Are there any downsides to marrying into a rich family?

[Anonymous]

People who marry for money earn every penny. Trust me on this one.

[Anonymous]

$25M for a family is comfortable but some would not call rich.

[Anonymous]

Your family unit usually bends to do what the wealthy side wants in order not to tuin inheritance. You mY start living above your current means hoping for large inheritance.

Your kids may become entitled…but this is something you can combat early. You may have to mingle with people you particularly care for.

[Anonymous]

Anonymous wrote:God yes. They:ll expect to control everything and force you into their cultural norms.

This happens in many families though particularly if you marry someone of a different cultural norm than you are.

[Anonymous]

$25M for a family is comfortable but some would not call rich.

We have plenty of money, live a great life with two homes, fly business, etc. and I can't imagine anyone being so out of touch that they don't realize that $25 million is objectively rich. Wow.

[Anonymous]

We will have this by the time our kids are older. I would not consider this real wealth. DH earns a seven figure income but we are pretty down to earth.

Our kids know they will have to support themselves. We will pay for college, grad school, wedding and probably a down payment. They are on their own for the rest.

[Anonymous]

Anonymous wrote:

$25M for a family is comfortable but some would not call rich.

We have plenty of money, live a great life with two homes, fly business, etc. and I can't imagine anyone being so out of touch that they don't realize that $25 million is objectively rich. Wow.

The Lebron James, Kardshian affect. It truly has people jaded about financial wealth and comfort in a normal world where cameras are not in front of our faces with special lenses to make us look amazing at all times. It's not reality, but some people can't separate the two. We do well and are very comfortable, not quite 25 million, I am rich, there is no other way to describe it.

[Anonymous]

You are owned.

[Anonymous]

Anonymous wrote:My sister married into a 20 mil net worth family. They are the most down the earth, kind, normal, stable people ever. You’d never think they are rich based on how they present themselves and their modest lifestyle. The FIL worked hard in his youth to accumulate the wealth and they lived a relatively modest lifestyle to their income.

She is incredibly happy and there are 0 strings. They adore her and feel happy to have her!

What a life! Wow. I can’t help but envy that. Not the money so much as the incredible happiness.

[Anonymous]

It entirely depends on the family, OP. For me it has been nothing but upsides. They are kind, accepting, generous, and are great grandparents to my children. I have never felt any strings attached when it comes to their generosity, either. They stay out of their our decision making. MIL is one of my best friends.

[Anonymous]

$25MM really doesn't count. I think to ask this question you have to be thinking like $100MM at least

[Anonymous]

By “family” do you mean it’s not the wealth of the person you’re marrying, but their parents? That’s the dynamic you have to watch out for. Having rich parents can be tricky. Having a rich spouse is easier imo.

[Anonymous]

If they’re from a very different class than you it can be weird. Like say all the female relatives are SAHM, plus a nanny per child, or just have a hobby job, you might not have much in common.

[Anonymous]

Anonymous wrote:

$25M for a family is comfortable but some would not call rich.

We have plenty of money, live a great life with two homes, fly business, etc. and I can't imagine anyone being so out of touch that they don't realize that $25 million is objectively rich. Wow.

I disagree, sort of. Our net worth is about $20MM. We are extremely comfortable and want for nothing but I’m still careful with our money. My cousin is what I call rich. His net worth is low 9 figures. We fly business class, he owns a jet. We have a Mercedes, he has 3 plus a Rolls. See where this is going? There’s comfortable and then there’s rich. And, also, a PP said to expect to sign a prenup. That’s a definite in a rich family. Not so much in a comfortable family.

[Anonymous]

I did this and it’s been nice because they are very down to earth (will fly economy generally even), generous to us with no expectations, and involved with their grandkids. Totally depends on the family. I earn enough money though that we do not need theirs in any way. Anything they give to us is just a nice to have.