As British chart topper Jessie J likes to sing, “It’s all about the money, money, money….”
We go through life thinking that the only way we can feel secure is if we have a financial cushion to sit on while we make the big decisions in life, including investing and buying the things we need, such as homes and cars, and putting enough money away for our children’s education. As parents, we naturally want to do what’s best for them, and sometimes that means giving them a good head start in life, right? Well, not every parent sees it that way.
Sure, paying for your child’s college education might help them start their adult lives debt-free, and giving them the down payment on their first home is a great head start, but according to some parents, giving kids a little financial leeway might hinder them as much as it might help them.
Let’s face it, we live during a time in which kids these days drive $80,000 Range Rovers to school while toting the latest Birkin bags and have such costly habits as getting their Starbucks Frappucinos served to them every morning before going to school. High school prom dresses now cost more than wedding gowns, and there are kids out there who fly their friends to the Bahamas for their birthday parties. These pop culture “look at me” obsessions have spawned Tumblr pages such as The Rich Kids of Instagram and endless MTV reality shows about 16-year-olds who book B- and C-list rappers for their sweet sixteens. P. Diddy, are you available on the 16th for my kid’s bat mitzvah?
Fortunately though, not every kid born rich has parents who think their children are owed a good chunk of their fortune when they pass away. Rather than being served that Peppermint Latte at Starbucks, they want their kids to be the ones serving them behind the counter. In other terms, make that money child — the same way good old pops did!
I’m sure Tori Spelling definitely knows what I’m talking about here. Same goes with Simon Cowell, who recently said that he plans on giving his fortune away to charity rather than to his first child, who he is currently expecting with baby mama Lauren Silverman.
Check out our slideshow of celebrities and tycoons who plan on leaving their fortunes anywhere but with their kids in their inheritances. Some of these quotes are actually pretty funny, depending on which side of the receiving end you are on, of course.
Photos via PacificCoastNews.com
Want more of Joanna’s pop culture ramblings? Follow her on Twitter!