@kierank knows only too well about having an excessive admiration and interest in certain parts of himself...
Doesnt it seem nice to have a family fortune that keeps building while each generation enjoys the fruits of the ancestors time and labour? If compounding is the biggest factor, train your descendents to enjoy the fortune created by your ancestors time, but then leave it to the next generation.
What's the saying? "First generation makes it. 2nd generation maintains it, 3rd generation blows it"? I'll be doing all 3 steps in one
@TAJ Your role in this would be to bug them for grandkids as soon as possible and as many as possible. That is where the joy is at for you - you cannot go wrong with that approach as they will understand where you are coming from. Weighing up the pros and cons is their role.
Watching "Mirriam" last night - about ageing and death - and there was the most hippiest, bogan looking guy who had spent $30mil of his "inherited" money on all sorts of hocus pocus trollop to extend his life - looked way older than his years
I love this! I am also likeminded like you! I can see with the right mindset how this can change generations. What a great gift. Im going to be doing the same. To me if I can help anyway I can and travel the world throughout my life then Im happy!
My dad retired at 45, and passed away at 91 - and didn't really skimp too much. He gave each of the children $40k a little while before he died - he wanted to see us enjoy it (we took a three month world trip). None of it was to go to grandchildren. When he died, there was a similar amount left in his estate. He (and my Mum) started their life struggling, worked hard to earn it, and then ensured that they used most of it. Well done to them.
A quick update : Got off the phone about half hour ago with my son. He has decided to bite the bullet and is searching for a property to the west of Noosa as he simply can't afford to purchase in Noosaville itself. Keeping his wife happy is his main concern and they will now be trying for children. He seemed relieved to have come to this decision. So am I!
It's a fairly ritzy area. The National Park is quite spectacular. Many restaurants, bars in the area also. Enjoy your time there.
Too many Mexicans up there for my liking. Oh, I just realised you are one of them. You will probably fit in . Especially as:
