Do they not realize one of the surest ways to ruin a child is to turn them into entitled trust fund babies who will never work for anything? Pursuits of material wealth for the sake of accumulating more material wealth never brings happiness. Accumulation of money should only be to the point where you don't need to think about expenses and occasional fun spending like vacations. Nothing more.
Because people want their lives to be meaningfulBut they have no clue what that meaning isSo they pass the buck to their kids hoping that they're somehow going to find the meaning of lifeAnd in doing that they're pretending that their lives are meaningful tooAll they had to do is learn how to cope with the fact that everything is meaningless
>UK Inheritance Tax (IHT) is typically charged at 40% on the net estate value exceeding a £325,000lmao at the UK. good luck to anyone there.
>>62107399did you learn this watching Dr. Phil?
>>62107399The only people who are obsessed with generational wealth are the deadbeats who hope to inherit that generational wealth and invest it in hookers, cocaine, and bitcoin.
>>62107399Remember to leave nothing for your kids goyim
>>62107499fuck off you retarded commie
what about all the businesses and passion projects the kids later start, and how that translates into even more generational wealth and land ownership?seems more like OP just isn't involved in generational wealth, and is jealous of those who are.
>>62107411atomic trvke>>62107541and where does the drive come from to start a business when you start out rich from day one? Maybe the rare few exceptions will try to turn a mil into a bil but most end up depressed drug addicts who live decadent lifestyles.
>>62107399poor person cope thread
my friend was rich and he would summer in a small town near Barcelona in a rented mansion. then he went to a top private college. then he lived in SF. now hes living in Spain.
>>62107619this lmao. pathetic crabs in bucket mentality
>>62107399Goys like you could never understand
>>62107399ThisYour stupid goblin children will lose it all on memecoinsJust build enough to last a comfy nestegg of 50 years and then peace out of society on T-bills while the globe descends into chaos
>>62107625i went to school with the sons of the richest guy in town. the father owns a chain of 50 full service gas station/convenience stores that he founded, as well as 8-10 large car new car dealerships (not buy here, pay here hooptie lots) that he also founded. they didn't move away and they both have jobs working in the family business.
>>62107635In such a scenario you'd basically be buying Japans bags. Wouldn't be much better than buying memecoins
>>62107399I believe it is still possible to raise responsible, happy adults without making them squander everything. Generational wealth enables you to give them the best advantages. Instead of spending their late teens and 20s grinding, I want my kids to hopefully have kids early and spend a lot of time raising them and focusing on their healthy development. So while they're younger I want them to experience a wealth of travel and deep education (including physical/sports) in varied subjects from foremost experts, the way royalty used to be taught. I want them to have enough money to pursue their passions without restraint, but that doesn't mean they should grow up with no discipline. I don't want them to end up friendless khhv like me.
>>62107399I'm not raising trust fund brats. I'll raise 90000 IQ shadowlords who who keep your continent from collapsing without anyone know their names. Visionaries who think about politics in centuries rather than election cycles and think of their Pops as a dumb, low information boomer who couldn't comprehend a tenth of what they do.
>>62107635>peace out of society on T-bills while the globe descends into chaosWill t-bills still be redeemable in this scenario?
>>62107399I will waste every single penny I am going to inherit from my parents. No one after me is going to receive ANYTHING. First thing I will do is sell their house, my parents are aware. Sucks to be the generation after me but thats not really my problem.
>>62107684Wouldn't you have to basically be running the world already to pull this off? How are your kids supposed to work their way up to be part of the overlord class?
>>62107686Brother if t bills are done everything is done that includes your PMs getting robbed from a hoarde of feral niggers
>>62107715You could always doomsday prep now like with some billionaires and their NZ bunkers
>>62107399"Generational wealth" is obsolete now that barely any people are getting married and having children without getting divorced, and most governments keep taxing you to death (literally). The only thing that has that are governments themselves since they are forever.
>>62107417Restore Britain are looking to abolish the inheritance tax. And also a bunch of stuff like ban Halal and Kosher slaughter in the UK, and send millions of new arrivals back home.GE is 3 years away, a lot can happen. Will be very interesting up until 2030 in the UK. It really is make or break at the next GE.
>>62107417At least they are not speaking German, right lads?They learning Arabic and Hindi lmao
>>62107499Checked and keked
>>62107417It's £1 million with married parents (each of their nil rate band plus each residence nil rate band) so I'm good as I'm getting about £820k.
>>62107417Japan is even worse.
>>62107684>>62107682No one is building generational wealth except the top 1%. 10% of Americans have 1m. 2.5% of Americans have 1m excluding a home. Literally no one has wealth in the world. FACT.
>>62107399Its literally how certain groups have built up their massive influence over centuries - no magic or dirty tricks.
>>62107499Lol, sure anon… generational wealth speedrunI’ve already stacked some sats and parked them on a good TBV, at least my bags aren’t just sitting there doing nothing.
The only thing I would have benefitted from as a child was our roof not leaking and the house being a little warmer, I didn't need some meme wealth.Now I wish I had about 1/4 to 1/2 an acre of land that was MINE personally and not just the family's or whatever that I could grow stuff on, but I'm buying that myself.But yeah I would never appreciate land this much if it wasn't for me not having absolutely any and having nowhere to grow what I wanted, so now I've done a ton of researching and can bonsai trees, graft, make my own root stock, square foot garden, and do commercial farming in general because I was so mad that I didn't have any land of my own that I kept looking up hypotheticals I could do.I think this is true of a lot of things, a life of poverty when you're younger but hope when you're older is much better than muh "generational wealth", but the kid might benefit from money when they're 25-30 because at that age they have to find a mate. I just know if I had some generational wealth I'd have tried to live off investments instead of gaining said knowledge to run my whole own farm and manage my land.>>62107541Really depends, in my NEET days I had no drive for any of this, I was happy with just my computer and gayming.It heavily depends on the person, they can do great (you see this minority that does great) or they can waste it all (most people)
>>62109822But to add onto this, the biggest advantage I have is a stable home that I can fall back to, my parents can give me rides, so I can live a low-expense lifestyle of being with family members instead of being isolated.Basically your kid will not grow stronger by not having a roof over their head, probably. They also won't grow stronger from having tons of free money.I'd greatly appreciate like 50k now to get everything in order, but now is the point in my life where I basically am not gonna nigger anything up. Mid-late 20's is when people either get it together or fold. If the money came in now I'd manage it 100% perfectly because I've had the pressure over my head and I've developed all necessary skills needed to not blow it.
>>62107499joke's on u, i ain't having kids
>>62107399>Do they not realize one of the surest ways to ruin a child is to turn them into entitled trust fund babies who will never work for anything?this has always been total poorfag cope and there are plenty of families that have remained rich for centuriesunless you're an actual retard there comes a point where you literally can't be poor ever
>>62107399It's just a phrase that sounds cool, like for me it is Intercontinental Wealth I am after. From there World Heavyweight Millionaire.
>>62107411Hiroshima trvke. It's just a big huff of copium for them to continue living instead of killing themselves
>>62109925>World Heavyweight Millionaire.Good luck. A Mongolian former yokozuna sumo champion went in with Mongolian organized crime and has like $100 million.
>>62107399>Do they not realize one of the surest ways to ruin a child is to turn them into entitled trust fund babies who will never work for anything?I grew up poor. It ruined my life. My kids will grow up different, and if it ruins them idgaf.
>>62110018Yea. There isn't even any valid argument to be made here. Whoever is arguing against helping your children has some dark agenda. Anti-natalism or something.>just raise your kids on low quality goyslop food on EBT surrounded by violent niggers>raising your kids in a healthy white environment with private schools is bad okay?!
>>62107411>All they had to do is learn how to cope with the fact that everything is meaninglessDumb nigger. That is the cope here. Life is meaningless so you create your own meaning. The best meaning you can pursue is creating a brighter future for the next generation
>>62107399I'm going to raise them up poor even though I actually have money. I live in a cheap house already that is less than 10% my net worth. I have a wife who does what I say and will go along with this scheme. It is still a safe place to live even though it is a cheap neighborhood because it is in a small town that is 97% white.
>>62111791Why the fuck should I care about the next generation, if anything I hope they get wiped out
yeah my cousin's dad is rich as fuck and all his kids are entitled to the extreme. They won't say thank you for any gifts or anything. The girls are always traveling around Europe, getting new tattoos and pretending to run some online business or studying art in France while fucking guy after guy. The son is larping as someone running a sport betting business. I'm assuming he just gambles all day with his trust fund. I wouldn't want my kids to be that like
>>62112356classic boomer mindset
I dont think wirk is noble. Work will be automated anyways. Then what will your life revolve around?
>>62107399This is something that really fucks me off because these people don't have kids, don't even have a boy/girlfriend, they aren't even dating or for that matter, looking. But they talk about wanting to achieve "generational wealth". No. Just say, "I wanna be rich n sheeeeeeit", it makes more sense. They just hear a term and parrot it constantly, thinking it makes them appear smart or something.
>>62107399You can't truth nuke yourself.
>>62112233So you’re poor. Got it.
You people are retarded. No one has generational wealth except 1%We will be working forever.
>>62111791>brighter future for the next generationA brighter future doing what?>doing X, Y, and Z, of course!So why aren't you doing X, Y, and Z right now then?
>from shirtsleeves to shirtsleeves in three generationsThere's a reason this saying exists. Generational wealth almost never lasts.
>>62107399The way I'm living right now, still waging hard, I'm grateful my parents can at least help cover groceries and housing. If I can provide just that baseline to hypothetical children with the wealth I'm building now I hope they'd be as humble.I do get to see how generational wealth's fucked up my cousin, he's crashed probably three cars now bought for him by my aunt, he gets his apartments paid for and can eat out often, he's very out of it sometimes but has gotten better from what I've seen.
>>62113681Eating out often really is a sign of wealth if that person can actually afford it. Eating out is so expensive.
