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Author: Quakeboy02 Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75633  
Subject: Re: Do you have a rational home equity policy? Date: 1/29/2005 5:07 PM
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I used to work with a guy who said he believed that it was every generation's responsibility to add to the family wealth and leave a bigger and bigger pot to the next generation until at some point there would come a time that one would not need to work.

The Rockefellers and Kennedys and other have done well using this idea. At one time, I wanted to leave a legacy, too. But, I'll never have the kind of money it takes to make something like that a perpetual thing. I think it's the right thing to do, but most of us just won't be able to. I guess when you're thinking about the Rockefellers and Kennedys, you also need to think about the Hiltons. :o)

Hedge
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