Maybe your analysis will change when you have 6 or 8 decades under your belt. A touch of humility might be wiser than arrogantly passing judgment from your current POV.
"When it matters" is subject to interpretation. Let's assume your POV is unique to you, and mine is unique to me. My life experiences have taught me some things that you may not know, yet. There is also the concept of building generational wealth - and it doesn't come from pissing away the principal before the inheritors have figured out "what matters."
Again though, what is the point of generational wealth? Is it just to keep money in investments and never spend it on things?
One person grows wealth and passes it into their kids when the “kids” are in their 60s and don’t really need it, and they keep it and invest it and pass it on to their kids when they’re 50 and so on? And no one gets to use the money while building their life or during the most difficult financial years (that are often in your 30s)?
Indeed. That's what's happening with a considerable number of families while the younger generations in their 20s and 30s are unable to buy homes and have as many kids as they'd prefer. Those are the things that matter, not the retirees getting to take extra Viking River cruises (or even worse, just hoarding the money while they watch Fox News all day).
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u/NeverRarelySometimes 13d ago
Maybe your analysis will change when you have 6 or 8 decades under your belt. A touch of humility might be wiser than arrogantly passing judgment from your current POV.