And that's the rest of the story
Posted on 08/16/2018 5:48:40 AM PDT by ChicagoConservative27
Over the past six years, Lane Fury has collected more than $185,000 in family money. Eventually, Fury stands to inherit roughly $6 million, but the 27-year-old doesn’t see this good fortune as a positive thing.
“I don’t actually want it,” says Fury. “There is this sense of shame or embarrassment, like maybe some of the problems in the world are my fault, so I shouldn’t really be open about [my wealth].”
While many people struggle to pay the bills and make ends meet, those lucky enough to have family money say they have problems of their own. Fury says having a trust fund is alienating and can lead to feelings of loneliness, guilt, depression and confusion.
(Excerpt) Read more at nypost.com ...
Did you ever notice how you can see the ‘liberal’ on some people?
I bet his father is so proud of the strong, independent man he’s raised.
I remember back in the 1980s when Pennsylvania had one of the first really big lottery jackpots of that era. It might have been about a $25 million jackpot. A friend of mine was going to college there at the time, and when I saw him a few months later I asked him how many lottery tickets he bought for that big drawing.
"None," he said.
When I asked him why not, he said: "Because I was afraid I'd win."
I thought he was crazy, but as I've gotten older I've realized there was a lot of wisdom in that.
I saw an interesting article a few years back about Domino's Pizza founder Tom Monaghan. When he sold off his stake in the company he was worth more than $1 billion, but he was careful to minimize the damage his money could do to his own family. He told the author of the article that his own children really only benefited from his wealth in two ways that would have been out of the ordinary for working-class Americans: (1) they didn't have to pay for their college education, and (2) each child was given a new car as a high school graduation gift.
I know a guy out west who is about as libertarian as anyone you will ever find, and yet he is pathologically opposed to legalized gambling because it violates his one core principle: People should have to work for their money.
The reason we see articles like this from the corrupt press is that they are laying the groundwork for the crooked Democrats to tax all the wealth away that is causing such problems among a few irresponsible idiots.
These companies provide jobs for hundreds of thousands of workers, who are able to support themselves without welfare. Their products help make the world wealthier.
On a larger scale, the “trust fund” of our founding fathers also makes them miserable...…………………….
We are in our mid 60's we don't have a problem with over spending, we are very mature, bought a couple of Harley Davidson's, gave money to our adult children for down payments on their homes, give 50% tips to waiters and waitress's when we go out.
One thing I can assure you, we are not depressed about having this money, we are more relaxed and worry free most of the time. The major worry is for our millennial children getting too much money at too young an age if/when we die. Will they act like the spoiled, ungrateful brats featured in this article? We are considering setting up a trust fund and doling out the money annually.
“Over the past six years, Lane Fury has collected more than $185,000 in family money. Eventually, Fury stands to inherit roughly $6 million, but the 27-year-old doesn’t see this good fortune as a positive thing”
My “inheritance” was a $90,000 debt. I’ll trade him.
What a crock!
I’ll be happy to take it off your hands for you. I’ll even donate half of it over time, with interest, to a charity of your choice.
$6 mil will by you a nice house anywhere. That is 4x the median housing price even in SF, the most expensive in the US. $30k for one person is doable, maybe even two with tax credits and living in a low cost of living area (most of the country), but yeah its not a ton of money. $6m on the other hand could safely generate ~$200-300k/yr without ever touching principal.
To rich trust fund babies whining about how having too much money is a burden, I say put your money where your mouth is and give it all away.
Then get a minimum wage job to assuage your guilt.
People need to learn to count their blessings instead dwelling on how bad they think they have it.
I always felt that wealth above a certain level becomes more of a responsibility for the person. What that means is that god gave you this blessing in trust and you to decide how best to use the money. Using this money does not mean you just give it away it might mean you start a business that employs people it also means you have the ability to spot a need within your community like a new playground for the kids or anything that wont be taken care of unless you yourself take the initiative. When I hear a shmuck who is miserable because he has money and he did not work for it. I think he is really miserable because he is not living up to a responsibility he has to take the imitative and take care of the need of the people around him.... Notice I did not say he had to do anything with the money for anyone but himself. What I am saying is if he spent his money only taking care of his perceived wants and pleasure he would remain unhappy because on some level he knows the money can better be used.
What do you consider decent? Six million dollars will buy anywhere from about eight to ten nice houses of 1500 sq ft or more even in better areas. There are plenty of large houses for sale right now in Beverly Hills.
And that's the rest of the story
$6,000,000 will buy at least six (6) two-story 3-4,000 sq foot homes in So. Orange County in the best neighborhoods. Go to No. Orange County and that figure will by ten (10) nice homes in decent neighborhoods. Unless he's talking about the suburbs of Frisco and Silicon Valley he is so off the mark as to make him look even more stupid than his mental problems suggest.
I know, I've lived in my 3,000 sq. ft. 2-story home in beautiful almost crime free Mission Viejo since 1995. It's currently appraised at about $900,000. Of course there are areas in Newport Beach that 6 million won't touch, but this child has no idea what he's talking about.
Sure it's already been said. If he feels so guilty about his inheritance, then just give the damn money away once he is the trustee. Simple fix, but not for his mental issues. Now that he has made his "problem" well known, every charity and scam artist will be knocking on his door.
This is a true Millenial. Self-wealth bad; struggling poverty good. Gawd, I hate this generation.
I never discussed his money with him, but there was one time where we worked alone together on a mundane task for several hours and talked about a lot of different things.
I kid you not: this guy was one of the most discontented people I've ever met. He was one of those people who "knew the price of everything and the value of nothing," and he complained constantly about the costs of things that he could have purchased many times over without even batting an eye. I mean, who gives a sh!t how much a concert ticket costs when you live in a $15 million brownstone on the Upper East Side of Manhattan?
His parents don't come across as having been too bright, either ... they let him get brainwashed with Marxist evil.
Stupid twit.
He set off to prove inherited wealth makes you stupid. He succeeded.
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