Reply to It’s extremely hard to raise kids in a nice neighborhood without generational wealth

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[quote=Anonymous]My spouse and I are both children of immigrants who came here with nothing in their pockets. There were times when our parents didn't work and we lived frugally. We went to public schools with gangs and pregnant kids in middle school. But we both went to college and law school, took out loans, studied our butts off, and took grueling jobs at law firms before going to public service. We bought a fixer upper in Bethesda and had kids and there were months when we were didn't save anything between mortgage, student loans, daycare, fixing a car etc. Finally loans get paid off slowly, no more daycare, and we sold and bought a mcmansion. Looking back, I agree it was very hard to get here and one bad decision or misfortune along the way could have prevented all of this. It is ABSOLUTELY easier to reach this outcome if you grew up wealthy - from nice low poverty schools, fancy expensive summer camps, tutors, lessons, and soccer coaches, to networking for internships, and parental help on weddings and down payments and college help (basically everything we are now doing or will do in the future for our kids). I haven't even mentioned systemic discrimination in society!

All that said I know plenty of folks with the same story and they don't live in Bethesda-type neighborhoods and they are lovely and doing fine financially. We chose to participate in this rat race but it's not for everyone and that's totally fine too. I sense some folks feel this specific lifestyle is a right. In reality, it took a perfect storm of luck and an exhausting amount of 'grind' that many people (rightly) choose to skip in favor of balance. It's okay to admit that this level of success isn't just handed out—but it isn't the only way to live well, either.[/quote]

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