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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Why does it matter[/quote]

Because it provides an excuse for people who don't have what they want.  It's not their fault they didn't save, invest, and make good life and financial decisions so they could afford to buy instead of rent.  Anyone who bought benefitted, somehow unfairly, from "generational wealth", and it's so unfair and not my fault, wah!  [/quote]

Many do complain and don't want to put in the work.  We are wealthy, had no family help and had massive student loans.  But we had good majors with good jobs and we lived on less than one salary for several years to put the rest to loans, saving for down payment and saving for retirement.  We lived nicely but still "well below our means" until our kids were teens and college was fully funded, retirement on the horizon and we could truly afford to spend more.  We still had more than 90% of people have, so we figured why not set ourselves up well for the future.  
But we still are "frugal" and cost conscious even though we technically don't need to be.  We think about whether something is "worth it or not".  For ex: for a 2-3 hour flight, if economy plus is $400 and business is more than another $400, we are flying economy plus.  Sure we can afford $1200 (times 2) but it's a waste for a daytime 2 hour flight.  I'll use that extra 800/person for a few massages at the other end.

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