Spencer Matthews reveals why he is planning to withhold his fortune from his kids in frank admission
To nepo baby, or not to nepo baby? That is the question on the lips of many celebrities who try figure out how best to avoid their children becoming strung out due to their potentially cozy upbringing.
While it is perhaps not the most relatable discussion, it is nonetheless one that come up quite often.
Well, this came up once again when Made in Chelsea star Spencer Matthews appeared on This Morning and discussed why he is planning to withhold his fortune from his kids.
Matthews himself came from inordinate wealth, with his father being hotel owner and former race driver David Matthews.
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The reality star appeared on the morning show to discuss his recent fitness challenge, in which he ran 170km in 24 hours.
Matthews also found himself defending his decision, however, to not leave his wealth to his three kids, saying he doesn’t want them to be become ‘trust fund’ kids.
He said on the show: "I think it's important to help your kids if you can. Give them a steer in life, obviously. As my dad has helped me, my mum has helped me, from time to time.
"But you know, trying to understand how to make your own way in life is really important, feeling proud of yourself for your own achievements, not being given everything on a plate is what I meant by [comments saying he would not be leaving his wealth to his children]."
The star shares his three children, Theodore, six, Gigi, four, and Otto, two, with his wife Vogue Williams.
He went on to say: "It's important for the development of the child. You need to earn your own way in life. That's not to say I wouldn't give my kids a helping hand."
This comes after comments made in an interview with The Mirror, in which Matthews said: "There’s no point in doing well in life and then giving it all to your kids. It’s doing them a huge disservice."
He went on to say: "If you’re a young man who’s just given everything, or a young woman, who’s just given everything, you may not ever understand the need to work because you have what you think you want, and then, therefore, you won’t ever feel proud of yourself.
"You won’t ever have a sense of achievement."
Matthews claimed this decision was inspired by comments made by Jimmy Carr on the Diary of a CEO podcast, in which he stated children who are left large inheritances are oftentimes ‘mentally tortured’.
Carr said: "Having stuff isn’t fun. Getting stuff is fun, right? It’s not the pursuit of happiness, it’s the happiness of the pursuit."
Easier said when you’re the person with the stuff, but each to their own.
Topics: Celebrity, ITV, Money, Parenting, TV, TV and Film, This Morning, UK News
Michael Slavin