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Message: [QUOTE="Niastri, post: 5305336, member: 722"] Of course generational wealth is a sloppy term that could mean different things. I'll take a shot at defining what the lower limits of "generational wealth" could mean. If you were raised in a family with a combined family income of 100k, for instance, if you can create that income stream permanently, with inflation protection, for $3 million or so dollars. SCHD (dividend paying ETF) pays 3.88% right now and has a long term record of increasing their dividend faster than inflation. (Not financial advice). Your $3 million pays enough to replace your family income and still have some leftover to reinvest. It also has a qualified tax rate, so your take home is more than if you earned that amount in a salary. For $6 million, your parents can retire too. This is where I would suggest you actually have generational wealth... It isn't enough to take care of yourself. Plus, when your parents die, you can use that pool of money to make sure your kids are taken care of as well. But you still have to be careful with spending. Most of these kids aren't getting that much from NIL. Very few of them are going to get close. When taxes (ignoring the agents fee) are counted, you'd need about double that in NIL and not spend any of it to get to the target amount. Very few kids are getting "generational wealth" from my narrow definition from their NIL. At least not yet... The fact that QBs are commanding multiple millions per season means it won't be long before they are at least leaving college without ever having to have another job. Taking care of their families permanently will still require NFL time, though. NIL isn't that much, yet. It sure beats working 20 hours a week at the college information desk for (inflation adjusted) $8.5 an hour like I did, though. And I felt like I was rich because I had an academic scholarship and could actually waste every penny of it, unlike some of my friends who were scrounging every penny for tuition. [/QUOTE]

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