/lit/ - Literature

I recently came to hear roughly how much capital my father owns.
It's in the tens of millions, and not just cash it's real estate and a company that pays out tens of thousands of dollars each month. I always knew he was wealthy but this kind of shook me. He also said he does not believe in inheritance like most people do. He said he would rather lose it all than give it to his children for them to liquidate it and then just live off of it.

After hearing this I think I might just live near him and take over at least one of the companies. His words about inheritance spooked me. But on the other hand I will be financially independent the moment he passes and I will have so many options.

I wish he was less harsh with his views on inheritance but on the other hand I can understand how one would be peeved about their children just liquidating whatever you have build up.