Friday, July 28, 2023

Hear the boomers bray, on their retIrement videos, of their 2 millionish portfolios, and their 50k-ish money market accounts. Have ro wonder,

what the percentage is of these fortunate people who had received an inheritance 10 or 15 years ago (from parents who remained committed to their wedding vowels).  Even 100k can grow, if put away (instead of blown on fake-rich vacas).  Any wonder, young people (so hampered with student debt) hate boomers; can't really blame the young folks - many of whose parents will leave them nothing, because the vacas/divorces rob both genders (basic arithmetic).  An inheritance, put away to grow interest, is a good leg-up, for later in life, when health issues may not allow one to keep working.  

All's i know, are several people, with lots of money; they had parents, who actually thought enough of their children, to forgo silly vanities, in favor of laying up funds for their children/'s children.  One widow had 70 acres of land, of which her five children inherited; that's 14 acres per kid.  Land values around here?  Probably about a half million per kid.  Another received, from his father, acres of some ranch out west.  Still another, is the son of a doctor - his widowed mother had thousands, just laying around her (long paid up) house.  That little snippet of info had been announced, by one of the heirs-to-be, right in the face of a wastrel 's widow, who had, maybe 2k - if that - to her name.  Definitely, a what-th'-hey-just-happened! moment.

Shift fixing to start.  Wanna grow some money.  Bye :)


"A good man leaveth an inheritance to his children's children : and the wealth of the sinner is laid up for the just."  Proverbs 13:22

1 comment:

  1. my mother has two houses while I fear homelessness. I realized I never really had a family in any way that was important. They were all selfish and left the farm and lost the land except one parcel now.

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