Quote:
Originally posted by Choker
Why not spoil them? They are not snobs about it and they sure as hell don't brag or try to act like they are better than anyone else. They are just 12 year olds that will NEVER EVER have to worry about money. They will be taken care of financially so they can enjoy life. What is wrong with this? They're my kids man. They're my motivation and why I do what I do.
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1) kids don't need the money, or at least not now.
2) "never ever have to worry about money" -> well get your head out off your ass and start investing some. Start buying real estate for your kids so they can sell/rent it all in a 10-20 years.
What happens if your bussiness collapses all of a sudden??
real estate man, invest some! Instead of spoiling them.
think about it this way -> because you can afford to spend 150K$/year you can affor a few million$ worth of real estate.
Let's say you buy 10 mill$ worth -> that's about 500-1000K$ rental income/year!! (give or take)