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My mother in law uses the term "Fur coat, no knickers"
I'd be interested to know what was the turning point that made them suddenly change their spending habits.
We just experienced a death in the family, someone very close. It changes your perspective alot..
Overall, I think it taught me to be more tolerant of people's decisions, even if I disagree with them. I must be mellowing in my retirement phase.
I felt like driving around to find these people and slap them around a bit.
So they better buy a really GOOD nursing home!!
Do we "want" to leave the kids with $???? or just leave them with enough $$ to bury us?
We decided... "enough $$ to bury us?"
A lot of assumptions in there.Did you recieve any inheritance from your parents? Will that be passed on? I find it intriguing-the whole baby boomer generation seems to be the greediest we have ever seem. Raped and pillaged the world, polluted it, taken what they could from their own parents who lived a hard and frugal life and then are happy to leave nothing for their own children...nice....
A lot of assumptions in there.
Bitter, much?
I see our point of difference. We must mix in different circles. I don't know anybody who inherited anything substantial; maybe a few 10s of $K that was "left over", but nothing that changed their life. Everybody I know has made their own wealth (or not ), and as such, I think they're perfectly entitled to do whatever they want with their money.Fact is this baby boomer generation has in many cases inherited generations of hard work and saving from their decendants, only to then decide that they are the centre of the universe and everyone else can look after themselves. ... Why should this generation be the first to spend all and not pas on? Would you not say that is selfish? This is of course asuming they inturn recieved something from their own parents...