[dpark]

> Just because you inherit some capital doesn't mean you are actually able to use it to make more. Actually, most people can't, meaning the only thing they can do is spend it

It really depends on how much you inherit. If you inherit a million dollars, yeah, it's easy to spend it all. If you inherit a billion, it's not hard to sit on that money and live off a fraction of the earnings. Which is why major familial wealth tends to stick around for generations. (That and the connections that major wealth can provide.)

[charlesdm]

Sure. But not many people in the world are worth a billion. There aren’t THAT many UHNWIs globally (~187k). But there are a lot of millionaires.

My personal opinion is that most people should be able to make $100-200k on their own online, doing something they love. If you actually start looking with what people are making money with, it's pretty interesting. This can range from a recipe subscription to a newsletter, or something completely different.

Will it be easy? No. Will you be able to live a free life? Yep.

[dpark]

Definitely. Inheriting "generational" money is not common.