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Reply to "Do you have a trust fund?"
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[quote=Anonymous][quote=Anonymous]NP here. I am also finding this thread very funny - the final taboo! I grew up in an area where a lot of people have trust funds. Of course no one talks about their own, only estimating others! I just love how everyone who has one stresses that its existence does not preclude working or having to manage money. But having things grad school paid for and a down payment are big, big things for most of us. Of course the rich get richer. I'm sure there are a lot out there who might be embarrassed at the exposure of a trust fund, since the perception might be that it negates the "self made" image. [/quote] I agree that it's just as great a gift to have gone through college and grad school with no student debt. But that and then later coming into a considerable amount of money in your 40s or 50s (or whenever) does not preclude having to manage money in many/most cases. In fact, I spend more time on that now than I did when we had a comfortable upper-middle class net worth ... unless you're willing to "set & forget," which I can't afford to do even as fortunate as I am now, it takes more time to manage more money. There may be less stress in many ways but there are more things to stay current on. Yes, first world problem, but still a necessity. :idea: [/quote]
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