Reply to How many 55yo that you know in DMV have $3M+ NW?

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Reply to "How many 55yo that you know in DMV have $3M+ NW?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I feel like the real question is what percentage of these people got here actually on their own.  [b]Meaning their parents or other family member didn't pay for their college[/b], didn't give annual gifts, didn't buy them a car, didn't inherit.  I bet it is just a handful.  [/quote]

You want to see people whose parents weren't able to contribute a single cent to them post-18? At this point, just ask for people who were grew up in an orphanage.[/quote]
Immigrants. I had to send money home while working here illegally from age 18-30. From 30-42 I finally finished college (took me 17 years), had two kids, and bought 2 properties, one here, one abroad, which didn't go up much. 
Sold the properties at 42, put the money into market and retired.
I remember having extra $400-$500 left over every month at 18 working low wage service job. I had nowhere to put the money because I wasn't allowed to bank in US and stock market wasn't available in the old county. I also couldn't go to school or buy a home. Such a waste of time. I remember 1-bedrooms being $70k in Adams Morgan. My sister and I would have paid that off in 5 years right as it went up to $300k.
Had I known anything about stock market, I would have skipped real estate at 30. I didn't buy at the top, but stock market would have been a better place for my money.
I always wondered why Americans didn't invest in stock market.

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