Do people that inherit financial assets turn out richer than those who don't?

[Nsikan]

When you inherit financial assets from your parents, let's say a house, a business and other assets, you tend to be a step ahead of your mates who struggle in their own. From experience, do people that were lucky to inherit financial assets from their parents turn out to be richer than those that did not?

 

[Kane]

A lot of people end up becoming rich just because their parents were rich. However, if these people do not manage their inheritance well, they end up losing their wealth.

 

[Starmix]

I think it's not the only basis to become rich. There are so many who became rich from rags to riches through investment. It's advisable to invest because it's one way to aquire wealth. Invest, save , believe and follow what you believe best, for you to change life for the better.

 

[Good-Person]

I think it's not the only basis to become rich. There are so many who became rich from rags to riches through investment. It's advisable to invest because it's one way to aquire wealth. Invest, save , believe and follow what you believe best, for you to change life for the better.

Majority of the people become rich when they inherit wealth from their parents. This is how most of the people are actually becoming rich, not all of them, though. People must need to manage that money in order to truly benefit from it.

 

[Bisolami]

It depends on how well they are able to manage the property that they inherited.

When you inherit financial assets from your parents, let's say a house, a business and other assets, you tend to be a step ahead of your mates who struggle in their own. From experience, do people that were lucky to inherit financial assets from their parents turn out to be richer than those that did not?

 

[Salt]

They have the edge over others but that does not mean others cannot get rich as it depends on your determination and skills.

 

[Good-Person]

They have the edge over others but that does not mean others cannot get rich as it depends on your determination and skills.

I know of a few people who inherited wealth from their parents. They do not care about their parents at all. They fought with each other for money after the death of one of their parent.

 

[Salt]

They are born rich and certainly have an edge over others but the others who are not born rich can bank upon their skills and hard work and can compete with them

 

[Good-Person]

They are born rich and certainly have an edge over others but the others who are not born rich can bank upon their skills and hard work and can compete with them

There are many people whose parents are rich, but still those folks are seeking jobs because they do not want to rely on their parents alone.

 

[Bisolami]

They have the edge over others but that does not mean others cannot get rich as it depends on your determination and skills.

The only opportunity they have is that they will not need to start from the scratch like other people

 

[Good-Person]

The only opportunity they have is that they will not need to start from the scratch like other people

Well, they do have an edge over others. The chances are that if a person inherits or gets a lots of money suddenly, then the chances are that they will try to invest it to grow wealth.

 

[Salt]

If you receive something without even working for it then you may become a little complacent about it so those who earn everything also has an edge over those getting things from their parents

 

[Kubiatabasi]

People that inherited properties from their parents definitely have a chance of being more financially stronger than those who didn't have anything to inherit. With a good inheritance, you are starting your life journey three steps ahead.

 

[Inem]

They are born rich and certainly have an edge over others but the others who are not born rich can bank upon their skills and hard work and can compete with them

If those that inherited something use the same hardwork, then there is no chance at all for those who inherited nothing.

 

[Salt]

Correct but mostly those that inherit so much does not use much of their brain and rely on what they got for free

If those that inherited something use the same hardwork, then there is no chance at all for those who inherited nothing.

 

[Kubiatabasi]

Correct but mostly those that inherit so much does not use much of their brain and rely on what they got for free

Now imagine someone that inherited and has a brain too. That person would be no match for a person who has nothing to inherit.

 

[Heatman]

When you inherit financial assets from your parents, let's say a house, a business and other assets, you tend to be a step ahead of your mates who struggle in their own. From experience, do people that were lucky to inherit financial assets from their parents turn out to be richer than those that did not?

This is actually something that depends on the individual who inherited such asset because there are some people who are very good when it comes to managing any projects that they happen to be entrusted to which is why I would advise anyone who is going to entrust their assets to any of their offspring to do so after they have observed those who have the zeal to manage a business.