What is it like to be a child's child?

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Baby Trust Fund is a colloquial term that refers to an individual whose rich parents have provided him with a foundation that provides his financial security for life. Popular culture and media are full of depictions of children of trust funds that richly spend, abuse alcohol and drugs, have a deceptive sense of their own meaning, they cannot achieve everything worth, and often find that their lives are hollow and insignificant. Although such ideas can bring fun story lines, they are stereotypes. In fact, as well as individuals from any socio -economic background, it is difficult to provide a general description of the lives of the life of trust funds. As with all of all areas of life, some children of the trust fund can achieve that others can remain in superficial pleasure. He may be ensured by nanny care and many extravagant toys can be allowed. His family can take him on a luxury holiday and can attend expensive prestigious schools. NAnd on the other hand, his family may prefer not to consider his wealth from an early age, and can have what the general population considers as a "normal" childhood, without extravagance.

It is a widely accepted stereotype that every child of a trust fund is automatically accepted to the most important universities in the world on the basis of the wealth of their parents. The truth may be less black and white. Family wealth can allow the child a trust fund to pay often huge tuition charged by many of the most universities. The same wealth could enable the child a trust fund to attend an impressive preparatory school that can strengthen its college application. Admission to a high -ranking university is not guaranteed by each applicant and usually depends on the standardized middle -class test score and diameter.

Whether a child of a trust fund decides to attend college,He must eventually consider what he wants to do with his adult life. In fact, some children of the trust fund do not feel career and instead decided to live on the money they inherited. However, many children of the trust fund decide to develop a career in an extremely wide range of disciplines. They can take over their family's business, train to work in a profession, become artists, or apply for a political function. Some children of the trust fund can focus on charity work, volunteering for non -profit organizations or project financing such as artistic foundations or medical facilities.