To begin wrapping up our blog series, today we will acknowledge the difficulties inheritors face with gaining respect.
Wealth creators have a strong work ethic. They have repeatedly heard how it takes 10,000 hours to master a marketable skill. They respect that, and they have shown up from dawn to dusk in order to achieve their version of success.
But how do we feel about the wealthy person who didn’t lift a finger to arrive at their position? Admittedly, it’s hard to give them the respect they might deserve. It’s likely that inheritors have paid a heavy personal price that is more difficult for non-inheritors to empathize with… being raised by nannies, shipped off to boarding school, and accepted into schools they might not have gotten into on their own merit. Under these circumstances, inheritors are not likely to respect themselves either. How can others be expected to do so?