FEATURED Should Rich People Give Money To Their Relatives When They Ask?

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konceptjones said:
At this point in my life, I look at it like this:

Powerball is just over a billion as of today, $1.2B to be exact. Cash out on it is $551.7M. Let's say I win it Wednesday. I'mma take the cash out option and after taxes (Fed and Michigan) I'm sittin on $323.7M.

With that much money, this is how I'mma handle my family:

Obviously, moms gets more than everyone. $2M-$10M, I'm not 100% sure where it's gonna fall.
My step parents, past and present, each see $1M.
My kids will get $2M-$5M each. Not sure about this one either.
Grandbabies (there's two so far) getting $2M in a trust fund.
I'm handing each of my siblings $2M.
My nieces and nephews get $1M
My aunts gettin $1M
My cousins, and its a whole lot of them muhfuckas, they get either $500k or $750K, I'm undecided.
My cousins' kids... I'mma drop about $100k on 'em... maybe a lil more. Mostly in trust funds 'cause the majority of them are still under 18.
That's as far as I'mma go. And this is purely for the family I know. I got cousins all over the fuckin place that I've never met. We family, but I don't know none of them so they don't get the same treatment as the family I grew up with.

I don't wanna hear SHIT after this. I don't wanna hear about nothing "fool proof", no investments, no nothing. When we at the cookout, let's just kick it and eat. I don't wanna hear no money talk. If you're stupid and blow it, that's 100% on you, don't come bringing ya ass on over thisaway singing sad songs and shit.

With the size of my family, I should still be left sittin' on over $200M, waaaaaay more than enough to retire on and live out my days chillin', doing whatever the fuck I wanna do.

That's just what I would do with $323M. Jay, with his billion or so, could easily hand everyone a check like this and be like "do what you gonna do with this, but don't ask for anything else when it's gone". Then point them to a financial planner as a suggestion on how to manage whatever he gave them.
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pretty much this more or less for me
 
I get what he’s saying from the aspect of someone that has 6,7,8, 10 figures.

But..

What’s the point of generation wealth, if you don’t incorporate the generation?
 
konceptjones said:
At this point in my life, I look at it like this:

Powerball is just over a billion as of today, $1.2B to be exact. Cash out on it is $551.7M. Let's say I win it Wednesday. I'mma take the cash out option and after taxes (Fed and Michigan) I'm sittin on $323.7M.

With that much money, this is how I'mma handle my family:

Obviously, moms gets more than everyone. $2M-$10M, I'm not 100% sure where it's gonna fall.
My step parents, past and present, each see $1M.
My kids will get $2M-$5M each. Not sure about this one either.
Grandbabies (there's two so far) getting $2M in a trust fund.
I'm handing each of my siblings $2M.
My nieces and nephews get $1M
My aunts gettin $1M
My cousins, and its a whole lot of them muhfuckas, they get either $500k or $750K, I'm undecided.
My cousins' kids... I'mma drop about $100k on 'em... maybe a lil more. Mostly in trust funds 'cause the majority of them are still under 18.
That's as far as I'mma go. And this is purely for the family I know. I got cousins all over the fuckin place that I've never met. We family, but I don't know none of them so they don't get the same treatment as the family I grew up with.

I don't wanna hear SHIT after this. I don't wanna hear about nothing "fool proof", no investments, no nothing. When we at the cookout, let's just kick it and eat. I don't wanna hear no money talk. If you're stupid and blow it, that's 100% on you, don't come bringing ya ass on over thisaway singing sad songs and shit.

With the size of my family, I should still be left sittin' on over $200M, waaaaaay more than enough to retire on and live out my days chillin', doing whatever the fuck I wanna do.

That's just what I would do with $323M. Jay, with his billion or so, could easily hand everyone a check like this and be like "do what you gonna do with this, but don't ask for anything else when it's gone". Then point them to a financial planner as a suggestion on how to manage whatever he gave them.
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"Everybody has a plan until they get punched in the face"
 
AP2.5 said:
I get it

I had a childhood friend that actually made it to the NBA.

He came back to the old neighborhood to kick it and he was just a regular nigga to me. I mean I thought it was cool I knew someone who made it to the league but I never treated him differently but ofc there were the friends that kept trying to get tickets to games from him.

I just felt like if he wanted a nigga to come, he would've offered tickets and I kept it moving when he didn't.

He was still the homie. Idk if those dudes ever asked him for money but I sure as hell didn't.
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This is why you are one of very few solid dudes.

You happy for him . Not that you can say you know him for the benefit. But happy for him.

Other are about fuck to hard work…,I want such a d such cuz I know you,

I wonder how many call him just to have small talk to “check on him”. Make sure he hood without asking for something or setting up the begging for later.
 
Alle’Oxin’Free said:
I get what he’s saying from the aspect of someone that has 6,7,8, 10 figures.

But..

What’s the point of generation wealth, if you don’t incorporate the generation?
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lol The quickest way not to have generational wealth is to spread that shit out among everyone you encounter in the present.

generational wealth = lasts across generations
 
5th Letter said:
He should be able to chill with his family without being hounded for money.
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This.

Your home and being around family should be your "peaceful" sanctuary. Him being a billionaire ain't got nothin to do wit it. I know muthafuccas who got great paying jobs gettin hounded by family members for money. So I see where he's coming from. Everyone acting he's the only celeb to complain about this is laughable.

You can still help your family...but you can't let them take advantage of you as well. Not sure why everyone acting like this new. Smh
 
silverfoxx said:
Y'all think all Billionaires evil?

I think think for the most part but they have opportunities to grow
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Which media movie billionaire ain’t evil?

We are taught that all billionaires are evil narcissistic assholes that not to be liked.

Think about the guy who died in the sub.
People laughed and couldn’t wait to say how stupid he was as a billionaire.
Why couldn’t he be just stupid for getting in the sub? What does his worth have to do with it? If that’s the case, then one of them people saved up to die. No jokes for that person huh?
Yet billionaires convinced niggas that taking an experimental drug to stop from getting sick and niggas lined up with no question. Told y’all ya need boosters and the shits coming back…..y’all still in line.

Sooooo
Billionaires….good or bad? Or does it depend on the benefit they provide to you directly?
Yeah
 
Alle’Oxin’Free said:
I get what he’s saying from the aspect of someone that has 6,7,8, 10 figures.

But..

What’s the point of generation wealth, if you don’t incorporate the generation?
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Understanding how to maintain it is also apart of that.

Outside of his kids, niggas need to provide a service and/or show they are worthy.
 
konceptjones said:
At this point in my life, I look at it like this:

Powerball is just over a billion as of today, $1.2B to be exact. Cash out on it is $551.7M. Let's say I win it Wednesday. I'mma take the cash out option and after taxes (Fed and Michigan) I'm sittin on $323.7M.

With that much money, this is how I'mma handle my family:

Obviously, moms gets more than everyone. $2M-$10M, I'm not 100% sure where it's gonna fall.
My step parents, past and present, each see $1M.
My kids will get $2M-$5M each. Not sure about this one either.
Grandbabies (there's two so far) getting $2M in a trust fund.
I'm handing each of my siblings $2M.
My nieces and nephews get $1M
My aunts gettin $1M
My cousins, and its a whole lot of them muhfuckas, they get either $500k or $750K, I'm undecided.
My cousins' kids... I'mma drop about $100k on 'em... maybe a lil more. Mostly in trust funds 'cause the majority of them are still under 18.
That's as far as I'mma go. And this is purely for the family I know. I got cousins all over the fuckin place that I've never met. We family, but I don't know none of them so they don't get the same treatment as the family I grew up with.

I don't wanna hear SHIT after this. I don't wanna hear about nothing "fool proof", no investments, no nothing. When we at the cookout, let's just kick it and eat. I don't wanna hear no money talk. If you're stupid and blow it, that's 100% on you, don't come bringing ya ass on over thisaway singing sad songs and shit.

With the size of my family, I should still be left sittin' on over $200M, waaaaaay more than enough to retire on and live out my days chillin', doing whatever the fuck I wanna do.

That's just what I would do with $323M. Jay, with his billion or so, could easily hand everyone a check like this and be like "do what you gonna do with this, but don't ask for anything else when it's gone". Then point them to a financial planner as a suggestion on how to manage whatever he gave them.
Click to expand...


This is pretty much my plan also.

I'd hook my family up too. But the amount they get is all they gettin. What they do wit it is on them. If they spend it all up...it is on THEM. Don't come back askin me for more.

But b/c its Jay...everyone wants to fake outrage as if he dropped some asinine statement. There's a lot of muthafuccas in & outside of this site who don't fucc with a few of their family members for this very reason.

Who wants to be continuously bothered with family coming up asking for money at a family function???
 
He's not really talking about family asking him for money.

He's talking more about family trying to run a hustle/scam on him.
 
Nobody said:
Jay don't strike me as the type that goes back home for family events or the type that invites family to events he hosts
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Yeah, I'm surprised to hear that he even shows up to anything like that outside of immediate family.
 
deadeye said:
Yeah, I'm surprised to hear that he even shows up to anything like that outside of immediate family.
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Right, if his cousins and what not knew he was coming they would be sharing on social media and telling their friends and Jay ain't trying to have beyonce or the kids around all of that.

Imagine having to hire security to go to a family reunion😂
 
SeaSnake said:
But when is the time and place. If they don’t see you like that? I feel you because I don’t want to be asked at the dinner table. But when does cuz ask?
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Shit, catch me before I head out or whenever things are starting to wind down. Not in the middle of the function. If im in a hurry or something then ill make sure I give you a way to reach out to me privately.
 
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