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Author Topic: On inheriting a lot of money  (Read 5984 times)

Monty Fowler

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On inheriting a lot of money
« on: April 01, 2014, 09:13:31 AM »

I found this rather interesting, in its own way:

Why Anderson Cooper Won't Receive an Inheritance From Mom Gloria Vanderbilt By LESLEY MESSER | Good Morning America.

Anderson Cooper may come from a family with money, but he won't be seeing a dime of it.
 
Though his mother, Gloria Vanderbilt, inherited a fortune before making her own millions, Cooper will not receive an inheritance. "My mom's made clear to me that there's no trust fund. There's none of that," he told Howard Stern. "[And] I don't believe in inheriting money."
 
Cooper, 46, said that inherited money is an "initiative sucker" and a "curse." Because of that, he's grateful that his mother always gave him an incentive to work. "Who's inherited a lot of money that has gone on to do things in their own life?" he asked. "From the time I was growing up, if I felt that there was some pot of gold waiting for me, I don't know that I would've been so motivated."
 
Calling his mother "the coolest person I know," Cooper also praised her for instilling within him a great work ethic. And, he said, should he become a father one day, he'd likely follow in her footsteps.
 
"I would want them to start working early on and start to have a sense of responsibility," he said. "If maybe I felt like they had a good sense of responsibility, maybe I would try to leave some money. I don't know."

LTM, who finds dry paint really interesting these days,
Monty Fowler, TIGHAR No. 2189 CER
 
Ex-TIGHAR member No. 2189 E C R SP, 1998-2016
 
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John Ousterhout

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Re: On inheriting a lot of money
« Reply #1 on: April 01, 2014, 02:56:51 PM »

A family favorite old New Yorker cartoon showed a sad-looking family listening to the will being read:

“Being of sound mind and body, I spent it all.” 
Cheers,
JohnO
 
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JNev

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Re: On inheriting a lot of money
« Reply #2 on: April 01, 2014, 03:25:54 PM »

A family favorite old New Yorker cartoon showed a sad-looking family listening to the will being read:

“Being of sound mind and body, I spent it all.”

Hear-hear, I'll drink to that!
- Jeff Neville

Former Member 3074R
 
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Monty Fowler

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Re: On inheriting a lot of money
« Reply #3 on: April 01, 2014, 06:31:30 PM »

That'll work.

I want to die in my sleep like my Grandfather - Not yelling and screaming like the passengers in his car.  ;D

LTM, who thinks dried paint is pretty interesting,
Monty Fowler, TIGHAR No. 2189 CER
Ex-TIGHAR member No. 2189 E C R SP, 1998-2016
 
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