Kenya Barris Quotes

Some people want to amass a great amount of wealth and make a great looking obituary. I'm going to die with more money than is good to leave my son.

Our society has a mentality that elderly people pass on their wealth to their son or immediate relatives, and I think we all do it. It's a part of nature and is an exaggerated topic.

My instruction to my parents is that I would rather they enjoy their retirement than leave me anything when they go. I am much happier watching them enjoying life.

There is no law saying you have to die before your assets can be passed to loved ones. In fact, gifting earlier can be a lovely way to witness how your money helps your family thrive.

After my father died, we were pretty much wiped out financially as a family, so I decided to give finance a try.

When vastly wealthy people say, 'I'm not leaving my kids any money,' it's typically not true.

A first-generation fortune is the most likely to be given away, but once a fortune is inherited it's less likely that a very high percentage will go back to society.

The right amount of money to leave children is enough money so that they would feel they could do anything, but not so much that they could do nothing

7 percent of inheritors get two-thirds of all the wealth transfers..

It's just wrong to work your whole life to build up a nest egg, build your own business - you pass away, and Uncle Sam can swoop in and take away nearly half of everything you've earned. Can you imagine that? Having to sell off most of your land just to keep it from the government, just to save the house.

I have three lovely children. They are beautiful, talented, and kind-hearted. I'm most proud of them. I love them so much that I will never want to burden them with a large amount of inherited wealth.

If I die and am worth $50 million as opposed to $3 billion, it is really not important.

With inheritances, it's really important not to give the impression that you're extorting your children, and one way you can not do that is to make it clear to them that you're not leaving the whole of your estate to them at all, but to various charitable organizations.

I personally think that people who are inheriting the wealth must have an agreement on how that wealth will flow from generation to generation, how they would like to spend it, and have similar philosophies around philanthropy to ensure continuity and scaling up.

I used to buy nice clothes and drive a nice car when I couldn't afford it. But I spent all my money doing it, and now I don't have to. I like nice things. I like to travel in a certain style. I like to live in a nice place.

There is an attitude that we should be able to have everything. No, you shouldn't be able to have anything. I'd like a helicopter, but I can't afford a helicopter, so I don't buy one. People are buying stuff they can't afford on credit. I bought my Ford hybrid with cash.

The Bible tells us that we're supposed to leave an inheritance for children.

In my experience, those who make the biggest fuss about not spending much at Christmas are generally the ones who buy what they want and eat where they want 12 months a year.

I'm in spend-down. I've got a billion in cash. You can't leave people a billion pounds, can you?

Life is a story. You and I are telling stories; they may suck, but we are telling stories. And we tell stories about the things that we want. So you go through your bank account, and those are things you have told stories about.

It's time we permanently repeal the tax on possessions that people leave to their children.

Nobody thought about having more money than you could ever spend.

I believe in the dollar. Everything I earn, I spend!

I can definitely tell when mum has got money because then she likes to go shopping to spend it, whereas dad is steadier and avoids splurges. I like to think I've inherited both sides.

Any man who has $10,000 left when he dies is a failure.