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“A good man leaves an inheritance to his children’s children”

‭‭Proverbs‬ ‭13‬:‭22‬ ‭

I’ve never understood the older generations’ desire “not to spoil” their kids. It’s an excuse to spend it on themselves.

If you aren’t leaving an inheritance for your children and your grandchildren what’s the point?

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Discussion

Ryan Reynolds 3w ago

Part of he problem is seeing adult offspring (often 45-65 years old) as ‘kids’.

I fully agree with not spoiling kids in their formative years (look at a child stars), or having 18 year olds be handed over millions.

But we’re talking grown-ups here, many of whose kids are younger adults, as well, due to the increased longevity.

I fully intend to leave inheritances to my children - and not have it be a ‘surprise’ after a funeral (seems like a Boomer trend). Knowing allows planning, which tends towards better outcomes.

That doesn’t preclude large charitable giving before and at death, but I see it as ‘yes, and’, not ‘either, or’.

Clayton 3w ago

I plan to give my kids their inheritance when they need it instead of waiting until I die and they are 50+ years old.

IMO it’s a process of teaching them how to view money and work appropriately so when they have it they have learned to save, be generous, and be content with what they have.

But I want my kids to get their inheritance in their 20s instead of 50s.

Ryan Reynolds 3w ago

Looking back, late 20s or early 30s would have been ideal for me.

Not sure if you are in the US, but tax laws play a big part in the when/how as well.

Clayton 3w ago

I think that's true for everyone. You need money more in your 20s and 30s than later in life.

Grace and Truth 3w ago

Children's children - that's the generation that's just getting set up, as grandparents pass away. So much wisdom in including them.

Clayton 3w ago

What’s your stance on nursing homes?

Baerwaldt ⚡️ 3w ago

Another perspective is a book called Die with Zero, give this a read.

Clayton 3w ago

Good perspective?

I’ve heard very negative things and would disagree strongly with that book from what I’ve heard.

Sat Nakamoto 3w ago

Maybe the point is the grandchildren will have to show proof of work.

iru@localhot $_ 3w ago

Leave hints to the treasure vault. From after life watch them fight each other on a battle Royale to see who among them is more worthy.

Keith Meola 3w ago

My Mom enjoys spending her money on doing stuff with me and ny brother, like family vacations

josh 3w ago

“I came to hate all my hard work here on earth, for I must leave to others everything I have earned. And who can tell whether my successors will be wise or foolish? Yet they will control everything I have gained by my skill and hard work under the sun.”

Ecclesiastes 2:18–19 NLT

The duality of King Solomon.

Clayton 3w ago

Absolutely. So much insight and complexity from someone with so much wisdom and wealth.

All is vanity. These discussions about wealth are nothing in comparison to our calling to fear God and keep his commandments.

BILLIONLIKES 3w ago

The harsh reality is most people don’t have enough money for themselves let alone to leave an inheritance.

And this is just my opinion, but I would rather see my parents spend every dime they have enjoying their lives and remaining time with me vs being more conservative just so I get some cash when they die.

Clayton 3w ago

Agreed. I would also rather my parents spend every dime then leave money behind when they die. But personally, I would rather set up my children for their life than spend all of my money on enjoying this life.

Student of Life 3w ago

“A good man” leaves an inheritance of not only wealth, but also wisdom and discipline to his children’s children. I think the sad reality is that a man will sacrifice his family for the sake of gaining wealth or ease. Then when he is old, his heirs are entitled and lazy and he resents them because he fails to see it as the result of his own neglect. This is why a good man will be revered for generations, while the hope of the wicked will perish with him.

Clayton 3w ago

Tried to zap you but it didn’t work

nicodemus 3w ago

You can do both. I have worked hard so that there may be an inheritance for my descendants. But that inheritance can also have rules and limitations to prevent “spoiling”.

But I get your point.

Clayton 3w ago

You have to train your kids to be able to handle money properly.

But I don't believe that giving your kids money early on in their lives automatically means they will be lazy and spoiled.

It is a challenge to find the balance.

nicodemus 3w ago

Past performance doesn’t guarantee future performance.

You can train your kids well, as I’ve done, but you have no idea what kind of environment or temptations they’ll run into later in life. And certainly not grandchildren.

Gotta have some boundaries in play. No one respects the money like the people who first made it. I don’t see how it’s possible. There was no shedding of blood, tears, and heartbeats.

Clayton 3w ago

Nor does withholding money guarantee hard working, appreciative children and grandchildren.

We are responsible for what we do, they are responsible for what they do.

As for me, I want to set them up early in life and train them best I can. If they put God first in their lives, that’s what really matters.

pietre 3w ago

I don't think anyone's entitled to anything imo. It's THEIR MONEY. Whatever they end up deciding to do with it it's up to THEM.

Clayton 3w ago

I believe there’s a moral standard established by God that would say it is better to provide for the next generations than to blow your money on frivolous things in this life.

In that sense, there are better and worse ways to use your money even if it is YOUR money.

Y⚡ 3w ago

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