Happy to explain.
there’s no surgeon in the world that’s offered $20 million in 5 years Guarenteed straight out of undergraduate school with the opportunity to make even more with a second contract. In fact most surgeons by the time they finish school, payoff their student loans and live extremely handsomely rarely generate a $6 million net worth, let alone $20 million.
Let’s take my family with 17 cousins for example, I’m not talking about buying them houses, cars, luxury gifts, etc. I’m talking about sending them to college and or paying off their education. Let’s say each one of my 17 cousins averaged $200k in college a piece (an extremely high number but for arguments sake). Under that scenario it would cost me $3.4 million to send my entire family to college. If I’m looking at $20 million Guarenteed that’s an investment I can afford to make and would be happy to make. I do feel a responsibility to my kin to help them flourish and while I agree that specifically gifting them money is against morals, gifting them an education so they can best maximize their potential is perhaps the best gift a person can give. ‘Teach a man to fish’ ideology.
I wouldn’t be able to afford that though with a $6 million contract, $20 million you wouldn’t feel it…. $13 million changes family trees and also changes communities.
Now if you want to go full blown Dave Ramsay and hoard your money that’s fine too, most with that kind of income choose to give their families the best chance at success. An extra $13 million you can ensure every member of your family for generations can go to college, can you think of a better legacy?