Common occupations for heirs and those financed by the bank of Mom and Dad

[Anonymous]

From the people I know:

Musician (semi big in the LA underground music world)
Capital Hill (not really sure what, but something swanky)
Correspondent for the Wall Street Journal (currently lives overseas)
Blogger
Nurse
IT start up (that is quite successful)
Chronic graduate student
Infectious Disease Doctor
Doctor who works for Doctors Without Borders
Non profit cofounder that supplies clean water in impoverished countries
Non profit founder who deals with education in impoverished countries
Non profit founder who deals with medicine in impoverished countries.
And various start up companies, some successful and some not

[Anonymous]

The ones I know are in finance (several), real estate (a couple), auction houses (several), race car driver (1), SAHPs (several), entrepreneurs (a couple), consulting (a couple), family business of some sort (a couple).

[Anonymous]

Artist and ski instructor living in parents' home in Jackson Hole

[Anonymous]

Novelist who spends a lot of time at the family vacation home

[Anonymous]

Working on or owning an organic farm if they are the crunchy trustafarian type.

Boutique owner.

[Anonymous]

Anonymous wrote:From the people I know:

Musician (semi big in the LA underground music world)
Capital Hill (not really sure what, but something swanky)
Correspondent for the Wall Street Journal (currently lives overseas)
Blogger
Nurse
IT start up (that is quite successful)
Chronic graduate student
Infectious Disease Doctor
Doctor who works for Doctors Without Borders
Non profit cofounder that supplies clean water in impoverished countries
Non profit founder who deals with education in impoverished countries
Non profit founder who deals with medicine in impoverished countries.
And various start up companies, some successful and some not

You sure know a lot of rich people.

[Anonymous]

Among my acquaintances:

Archivist
Social worker
Adjunct college faculty married to an artist
A SAHP married to another SAHP who is planning to get her real estate license

[Anonymous]

former journalist/SAHM (heiress) married to private school teacher

bakery owner (heiress) married to journalist

SAHM (heiress) married to investment bank managing director (heir)

public interest lawyer (heir) married to private school teacher

manager of family foundation (heiress) married to investment banker

environmental consultant (heiress) married to public interest lawyer

social worker (heiress) married to Episcopal priest

[Anonymous]

In high-paying fields like BIGLAW, I banking, medical specialties etc. it may be harder to tell who is "truly" self-made and who has family money as well.

It's easier to tell when you have someone who works in a museum married to a freelance producer living in an expensive apartment in Manhattan etc.

[Anonymous]

Private school teacher
Director of family philanthropy non-profit
Art/antiques dealer
Stay-at-home single parent
Part-time partner in family law firm
Freelance graphic designer

[Anonymous]

The only one I know who comes from serious wealth, I'm talking billions, trained to be an esthetician and now owns her own small chain of boutique spas with an off-shoot business for dogs (you can drop off your dog for a walk or grooming session, while you go to the spa). She worked very hard at it and now the business is doing very well and she's been able to reduce her hours to 30/week or so.

[Anonymous]

Depends how much money and when it was made. Second generation wealthy tends to have their own careers and a self consciousness about making their own money in addition to what they inherit. Third generation wealth are the ski instructors.

[Anonymous]

Anonymous wrote:In high-paying fields like BIGLAW, I banking, medical specialties etc. it may be harder to tell who is "truly" self-made and who has family money as well.

It's easier to tell when you have someone who works in a museum married to a freelance producer living in an expensive apartment in Manhattan etc.

I was in Biglaw and also went to boarding school, top college, etc. I don't know anyone who comes from family wealth who went into law or medicine. My friends and acquaintances from truly wealthy families generally did something very lucrative (in finance) or fun (in the arts or charity or the random race car driver I mentioned above).

[Anonymous]

Anonymous wrote:Depends how much money and when it was made. Second generation wealthy tends to have their own careers and a self consciousness about making their own money in addition to what they inherit. Third generation wealth are the ski instructors.

I guess that makes sense. If it goes into the third generation and beyond it's serious wealth.

[Anonymous]

Anonymous wrote:

Anonymous wrote:In high-paying fields like BIGLAW, I banking, medical specialties etc. it may be harder to tell who is "truly" self-made and who has family money as well.

It's easier to tell when you have someone who works in a museum married to a freelance producer living in an expensive apartment in Manhattan etc.

I was in Biglaw and also went to boarding school, top college, etc. I don't know anyone who comes from family wealth who went into law or medicine. My friends and acquaintances from truly wealthy families generally did something very lucrative (in finance) or fun (in the arts or charity or the random race car driver I mentioned above).

So the children of very successful lawyers and MDs don't follow their parents' career path?