I’m Spending My Kids’ Inheritence

How would you respond to this bumper sticker — “Right on!” or ”How selfish!”

Billionaire Warren Buffett will say “Right on!” every time.  Why?

“In life, you’re not entitled to a free ride.” ”Money or life?  I chose life.” “Life is what you make it .”

Do you know of a family or two who no longer speak to one another after fighting over their inheritance?  If parents leave nothing, children may resent mom and dad.  So what?!  They’re already at a much better place.  Resent all you want.

More importantly, families who continue to inhabit the land of the living will have an ongoing relationship — birthday parties, Thanksgiving dinners, and all that jazz!

“Give enough [to your children] but not enough to do nothing.”

Mr. Buffet, you are brilliant!