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by withinboredom 1506 days ago
After watching it all play out, I’d find it hard to have convinced this person to do that. They grew up in a world where debt wasn’t a thing that could send you to poverty, rather a useful tool. When they inherited the land, there wasn’t much, if any debt. Today, most people have debt as a means of survival vs. a tool. This makes setting up a trust harder in their eyes because they might need the assets for more debt.

No idea how any of this works, just 2am shower thoughts.

1 comments

Yup, convincing people of how it really works is often an insurmountable obstacle, especially when, as you pointed out, the world has massively changed within a lifetime (heck, even trying to figure out how it all works for ourselves is hard enough)...