If you are a trust fund kid, why do you work?

[Anonymous]

Anonymous wrote:I know 4 trust funders; they me is an IL and the rest friends from hs.

All are ages 53-60 and each has excelled in fields beyond and independent of parents’ trust fund; two have begun, then bought and sold successful businesses, one is a physician, one slowly retired but monetized a hobby (similar to teaching riding lessons).

The work ethic is there and it seems all strive not to become a trust funder stereotype.

Ya…right

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because I love what I do, because I love the people I work with, because I'd be a terrible SAHM, because it gives our family health insurance, because working full time helps me be a better parent.

Fraud Alert. If you're truly wealthy you wouldn't need to work to get health insurance.

Also, doctors that serve the wealthy a lot of the times don't even take insurance. They're also concierge doctors more often than not.

DP. Depends on what you define as truly wealthy. My DH is comfortably a 1%er with a trust fund, but health insurance definitely factors in to our decisions to keep working. The cost of insurance for a family on the open market is insane. Throw in a cancer diagnosis, a few other random middle-aged health scares, and the prospect of many more decades of declining health, and yeah, we’ll stick around for that employer-sponsored plan a little longer.

Me too. Plus I'm a single parent, I would rather die than have people think that I live on one cent from my ex husband. I work to set a good example for my kids, and because its a point of pride to me to live the lifestyle I've earned, not one that my trust allows me. I would struggle, seeing the balance go down. I prefer to provide for myself with the knowledge that I always have safety net, and will have perks like early retirement.

I admire your viewpoint. Since this is an anonymous forum, how much is in the trust?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m married to a trust funder. We both work, albeit relatively low-paying, low-stress jobs. My kids are going to inherit a lot of money one day—and they don’t have a clue—I don’t want them to be entitled layabouts, so we try to teach by example.

lol

I’m not sure why that’s funny. We both have full-time jobs, but we’re not killing ourselves with 60-hour work weeks because that would be ridiculous. Do you really think one needs a high-stress power job to demonstrate responsible adulthood? How sad.

You don’t see the irony? You both work easy low-pay “hobby” jobs—which is fine—more power to you! Enjoy your life! However, to say in the same breath that you don’t want your kids to be entitled layabouts is ironic. The extra bit about how you’re teaching them by example is especially rich. At first glance I thought you were trolling, but I think I think you might actually be for real. I guess the old adage is true, the rich truly live in a different world.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m married to a trust funder. We both work, albeit relatively low-paying, low-stress jobs. My kids are going to inherit a lot of money one day—and they don’t have a clue—I don’t want them to be entitled layabouts, so we try to teach by example.

lol

I’m not sure why that’s funny. We both have full-time jobs, but we’re not killing ourselves with 60-hour work weeks because that would be ridiculous. Do you really think one needs a high-stress power job to demonstrate responsible adulthood? How sad.

You don’t see the irony? You both work easy low-pay “hobby” jobs—which is fine—more power to you! Enjoy your life! However, to say in the same breath that you don’t want your kids to be entitled layabouts is ironic. The extra bit about how you’re teaching them by example is especially rich. At first glance I thought you were trolling, but I think I think you might actually be for real. I guess the old adage is true, the rich truly live in a different world.

I’m still a little baffled, to be honest. You said “hobby jobs,” not me. I truly don’t know why you have such a problem with the concept of a a “relatively low-paying, low-stress job.” I’m so curious as to what you envision that being that warrants your laughter. I have a boss, I work in a freaking cubicle—that makes me entitled and a bad example to my kids? If I had this same job, but no trust fund, would I still be a entitled layabout? (I’ll be sure to tell my coworkers.) What would you have us do, run ourselves ragged trying to make money that we don’t need, or do absolutely nothing at all? Would that be less funny?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Because I love what I do, because I love the people I work with, because I'd be a terrible SAHM, because it gives our family health insurance, because working full time helps me be a better parent.

Fraud Alert. If you're truly wealthy you wouldn't need to work to get health insurance.

Also, doctors that serve the wealthy a lot of the times don't even take insurance. They're also concierge doctors more often than not.

Speaking just for me, I have a concierge doctor and I still love my health insurance. I may pay out of pocket to see my physician (and honestly, it’s worth every penny, what a joy to have a doctor who makes house calls) but if I'm referred to a specialist my insurance picks it up. If I had to have surgery, my insurance covers it. It’s not binary.

[Anonymous]

Bravo, PP. it’s the funny thing about money- and why I only talk about it on an anonymous forum.

If you have money and are out slaying it making a killing you’re greedy entitled non humanitarian and likely benefitted from nepotism.

If you lay about all day you’re a loser with a trust fund.

Now a job in middle America is also wrong?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because it’s embarrassing not to have a job. It’s generally not socially accepted unless you are a SAHM or over sixty. People think you are lame and parties can be hard because you don’t have an answer to “so what do you do?”

I would have no problem answer "whatever I want."

Not PP, but honestly you would. It’s not like your friends are available to hang out with you during the day. They all work. If you don’t work you get a lot of weird looks while people try to figure out if you’re unemployed, lame or rich. You would enjoy it less than you think. Also if you start hanging out with other rich people you will find it’s a hyper competitive small place where people measure status in different ways, none of which are particularly interesting or important. Humans need work - or a really intensive hobby - or you will be both bored and boring. Personally I’ve always preferred to work so I can be more anonymous.

yikes. this isn't true.

A lot of trust funds kids don't work... well they do but not in the conventional sense that most Americans know of.

They hang out with

For example, check out Hannah Bronfman. Daughter of a billionaire. She works but not works if you get the gist. Her friends are in the seam realm as her.

Same can be said of Georgina Bloomberg. Daughter of billionaire as well. She rides horses but that's not really 'work' in the traditional sense. Plus, she is not doing it throughout the year.

You don't know as much you think you do.

I live in NYC and there is a cohort of trust fund millennials who don't work lol

I’m the first person to post here. I grew up in DC. We all work.

[Anonymous]

I work because the passive income from my trust is not enough to maintain our lifestyle, fund private school for the next twenty years (we have three kids under five), pay life insurance, travel, and still have the ability to leave something for the kids/support grandkids.

TIC, but in the words of Connor Roy and Tom Wambsgans: "Five's a nightmare. Five will drive you un poco loco, my fine feathered friend. The poorest rich person in America. The world's tallest dwarf. The weakest strong man at the circus."

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because it’s embarrassing not to have a job. It’s generally not socially accepted unless you are a SAHM or over sixty. People think you are lame and parties can be hard because you don’t have an answer to “so what do you do?”

I would have no problem answer "whatever I want."

Not PP, but honestly you would. It’s not like your friends are available to hang out with you during the day. They all work. If you don’t work you get a lot of weird looks while people try to figure out if you’re unemployed, lame or rich. You would enjoy it less than you think. Also if you start hanging out with other rich people you will find it’s a hyper competitive small place where people measure status in different ways, none of which are particularly interesting or important. Humans need work - or a really intensive hobby - or you will be both bored and boring. Personally I’ve always preferred to work so I can be more anonymous.

yikes. this isn't true.

A lot of trust funds kids don't work... well they do but not in the conventional sense that most Americans know of.

They hang out with

For example, check out Hannah Bronfman. Daughter of a billionaire. She works but not works if you get the gist. Her friends are in the seam realm as her.

Same can be said of Georgina Bloomberg. Daughter of billionaire as well. She rides horses but that's not really 'work' in the traditional sense. Plus, she is not doing it throughout the year.

You don't know as much you think you do.

I live in NYC and there is a cohort of trust fund millennials who don't work lol

I’m the first person to post here. I grew up in DC. We all work.

No offense... but you don't have the type of wealth or trust fund I'm thinking of. Whale money in NYC is FAR BIGGER than whale money in DC.

[Anonymous]

Anonymous wrote:I work because I get to do what I love -- which I couldn't do if I had to actually earn a living.

I imagine this is the answer for most people, and I'd like to think it would be my answer. Would love to be in that situation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because it’s embarrassing not to have a job. It’s generally not socially accepted unless you are a SAHM or over sixty. People think you are lame and parties can be hard because you don’t have an answer to “so what do you do?”

I would have no problem answer "whatever I want."

Not PP, but honestly you would. It’s not like your friends are available to hang out with you during the day. They all work. If you don’t work you get a lot of weird looks while people try to figure out if you’re unemployed, lame or rich. You would enjoy it less than you think. Also if you start hanging out with other rich people you will find it’s a hyper competitive small place where people measure status in different ways, none of which are particularly interesting or important. Humans need work - or a really intensive hobby - or you will be both bored and boring. Personally I’ve always preferred to work so I can be more anonymous.

yikes. this isn't true.

A lot of trust funds kids don't work... well they do but not in the conventional sense that most Americans know of.

They hang out with

For example, check out Hannah Bronfman. Daughter of a billionaire. She works but not works if you get the gist. Her friends are in the seam realm as her.

Same can be said of Georgina Bloomberg. Daughter of billionaire as well. She rides horses but that's not really 'work' in the traditional sense. Plus, she is not doing it throughout the year.

You don't know as much you think you do.

I live in NYC and there is a cohort of trust fund millennials who don't work lol

I’m the first person to post here. I grew up in DC. We all work.

No offense... but you don't have the type of wealth or trust fund I'm thinking of. Whale money in NYC is FAR BIGGER than whale money in DC.

No offense, but no one cares who you know in NYC. Do you have any info about your trust fund you can add, or are you just here to casually talk about rich whales you know in another city?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because it’s embarrassing not to have a job. It’s generally not socially accepted unless you are a SAHM or over sixty. People think you are lame and parties can be hard because you don’t have an answer to “so what do you do?”

I would have no problem answer "whatever I want."

Not PP, but honestly you would. It’s not like your friends are available to hang out with you during the day. They all work. If you don’t work you get a lot of weird looks while people try to figure out if you’re unemployed, lame or rich. You would enjoy it less than you think. Also if you start hanging out with other rich people you will find it’s a hyper competitive small place where people measure status in different ways, none of which are particularly interesting or important. Humans need work - or a really intensive hobby - or you will be both bored and boring. Personally I’ve always preferred to work so I can be more anonymous.

yikes. this isn't true.

A lot of trust funds kids don't work... well they do but not in the conventional sense that most Americans know of.

They hang out with

For example, check out Hannah Bronfman. Daughter of a billionaire. She works but not works if you get the gist. Her friends are in the seam realm as her.

Same can be said of Georgina Bloomberg. Daughter of billionaire as well. She rides horses but that's not really 'work' in the traditional sense. Plus, she is not doing it throughout the year.

You don't know as much you think you do.

I live in NYC and there is a cohort of trust fund millennials who don't work lol

I’m the first person to post here. I grew up in DC. We all work.

No offense... but you don't have the type of wealth or trust fund I'm thinking of. Whale money in NYC is FAR BIGGER than whale money in DC.

No offense, but no one cares who you know in NYC. Do you have any info about your trust fund you can add, or are you just here to casually talk about rich whales you know in another city?

who cares if you work? This entire thread is dumb!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m married to a trust funder. We both work, albeit relatively low-paying, low-stress jobs. My kids are going to inherit a lot of money one day—and they don’t have a clue—I don’t want them to be entitled layabouts, so we try to teach by example.

lol

I’m not sure why that’s funny. We both have full-time jobs, but we’re not killing ourselves with 60-hour work weeks because that would be ridiculous. Do you really think one needs a high-stress power job to demonstrate responsible adulthood? How sad.

DP - you are living a lifestyle that your working income can't support. Perhaps "entitled layabout" is too harsh, but it's pretty funny that you think that sets good example, or demonstrates responsible adulthood. Come on.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m married to a trust funder. We both work, albeit relatively low-paying, low-stress jobs. My kids are going to inherit a lot of money one day—and they don’t have a clue—I don’t want them to be entitled layabouts, so we try to teach by example.

lol

I’m not sure why that’s funny. We both have full-time jobs, but we’re not killing ourselves with 60-hour work weeks because that would be ridiculous. Do you really think one needs a high-stress power job to demonstrate responsible adulthood? How sad.

DP - you are living a lifestyle that your working income can't support. Perhaps "entitled layabout" is too harsh, but it's pretty funny that you think that sets good example, or demonstrates responsible adulthood. Come on.

Am I reading the same thread? What do you know about this persons lifestyle relative to their income?

[Anonymous]

Anonymous wrote:I’m married to a trust funder. We both work, albeit relatively low-paying, low-stress jobs. My kids are going to inherit a lot of money one day—and they don’t have a clue—I don’t want them to be entitled layabouts, so we try to teach by example.

How old are your kids? They'll figure it out sooner than you think.