What is your plan on how to distribute your wealth ?
Will you give it all to your children?
Will you split it evenly ? If not, what will be the criterias ?
Discussion
It’s all going to my kids. The plan is to split it evenly, as long as they meet certain criteria.
I haven’t made anything official yet, but the criteria will be something like.
- finish school
- no substance abuse issues
- no criminal charges
- spouses must sign prenup
- understand principles of investing (I teach them this now even at a young age, so it’ll be easy for them).
- hold gainful employment or run a business
Etc…
Here are mine :
They have to abide by my values :
Freedom advocates
Hard workers
Have children
Thrive to become their best version of themselves: nutrition, exercice, career(business or purposeful work)
Agree that the most meaningful thing in life is to have children
Then I will split according to how many children they will have or intend on having
I will leave 0% to charity (strangers)
I will split according to the
I like this 👌
Finish school..... I wish I would have dropped out of high school at 16 and started figuring out my own way instead of wasting another 6 years listening to idiots.
They don’t have to go to college, but finishing high school is a non negotiable. I’ve never met anyone who did well in life after dropping out of high school.
Thinking back to age 16, I can't imagine spending another 2-6 years in school after that age. Would have been extremely depressing. High school is an obsolete model today for intelligent, curious people. You can start a career or business and start compounding wealth, while still learning more valuable knowledge by researching things that interest you online in a weekend than you will in a year of high school.