Reply to Does your social circle have a lot of family money/trust funds?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s an anonymous forum after all. Isn’t this the place to ask questions like this. I told the attitude from a lot of people with trust funds and family money is it’s crass to talk about it but again, it’s an anonymous forum. What does it really matter. Seems like a good place to be honest. [/quote]

NP 
I have never heard this from someone directly but there are many people who had a neighbor/friend/relative tell me that person had a trust fund. I wonder if they know EVERYONE knows because one or their friends is a big mouth. It's also possible that it's not even the case and just assumed gossip.[/quote]

I think it’s just obvious in some cases. 3 kids in private school, second home,  husband is a civil engineer and they live in a 3m house and drive an escalade/bmw. You need a very large salary to carry this lifestyle. We have a $500k family income and live a fairly normal life with kids in public school, just happens to be a great neighborhood but totally normal house that would be $400k anywhere else. [/quote]

None of this says trust fund to me.  It says high income for a long time plus some inheritance.  Engineers can do well.  If you said all this plus “artist” then I would say maybe.   [/quote]

If it's your friends, you likely know their job(s) and what the corresponding income would likely be.  Most engineers are not doing the above unless they benefited from stock options with a smaller company somewhere along the way.  Engineers might be making $250-300K but that is not enough for a $3M home, second home and private school and expensive new cars.  They had a money influx somewhere to support that---it might be stock options it might be family money. But it's not likely coming from salary [/quote]

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