How Much of an Inheritance Should You Leave Your Kids?
Be Wealthy & Smart
Linda P. Jones
4.8 ā¢ 883 Ratings
šļø 29 September 2021
ā±ļø 10 minutes
šļø Recording | iTunes | RSS
š§¾ļø Download transcript
Summary
Learn how much of an inheritance you should leave your kids. This is a conversation you want to have - you may be shocked! How to open the dialogue.
The article is here.
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Transcript
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| 0:00.0 | Be wealthy and smart, episode 937. If y'all know what I mean put your hands up and declare with me |
| 0:14.0 | Yeah, I'm full of pain e-e-e-e-e-h-h-h-h-a I'm gonna live a good life Step into a world of wealth and wealth and financial freedom without budgets, boredom or bosses on |
| 0:31.5 | be wealthy and Smart. And now here's your host, Linda P. Jones. |
| 0:38.0 | Welcome to Be Wealthy and Smart. I'm Linda P Jones, America's Wealth Mentor, |
| 0:42.0 | Empowering Women and Men Worldwide to Financial Freedom. |
| 0:45.2 | On today's show, we're going to talk about how much money should you leave your kids. |
| 0:50.8 | Because lately, lots of people have been talking about what is the right |
| 0:54.9 | inheritance amount for children to receive different celebrities and very |
| 1:00.3 | wealthy people have said they're not planning to leave all of their |
| 1:04.2 | wealth to their children one of those being Warren Buffett who famously said |
| 1:08.6 | he's going to leave much less than 50% of his wealth to his children. |
| 1:14.0 | And there was a study done recently where nearly 70% of millionaires |
| 1:19.0 | said they're worried about leaving their kids too much money. |
| 1:22.0 | So I wanted to share this survey with you. I thought it was very |
| 1:24.7 | enlightening and I have some tips for you about crypto and your kids. So I think that's an important conversation to have and that's what we're going to talk about today. |
| 1:35.2 | So this article comes to us from CNBC and it was written by Nicholas Vega and it says, |
| 1:42.0 | wealthy celebrities like Daniel Craig and |
| 1:44.3 | entrepreneurs like Warren Buffett and Kevin O'Leary aren't the only ones |
| 1:47.9 | concerned about leaving too much money to their children. |
| 1:50.9 | Millionaires are increasingly worried about how much of their fortunes |
| 1:54.6 | to give to their kids. That's according to a survey conducted by the Motley Fool, which |
| 1:59.1 | asked 2,000 high net worth individuals classified as people with a net worth of over $1 million |
... |
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