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Your kid grows up to be rich

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Your kid grows up to be an actor, musician, pro athlete, writer, savvy business professional, ect. and just got a contract worth 10 million after taxes, with more to come in the future.

You work a 9 to 5. Your life isn't a struggle but it is a semi-stressful to very-stressful grind at times. You either rent or pay mortgage. You also have a car note along with other normal bills.

Do you demand you kid shares the wealth?

Would you expect your kid to give you money?

Do you hope in secret that your kid will make your life financially easier?

Do you don't care if your kid takes care of you?

Would you kindly refuse any money your kid offers you?

Let's say in the scenario that your kid gives you money it will be 5-10% of what they make on that first contract.

Bonus question: Would you/do you give money to your parents if you were/are financially well off or rich?
 

Velcro Fly

Member
I'd like to think that my kid loves me enough to help me out and that I was a good enough father for him to want to help me out.

If I ever got rich I'd probably buy my parents whatever they wanted whether it was a house, cars, RV, travel, etc. No question about it.
 
I will demand for the kid to pay up for all the food he ate at my house.. and the damages he did to his mothers vagina.

Would definitively give money to my parents if I was rich, they have always helped me when I have needed it financially.
 
My kid's life is his/her life. If he/she wants to give, cool. Raising a child to do well in life is all the reward I would need.

If I had $10 million, I would give $500K to my parents so they could build their dream house so my dad can have his fantasy pinball arcade basement, I would give $500K to my sister so she could ensure financial stability for her newborn baby (2 months!), $500K to my father-in-law so he could have a home to live in (he lost his career and his wife divorced him and took everything, but he's a good man), and $500K to my best friend so he could have some leeway in life.
 

levious

That throwing stick stunt of yours has boomeranged on us.
Having my child be finacially secure would be a significant enough boom to my own finances and peace of mind.
 

Feroce2

Neo Member
If I raised my kids right, they will be generous people regardless, but I won't sit there with my hand out.

Even if I never become rich I'd give my parents anything they needed. I had a good life thanks to them.
 

Soup Bar

Member
If I were managing by myself, I don't think I'd want them to blow their money on me, especially if they are a pro athlete. There's this ESPN 30 for 30 on Netflix about athletes making bad decisions with their money, and now are flat broke. Everything from blowing their money on cars, houses, women, to bad financial advice to their families ruining them.

If it was for a good reason like, my house blew up, then I would probably ask for help.
 
Yeah, hopefully my kids grow up to be the kind of person for whom buying your parents a house feels awesome. I know if I was rich, setting my parents up nicely would be hugely rewarding.



If I were managing by myself, I don't think I'd want them to blow their money on me...

This is a good point. If there's any question it would be too much or they couldn't handle it, then of course I absolutely wouldn't want anything. Only if they're in a spot where setting up your parents is funny money.
 

Herne

Member
Do you demand you kid shares the wealth?

No.

Would you expect your kid to give you money?

No.

Do you hope in secret that your kid will make your life financially easier?

Maybe.

Do you don't care if your kid takes care of you?

Maybe I'd be a little resentful, but I'd accept it.

Would you kindly refuse any money your kid offers you?

Depends on how much they're offering. Money outright, probably would refuse though.

Would you/do you give money to your parents if you were/are financially well off or rich?

Hell yes, but I wouldn't expect it of my kid. I'm there to provide for them, not the other way around. If they do so, that's a kindness, but I wouldn't expect it. Not that I'll ever have kids to begin with, but still!
 
D

Deleted member 1235

Unconfirmed Member
Do you demand you kid shares the wealth?
NO

Would you expect your kid to give you money?
NO

Do you hope in secret that your kid will make your life financially easier?
FUCK YES

Do you don't care if your kid takes care of you?
NO

Would you kindly refuse any money your kid offers you?
HELL NO

Let's say in the scenario that your kid gives you money it will be 5-10% of what they make on that first contract.

Bonus question: Would you/do you give money to your parents if you were/are financially well off or rich?
yeah if I got miles above my parents status and had more money than I needed I would ensure for their comfort.
 

Liseda

Member
Do you demand you kid shares the wealth?

No.

Would you expect your kid to give you money?

Raising a kid costs money, I'd love a little help when I get older from my kids.
Doesn't have to be "money" though.

Do you hope in secret that your kid will make your life financially easier?

No.

Do you don't care if your kid takes care of you?

I'd be sad if I actually needed help and didn't get any from my own kids.

Would you kindly refuse any money your kid offers you?

No, I would accept it.

Would you/do you give money to your parents if you were/are financially well off or rich?

Yep, I would at least help them a bit.
 

Aiii

So not worth it
I have borrowed my parents money when they were in a tight spot a few years back and have helped them out with some remodelling of their house in the past. I also give them stuff like my old iPad and mobile phones instead of reselling them to other people.

The way I see it they spend the better part of two decades providing for me, allowing me to get a proper education and as a result are the primary reason I currently have a job that pays me well enough to help them. It's the least I could do and I'd do it again in a heartbeat if they ever needed help.
 

javac

Member
If you haven't raised a total asshole this really isn't a concern.

Yeah. If my child is rich, even if I was homeless I'd be happy for him/her. I believe I wouldn't ask for any but its hard when your in that situation compared to typing on a keyboard. But if you brought your child up to be a good human being, you'd hope he/she might help you out, but if they didn't I wouldn't hold it against them. It's their life.
 
Bonus question: Would you/do you give money to your parents if you were/are financially well off or rich?


Man, if I ever came into possession of a huge amount of money the first thing I would do is buy my mom a house, give her money to last her lifetime, and set aside money for my siblings education. I wouldn't demand that my children do the same, but I would hope they had the same mindset as me.
 

GRW810

Member
If my daughter or any future children grow up and find themselves with money for whatever reason, good luck to them. Would I accept gifts, donations, etc? Of course. Would I expect it or think badly if I didn't benefit from it? No way.

Hopefully I'll bring my children up to know right from wrong and with enough common sense to understand the value of money. It would be more important that they didn't waste it and used it wisely than me benefiting from their wealth.
 

Polari

Member
Better hand some of that cash over because I'm not too old to slap his punk-ass around.

As for giving my money to my parents, sure. God only knows how much I have leeched off them at this point.
 

Raiden

Banned
Dont have any parents left to give money too but i would give a couple of millions to my ex-parents in law. They're really good people who helped me alot when i was with my then girlfriend.

I'd give some money to my best friends as well.

And no i would not expect my children to support me, unless i'm really poor.
 

shisno626

Neo Member
They're at least putting money aside schooling, savings, and we'd brainstorm as a family to think of a way to reinvest a portion of it.

I'd have him buy his mom a car/vacation/whatever she wants and then I'd ask maybe ask for a little help on my student loans @.@
 

renitou

Member
I can't really fathom not sharing my wealth if I'm fortunate to come into it by luck or through honest work. My parents sacrificed so much for me, put me first countless times.

Hopefully I'm a good enough parent that my children feel the same. I don't expect it though, any more than my parents do. Maybe that's also part of why I don't have a second thought about giving back to them: I know they'll never demand it, or think they're entititled to it themselves.

Man, my parents are pretty great. I'm super-lucky!
 

Mully

Member
Do you demand you kid shares the wealth?

Would you expect your kid to give you money?

Do you hope in secret that your kid will make your life financially easier?

Do you don't care if your kid takes care of you?

Would you kindly refuse any money your kid offers you?

Bonus question: Would you/do you give money to your parents if you were/are financially well off or rich?

1. No.

2. No, he made his money, and I'm making mine. I hope he enjoys his life to the fullest.

3. Yes, but I'm not looking for a one way ticket to being rich.

4. I'd appreciate if he helps me out in financial endeavors.

5. It'd be relative to if I need money. If I'm doing well, I'd kindly refuse.
 

Verelios

Member
It's his money so he can do what he wants with it. If he wants to give me some, then great. If he doesn't, that's fine too.

I'll be happy just knowing that my kid's got a great life ahead of him. And that I didn't totally fuck him up--a little bonus for those people saying I would.
 

ZaCH3000

Member
If I was the parent in this scenario I don't think I would demand anything, but would secretly hope for my child to acknowledge my part in raising him/her into the successful person they grew up to be. In turn, a large sum of money to pay off a mortgage, maybe buy a new car or take some time to travel would be nice.

Now, if I grew up to be rich and successful I would definitely buy my parents their dream house in Florida so that my dad could retire early and do something easy like bartending on the beach in Clearwater.

My sister is swimming up to her neck in student debt so that burden would disappear overnight. She is currently living with my sister in Charlotte but I know she wants to move out to San Diego one day so I would also put money aside to pay for her first two years of rent in a nice apartment there.

My oldest sister and brother in law love to travel and are scratching that itch until they are ready to have children so I would put them in the nicest 5 star resort or hotel at any location of their choosing for two weeks and start a trust fund of $50,000 for their children when they have them.
 

REV 09

Member
My kid's life is his/her life. If he/she wants to give, cool. Raising a child to do well in life is all the reward I would need.

If I had $10 million, I would give $500K to my parents so they could build their dream house so my dad can have his fantasy pinball arcade basement, I would give $500K to my sister so she could ensure financial stability for her newborn baby (2 months!), $500K to my father-in-law so he could have a home to live in (he lost his career and his wife divorced him and took everything, but he's a good man), and $500K to my best friend so he could have some leeway in life.

Giving them that kind of money when they potentially aren't used to it could do much more harm than good. Money is a dangerous thing and can obliterate incentives, rewards, and happiness.
 
My parents have sacrificed a lot for me, so I 'm always thinking of being able to help them out when I'm older. I would expect the same from my children, even if I don't say anything.
 

Angry Fork

Member
I would try to convince him (or her) to put it towards socialist/Occupy movements, or people who need it more than he does in general. I'm not interested in hoarding wealth and don't think anyone else should as we can all live comfortably without being millionaires.
 
Giving them that kind of money when they potentially aren't used to it could do much more harm than good. Money is a dangerous thing and can obliterate incentives, rewards, and happiness.
That must be why povertous people are so happy. They have so much incentive to work for rewards to increase their happiness.

If you want more of a response than that, I suggest you explain yourself more.
 
yes, yes, yes, no, no. Oh and no, it's my goddamn money, why should I give my parents some?
DAAAAAMN! lol Cold blooded.

I would expect it, yes. I wouldn't demand it though. But I would feel that I failed at some level if my kid didn't think about me and want an easier life for me.

My parents would be set for life.
 
Do you demand you kid shares the wealth?

No.

Would you expect your kid to give you money?

If I'm not able to do things I want to do, like take a vacation, or if I'm having trouble paying bills or something? Yeah I'd kind of expect a little help. I would do this in a second for my parents, I would hope I am a good enough parent that my kid would want to do this for me.

Do you hope in secret that your kid will make your life financially easier?

Sure.

Do you don't care if your kid takes care of you?

No, I would care. If he/she is off jetsetting around and driving nice cars and taking grand vacations and I'm in some kind of crappy apartment clipping coupons I'd be pretty bitter about that.

Would you kindly refuse any money your kid offers you?

If I didn't need it, yes. If I thought for a second that he or she needed it, yes. But if they have a LOT of money (enough to spend frivolously without thinking about it) and I do not, hell no I won't refuse it.

Bonus question: Would you/do you give money to your parents if you were/are financially well off or rich?

Absolutely. I would love to be able to do this someday.
 

DominoKid

Member
The kid would have to break me off a lil something something.

I'd do the same for my parents. Its only fair. I mean they did raise you.
 

itwasTuesday

He wasn't alone.
Nope it's his/her money. If they want to that's great.


Exceptions might be medical expenses though.


My grandfather will fight you tooth and nail if I or even my father try to pick up the tab at a restaurant.
 
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