money stops being an ultimate goal and just becomes a tool for the greater good that the ethos of your culture signifies, the problem of white people is that they don't have any of that, like the jews have, white people at this point only have individualist materialism and then people wonder why their in-group preferences broke down and why money became the goal of their existence

>>56577651
so you didnt teach your children anything about /biz/ and live before giving them ze moneys? bad parentingxnvmm

>>56563910
lol now I'm imaging a middle aged guy at a funeral wearing a party hat holding a potato cannon with a big grin on his face as a stream of ashes goes PROOOOT! out of the cannon.

>>56577651
Lmao you raised a whore daughter you are a failure

Im gonna break the cycle that retards have been doing for the last 200 years which is leaving home when you become an adult.

My sons will grow up in comfort but not wealth, I'll never give them anything without working for it and when they're legal adults they will have been raised well enough that their priorities are accumilation and building. They'll be smart enough that instead of both getting an apartment each where they slave away to pay the rent and then have barely any fucking money to invest in themselves they'll live together and have money to spare so they can start creating their own wealth. Only THEN will they start seeing real money from me. by then they'll be addicted (in a healthy way) to growing and they'll turn whatever inheritence I give them into stratospheric wealth.

>>56578395
Lmao this is why Jews are curbstomping white people holy shit you have no idea how retarded your gay little plan is

>>56577697
>gave 200k dollars to immature spoiled retards
>calls anyone else a retard.
if youre gonna give kids that much money you should at least have raised them well enough to understand it, my parents didn't and as a result, although I am trying my hardest, Ive never had respect for money.

>>56577651
Kek, his tag has DyOr

>>56566794
>>56566750
My grandmother was bedridden in an assisted living place and it was costing $11k per month all included. She was in bed for a few years and racked up like a half mill in bills just to have some Vietnamese fob change her diaper and being her cafeteria food in the morning (we saw her every evening).

Fortunately genworth used to have some sort of all expense paid policy that my grandfather got her so we got her in there at no cost to us really but without that she'd have sunk the whole family.

>>56564497
always those wascally "teens"

>>56577651
You gave them that money before college? As in you gave it to high-school kids? Lmao you spent $200k to ruin your relationship with your children and you're lecturing on about using money wisely? Not the wisest money move if you ask me.

>>56563776
Poor kid here: lmfao @ the rest of you. I always knew I was getting nothing. You merely adopted the darkness. Nothing better than watching coddled kids eating shit sandwiches.

>>56579351
Holy shit
I guess you do suffer in burgerland

>>56566750
It can cost $3-6k a month for a nursing home depending on how disabled they are. that's a typical monthly wage. It doesn't make sense to live after the point of needing a care home. they're zombies on the massive drug cocktails anyway. I worked in one... you do NOT want to end up there. choose suicide when you are still lucid. and society will be bankrupted to pay for these geriatric dementia zombies to rot in a plastic chair in front of daytime cable TV in a care home. it's a massive drain of resources down the toilet. working people can't afford doctors but old fucks go to 3 doctor appts a month to keep them alive at massive cost with zero quality of life.

no one ever talks about quality of life. especially these old fucks who let themselves go, mind and body left to rot. you don't want to end up there.

>>56579867
That’s pretty much why we have MAID in Canada now. IDK if you would even be able to implement it in USA given the private hospitals and the mega backlash it would get

>>56580050
We don't need MAID, we have corn syrup for that.

>Dad is gen X but RIGHT on the edge of boomer/X
>self employed, worked himself like a dog making a killing while the going was good
>worked with him myself. I chill day was 7 to 5, usually 12hr days
>made a bunch of savvy property investments long before the housing boom
>places he bought for 150k are now worth over 750k
>portfolio of over 3mil at this point in time
>grew up poor so never pissed money away, still kinda thinks like that
>mentions at a party recently while discussing retirement with extended family
>"yeah that's our retirement, but have to make sure there's a decent amount left for these guys (us kids)"

NEVER in my life did I ever consider that inheritance was a thing or that I would ever get any help. I always just had this mindset that everything I wanted I would have to do myself. It was kinda mind blowing.
But god willing I'll be well into my 60s before that eventuates and I wont need it.

>>56580050
When has backlash ever stopped a libtard policy in America?

>>56564702
>Nietzsche was le heckin nihilist!
go back redditard. like the other anon said, you clearly don't understand what he wrote and are posing.

>>56580443
He also literally DID NOT read him, like every other faggot poser on the internet who refers to Nietzsche in retard internet tranny memespeak. N's entire philosophy is about overcoming. Retarded subhumans like to say that he died LE INCEL (words that have no bearing pre-2010) and also do not realize how hard he exercised and worked at attempting to overcome his physical shortcomings. They dismiss N because of some fellow imbecile (who also never read N) dismissed him in the aforementioned tranny-memespeak.

>>56563776
If I make it, I'll pass all of my wealth to my kids. Fuck everyone else. But I don't want my kids to have a spoiled upbringing, else they'll grow up to be trannies or something.

>>56563776
The greatest gift in life was free, it was the day you opened your eyes as a fucking infant. Be grateful and receptive to the world around you, everything is "perception of value" - learn to recognise what's really important and find the easiest way to do things. Smarter not harder

>>56580183
Yeah with how long people live nowadays, even if you're set on receiving a large inheritance, its pretty much irrelevant since you will be much too old to enjoy it. What are you gonna do with your millions at 60, assuming hyperinflation hasn't made that amount completely irrelevant by then? Nothing, life is done by then. Its only relevant when you're young

>>56577651
You sound based yet very rigid anon. Open your mind more to that which you do not care for. I'm not telling you to accept it, however empathy is not conveyed through your post. If you cannot see that money (literal pieces of paper) has ruined your children and by extension the relationship you have with them than look deeper.

>>56581041
cringe. don't pretend your parents gave you life as some miraculous gift to you and for you. they just wanted to fuck. kys.

>>56577651
This is a very interesting post. At what age did you give them that money? On one hand I feel like you 100% did the right thing giving your kids money early on when it matters, on the other if they're still immature and stupid they will just waste it away and self-destruct. If you saw your daughter and son who pissed away the money truly wanted to change, would you help them out?

>>56577651
There's a point to travelling or having a college experience partying but you can't be fucking off during that time entirely. I can't imagine not having a base 20k to go to college with and use that to supplement getting a degree that's worth something OR take the entrepreneur route.

not going to lie it sound temping to use at least half of that on myself or use that supplement to work at a restaurant in the Netherlands under the table. Get to live a few years and be apart of a new culture. Partying is for people who actually can make money.

>>56577651
>gives kids money without teaching them how it works
>surprised they waste it
You failed.

>>56564133
Ironically nonprofits are often a way for the rich to keep their children employed

>>56564147
>Browns take care of their kids though
Are you trolling?
90% of black kids are born to single mums who had kids just to get free money so they can buy shoes

>>56564560
Maybe if he had gotten the money sooner he would have had more time to acclimate to it. Spent his 20s getting the splurging out of his system and then started investing and running businesses. I just don't see the point of arbitrarily withholding it until 30, obviously it did no good.

>>56564724
Yes wealth is supposed to disappear over time if you don't use it to continue to satisfy consumers in the market. This is a feature not a bug. Not sure why people are crying about it, degenerates losing their money I'd a good thing

Why can I post in some threads but not in others? What's wrong with the /biz/ board?

>>56581733
>Browns
>But what about dem niggaz
>mutts law

>>56564612
What a little bitch.

If its such a burden he can give you some or stfu.

>>56582789
pajeet bots

>>56563776
I never asked anything from my parents I provided and still care for them
>t. living in hyperinflation
hard work my ass
>keynesian (((bankers))) stole our life savings
>israel bombed our port
>(((sanctions))) from the US
10k USD of life savings worth 300$ now
fuck fiat