I Will Never Tell My Children We Have some Money

Although we're not super rich nor are our bank accounts ultra-fat (we are doing ok - as therapists, how much can we make man). I know we will do even better in the near future as we continue to hustle, save aggressively and invest prudently yet aggressively.

But I've seen quite a fair share of children of families whose parents have some/lots of wealth who have decided that they don't or won't work because they THINK that they don't need to.

Maybe they were told by their parents, or maybe they see/think that they're rich already, so what's the point of working? Or maybe no one told them.

Personally and professionally, this behavior (or lack of) both irks and disgusts me. Maybe because we've always been strugglers and go-getters who had to hustle to get to where we are and for what we need, and then more.

Regardless, this behavior isn't healthy, because we humans need a reason(s) to excel and do what we do.

And that's why people like Tony Robbins in his research, found that people with LESS resources become successful by increasing their resourcefulness; and that people with more resources, perceived or real, become less successful because they become less resourceful by thinking/believing that they have little to no reason to be successful or driven.

This is the core reason why I will not give my children a lump sum of inheritance, and I will tell them openly that they need to earn their own keep - it is this that I believe and hope that they will find something meaningful that they will both enjoy doing and earning good profit from.

What some billionaires are saying about not giving their children wealth

  • Mark Zuckerberg and wife gave 99% of their wealth (about $45 billion) to Chan Zuckerberg Foundation.
  • Bill Gates plans to give their children a miniscule amount as "it will mean they have to find their own way." Bill believes it will compel them to rely on themselves. "It's not a favor to kids to have them have huge sums of wealth," as "it distorts anything they might do, creating their own path."
  • Chuck Feeney, founder of Duty Free, was once worth $8 billion, but has been quietly donating most of his wealth away, and is now left with $2 million. His daughter Leslie Feeney said "it is eccentric, but he sheltered us from people using the money to treat us differently," and that "made us normal people."
  • Warren Buffett, currently net worth $77 billion, said he wants to leave his kids $2 billion each only - "'enough money so that they would feel they could do anything, but not so much that they could do nothing.''
  • Michael Bloomberg is leaving his $50 billion to philanthropy organizations. He says "if you want to do something for your children and show how much you love them, the single best thing — by far — is to support organizations that will create a better world for them and their children."
  • Andrew Webber, most noted for Phantom of the Opera and Cats, worth $1 billion says that he won't be giving anything to his children. He said "I don't believe in inherited money at all," and "I am not in favor of children suddenly finding a lot of money coming their way because then they have no incentive to work. So I will give them a start in life but they ain't going to end up owning [my company]."

We don't have THAT much money...and though I think it'd be fun to make billions by creating great value for the world. (I'm striving to achieve personal net worth of $5-10 million).

...but even when we're worth lots, I don't think and still stand by the fact that I won't leave anything for our children - they HAVE to find their own way, and I don't want wealth to be a crutch to their personal growth either by them decreasing their resourceful or because others treat them differently.

They need to struggle, live and grow as normal people.

I want and expect my children to increase in problem solving, resourcefulness and become useful and a positive factor in this world.

They definitely won't do so by being complacent, nor by thinking they don't have to.

Ugh.

But I will teach and show them the immense benefits of

  • learning to enjoy learning and applying learning
  • aggressive savings
  • aggressive investing
  • entrepreneurship and hustling.

How far they want to go or not - it's their choice.

Where to next?

A) Take a look at my Books and buy whichever interests you (thank you for your support, I appreciate you!) =)

B) Tools & Resources I use to improve my life

  1. Christianity: Bible Gateway & Verse of the day (free)
  2. Website + Hosting for Small / service business: Solo Build It
  3. Health: 
    a. Men's Daily Pack Multivitamins
    b. Gut Health, Digestion & Probiotics Daily Supplement
    c. VigRX Plus (Bigger, harder & long-lasting erections
    d. Bigger Cumshots & Load (Better visual & orgasms too) 
    e. Brita Everyday Elite Water Filter Pitcher / Jug

C) Topics & things that interest me

  1. Eternal life and salvation: Jesus Christ the Way, the Truth & the Life
  2. Fix Your Health: Get healthier, live longer, run faster, more energy, fuck more
  3. Passive Income Lifestyle: Build financial security by buying & building assets that provides you recurring passive income.
  4. Loving Relationships: Attract, build, grow & maintain relationships you love
  5. Leadership & Fatherhood: Leading by example, communication & consistency.
  6. Philanthropy: Giving to projects & people you care about.
  7. Active Philosophy: Conscious, Purposeful Faith, Hope & Love
  8. Productivity & Effectiveness: Doing what matters most with less and ease.
  9. Insure yourself and your loved ones (Health insurance is important)
  10. Add-on Adventures: Become rich and wealthy
  11. Add-on Adventures: Build businesses that adds positive value to your society and life
  12. Success Principles

D) Visit the Blog for latest articles and updates

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Take action TODAY: One year from today, you'll be one year older. What would you have done by then?


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