to think it makes sense to save money/ buy property even if you come from a wealthy family?

[Lilylo]

I guess this may be a controversial topic, but I am looking for honest opinions here!

Do you think people who come from wealthy (or very wealthy) backgrounds should work hard at saving their salaries and buying property with their own money, knowing that one the day will certainly inherit a lot of money and multiple properties?

What made me think about this is the difference in attitude between both me and my sister and my DH and DSIL.

While both DH and I come from wealthy backgrounds, we have normal jobs (that we love) and are very careful with the way we spend our salaries. We always make sure we save at least x amount, we never overspend, never made debts, live quite "frugally" (or at least not a luxurious lifestyle!). Even though we live a property owned by DH's family, we are thinking about buying a small flat in London with our own money (taking a mortgage) as a BTL investment. Our joint savings are very consistent (£100k+) thanks to the lucky situation we are in (no rent, no mortgage, no kids yet).

On the other hand, both my sister and DSIL have a very different attitude towards money: they have zero savings, spend all they earn (they both have normal salaried jobs, like we do), indulge in many treats/ luxuries and so on.

I talked to my sister about this, as I am a bit concerned about her careless attitude towards money. Her opinion is that we will anyway inherit multiple properties each + good amount of cash one day so it makes no sense taking on debt for a mortgage or saving a lot of money. DSIL seems to have a similar approach. I shall add we are all (DH, DSIL, DSIS and I) very lucky to be able to live for free in properties owned by our families.

I am on the fence about this. Are DH and I being unreasonably stingy and greedy? What are your thoughts about these two different attitudes?

Relying on other people's money is crazy. Firstly, it just doesn't seem right to be waiting for someone to die so you can benefit. It can lead to the sort of greedy, entitled attitude that sees someone being written out of a will.
Also, money may need to be used for care home fees (and rich elderly people may want the best sort of care home, and they're entitled to have it as its their money). Families break up, parents remarry and step parents then have a claim on the inheritance. Families fall out, and parents may decide to make large bequests to charity or to pass money directly to grandparents.
There are always threads on Mumsnet where people are stamping their feet about not getting the inheritance they felt entitled to - don't depend on anyone else.

Inheritance is nice but you should never rely on it. My parents retired at 57 with a very nice amount behind them but 20 years of good iving eats into that, then there could be another 20 + years of expensive care in the future. My Dad died at a good age but is outlived by a parent, really its very silly to think that if you do inherit then it will be by the time you retire. Of course you have the fakily breakups and bad investments that also add to the risk.

Having said that if the other siblings ate oiving within their means and enjoying life then that isntheir decision.

Bad typing, sorry.