“We Don’t Plan Leaving Any Wealth For Our Children”- IROKO TV CEO & Wife Says, Give Reasons

IROKO TV CEO, Jason Njoku & wife, Mary Remmy Njoku have decided not to leave any wealth for their kids. In a recent tweet, Jason Njoku stated that it’s the job of himself and his wife to give their children a good education because inherited wealth is a burden.

His tweet reads:

@MrsMaryNjoku & I save to guarantee our kids a great education. After that our job is done & they can fend for themselves. We don’t save for ourselves we spend to enjoy today. Young money is better than old money. It’s way more fun. Trying to leave as little behind as possible

From all I have read Inherited wealth is mostly a burden. We actually don’t buy much stuff. We spend on family experiences. Experiences we hope to gist about when we’re old and less mobile. In the end life is to be lived

Some comments on his post:

@Queenlight

An inheritance is a burden when children aren’t adequately prepared and trusts, etc are not set up + run properly

@Awonda

Inherited wealth isn’t bad as long as there is a trust and structure behind it. Also there is a leg up that it gives your kids to follow their dreams and do the same for the next generation. I know you probably have read about the Rockefellers of NY. Just be mindful as you draw