What is it called when a person makes a bunch of money as a result of inheritance? Is that good olí earning it the hard way capitalism that anybody can do if they just put their mind to it?
:shrug: it's called getting an inheritance. In his case, it's getting $5K a year for the next 5 years, which is going to help him get out of debt and start saving up a down payment.
But I would say that he (or you, or I) "earned" it no more or less than we "earned" a country free of civil war to grow up in, an education system, rule of law, lessons in thrift and savings, good work ethics, or anything else that provides us a benefit now that our parents, grandparents, and ancestors passed on to us.
Iíve always dreamed of a life of getting rich by fixing lawnmowers.
It's not a bad way to do it. A recent study of American millionaires came back with some interesting data - the three most common occupations were Accountant, Engineer, and Teacher.