StevenB on Nostr: The Boomers (my parents) were/are fucked. The question I continually ask myself, is ...
The Boomers (my parents) were/are fucked. The question I continually ask myself, is what would I do differently? What are things I will do for my children and grandchildren that my parents should've done for me and my children.
Every one of my parent's siblings got a sizable inheritance. Not a single one used it to help their children starting out. They bought jet-ski's and remodeled their houses. My inheritance will not be going to my children to be squandered on frivolous trinkets. I will be leaving it to my children's children, to give them a head start.
Imagine not having to pay a mortgage or rent for 40 years, and being able to take that money and invest it and compound it over 40 years. That one small act of giving them a boost early in life could build generational wealth.
I am also not done being a father when my children turn 18. When they have their own children, I will be there as a mentor, both for my adult children, who are now learning how to be parents, and for my grandchildren, who need the patience and wisdom of one who has been through the difficulties of raising children.
Anyway, it sounds like an interesting book.
Every one of my parent's siblings got a sizable inheritance. Not a single one used it to help their children starting out. They bought jet-ski's and remodeled their houses. My inheritance will not be going to my children to be squandered on frivolous trinkets. I will be leaving it to my children's children, to give them a head start.
Imagine not having to pay a mortgage or rent for 40 years, and being able to take that money and invest it and compound it over 40 years. That one small act of giving them a boost early in life could build generational wealth.
I am also not done being a father when my children turn 18. When they have their own children, I will be there as a mentor, both for my adult children, who are now learning how to be parents, and for my grandchildren, who need the patience and wisdom of one who has been through the difficulties of raising children.
Anyway, it sounds like an interesting book.