For me it's along the lines of Percy, just freedom.
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Yes that is true.
Perhaps it is even too much, anyone I worked with or know that's say in their 30's 40's if it was known they had been provided a mortgage free home, everyone would lose respect for them massively. So in a way it doesn't give them a chance to stand on their own two feet.
Probably different in Auckland and for a chick it's maybe different but any dude would need to take a long hard look at himself before getting a house from Daddy if he wants to be able to stomach what he sees in the mirror.
I wouldn’t worry about telling people you were given a mortgage free home. They think the same if you’re mortgage free whether you earned it yourself or not in my experience.
Yeah but them thinking the same vs you telling them is pretty different.
I would worry about it massively.
Standing on my own two feet is at the core of my being.
People who know you should be able to figure out if you are a gun that earned it yourself vs given it. Super obvious.
I will reluctantly agree with SR ...making children capable of building their own world has much greater meaning then being provided the most important dream of anyone on earth ...own home ....the joy and the confidence which comes from achieving it yourself far exceeds the security and happiness of getting it on a platter . But then when parents look after children in fact they are actually looking after themselves in a way ...it makes them feel more satisfied and accomplished then maybe the other way round . But agree with Percy's thoughts about getting inheritance at the right time ...so whats more important ...I think children's sense of accomplishment and self achievement thus confidence in themselves will do them more good in times to come when we are long gone ...it will prepare them better to be in a world on their own ...which eventually happens for all .
I do have a story to tell and have tried to follow what I wrote above ...luckily it has worked out very well ...so far but hopefully for ever ...though I did change the canvas for them by immigrating to a more easier society with much better reward to hard work/ focus ratio .
But I am only sure of one thing ...love and caring flows naturally from parents to children ...thats nature !
Not anyone on Earth... Not me. Almost as bad as owning a Yacht just a bloody nightmare.
I'll take the money.
But yes as for the rest, it's obvious.
Handing to them on platter could totally destroy them, hard to have self respect when Daddy handed it to you and once you have been given it there is no going back. You will never know if you could have made it on your own.
One thing with Percy’s kids when they get old like him they’ll be able to take out a reverse mortgage with Heartland to say buy a new car and travel around the world …… Percy looking after them forever
It is for me.
The more research I do the better the results I achieve.
I do not invest outside the share market.
My investment principles are based on the book by Jim Slater "The Zulu Principle".
Simply put, earning per share growing at a higher rate than their current PE ratio. PEG ratio.
Smaller NZ and Aussie companies are where you find the gems.