I’ve amassed $1.2M in assets a decade after receiving early inheritance

Regarding the ongoing debate about early or late inheritance, I believe it all depends on how the recipient handles family assets. If the heir is responsible and knows how to manage and grow the wealth, parents should consider passing down their wealth early. However, if the heir is likely to squander it, holding off is a better option.

I received my inheritance early when I was 29, which included a 100-square-meter plot of land worth VND900 million. I sold the property and spent an additional VND400 million to start a business.

With an initial capital of VND1.3 billion, my wife and I gradually grew our assets. Over time, our wealth has steadily increased. Now, our assets are worth about VND30 billion after 11 years.

If my parents had kept the land instead of giving it to me, its value would only appreciate to around VND5 billion at best. This shows how wise my parents were to transfer the inheritance early. I am deeply grateful for their trust, as it has given me a comfortable life today.

My two younger sisters also inherited similar plots of land. Afterward, they married, built homes, and now live on those properties, avoiding the struggle of saving for a house like many of their peers. Although they did not grow their wealth as much as I did, they still enjoyed a more comfortable life than if they had started with nothing.

Sharing my parents’ philosophy, I strive to follow the same approach with my children and grandchildren. I believe that, over a few generations, a good seed will grow into a strong tree, spreading its branches wide. However, financial support must go hand in hand with education to help children become both talented and ethical individuals.

Would you leave wealth for your children or let them start with nothing?

*This opinion was translated into English with the assistance of AI. Readers’ views are personal and do not necessarily match VnExpress’ viewpoints.