Popular Nigerian businessman, Jason Njoku, has revealed that he and his wife, Mary Njoku have no intention of leaving their wealth for their children.
The Iroko TV boss and father of three made this revelation in a post on his Twitter handle, while asserting that inherited wealth is mostly a burden to those it is bequeathed to.
According to him, his main responsibilities toward his children are ensuring they get a quality education and memorable experiences.
He said he’s of the school of thought that one should enjoy one’s wealth while young instead of saving it for old age.
“@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”.