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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Cogito Ergo Sum who wrote (39656)10/16/2003 4:33:24 AM
From: elmatador  Read Replies (1) of 74559
 
Kastel, transfer of wealth, in terms of leaving wealth for the next generation is the only way a country can get rich overtime, unless they do something silly like starting wars which result in:

impoverishing its population by fighting one (Germans in WWI)

have the country bombed to smithereens. (Germans WWII)

The way I do is to spend less than I could, thus deferring consumption, so that the next generation will have an easier way and could consume herself.

I also limited the number of participants in the next generation, having a single one to transfer to.

Further I don't engage myself in adventurous investing which could have the wealth transferred to a present generation anonymous group of whom I have never heard about.

Now If I take the place I live and spend using credit backed up by my home, as a collateral, I don't see, exactly, what wealth will be transferred to the next generation.

But again I'm the naive guy here, and I'm not the one who knows everything in BBR Thread.
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