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Reply to "adults who live off their parents' money secretly annoy me (and i don't understand them)"
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[quote=Anonymous]NP here. I grew up very well off, but a lot of it was show (not that I realized in my early years). Since I was 21 all of our money has been self made and we have been extremely fortunate. I think what bothers successful people is when you think about how if you came from the kind of wealth other people are squandering you could have truly created substantial multi generational wealth. I'll likely have a net worth well in excess of $10M by the time I turn 40 and all of it is self made (not even a loan from family in there). However, if I my parents had given me what some of my friends parents had given them, I could have easily had $25-$50M by 40 and ironically taken less risk. If all continues to go well, I will have a very nice fortune amassed. We should be able to retire doing everything we want and without any financial worries (hopefully), but there is a difference between tens of millions and hundreds of millions. The latter is practically forever wealth (in can survive one or two generations of idiots heirs and still be intact). The former requires another generation to truly grow it the same point.[/quote]
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