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Reply to "New Money Diary in DC - $248k/year"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]They have no interest in saving and investing themselves.They spend most of their money and what they get from the parents. I learned nothing unfortunately. I love money stories when I can learn or use something. [/quote] What are you talking about? They have hundreds of thousands saved in 401k and a large inheritance coming. She decided she wants a low stress life with an only child. [/quote] A low-stress life generally means someone who doesn’t want responsibility and prefers to be selfish and self-indulgent. I have a problem with kids who don’t want to grow up. She’s able to do this because her parents continue to help her, which is just a privilege. Too bad she didn’t earn her leisure. [/quote] Too bad for whom?[/quote] Ultimately, for her. In the article, she declares that she isn’t financially independent, before mentioning all the ways she has received and continues to receive family financial help. Will she always think about her success as a privilege received instead of a earned? When she receives her inheritance, will she know enough about finances to invest and spend it wisely for the long term? There’s the old saying that a fool and his money is soon parted? Not saying she’s a fool, but if someone repeatedly receives largesse, has not experienced the work it takes to generate a large nest egg, and has lived a life of indulgence all adulthood, in the future, reality might bite. [/quote]
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