In this column, Russ Alan Prince discusses the different attitudes that wealthy beneficiaries have with their inheritance. Many inheritors are hardworking and committed to improving themselves. These beneficiaries are diligent and industrious and often put in long grueling hours building up the family fortune. In contrast to the inheritors with an entrepreneurial drive are the beneficiaries who simply want to use their inherited wealth to have fun. Instead of investing and growing their inheritance, these individuals prefer to use the assets to live a life of expensive parties and luxury.
See Russ Alan Prince, (Some) Inheritors Just Want To Have Fun, Forbes, June 14, 2015.
Special thanks to Jim Hillhouse for bringing this article to my attention.
