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/biz/ - Business & Finance

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57317234 No.57317234 [Reply] [Original]

My grandfather put his entire 8 figure net worth (early 2000’s) into an irrevocable generation skipping trust when he died. It could easily be $30-50M by now depending on how it was invested. None of the grandchildren will have access to it until all 5 of his kids are dead. We tend to live long in our family so that might be another 30-40 years. So I might be inheriting a shitload of money when I’m 70 but until then I will have to wagecuck like everyone else. Why is life so gay

>> No.57317248

>>57317234
flip side: if you inherited the money now you'd probably spend the rest of your life masturbating and not doing anything productive

>> No.57317255

>>57317234
https://birdeye.so/token/3qi7XMxKN2BqJDu7bAGV9gKjKi3wa95vMzQEr15uqYmh?chain=solana

>> No.57317264

>>57317234
He probably realized his grandchildren were financial retards and didn’t want his money to get rugged by incompetence

>> No.57317266

>>57317248
investing your money is more productive than wagecucking

>> No.57317265

>>57317234
lmao

>> No.57317269

>>57317248
>he chooses to wagecuck instead of masturbate through life.
Good goy.

>> No.57317293

>>57317264
Too bad I was only in kindergarten when he died so I couldn’t show off my brilliance to him. I’m a self made millionaire in my mid 20’s. He died fairly young in his early 70’s but everyone else in my family lives to 90-100

>> No.57317364

>>57317234
Can't you borrow against it to get access to it early?
>>57317293
Oh you're already a self-made millionaire, who cares then, not like it will alleviate any financial suffering.

>> No.57317890

>>57317248
why masturbate when you could fuck? if i had 50m i would be fucking.

>> No.57317949

>>57317234
>generation skipping trust
Your dad is a fucking imbecile.
Firstly there is nothing more important than your immediate kids. If they dont succeed you wont have grandkids.
You cant just motivate your kids by forcing them to survive until their 80 to inherit millions of dollars. If I had only one other sibling I would just kill myself so my brother/sister could inherit and enjoy life like they deserve.
If you get old before you are rich what is the point? You wont grow anymore in character after 30, you will just become more and more reserved until you are a fragile old man.
Time is worth way more than any money. If you have to die to enjoy money there is no point. This is why old money is always insanely jealous of new money until they die.
This is like a man who owns a mansion deciding to sell and go permanently homeless in 1970's florida because the news told you by 2010 it will be underwater, only to realize its 2024 now and housing prices in florida are retardedly high. Should have enjoyed what you had.
I cannot think of something ANYTHING more cucked than raising, clothing, and spending time with your family only to stop them from acquiring wealth and stop them from prospering after you part ways.
That would be so unjust and against all family morals. The best way you can protect your lineage after you pass is to make sure they are well off. Nothing else.

>> No.57317970

>>57317949
>their 80
their 80's
>If I had only one other sibling I would just kill myself so my brother/sister could inherit and enjoy life like they deserve.
if I was the last sibling i would kms for my family i mean
im retarded.

>> No.57318018

>WAAAAAAAAAAAAAAH GIB ME MONEY YOU WORKED FOR WHILE I GIVE MY KIDS NOTHING BUT THE GOOD OLD HARD WORK!!!!!!
KYS
You wouldn't do shit with the money except spend it and never save or build up money for your kids.

>> No.57318067
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57318067

>>57317234
based grandpa. he know you would be a looser. now go back to clean up section 6

>> No.57318085

>>57317234
Get a career it can be fucking dope, I'm in aerospace and I would continue working no matter how much money I had because I'm on my way to working on military programs that no money could buy

>> No.57318128

>>57317234
Wagecuck, invest and earn 12 figures instead. Then when you're on your death bed store that money in a twice generational skipping trust fund. That way you will get revenge on your family by screwing your great grandchildren

>> No.57318172

>>57317234
That’s unfortunate, anon (to say the least).
It’s sounds like he didn’t trust his kids (because he raised them wrong) and then placed his hope in his grandchildren.
Plan for it. Teach them.

>> No.57318174

>>57317364
1M is much different from 5-10M. 1M still requires you to slave another decade minimum unless you move to a 3rd world shithole

>> No.57318181

>>57317949
It’s his grandfather kid. Pay attention.

>> No.57318215

>>57317234
Try JG Wentworth fren.

>> No.57318345

Your grandfather put out a hit on his kids, you can cash in wherever you want

>> No.57318370

>generation skipping trust
based grandpa lmao
I would've also skipped your generation, tho.