Reply to Anyone here grow up wealthy or well off but have not surpassed parents/grandparents/GG Parents wealth or earnings?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m a millennial with Baby Boomer parents. You could say I grew up well off/wealthy, but not super wealthy. One parent came from generational wealth, while the other grew up poor, but had a mixed bag in terms of their extended family (for instance, one parent had a well off uncle and some extended family that was successful/comfirtable).

I have never earned as much money as my dad. He’s the one who comes from generational wealth and through continued hard work earns millions a year. My mom had a more normal job. Although my parents never made me feel bad, and I’m highly successful by most standards, I don’t feel as successful for that reason.

Has anyone else grown up well off but not quite surpassed building greater generational wealth than what was built for you. [/quote]

Speaking as someone who is building generational wealth for her children, DH and I don’t expect our kids to outearn us. Our hope is that our money will give our kids the opportunity to pursue careers that fulfill them or allow them to spend more time with their families. We are also instilling in them our family values, which include hard work, financial responsibility/prudence and investment in the community/charity. [/quote]

This ^^^^

Our kids are expected to have careers.  But they know $$$ is there if they choose a meaningful "not as high paying path" so they can have a quality of life.  Extra for a home down payment, so they can live closer to work, so higher quality of life when you don't have a 45 min commute each way and are still in excellent school district (or have private schools paid for by us).  They continue to do charity work (in their 20s) and invest in their communities.  But they also work hard at their careers and don't take any of it for granted.

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