Your 18 year old daughter buys a lottery ticket, with a top prize of $250 million.
You both listen as they announce the winning numbers.
She gets the first one and gets all excited.
Then she gets the second — now she’s nervous and you look heavenward…. She’s got six numbers correct and if she wins the next she’s buying three color-coordinated stretch limos.
There’s a commercial break. You go in the other room and cry to G-d. She starts praying too.
But not for the same thing.
When she loses does she thank G-d?
No, but you do!
In America today, you can get to a place of not being financially worried. The problem is, once you get there, what do you do to make life interesting?
I know you all think that life would be better if there were no strife, and it’s not that I don’t pray for that too, but not having problems in your life creates far greater ones.
If you leave your children a small fortune you are almost invariably ruining the lives of your grandchildren.
Warren Buffet pledged 99% of his wealth to charity, “…This pledge will leave my lifestyle untouched and that of my children as well. Were we to use more than 1% of my claim checks on ourselves, neither our happiness nor our well-being would be enhanced…”
If you think more deeply about what Mr. Buffet is saying, he is telling you that getting that 99% is a complete waste of time.
The only thing that is worth doing with it, is to give it away because it can’t do you any good. Or, as I like to say, if you are reading this on a computer, while sipping on a café-latte then YOU are well within the top 1% richest people walking on this planet today.
YOU are that rich person!
So, what do you plan to leave your children?