'I don't want nepotism in my house,' one multi-millionaire said as he told Newsweek why he's not leaving a dime of his fortune to his two sons until they learn to make money for themselves.Siam Kidd, who runs the trading advice website The Realistic Trader, is a former Royal Air Force pilot from Norwich in the United Kingdom who went from being broke to becoming a millionaire with six businesses by teaching himself the finer points of investment and trading.
'It's his experience and this ethos that has shaped his desire to do something different with his two sons—aged 5 and 6—when it comes to passing on his wealth.'I'm a data-driven guy so you look at all the stats of lottery winners, trust fund babies, and recipients of big inheritances and what happens to them? They blow the lot,' he said. 'It makes you mentally lazy because you figure there's no point in working hard. Your work ethic goes out the window.