Baldo by Hector D. Cantú and Carlos Castellanos for October 22, 2024

That’s a pretty good start, Baldo. Best take him up on it.

Fake news.

Yup, the American dream lives, and is attainable.

Just remember to thank the people along your travels who contributed to reaching success. That’s the first thing that I remind my scholarship recipients. It’s rarely a solo performance.

You cheapskate! We cannot live on good wishes these days anymore!

The most valuable life lesson that Sergio can give Baldo is learning how to manage money properly. Prosperity will follow.

You’re right, they don’t receive an inheritance. That doesn’t mean that they don’t get money from older family members dieing though.

If they get it as an inheritance then they have to pay tax on it.

If they get it in another form, say an annuity or as a member of the family corporation, then they evade paying taxes.

Bottom line, you don’t get richer if you pay taxes on the wealth you “inherit” from mummsy and daddums. You find a way around it.

Seems more likely that Gracie will be the millionaire in this family.

I told my daughter that she’ll be getting my good wishes and a Laurel & Hardy handshake!

Baldo, you’ve got the best inheritance of all: the love and wisdom of a caring dad. Also your tia’s, and the memory of your dear madré.

“In contrast, Forbes magazine found that all billionaires under 30 inherited their wealth.”

Our Dad left us an empty whiskey bottle and a crumpled cigarette pack. We didn’t have broken hearts, but he sure did. It was called a myocardial infarction.

Yeah, the rest of them got it from lying, cheating and stealing.

That’s likely true of millionaires, i.e. people who have $1,000,000 net worth in TODAY’s dollars. Due to inflation, a millionaire isn’t what it used to be. When the TV show “The Millionaire” first aired in 1955, $1m then would be $11.8m in today’s dollars. As of 2020, there were 21.9 million millionaires in the US, most of whom got there by having good jobs / businesses, saving, investing, and being lucky enough to avoid catastrophes of various sorts.

But at the top of the income scale, things are different: “More of the wealth acquired by new billionaires came via inheritance, rather than through entrepreneurship, according to a recent report from UBS.” Source: Investopedia.

Thankful I received 100% of my family’s humor and sarcasm…

‘I, being of sound mind and body, spent it all.’