Well, talking of young people, I suggested to my then 35 yo son 3 years ago that he might consider taking over the running of my business, with a view to becoming a majority shareholder in time - IHT and all that, otherwise I would sell up and live off the proceeds, until it was gone. The fly in the ointment was that I wanted to retain the same level of drawings, which meant he would be on substantially less, unless he improved the turnover sufficiently to draw more. A good incentive, I thought.
It should be win win for us all, but recently he came to see us with a suggestion that as he needed more money, we should downsize our 5 bedroom house, more in keeping with our present requirements for 2 'old' people, and the money we then saved could go to him.
He could see nothing wrong with this plan, obviously, we could see nothing right with it, and he is currently 'considering his position'. I suspect he may see our point of view sooner than we see his.
The younger generation eh?
