Trust Fund Baby Laziness Syndrome

[@NewGuy2024]

Wait, was the engagement announcement video removed from the playlist?

[@Native722]

Yup it was, probably his fiance complained. Strange because in the video, he didn't say enough about her for us to know who she is.

[@dragonhero14]

Yeah, he probably unlisted it. Which is fine because most of the people who would've cared saw it already.

[@gurrrrlish]

I totally agree with you... I am FIRE.... And once I was set financially.... I lost all interest in my career.... I was OK with it before fire... not in love but I appreciated it... Post FIRE lost sll interest & planned a strategic layoff to get my golden handcuffs... Now my job is managing my money & I do love it.

[@batwood]

Definitely a good point. Some wealthy parents are able to pull this off. As a broader issue, what about helicopter parents and the parents who do not prepare their children for independence? So, the kids end up living at home way past the due date because mom makes their meals, cleans their clothes and room, wipes their butt essentially babying them as adults? These stay home kids that do not strive to support themselves and manage to learn a skill and support their own life. Kind of a related condition but it seems to happen right on down through various economic levels not just rich folks. I also find these types of kids make terrible partners, boyfriends, girlfriends, spouses...do a video on that!

[@ClassyJohn]

Hi BtB, I get your point around trust fund babies that don't try to utilize their economic situation to do something. However, I hope both you and anyone else watching this video understand that you cannot expect to understand or know someone else's situation from an outsider's perspective. I would not assume just because someone is young and not doing something "productive" with their time, that they are a trust fund baby. I was not a trust fund baby as I grew up very poor however our economic situation improved where I could live at home with my parents without having to pay. In my situation during my 20s, the outsider's perspective was that I was living at home and going to college for 9 years and failing classes because I was being "lazy" and playing video games with all my time. People thought I was freeloading off of my parents because I didn't have a job or pay bills or etc. I wasn't being "lazy". I have mental health issues: major depressive disorder (or known as really bad depression thats always present) and PTSD / trauma from my childhood because I grew up in an environment where I simply wasn't given the resource to succeed but had high expectations with severe consequences (I was beat and yelled at). When a kid is taught that nothing they do is good enough and that trying is not enough because getting the correct outcome matters, they learn to give up on themselves and on trying in life. That is me. I ended up graduating however not with the degree I wanted due to my low grades (as a result of the mistakes I made). Several years ago, I ended up landing a job at a decent place and getting a decent engineering job, despite not being qualified for it. Today, I still work at this job and I am working on getting a bachelors degree in electrical engineering. This is my life and how I'm trying to make the best of it. I don't need the approval of outsiders/strangers who have no understanding or empathy for my personal struggles. I've gotten countless criticism over the years from people who thought they knew what was best for me. But, it is my life and I will make the decisions that work best for my situation because at the end of the day, its me who has to deal with the consequences, not other people.

[@jimv77]

We're pretty rich but live a very frugal lifestyle with a low burn rate. We've always told the kids we are lower middle class versus their friends and they better do well in school to hopefully have a better life than us. Having a part time job during high school was expected. We're actually easily upper class in terms of net worth. Two times they were surprised were: --When we got them $5,000 used Toyotas at age 16 as their first car as a surprise. --Told them they actually have a college fund as a senior in high school and they should be able to finish 4 years of college debt free. Now that they are both in college, not sure how and when we would share with them that we'll have funds to help them towards owning their first house and start maxing their retirement funds at an early age. We already matched them $1-for-$1 with their roth IRA since age 16. So our strategy was Stealth Wealth even with our kids.

[@BeatTheBush]

Wow! I never thought of doing a parent matching, that is great! I really like how this is an example of 'hiding' it from your kids, hopefully it worked and set them off to a great start.

[@CybertruckNick]

1. Don't let the know how rich you are 2. Don't let them know there is a trust fund coming They would've learn the life lessons and be a productive member of society by then and hopeful able to instill that into their kids too.

[@BeatTheBush]

There will be signs. lol.

[@kyungshim6483]

Good video. I suffer from major complacency syndrome. Except I am not a trust fund baby. I guess I was born lazy.

[@Wuestenwiesel]

Yeah happens! Better is your children don't know you are rich 😂

[@solomonchau7725]

The classic case of Stoicism versus Epicureanism: The Stoics cared about virtuous behavior and living according to nature, while the Epicureans were all about avoiding pain and seeking natural and necessary pleasure. If an individual doesn't learn, they'll become a bum - Simple as that.

[@eddenoy321]

Now you have me wondering about how many boring youtubers are trust fund babies. (not you of course). And then there are those who just stay enrolled at a University forever.

[@BeatTheBush]

Funny you mention those who keep on getting degrees. It is a learning in an academic setting an addiction?

[@uzeela]

@@BeatTheBush I worked at a community college as an advisor faculty and was blown away when doing a grad application for someone getting their like 6th associate degree😬

[@BladeAurora]

wouldnt it be to make them ambitious? like you see a lot of rags to riches stories and usually it is the poor people who has the most ambition in life. if someone is already rich and you teach them to be ambitious, then they would want more power. more money = more power. like soft power, controlling people via media or hard power via weapons. hard power is in a standstill right now until someone invents a way to counter nukes

[@BeatTheBush]

Yes, that sounds about right. But how is the question.

[@what-n9j]

You still have a slave mentality. Hard work, or achievement doesn't equate to "deep sense of happiness". Why must someone do something if they have enough to survive? If they're doing something for themselves that makes them happy, who is to say that they're wasting their life?

[@pinkeangst]

There are different types of happiness, just buying stuff for consumption’s sake is hedonism. Learning, understanding, and having a sense of ambition, gives greater purpose and meaning.

[@BeatTheBush]

That right. That's why many people would just waste away after they have enough to survive.

[@daysleepnightread6905]

Then you have people like me and John Lear who were lovingly *disinherited* and we devote our lives to conspiracy theories and having big mouths and bad attitudes.

[@BeatTheBush]

Sounds like an older person who doesn't give a f and just says what they want. Very good for longevity.

[@daysleepnightread6905]

Being disinherited is a bitter pain but it gives you a great sense of humor. 😁

[@Billiepippen]

you speak ill of laziness but people world wide are keeping slaves to do work they don't want to do and those people are the ones who usually prosper. who got rich in the making of America? the slaves that worked non stop or the lazy masters sitting around drinking tea? you are too concerned with pride and ego

[@BeatTheBush]

Certain types of work is not worth slaving over. I too would be lazy when confronted with a dead end job or just work I do not like.

[@Billiepippen]

@ that is how Americans feel about the shitty jobs they have to work.