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Imagine having Sting as your dad. You never have to suffer the ordinary teenager's angst over attaining that ultimate accolade of being "cool". He is 62 but looks as good - better - in his clothes than a man half his age. You live a life of luxury in multiple homes with walk-in wardrobes and staff to do all the boring stuff, such as cleaning. And in time and with no effort required on your part it will all belong to you.
Except Sting has other ideas. He has no intention of leaving the immense (£180million) wealth he has acquired to his six children. One reason is that with more than 100 people on their payroll, he and his actress and producer wife Trudie Styler are big spenders. "We have a lot of commitments," he says. "What comes in we spend and there isn't much left."
Remember, this is the man who didn't notice that his accountant had fleeced him of £6million in 1995. But his main reason for not leaving everything to Joseph, Kate, Mickey, Jake, Coco and Giacomo, who are aged from 37 to 18, is that he does not want to saddle them with the burden of unearned riches.
"I certainly don't want to leave them trust funds that are albatrosses round their necks," he said this weekend. "They have to work."
http://www.express.co.uk/news/showbiz/48...s-Children
I can respect his approach, maybe leave the 1 Million pounds per kid and some financial education. That would give them peace of mind to some degree (like food and shelter) but if you want luxuries you have to work for it.
Here is a Buffet quote I agree with, "I want to give my kids just enough so that they would feel that they could do anything, but not so much that they would feel like doing nothing."
Fate whispers to the warrior, "You cannot withstand the storm." And the warrior whispers back, "I am the storm."
Women and children can be careless, but not men - Don Corleone
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