Posted on 01/15/2023 4:36:57 AM PST by blueplum
In a new interview with Us Weekly, Marie Osmond opened up about motherhood and defended her choice to not to leave her eight children an inheritance.
'Why would you enable your child to not try to be something? I don’t know anybody who becomes anything if they’re just handed money,' the show business vet, 63, said....
....She was filming an episode of The Talk when she noted, 'I think you do a great disservice to your children to just hand them a fortune because you take away the one most important gift you can give your children, and that’s the ability to work.'
The actress explained, 'You see it a lot in rich families where the kids, they don’t know what to do and so they get in trouble.
'Let them be proud of what they make. I’m going to give mine to my charity.'....
(Excerpt) Read more at dailymail.co.uk ...
I know tons of people that make $75K a year.
I know zero people that saved $200K in a decade.(With $75K as income)
I told both my in laws and my parents.
“Die broke. Bounce your last two checks.”
L
Marie was always a bit wacky
I’ve set up a simpler version of that. The kids get an initial sum. If they increase their net worth, they get the remainder. If they don’t, they get the remainder in installments over time. (My kids are all financially independent.)
My kids won’t have much once I am about to keel over.
Enough to bury me and buy a car.
I’m not working my butt off to breed laziness and live a passive lifestyle.
The legacy I want to pass off on them is to work hard and earn your place in the world.
Seems to me that she’s not too confident in how she raised her kids.
THAT’S where the problem would be or not regarding money and responsibility.
Can you imagine how many state of the art animal shelters could have been built with money pissed away on Ukraine?
So who will she her money to. Her Mormon Church?
“My parents died at 96 and 97. Their inheritance has made the retirement of my husband and me more financially secure. I am very grateful.”
Same here.
It is a good solution—does not spoil you during your working life—and we lived (and still live) modestly.
We raised our now-adult kids to the best of our abilities and set them free when they were of age. It’s not up to us to manage their behavior now nor from beyond the grave. They’ll each receive 50% of what’s left after my wife and I die, and they’ll be responsible for the outcome.
I remember that book.
“...while the US Cat Fund (pick your charity) spends your millions on lavish parties...”
To say nothing of what it does to the cats! Makes them lazy, they won’t hunt for their own food anymore, they just sit at your doorstep, don’t have to worry about being euthanized at shelters...
Three bio kids, five adopted. One of the adopted kids took his own life in 2010.
I think it depends on how your kids behave. If they’re decent, hardworking and thrifty, leave ‘em something. If they’re otherwise, leave it all to the turtles.
Marie might not understand that much of her success might have come off the backs of her children. Also, does she want strangers to take care of her later in life, or her own family.
Legacies are forever Marie. Don’t be stupid.
Leave them enough to do something but not so much to do nothing.
I remember her son’s suicide. Horrific.
Yes, we live modestly too in our 600 sq.ft condo. The inheritance has made possible the development of some very satisfying hobbies. For example, I have taken 87 credits studying art and photography at the community college. I am currently taking a course in printing at a nearby university. Recently, I purchased an electric trike that I take out twice a week for my commute to the university.
Life is good and I am soooo grateful.
Our children are well into their late thirties and forties and doing well. Even if my husband and I were to die today, our children would use their inheritances wisely.
Withholding an inheritance to heirs by a parent might do more harm than good by preventing the productive heirs from benefiting consumers by accumulating capital and increasing productivity.
Well, parents always have the alternative of using the Joe/Hunter Biden template for helping a child.
There is always that hookers/porn/cocaine route for your offspring. That is one version of showing “love” to your child.
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