Jenny Evans:
[0:16] Hey, welcome back to Monsters of Curiosity. I'm Jenny Evans. I am joined by the fabulous Susan Evans and the diabolical Paul Conrardi.
Jenny Evans:
[0:28] Okay, today's question, I'm really excited both to talk about as well as to get people's opinions and feedback, because I think there's going to be a lot of thoughts and opinions that people have. And the question is this, should inheritances skip a generation? So instead of, you know, when my parents die, leaving that money to my brothers and I, or based on how things have changed, should that money actually skip a generation and go to the grandkids? Um so i also want to say that i know conversations around money can be triggering um to many of us and maybe we're going to say some things that might i don't know offend you trigger you uh it's not our intent but as monsters of curiosity to just explore the questions explore the topics But also explore, like, why do we have the reactions to things that we do? So that's the disclaimer.
Susan Evans:
[1:47] I feel like we should add strobe lights and violence and smoking to this, too, like they do on TV.
Paul Konrardy:
[1:57] Listener warning.
Jenny Evans:
[1:58] Okay, so this idea came up to me because within the last couple of years, my dad passed away and there was some inheritance. And, okay, so I'm currently 54 years old. So was this two years ago, three years ago? Let's just say that I was 51 years old. And luckily, like, I'm in a place where I feel like I'm pretty financially stable. We don't have any debt. We have our mortgage.
Jenny Evans:
[2:38] And we're sort of like that stage of life where you just feel kind of like we're set and it's of course it's always nice to get money but I was thinking about what if there was a way for people to get their inheritance when they really needed it. And that can mean a lot of things. But what I was thinking of was when they're trying to buy a house, when they're maybe planning a wedding, where maybe they're having their first child, which is people in their 20s and 30s. So what if it skipped a generation and went to that younger generation to help them really get a foot in the door
Jenny Evans:
[3:34] Um and we'll talk about i've got all the numbers pulled up but just you know the cost of a house and people are living longer and when people are deciding to have kids is changing you know it's it's not the same as it was 50 years ago 100 years ago so i'd love to know your thoughts
Susan Evans:
[3:59] That is actually really cool. Why do I say that? A couple things came to mind when you said you can use this money for these situations, which is not, it's like we can leave money in trust and you can get it for these five reasons and that's it, which is a different way to do it because I've always thought, not as much anymore, but I shouldn't say I've always thought, grew up. With the thought that if you get an inheritance or money or whatever it is, it's a no strings attached because I'm dead. You know, it's like what you do with the money is up to you. But more and more, it's been, you can have access to this money for these things, which is purse strings after, you know, I'll control the purse strings after I die. If that will is solid and you don't contested kind of thing but i think that's an interesting idea one here's what you can use it for skipping a generation, i don't have a generation below me i have a niece and a nephew and they're if i skip them they'd be upset let me put it that way so i.
Susan Evans:
[5:17] They're like, what the hell? We don't have kids yet. So I look at it differently, but the idea of here's what you can use the money for, I don't want your, you know, if that had happened to me and something had happened, my crazy first boyfriend could have gotten money that was never, you know, it's like I can see why you'd want to control certain things, but I like the idea of controlling it. In terms of skipping a generation, I think that becomes a real, what's the family dynamic? How much money do I have? You know, it's die with zero kind of thing. But I do enjoy the, if I'm going to leave it, here's what you can use it for. That's really fascinating to me. And for a control freak, type A firstborn child, really intriguing.
Susan Evans:
[6:14] That's what I think. What do you think, Paul?
Paul Konrardy:
[6:16] Well, my first thought when this topic came up had to do a lot with generational wealth and transfer and how that has substantially changed in our country in the last 40 years or so. And there used to be the concept of one generation would always do better than the previous generation for a number of reasons, whether that's, you know, whatever metric you're looking at that.
Paul Konrardy:
[6:43] I think we're kind of in a rarefied situation now where the generations that are following us are doing worse on many metrics. They're not able to, as you said, purchase a house. They're not able to start a family when they wanted to start it. There's very different reasons that they have to do what they do because they're just not generically improving. There's all kinds of reasons that that happened. I think mainly that's the—and this is where some people might get triggered, and I don't want to turn it into political, but it seems that there's been a very different view of how well it should be distributed in our country. And when we attack the institutions, like unions that developed that middle class, that developed a situation where people could live longer with a pension, when we removed that ability to continue to grow that type of monetary situation for folks' households, then we run into the situation where the generations stopped doing as well. Because the people who used to be able to give money to their younger generations no longer have it because they have to keep it for themselves.
Paul Konrardy:
[7:56] So I think we're kind of talking about, in reality, a rarefied situation where there is that ability to potentially skip the generation because that generation is doing better than the parents that are potentially going to give the inheritance to begin with now to their grandchildren. So I think that's a little bit unique. I like, I think it's a creative solution to some of the ills that are happening now. And as you're saying, people are living longer. So maybe they do need to think through Do they need to spend it on their children, or is it better to be distributed to their grandchildren? I think that's a very interesting, provocative thought. But I can't help but think of how different it is now versus 40, 50 years ago, when there was almost a guarantee that the next generation was going to do better. And they're not. So I don't want to discount the fact that our world has changed. And in some viewpoints, not for the better.
Susan Evans:
[8:57] And I would say, too, that it's not necessarily money that's the inheritance. It can be a house. It can be jewelry. It can be clothes. It doesn't have to be money money because I just did a quick search, and it comes up, according to the Federal Reserve, one in five families ever get a substantial gift of reherent. Only one in five ever get any. That's a substantial gift. So it's not common. It's not common the same way the death tax was a phrase that said oh we're you know the death tax it's like that to paul's point that was rarefied air that never happened to any of us that we'd never get that because we don't qualify at the levels that that was hitting and so i think, it's it's like it says here, about 20 percent of u.s families ever get a financial inheritance or major gift. And that doesn't necessarily mean it's a six-figure gift. It's a substantial $10,000. So that gives you an idea of how it's not just a financial thing. It can be, here's the silver from your grandmother thing. It can be what, and does that skip a generation? Because I think the generation that's growing up now, if I'm looking at the kids today, It's very Uh.
Susan Evans:
[10:21] They're very transient. I don't want to carry that two-ton box of silver from grandma with me. And so it's like, so what do they want if they want? And is this the generation to skip? Because the next generation may have less. So they will want something. Because they will need it to survive. I would like silverware. Thank you very much. So I think it's an interesting thought.
Jenny Evans:
[10:49] I mean, there's just there's so many angles to this. And I mean, taking taking out like, let's just take out the emotional angle of like, who am I going to lead this to? And why am I going to attach any purse strings?
Jenny Evans:
[11:05] Um okay so i just i chose two dates in time as reference so in 1950 the average age of death was 68 years old and in 2020 that was up to 77 years so an increase of 11 years um okay in 1950 the median age of somebody having their first child was 22 years old zoinks first of all um in 2020 the first age of birth went up to 26 years old um you know when you you think about okay so people are living longer so they are going to need more money for a longer period of time. But also by the time like your parents may be passing on, again, like
Jenny Evans:
[12:09] You're well into your adulthood. But, okay, let's again use 1950s. If they had a child at 22 years old, when that person dies, their child is 46 years old.
Paul Konrardy:
[12:29] Mm-hmm.
Jenny Evans:
[12:30] But then the next generation, and again, using the average age of the first birth, is 24 years old.
Paul Konrardy:
[12:40] Wow.
Jenny Evans:
[12:41] And then in 2020, when the parent dies, the kid is 51 years old and the second generation is 25 years old. But here's like the big kicker. So if in 1950, the median age of first birth was 22 years old. So let's just pretend that you got married in 1948 and you bought your house in 1948. Guess how much the average price of a house was?
Paul Konrardy:
[13:09] Oh i don't even want to know
Susan Evans:
[13:11] It's probably like a thousand like two three thousand dollars.
Paul Konrardy:
[13:15] I'm gonna guess 40 38
Paul Konrardy:
[13:16] 38
Susan Evans:
[13:17] no it's really low it's really low um it's got to be like it's like 10 to 13 or something like that.
Jenny Evans:
[13:23] Five thousand two hundred and fifty dollars no yes okay now in let's now let's take the the 2020 the median age of um your first birth and let's just say then you got married in 2018 and you bought your house. It probably didn't happen that way. But anyway, the price of a house in 2018 is $305,000.
Paul Konrardy:
[13:51] What were the... What would that have been in $1950 dollars? I wonder.
Jenny Evans:
[13:58] I have no idea.
Paul Konrardy:
[14:00] I don't know how to calculate that.
Jenny Evans:
[14:01] But definitely more than $5,000.
Paul Konrardy:
[14:04] Well, it's more than inflation. Let's put it that way. Even if you look at it any way you look at it, it's more than the inflation rate would have been. It's insane. And how can somebody who's entry-level position ever think about affording something like that?
Susan Evans:
[14:21] Well, here's interesting. I don't know if this is true. This is from the University of Missouri. Not that I don't trust the University of Missouri, but this number is so low that it's sourced from the Federal Reserve. The median household income in 1950 was $3,000.
Paul Konrardy:
[14:38] Wow.
Susan Evans:
[14:40] That can't be right. I don't believe that. Today, it's $68,000. In 2020, it's just under $70,000.
Jenny Evans:
[14:48] Well, I'm wondering if in 1948, there was only one person working. Yeah. Now you've got two people.
Paul Konrardy:
[14:54] Oh, definitely.
Paul Konrardy:
[14:55] Definitely. Well, think about when you're thinking of purchasing or housing. They do take your monthly income and then whatever percentage of that is not much you can spend on housing.
Susan Evans:
[15:12] Yeah.
Paul Konrardy:
[15:13] According to the actuarial tables. But it's fascinating three it it does sort of make sense that incomes would be in the three thousands it would
Susan Evans:
[15:23] Be three to five because your house is.
Paul Konrardy:
[15:26] You if the house is five
Susan Evans:
[15:27] Yeah that's just
Paul Konrardy:
[15:30] That's incredible i mean that is incredible it's fascinating that we're in this situation thinking in terms of what was but then now we're in this what is that is some of the foundational things are different like you mentioned jen about people are living longer so they need to have money longer than they used to yeah sure i mean think about how many people have stopped smoking because you know that used to be what the actuaries would love is how many smokers they have because then they, you know, bring the population median age down, but now they're living longer. So you, you know, you'd have to have a different plan. Um, that's kind of a weird thing for me to bring up, but in the context of an inherited generational wealth.
Paul Konrardy:
[16:26] I think your solution of skipping a generation is certainly somewhat viable. But then again, as Susan brought in with the, with the control, um, do people make the best decisions when they get that access in their twenties? So doesn't it make sense to put some strings on it, regardless of the situation, whether, you know, they're buying a house or whatever, should there be other Should there be other strings though?
Paul Konrardy:
[17:00] Talk about rarefied. I mean, this is a really weird topic, but apparently Diana, Princess of Wales, upon her passing, her estate went to William and Harry, of course, but they had it in trust, I think your leader team's something, Susan, and they couldn't touch any of it until 30.
Susan Evans:
[17:21] 30, I think, yeah, 30's a kind of number.
Paul Konrardy:
[17:23] They had to get through those crazy 20s in order to be viewed as making better decisions.
Jenny Evans:
[17:31] Fully developed prefrontal cortex.
Susan Evans:
[17:33] Yeah, exactly.
Paul Konrardy:
[17:34] Well, I guess, but I mean, some people will make better decisions at that point and some people won't. But bottom line is that there was an attempt to put it out of reach until you could make better decisions. So, I mean, when you're skipping generations, yeah.
Paul Konrardy:
[17:55] I think another concept we should talk about or think about, because this came to mind as I was thinking about the topic, is an inheritance even owed? Should people even get an inheritance?
Susan Evans:
[18:11] Yeah.
Paul Konrardy:
[18:12] Because it's one of those things of like, okay, I think of my parents and I always encourage them to spend every dime they made because I didn't think it was, you know, don't sacrifice your lifestyle as you age to leave something behind. You've got a legacy without the money. So i mean i just think of it like should everyone get an inheritance
Paul Konrardy:
[18:36] If that's.
Paul Konrardy:
[18:37] It's even that's a real concept i think there are some folks that feel entitled i mean who doesn't want that but i don't know is that is that skipping a generation making that point to your kids that you know this isn't for you this is for your kids
Susan Evans:
[18:54] Yeah the family dynamics when you skip somebody i'm resentful i'm angry i'm going to challenge the will because i needed the money because i've been gambling you know it's every television show you've ever seen i mean it's, but i think which is my favorite thing about television shows because i'm like, the other 98% of us don't live like that at all but it's like leave me your money but i think.
Susan Evans:
[19:23] It also brings up a value of if you have a lot of money, because I read that I think it was Bill Gates. It's like everybody's trying to give it away because it is so much money that you don't really have to live or do anything. You have no responsibility to make money if you have that much. And they're telling their kids, we don't want you to grow up like that. You have to have some sense of responsibility because they always say that that first generation that makes that much money. They have the issues and the problems and it's their kids that see these, this caused a problem, so I don't want that money. Is this, it's, I don't know that. I know that from television documentaries. So I don't know if that's a fact or not. But I think it's interesting. It's like, is that inheritance meant to help? And if it is, when is it helpful to receive it? And that goes back to, I'm going to dictate the three life episodes that I think it would be helpful to receive it. You know, the mob kidnapping you is not one of them that would come up. So you won't have access and you're going to have to figure that out yourself. You know, but I mean, when is it most useful? Like it would be like a wedding or a vacation every year. It's like, how do you want to have somebody use that money is a real interesting concept.
Jenny Evans:
[20:49] Or this concept.
Paul Konrardy:
[20:51] That's all. Go ahead, Jen. Sorry.
Jenny Evans:
[20:54] Okay. So in my mind, like, I feel like this concept only works if like everybody moves to that model because there is going to be one generation that's like, hey, I just got skipped here. But if just depending on how longevity continues to play out, how cost of living continues to play out, it might be a better long term strategy for creating generational wealth. And again, I know that generational wealth is a luxury that a lot of people don't have. um
Jenny Evans:
[21:37] And I'm also assuming that when people get money, they're thinking about how do I set myself up for a future that is more financially secure? So instead of saying, yeah, I'm going to buy that really great car, saying like, this is my one opportunity to have something close to a down payment on a house. I will never have a windfall like this. I cannot afford a down payment on a house, which most people can't. And so you are forever locked out of being a homeowner. The only way that a lot of this younger generation is ever going to own a house is if they somehow luck into a lump sum that's going to help them with a down payment. And maybe even then it's still not going to be possible.
Susan Evans:
[22:31] Right, right.
Jenny Evans:
[22:33] But to your point, Susan, like you could have a house that you inherit, but by the time you inherit that house, you're in your 50s. Well, where have you been living up until that point? But if you inherit a house when you are 25 years old, that is a different financial future.
Susan Evans:
[22:52] Yep. Absolutely.
Paul Konrardy:
[22:53] Very much so. Very much so.
Paul Konrardy:
[22:57] I mean, what comes to mind are the fires in L.A., because some of the households that burnt in some of the more or less than affluent areas were generational houses, where two, three generations would live. And they were owned by the eldest generation, but it was supplying housing for the next two. And once the house was burnt down then suddenly there's three generations that are homeless and talk about that was that was the vehicle for which they were transferring whatever value they had as a family to one another they always had a roof over their head so you know you look at that then they're actually they were in a sense skipping a generation they were actually spreading across two generations instead of one but um it it just shows that there's many many different ways that people are navigating this particularly when they're living in high cost areas that do impact how they're going to um
Paul Konrardy:
[24:07] have their lifestyle that they live and what what the generational interdependence is so i mean that it's it's this is a this is a fascinating topic because that concept of wealth when it comes to generations isn't always what you would consider ultra wealthy by any stretch but there's a huge amount of money that is tied up in real assets versus liquid. And when you try to liquidate the asset, then you end up with a completely different outcome and a different set of values, too. Because roof over your head is one basic need, and That doesn't always translate to an inheritance that has a liquid fun behind it. It has a great value to a lot of people.
Jenny Evans:
[25:07] I mean, and that's interesting. If you could bring up a great point, Paul, of just like how our values are shifting of, I don't know. Like America, I think, is just known for like independence and you should move out of your parents' house as soon as possible and you should be independent. You shouldn't have to rely on them where in a lot of countries, you know, you don't move out until you get married and then maybe you move in of like. That is a form of inheritance. That is a form of passing on generational wealth that is not. Often practiced in the U.S.? I mean, it is. It is. But maybe that's going to have to be more common.
Susan Evans:
[25:55] Yeah.
Paul Konrardy:
[25:56] Well, I think even in my own household, Peter, my husband, grew up in a three-generational household. He lived with his mom most of his life, but then they moved in, following her divorce, in with her parents. And the three generations lived together for a very long time. And that is just how things unfolded for them. In contrast to me, I lived with three other siblings with my parents, and as soon as I could get the hell out, I got out, because I had no interest in being there. So it was, you're right, there are so many different pathways that people go that seem un-American or Western or whatever you want to put it. They just don't seem like the norm, but it is quite frequent that there's a lot of people who do experience a different way of living. And then, you know, some flight back and forth, you know, flip back and forth. If they're in school, they come back and spend the summers at home or whatever as they're transitioning into their adulthood. So, you know, in some people's adulthood starts when they're 17 and some start when they're 34, you know, based on what they view as that definition of adulthood when they don't live on the roof. So that's, there's all kinds of different ways this could pan out.
Susan Evans:
[27:20] I would say usually in America, we are the odd one out of how people handle inheritance and family stability slash continuity. Um, I think we're the ones that go money, money, money and house, house, house. And other people are like, to your point, Paul, earlier, this is a multi-generational and we are going to keep what is important to us in the family for continuity purposes. And that is the goal, which is, so I, so I think every time I think this is how it's done, I always do a quick search. It's like, no, that's how it's done in America. Almost nowhere else. Yeah. I always think it's, it's a, everyone else has a better idea of how to share equity, in the family for sustainable reasons of that family line and the stability of it much more than Americans who make it about who got more when almost all the time. It's like I deserved more and I'm going to go to court and I'm angry, all valid from different points of view. So I'm not arguing or suggesting that's wrong. It's just how we do it seems different from others a lot of the time.
Jenny Evans:
[28:38] Well, going back to values, you know, like I think how, especially in the U.S., success is defined as living independently, leaving the house. And if you have to live with your parents, sort of like sometimes that connotation is like, oh, you're living in your mom's basement? You know, like.
Susan Evans:
[28:59] Mm hmm.
Paul Konrardy:
[29:01] Well, it's certainly a subplot within a lot of sitcoms these days.
Jenny Evans:
[29:05] Totally. But that is such a powerful way of creating and passing on generational assets and being able to do more and not have to have so much of your income all going to housing for just you.
Susan Evans:
[29:30] Yeah. True.
Susan Evans:
[29:34] I think this whole thing about how you're going to make it to your 70s, 80s, or even 90s, because we're all living longer, and that whole how long can you live, which I don't have a fascination with that question at all. I find that horrifying. I don't think my body's going to make it until tomorrow at the rate I'm going. So making it go for another 35 years is good. But I was talking with somebody, and it was about how much is it going to cost me to live if I hit 89, 90, 91 kind of thing. So the elder care is going to be crazy. And then I thought, it's just me and then my husband. So no one's going to come and see us.
Susan Evans:
[30:19] You just start going, oh, dear God, what's going to happen? And this guy goes, oh, no, it's going to be a lot of robotics by that point because we're already testing things. So you will probably have a robot or some sort of AI or machine getting your pills. The floor will be geared for if you fall, it will know it and it will alert somebody. All of these things. And they said, because it's robotic and not people, it won't cost as much. And I thought, I don't know if that's true or not, but I will feel good about that for the next four days. So, but I thought it was really interesting. It's like the fall detection, maybe even, and we already do it with AI and Alexa. I'm asking questions. I'm having a conversation with a robot, with AI, to get this. And they said, so the companionship that we don't think we have, we're already training ourselves for.
Paul Konrardy:
[31:11] I'm definitely a technologist in who I believe that's the future we see, Susan, but I really, truly believe we're going to be in a different state of need for human companionship as well. I think we're going to see a lot of offers or opportunities for that kind of a life where we don't necessarily have the agent in place concept. But I think that's going to lead to some crazy making and people going nuts and doing crazy shit.
Susan Evans:
[31:45] Yeah.
Jenny Evans:
[31:46] I'm already thinking of jacked up-ed sex dolls because these things already exist..
Paul Konrardy:
[31:54] Yes. Yes, but apparently, as you get older, that drive decreases. But I don't know, you know, now that we're doing some
Jenny Evans:
[32:05] Well, I'm just saying, like, you can just mod out one of these sex dolls just for more, like, it can pick you up off the floor when you fall, or it can wipe your butt, you know, or whatever.
Paul Konrardy:
[32:16] Can it wash my windows? I mean, that's—
Susan Evans:
[32:18] That's funny. That is funny.
Paul Konrardy:
[32:22] But I think you're right. I mean, but come on, Jen, all the major breakthroughs in technology always bring up sex in some way.
Jenny Evans:
[32:33] It's what drives human behavior.
Susan Evans:
[32:35] Yeah, isn't some of the stuff on the internet was discovered because, you know, something got XXX. You know how we can do this faster.
Susan Evans:
[32:43] Stronger, better, whatever.
Paul Konrardy:
[32:44] Oh, yeah, porn's been a huge driver.
Susan Evans:
[32:46] Yeah, exactly.
Paul Konrardy:
[32:47] Porn's been a huge driver for a lot of internet capacities that we enjoy for other non-porn reasons.
Jenny Evans:
[32:57] So you're saying we should really put the porn industry on this? Yeah. Their assignment?
Susan Evans:
[33:03] Oh, yeah.
Paul Konrardy:
[33:04] I think we should get—just get a focus group of sex workers, and I'm sure you've got all the answers you need for everything with this. Everything.
Susan Evans:
[33:15] Call 1-800-CALL-247 for a fall, for this, for that. Yeah, they already got 24 hours a day covered.
Paul Konrardy:
[33:22] So I think how do we take that and
Susan Evans:
[33:25] Put it to elder care?
Paul Konrardy:
[33:27] I do. Susan, I do, you know, sorry to take this into a different realm, but I do love the idea of a fall monitor. And I think there are already listening devices for that type of When a monitoring system that if they do hear some types of noises, they, they will definitely trigger something. I don't know whether that's the grunt, the groan, the bone crack or what, but it's already happening.
Jenny Evans:
[33:59] The really loud expletive. Yeah.
Susan Evans:
[34:02] When you get three fuck, fuck, fucks in a row, then again and again, that means they've fallen. And it'll be personalized to me because that's what I would do. I'd be swearing.
Susan Evans:
[34:11] Yeah yeah it's
Susan Evans:
[34:13] Like and then a scream it's like yeah yeah.
Paul Konrardy:
[34:14] I don't think we're gonna hear the classic i've fallen and i can't get up i don't think we're gonna hear that i don't think that's what real life brings us but um no those it's
Susan Evans:
[34:24] Been quiet in there for eight hours i think she's gone.
Paul Konrardy:
[34:29] Yeah not even just laying there waiting for something to help they're gone they're just gone
Susan Evans:
[34:34] She's been at the bottom.
Susan Evans:
[34:35] Of the stairs
Paul Konrardy:
[34:35] we're gonna immediately gonna go to gone
Susan Evans:
[34:39] We're not helping. It's been too quiet for too long.
Jenny Evans:
[34:41] Okay. Well, I'm going to be interested to hear people's comments and thoughts on this. And I'm sure there'll be a lot. And I'm sure I probably put my foot in my mouth 18 different ways in talking about this. Yeah. This is just a super interesting conversation because it's, man, there's just so many different angles and ways to think about this and do it. And, you know, I'm just thinking about the tacticalness of this. But Susan, to your point, it becomes so emotional.
Jenny Evans:
[35:17] And then especially when you have like siblings and other members of the family that think it should happen this way and it's going to happen this other way. But I'm curious, I'm going to do a little bit of research. Like, was there a point in time where an inheritance was more expected and was more common? Because I do think our generation, at least, all three of us were like, no, I'm not expecting anything. And like you, Paul, I was like, please spend your money. Please spend your money. And I've even told Bella, if I do this right, I'm dying with zero dollars, just so you know.
Susan Evans:
[36:00] Oh, exactly.
Jenny Evans:
[36:00] So you got to make sure you got a plan in place.
Paul Konrardy:
[36:06] Yeah, well, I think that's also early expectations. Yeah. You know, setting those expectations earlier than not. Because I do think that there are some family units that are very much saying, well, you'll get that in your inheritance, or that's your inheritance, or, you know, you'll get that when I'm done with it. That kind of stuff. Which is, I think that's just sort of setting up for disappointment overall but you know there are people who do live by that i mean
Susan Evans:
[36:37] Well and i think.
Paul Konrardy:
[36:38] We wouldn't have your procedural uh shows susan if there weren't people who did that
Susan Evans:
[36:44] I know just ask me about any of them and i can tell you what it is yeah, i think it's because i do think it would be interesting for people to say here's how i do it from, from my point of view from my family, from my culture, from my part of the world, because I do think what we're talking about, is a very American idea, of independence, get out of the house, separate households for all different members of your family. That whole thing is very much a divide this between this, this, this. Is it equal? Is it not? Everything that comes with that. It seems very American versus other cultures. So it would be interesting to hear from other people say, this is how we do it. You might want to consider it America because you're failing fast. You know, it's like different ways to do it. And also my grandparents, when they passed, it was that both sides of the family were different. Some was a little bit of here's what's left over. And then the other side was, what do you want that we own? Do you want this dresser? And so inheritance for both sides of the family was very different.
Susan Evans:
[37:59] So I think it just depends on what is precious to you. What do you want to give to somebody else? And that can be anything. I mean, it doesn't, you know, I don't think money is the answer. I think it's the things I cherish from my grandparents are about two or three things, but I look at it as like, that's what I remember from my childhood with you. That's what I want. I want that thing that evokes the memory is the inheritance.
Jenny Evans:
[38:26] I have a story. That's the opposite of this. My grandma had a spinning wheel. And when I was a kid, I thought that was the coolest, greatest thing ever. And so my grandma said, okay, when I die, you get the spinning wheel. So when she died, my mom was like, here's the spinning wheel. And I was like, I don't have room for that. You hang on to that. And like my fascination with the spinning wheel was long gone. Fast forward, my mom's always trying to unload this spinning wheel on me, and I'm like, I don't want it, I don't want it, I don't want it. So my cousin... Same grandma. I was like, would you like this? And she's like, yeah. And I'm like, yes. Y'all, my mom, she hasn't been that pissed off at me. And I don't know how long. She was so mad. And I said, mom, that was my inheritance to do with what I saw fit to do. And boy, she did not agree with me. She was so mad. So, sorry, just of like the things that you're like, oh, I can't wait to get that. And I'm like, would this freaking spinning wheel stop following me around? I don't want it. I was four when I said I wanted that.
Paul Konrardy:
[39:51] Well, yeah, we were different people, weren't we? I mean, and our needs change. Needs definitely change.
Jenny Evans:
[39:58] Yes.
Susan Evans:
[39:58] I have this whole kind of Disney-esque thing going on in my head where, Jen, you're walking along and you turn around and the spinning wheel stops. And just freezes in place. And you keep walking and the little legs of the spinning wheel keep going forward. You turn around, and
Susan Evans:
[40:12] Freezes in place.
Susan Evans:
[40:14] Not following you.
Paul Konrardy:
[40:16] Just don't touch that one thing.
Jenny Evans:
[40:18] Don't touch that spindle.
Paul Konrardy:
[40:20] Yeah, don't touch that because you know what happens with that. Then you have to have somebody kiss you to get you to wake up.
Jenny Evans:
[40:26] Yeah.
Susan Evans:
[40:27] A lot of community issues that go on after that finger goes. Yeah.
Jenny Evans:
[40:32] Well, on that note, I think this is a good place for us to end.
Paul Konrardy:
[40:37] Probably when we start talking Disney. Yeah, it's time.
Susan Evans:
[40:40] Oh, my God. That was good. That was a really good discussion.
Jenny Evans:
[40:46] Yeah, I'm looking forward to hearing people's thoughts on this. Lots to learn. I'm curious. Very curious.
Susan Evans:
[40:52] Yeah, educate us. Expound.
Paul Konrardy:
[40:56] And that's your Monsters of Curiosity today.
Jenny Evans:
[40:59] We'll see you next week.
[41:01] Before you go, a friendly reminder that the people on this podcast are curious, not certified. Nothing you just heard is professional legal, financial, or business advice. It was a conversation, a good one, but still just a conversation. And if something they said makes you want to rethink your entire business model, maybe you should sleep on it first and then call someone with a license. The hosts bring the ideas and you bring the judgment And if it all works out, they'd love to hear about it If it doesn't, well, then they've never met you All content is copyright monsters of curiosity And may not be reproduced or distributed without permission
