Reply to Do you downplay your wealth? A social discussion NOT a money discussion...

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We have no debt, zip, zilch, zero.  I am a fed and my parents gifted me a large down payment, which I used to buy a house in PG outright.  I still drive my car from college but we bought our newer car with cash.  It is easy to accumulate money without a mortgage and a lot of my friends with fancier jobs see that I am frugal and think I am poorer than them.  Recently my child was sick and my friend asked if I needed money.  I told her insurance covered everything and I am fine, but it was nice of her to offer.[/quote]

Why do you need your parents to give you money?[/quote]

Wanted to add: you are debt free because your parents float you. So you can sit down and shut up.[/quote]

Sheesh why the hostility?  What other people do with their money is not really something for you to get upset about.  Some people buy fancy cars and handbags but my parents used their savings to help me buy  my home.  Judging from the prices in this area the money I was gifted was a pretty typical amount and many, many families are supporting their children this way.  I also arranged my life so that I had no debt after law school which is not an easy feat, and I had no help with that other than scholarships.  I could easily afford a home in Bethesda or whatever with my income and I chose a more modest area, and I think it was a good choice.  But now people actually think I am struggling.  You should be happy I didn't contribute to the crazy inflated prices in this area.[/quote]

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