Marie Osmond is not giving up on her plan to leave her children out of the inheritance.
The 63-year-old former country singer has opened up about her plans to donate her fortune to charity instead of leaving it to her seven children.
“Honestly, why would you let your child not try to be something? I don’t know anyone who becomes anything if they’re just paid,” Osmond said. Us Weekly. “For me, the greatest gift you can give your child is the passion to find who they are inside and work. I mean, I’ve done a lot of doll designs and a lot more. I like to try and I want to try everything. I’m a graduate.”
Osmond, who rose to fame at a young age as a member of the famous Osmond family, is a mother of eight; , 18. In 2010, her 18-year-old son, Michael, committed suicide.
The singer is convinced that giving up wealth can deter the young generation from working hard.
“That’s one of my rules with my kids. If you start it, you finish it, you never have to do it again, but you have to finish. And, I just think inheritance breeds laziness and entitlement. I worked hard and I’m going to spend it and have fun with my husband,” said Osmond, who remarried ex-husband Stephen Craig in 2011, more than 25 years after their divorce.
Osmond first revealed his financial plans back in 2020 during a segment The conversation in which the presenters discussed Kirk Douglas, who died in February of that year at the age of 103. The movie star left most of his multi-million fortune to charity.
“I leave no money to my children,” Osmond explained to his companions. “Greetings, children. My husband and I decided that… I think you’re doing your kids a disservice by giving them just wealth because you’re taking away the most important gift you can give your kids, and that’s the ability to work.”
Osmond added that children from wealthy families often “don’t know what to do” and “get into trouble”. “Let them be proud of what they made, and I’ll give mine to my charity,” he added.
Despite her statements, Osmond elaborated that she has no problem helping her children financially throughout their lives, whether it’s buying a house or buying a car.
Encouraging her children to find financial success on their own is an important lesson for Osmond, who has previously explained that she has found immense value in her six-decade career in entertainment.
“I’m very blessed to see my work as work and my life as life,” she told Yahoo Life in January 2022. “I think that’s where a lot of people in showbiz get lost. Maybe their self worth is invested. only in their work. But I love life and I don’t have to be on stage to be happy, I can always be happy.”
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