Hi Mr. Loo, what are your plans for leaving a legacy to your children or grandkids? Is this something that you've planned for? - Seedly
 

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AMA 1M65

Asked by Hariz Arthur Maloy

Asked on 07 Nov 2018

Hi Mr. Loo, what are your plans for leaving a legacy to your children or grandkids? Is this something that you've planned for?

Also, what's the ballpark figure like? Will this include your investments, CPF, property, and cash?

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Loo Cheng Chuan
Loo Cheng Chuan, Founder at 1M65 Movement
Level 6. Master
Answered on 07 Nov 2018

The best legacy you can leave to your descendants is the financial know-how to become rich and the ability for them to be independent and become rich themselves. I personally do not believe in giving my children too much which will only serve to spoil them and not to have the need and urgency to work hard and to be thrifty.

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