Reply to Do you know a lot of people with family money in NW DC?

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[quote=Anonymous]I have multiple friends in this situation. Some very close friends so I will tell you how they do it.

Friend #1, 2 and 3: Worked for an IT company in the 90's, cashed out, huge amounts of money in the bank, self made. All currently have jobs that can't afford their lifestyle but spend a ton of time with their kids.  (nobody is  a SAHM though) 1 & 2 have Mil $homes, private school and 2nd home but otherwise are normal. #3 is so rich I can't even imagine, they do so much charity work it is insane, they have boats, and houses and cars and they pay for private plus sponsor 4 kids a year on scholarship and mentor them. So 1 a year and carry then through all 4 year so of HS.

Friend #4, trust fund, she gets $4000/month from that trust fund. H govt. job, she "is on the board" for the foundation which give her a "salary", plus works for a mortgage company.

Friend #5: inherited father's company, hired others to run it, you would wonder what he does for a living if you don't know him. But... he lives in the same house for years that probably cost $200K 20 years ago (when he was 25), it is now worth $800K, won't move because he is too down to earth. Takes amazing vacations. Gives tons of money to charity.

Friend #6: Grandmother bought buildings in DC in Adam's Morgan area in the 50's. They rent them. Just sitting on them and waiting to cash out. Has normal job but gets a boatload of money on the rentals.

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