It’s almost the norm in society that if you have children, you’ll leave your money to them one day. But one of the world’s top financial advisors believes this shouldn’t always be the case.
Dave Ramsey says that parents are not obligated to pass on their wealth to their kids. He was responding to a caller who complained about his parents spending his inheritance on things like travel. Ramsey didn’t mince his words when he told the guy that he’s not entitled to money just because he “hit the DNA lottery.” The video has since gone viral, sparking a huge debate, with both parents and adult kids weighing in.