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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Think of your family -- your children and grandchildren, and the sacrifices your parents and grandparents made to get you where you are.  What some would call "privilege" (such a silly term) is most often the result of previous generations of a family thinking about future generations of the family.  I spend  over $70k per year on private schools for my two children, max out my investments, but drive an old Toyota.  I'd prefer to leave more for my children and grandchildren (and to teach them to do the same, as my father taught me) than to impress you with a Jaguar or Rolex.  [/quote]

Well let me see. My parents did make a good life for me but there was/is no wealth to pass on because their parents who worked hard and did their best did not inherit any wealth because their parents were sharecroppers who didn't inherit any wealth because their parents were slaves and their parents were slaves and their parents were slaves....

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The whole narrative of this thread is innately classist/racist. Thank you for pointing this out.

In that vein, my great-grandparents were immigrant factory workers, my grandparents made nice middle-class lives (teachers, secretaries), and my parents and their siblings were the first generation to earn advanced degrees. Enough to make a nice income, but no inherited wealth. It does make a difference. [/quote]

Yes, but now you will leave something to your kids, and then they leave more to their kids, etc., as opposed to spending it on a Jaguar or  Rolex to impress the neighbors, etc.  That is how wealth is built, over generations.  Sure, some do it in a single generation -- Jobs, Bezos, Carnegie before them -- but for most it is based on sacrificing for yourself to benefit (and teach) future generations of your family.  Then you'll just have to ignore some pitiable fool who calls the result of your multi-generational saving and sacrifice "privilege".  
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What the heck do you think "privilege" actually is?  It's getting something better than other people for reasons other than your own merit/hard work/etc.  Are you claiming that kids somehow "earn" or "deserve" or get to pick having richer or poorer parents when they're born?  If not, that's the very definition of privilege.  Some people start out with less advantages and resources than others through no fault of their own, others start out with more through no merit of their own.  [/quote]

My friend, are you rich?  Apparently not.  This thread was for secrets of rich people.  And I'm telling you one --- think of yourself as part of a family, not as an individual.  Wealth built up by a family does not confer a "privilege", but instead an obligation, on those born into it.

Oh, and by the way, the 1970s called, asking how you're enjoying your narcissistic individualism, no hassle divorce and fatherless families.  [/quote]

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