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Old 03-18-2024 | 11:50 AM
  #111  
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rickair7777
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From: Engines Turn or People Swim
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Originally Posted by PineappleXpres
I get where you are coming from, but if you invested in educating your kids helping them through college relatively debt free, then the need to amass multiple vacation properties and a giant portfolio you don’t plan on liquidating in time I think goes against your intent. Air bnb is great, you can do that instead for your travels. You can pay for experiential things instead of amassing and needing income to maintain a lifestyle from peak earnings in the long term. This is a cultural thing we need to start taking a hard look at. I’ve seen some of my childhood peers who make a living managing their families property portfolio and there is a sadness to it.
I'm very, very big on property rights.

I'm just not sure that needs to extend for decades, or centuries, after your death. Give future generations the opportunity to succeed on their own terms, and take justified pride in it. Most trust fund kids don't do too much for society.
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