It's not that he doesn't spend it, we've done our fair share of traveling, but he is definitely somebody who likes having money in the bank, don't know what's he's saving for though

Yeah fair enough we all have our different experiences with different sorts of people. I think it's a shame when people let money rule their lives. The way I see it, the more you worry about controlling your money, the more money controls you.
It's not easy to balance it out, but I'm super lucky to have a fantastic example for this.

Blame the parents and not the amount of money they have. These are two different things.

And what about the people who blows all their money on gambling or drugs and don't have enough money to put food on the table for their family? These people are much worse than the ones setting up their kids for life with a trust fund.

Edited by SocaWho: 25/8/2014 12:21:34 AM

Then she'd have to get married, and some poor bloke would have the frightening task of having Notor as a father in law ;)
Yeah, I'm not saying I know the right time, I'd just love to know his thought process behind choosing 21, or if it's something he hasn't given much thought to yet.

Look I hate trust fund kids . I've known plenty in my time and they made my life miserable . They are now working in dead end jobs because mum and dad said enough mooching and start working . These guys are in their forties ffs

Don't we all, but there's certainly a way to do both, let me assure you of that.

Spare a thought for Warren Buffet's kids.

He plans on giving them nothing at all. :lol:

Did I say dirt poor? Ffs I want my kids to learn the value of hard work .to earn money and not treat money as like there's no tomorrow

Maybe on her wedding day would be better? Giving her money at 21 might give her an excuse to not push herself in her career.

In a very selfish way it is frustrating, but it's what he's worked for and he has every right to do with it what he wills and I know giving money to those who need it beings him endless joy.

Out of interest, why 21st?
As a 21 year old, I know I'd love to have a chunk of inheritance now, but when I have time to think about it, I realise I'd be better off with money later when I've had a bit more time to sort out the course of my life in terms of career, family and financially.

At the end of the day it comes down to the parenting...not the amount of wealth that one has that can attribute to the kids possible demise. Which you've demonstrated here.

I'm in the relatively same position, and tbh if my dad gave what he has away I'd be pissed :lol:

Edited by roar #1 : 25/8/2014 12:04:56 AM

If this is in reference to my

Edited by mvfcarsenal16.8: 25/8/2014 12:05:52 AM

I plan on giving my daughter a significant chunk of money via trust on her 21st birthday, or split evenly if we end up with more kids.

My job is to keep it a secret from her until then, grow it as much as possible, and teach her how not to be a vapid shitkunt of a human being so that she doesn't become the next Paris Hilton.

Thats the point MVCArsenal is missing...he assumes people who give their kids any large inheritance works out for the worse than for the better. Totally blind thinking. Sure there are examples of some who have fallen down the wayside such as Neville Wran's daughter, but you know what I'd rather die knowing my kids had a roof and food on the table than to be dirt poor and not having somewhere to sleep.

Edited by SocaWho: 25/8/2014 12:04:28 AM

That comes down to parenting and setting an example of how to use money. I'm lucky enough to have an old man who sets an unreal example money wise. He's worked his arse off for 30 years and has made a hell of a lot of money, but he doesn't care about it. Gives a huge percentage of it away and chooses not to live lavishly. Modest home, modest suburb, modest cars ect. I know I'll never make anything close to what he has (a teacher compared to a high level exec) but at least I know how to treat money should I unexpectedly have money in the future.

And whose to say you can't educate your own kids the value of money whilst at the same time setting them up for life with a trust fund. MVCArsenal has this stupid perception that all trust fund babies are spoilt rotten and don't know the value of money. Maybe he should look at Donald Trump's kids as no better example of trust fund kids who work hard and KNOW then value of the dollar.

Yes, it's just a bigger value then the average person would work with.

Again does that teach them the value of mo eg??

Joffa . And the mod team .

If this is in reference to my comment, I was making a "the office" reference, it was one of Steve Carrells many great one liners :lol:

And TBH id love for my kids to be trust fund babies. because it would mean I've accomplished my goals and made a shit load of money.

This was for roar#1

Whats to stop me from making threads just because you don't like it.

When did I ever say this...again you miss the point.

Learn to take it ? Learn how to how to stop making shit threads

You want your kids to become self obsessed ? And trust fund kids? That's gonna end up either your kids not knowing the value of hard work and the dollar and they end up hating you .

I will say this...if you want to give it....learn to take it.

I have 2 of my own who I want someday

Because you insinuated I need to go back to school . Go out in the real world .