Marie Osmond is sticking to her plan to keep her children out of her inheritance.
The former country singer, 63, has been open about her plans to donate her fortune to charity rather than leave it to her seven children.
“Honestly, why would you allow your kid not to try to be anything? I don’t know anyone who will become anything if you just give them money,” Osmond said told Us weekly. “To me, the greatest gift you can give your child is the passion to find who they are inside and to work. I mean I’ve done so many things starting with designing dolls and a lot more. I like to try and I want to try everything. I’m a finisher.”
Osmond, who rose to fame as a member of the famous Osmond family at a young age, is a mother to eight children: Stephen, 39, Rachael, 31, Jessica, 35, Brandon, 26, Brianna, 24, Matthew, 23, and Abigail, 18. In 2010, her 18-year-old son Michael died by suicide.
The singer firmly believes that leaving behind wealth can discourage the younger generation from working hard.
“It’s one of my rules with my kids. If you start it, finish it, you never have to do it again, but you must finish it. I’ve worked hard and I’m going to spend it all and have fun with my husband,” said Osmond, who remarried ex-husband Stephen Craig in 2011, more than 25 years after their divorce.
Osmond first revealed her financial plans further in 2020 during a segment The conversation in which the hosts discussed Kirk Douglas, who died in February this year at the age of 103. The movie star left most of his multimillion-dollar fortune to charity.
“I don’t leave my kids any money,” Osmond explained to her co-hosts. “Congratulations, children. My husband and I have decided that… I think you are doing your children a great disservice by simply giving them a fortune, because you are taking away from the most important gift you can give your children, and that is the ability to work.
Osmond added that children from wealthy families often “don’t know what to do” and “get in trouble.”
Despite her statements, Osmond stated that she has no problem helping her children through their lives financially, whether it’s buying a house or a car.
Encouraging her children to find their own financial success is an important lesson for Osmond, who previously explained that she’s found tremendous value throughout her six-decade career in the entertainment industry.
“I am very blessed to see my work as work and my life as life,” she told Yahoo Life in January 2022. “I think that’s where a lot of people get lost in show business. Perhaps their self worth is only invested in their work. But I love life and I don’t have to be on stage to be happy. I can always be happy.”
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https://www.yahoo.com/lifestyle/marie-osmond-kids-inheritance-laziness-entitlement-180640902.html All it does is “breed laziness and entitlement”