What Would You Answer Your Son If He Asked You How Much Money You Are Leaving To Him When You Die?
Like Billionaire Warren Buffet has said....I'm leaving you nothing. It is not my place to leave you anything when I leave Earth(die). It your place to create your own with your own two hands.
I assume by the question his is an adult or close to it. So I would have an adult conversation with him. Tell him since you do not know when you are going to die, you really can not say. You can ask, Why? Because in reality you do not have to leave him anything. Once you have raised him to adulthood, you no longer are required to provide for him. A good answer would be nothing, all I am leaving is enough for my burial. Good Luck.
I would tell him that the financial direction I have and will continue to give him is more valuable than anything I could leave behind. If I left him $1,000,000 and he put it in the average mutual fund last year, it would be worth $650,000 now. If he left it in 'safe' savings accounts, inflation would outpace his interest rate and he would be guaranteed to have less buying power every year. But, if he paid attention to how I invested during this recession, he would be able to turn every economic downturn into a powerful investing opportunity instead of losing his inheritance. The money I'll leave behind will go to charities that teach financial literacy for those who don't get the learning opportunity he was given.
How much I actually leave to my kids might be equal to how much they have claimed to have donated to non-profits on their taxes over their lifetimes plus the amount of time they've spent helping the community.
Why would they ask? It's not a question I would ever ask my parents.
I agree with Cagsil. I would say I am leaving you nothing. I'll spend it all before I die
I'm with Uninvited Writer and Cagsil on this one... it can only corrupt him if he's waiting for you to kick the bucket
You could say you a splitting it with all the siblings. My parents are spending everything before they give me anything. You could say what assets you own etc to give him an idea about what you own.
I'll tell him I WANT to leave him a lot money so he can live a comfortable life. But if in case I have spent all my money before I die, he shouldn't be mad. I'll still leave my cookware sets and TV set - he can still use those. :-)
by albertovich 14 months ago
If your teen is 18 years old and wants to leave home can you legally stop him?I still have this issue going on... I hope its a momentary laps of reason on his behalf.
by Baraccuza 12 months ago
Many people writing different things. But I and I'm sure that many other people would like to know the potential of hubpages. Thanks for answers.
by Carolee Samuda 4 years ago
I have been thinking about leaving for a while, but I know that in those times I have had something else going on that depresses me a bit. It started when I lost my brother and I began to, somewhat, lose that oomph I had for writing and publishing here.What about you?
by exquisitestill 8 years ago
What legacy would you like to leave behind in this life?It could be to your children, grandchildren, students, or even complete strangers.
by Abodabt 4 years ago
How much money do you need to open a pizza place
by Deborah-Lynn 8 years ago
Originally the Question was "Someone just gave you a thousand dollars, how would you spend it", but the answers lacked a bit of inspiration, it was brought to my attention that $1000.00 isn't inspirational...most would use it to pay bills, etc. so think bigger...how much money would...
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|