Generational Wealth
- Thread starter Dave24
- Start date
Ya' Cousin Cleon
OG COUCH CORNER HUSTLA
i'd argue mid-six figures plus assets
BaldingSoHard
Banned
However much it would take for coli brehs to get mad at a white person for inheriting it.
Last edited:
Jhoon
Spontaneous Mishaps and Hijinks
Any conventional assets will do.
As someone who has been around rich white folk for some time (private school, Vanderbilt, etc).. we vastly underestimate their level of generational wealth.
cacs who failed out vandy inheriting a few mill when they hit 21.
I told yall about my coworker who inherited 6 houses in his name so he literally couldnt fail at life if he tried.
I know many many many people who inherited their parents house, land, business so they start their adult life basically having 3 things that normally take half a lifetime to acquire.
Generational wealth to me is setting my kids up so that even if they fukked up and were worthless, they will still live a better life than i did and have some to pass down too. Money, property, business, name.
cacs who failed out vandy inheriting a few mill when they hit 21.
I told yall about my coworker who inherited 6 houses in his name so he literally couldnt fail at life if he tried.
I know many many many people who inherited their parents house, land, business so they start their adult life basically having 3 things that normally take half a lifetime to acquire.
Generational wealth to me is setting my kids up so that even if they fukked up and were worthless, they will still live a better life than i did and have some to pass down too. Money, property, business, name.
This.
Ppl only talkin about money, not mentioning how many cacs own businesses because they were given to them
GENERATIONAL WEALTH IS PROTECTED MONEY. THAT'S ALL. GETTING A HOUSE PASSED TO YOU IS NOT GENERATIONAL WEALTH. IT WOULD TAKE A DISASTER TO LOSE GENERATIONAL WEALTH.
IT'S NO TOUCH MONEY. YOU DON'T HAVE TO DO ANYTHING FOR THE MONEY TO GENERATE ITSELF.
IF YOU HAVE A FAMILY SOURCE THAT PAYS FOR NO REASON AT ALL, THAT'S GENERATIONAL WEALTH.
IF YOU TAKE ALL THE MONEY OUT OF YOUR ACCOUNT, LEAVE TOWN WITHOUT YOUR DEBIT/CREDIT CARDS, AND COME HOME TO MORE MONEY IN YOUR ACCOUNT.
IF YOU DIE, YOUR KIDS INHERIT THE ABOVE JUST OFF THE STRENGTH OF BEING YOUR KIDS.
IT'S NO TOUCH MONEY. YOU DON'T HAVE TO DO ANYTHING FOR THE MONEY TO GENERATE ITSELF.
IF YOU HAVE A FAMILY SOURCE THAT PAYS FOR NO REASON AT ALL, THAT'S GENERATIONAL WEALTH.
IF YOU TAKE ALL THE MONEY OUT OF YOUR ACCOUNT, LEAVE TOWN WITHOUT YOUR DEBIT/CREDIT CARDS, AND COME HOME TO MORE MONEY IN YOUR ACCOUNT.
IF YOU DIE, YOUR KIDS INHERIT THE ABOVE JUST OFF THE STRENGTH OF BEING YOUR KIDS.
ALSO, GENERATIONAL WEALTH CAN'T REALLY BE SQUANDERED BECAUSE THE RECIPIENTS DON'T HAVE ACCESS TO THE PRINCIPAL FUND.
dora_da_destroyer
Master Baker
Supercoolmayo
Superstar
I consider it a business that you can pass down to your kids
You’ll get a lot of different answers in this thread.
And that’s important.
Because it isn’t a singular amount.
It’s an amount that transcends and allows you a “fuller” life.
I have a friend that gets a trust of $250k in a few years and another I went to undergrad w/ that gets close to a million when her grandmother died.
Interestingly enough they’re both half Black and the money is coming from the white side.
Other kids I went to school with may only be getting ~$10k or so thousand, quite a few are getting a house or other valuable property handed down, either after graduation, after wedding, or after an older person dies.
A lot of white people don’t get much more than their parents house, bonds or an interest-heavy savings, an aged stock portfolio or a life insurance policy. If not any of that, they may have just been provided a stable two-family home, a good education, a strong network, and maybe tuition paid for.
The thing is: they get *something.*
A lot of African-Americans don’t get any of the above. Disproportionately so.
And that’s why “generational wealth” is such a hinderance, because any of its forms give a boost to the receiver.
And that’s important.
Because it isn’t a singular amount.
It’s an amount that transcends and allows you a “fuller” life.
I have a friend that gets a trust of $250k in a few years and another I went to undergrad w/ that gets close to a million when her grandmother died.
Interestingly enough they’re both half Black and the money is coming from the white side.
Other kids I went to school with may only be getting ~$10k or so thousand, quite a few are getting a house or other valuable property handed down, either after graduation, after wedding, or after an older person dies.
A lot of white people don’t get much more than their parents house, bonds or an interest-heavy savings, an aged stock portfolio or a life insurance policy. If not any of that, they may have just been provided a stable two-family home, a good education, a strong network, and maybe tuition paid for.
The thing is: they get *something.*
A lot of African-Americans don’t get any of the above. Disproportionately so.
And that’s why “generational wealth” is such a hinderance, because any of its forms give a boost to the receiver.