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Reply to "How many 55yo that you know in DMV have $3M+ NW?"
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[quote=Anonymous][quote=Anonymous]I feel like the real question is what percentage of these people got here actually on their own. Meaning their parents or other family member didn't pay for their college, didn't give annual gifts, didn't buy them a car, didn't inherit. I bet it is just a handful. [/quote] My parents paid for college but I paid 100% of graduate school through loans and scholarships. I got an MBA from a top school and went into consulting after school. I earn 7 figures but also work pretty long hours and travel several times a month. It's not a life everyone wants although I do have decent flexibility at this point. At this point I am more comfortable spending money, but it wasn't until I had saved a LOT that I was willing to do that. Obviously I fully paid for college, grad school and a wedding for my kids.[/quote]
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