Come on, I would consider that to be tougher. Housing is so expensive now. I think my Big Bro is already lining up homes for his children. He may be tough as nails but his heart is in the right place. And, he remembers what our grandparents and parents did for us.
Thatâs funny. My wife is young and in RE. She thinks this forum is a total waste of time 
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Frankly itâs getting to the point where I can anticipate the responses from the regulars, especially when it comes to stocks. Oh yeah did you buy any today? Nope itâs a death trap, or yes I bought one share today, or nope, I bought it eons ago at IPO price, etc. 
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Well only Tesla is a death trap. 
Cuz she is out hustling while you are in the jacuzzi with the sunglasses onâŚ
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I agree with @wuqijun. Westerners too leave inheritance to kids and grandkids. Otherwise we wonât have those tax laws that transfer low property tax basis to kids and grandkids. And didnât Trump just bumped the inheritance tax quota to 10m? Apparently 5m is just not enough nowadays.
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Itâs mostly a fun way to waste time. But occasionally some gems will come here and there that make the whole thing worthwhile.
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I would say only the rich ones do, or folks who have so much that they couldnât spend it all in their lifetimes.
My bro-in-law is white. His family wasnât well off, but from what I can gather though, his folks came from the school of âyouâre on your own after college, donât expect anything from us.â So, he came to the Fab 7x7 and had to room with a bunch of guys and just work and save. His folks burned through their cash and enjoyed their lives for the most part. So in this case, that cycle of transferring oneâs wealth simply does not happen.
Hey! What other response do you expect a retiree to give? Itâs not like Iâm still earning a salary and have extra money to dump into my 401k every monthâŚ
So have you guys turned him into chInese yet? Will he leave money to his kids?
Who knows. Maybe you can go big and buy one share of FB today or start reciting the death trap slogan. That would spice things up.
So your sister didnât marry him for money thatâs for sureâŚ
So this is where it gets crazy in my family⌠that sis and bro-in-law like to spend like there is no tomorrow. Where the F did they learn that from? Our parents didnât have a lot of money.
Sure, they indulged their kids in nice vacations every year but they are probably the worst financially amongst all of my siblings. Go figure. To answer your question, no, no money is going to their kids. They got a better shot from Uncle sfdragonboyâŚ
Since you donât have any kids of your own, maybe you can adopt one of them from your sister and treat them as your ownâŚ
No, I prefer kids that are really driven and hardworking. They are too soft. I told my wife if any of her nephews or nieces show promise, then I would take them on as a godparent.
I made some friends, not a total waste of time. It is also a sink where i spend my braindead time. Or some meeting time.
Act fast for popping baby out?
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Wow, you give up easyâŚ
Leaving kids no money doesnât build character. Characters are built when they are young. If you take them out to fancy vacations couple times a year I donât see any character building at all.
Say if the kid is all grown up and struggles to pay rent, while the parents are blowing money off and having a swell time, how does that help? The only thing that gets built is resentment towards parents.
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