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

[Anonymous]

This thread is hilarious fiction.

[Anonymous]

Anonymous wrote:Freelance producer
Artist
Working at nonprofits

Do you mean to suggest these occupations don't have value? Why the disdain?

[Anonymous]

Stay at home mom

[Anonymous]

Anonymous wrote:Venture capital (not necessarily good returns)

Quite true. Often family endowment, etc.

[Anonymous]

Anonymous wrote:Trust fund yoga teacher/SAHM.
Other trust fund friends- one studied art history at a prestigious school and went into fine jewelry.
Another studied interior design and married super rich- jets around in private plane with household staff and nannies.

Several guys with trusts- all have a biglaw or finance position with SAHM wives.
Siblings with trusts also have a SAHP - one married rich one married poor- it doesn’t matter thanks to trusts.

Wow what idiots. All their money should be taken away and given to someone who would use and enjoy it.

[Anonymous]

So people with money shouldn’t do hard work? Seems like we women routinely get slammed on here when we don’t work because we have plenty of money. Another double standard.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Freelance producer
Artist
Working at nonprofits

Do you mean to suggest these occupations don't have value? Why the disdain?

NP - I think what PP means is that these occupations don't tend to be very lucrative, and so either you live on very little or you have money from another source.

Journalism is another of those professions where it helps to have family money. I know this, having worked as a journalist without family money.

[Anonymous]

Anonymous wrote:So people with money shouldn’t do hard work? Seems like we women routinely get slammed on here when we don’t work because we have plenty of money. Another double standard.

?

I haven't seen anyone on here being prescriptive - saying you should or shouldn't work - just descriptive. In other words, these are professions that people who don't *need* to earn money are free to do. They are jobs that feel meaningful and are enjoyable, as opposed to jobs that simply give you enough of a salary to support your family. Glamour jobs, in other words - working in film, being a writer (that's what I do, even though I don't have family money to rely on), etc. Basically any job you hear about that sounds really flexible and fun and personally fulfilling, will tend to pay little - so if you meet someone who has one of those jobs, and also lives in a very nice house and takes expensive vacations, you can guess that someone else is paying their bills.

[Anonymous]

Non-profit work
horticulturalist
art historian
"family business" of "managing real estate"
"builder"/"architect"

[Anonymous]

Anonymous wrote:

Anonymous wrote:So people with money shouldn’t do hard work? Seems like we women routinely get slammed on here when we don’t work because we have plenty of money. Another double standard.

?

I haven't seen anyone on here being prescriptive - saying you should or shouldn't work - just descriptive. In other words, these are professions that people who don't *need* to earn money are free to do. They are jobs that feel meaningful and are enjoyable, as opposed to jobs that simply give you enough of a salary to support your family. Glamour jobs, in other words - working in film, being a writer (that's what I do, even though I don't have family money to rely on), etc. Basically any job you hear about that sounds really flexible and fun and personally fulfilling, will tend to pay little - so if you meet someone who has one of those jobs, and also lives in a very nice house and takes expensive vacations, you can guess that someone else is paying their bills.

I understand that. I was replying to the poster who called a Biglaw Trusty an idiot. It was stated that choosing education and a hard profession should mean that those people have their money "taken away" and given to someone who would use it. Yet, if people "use it" and enjoy their money others call them lazy or entitled. Its another can't win situation, which is why in real life no one knows I have a trust fund. So much judgment about how others should live.

[Anonymous]

I’ve spent 20 years in the non-profit world and I don’t know anyone with whom I’ve worked that has a trust fund. I’m fact more of my colleagues come from backgrounds like mine where we grew up struggling and found our way out of generational poverty with help from others, and are now trying to pay it forward.

I’m sure trust fund babies exist in nonprofits but it’s come up before here as if everyone choosing to work in a lower paying field must come from money.

[Anonymous]

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

That would be me

[Anonymous]

These people:

http://www.nytimes.com/2012/10/28/realestate/the-hunt-room-for-children-dog-and-trumpet.html

[Anonymous]

Bar Method/SolidCore/Soul Cycle instructor living in over a million dollar house with a similarly underemployed spouse

[Anonymous]

I know several, and honestly, as much as it pains me to admit the split, it depends on if they are male or female and also their ages.

If they are above age 25:

All of the males I know who come from wealthy families are either in the family business, doctors, or lawyers.

All of the females I know who come from wealthy families are either SAHMs or fulltime volunteers. One is the exception and owns a few fitness studios (hot yoga, barre), but she doesn't actually run them or work at them.

If they are under age 25:

Males - usually in a graduate program of some sort and still very much living like in college with lots of partying and relying solely on mom & dad's money.

Females - travel nonstop until they find a suitable husband.

My husband comes from money. Of his 2 other brothers, one is a lawyer and the oldest went into the family business. Both of his sisters are SAHMs even though both went to Ivies and one even went to an Ivy for law school. My husband is the black sheep and went into public service. Until my one SIL settled down, she pretty much just traveled the world and wrote about it on her blog that maybe 50 people read.