Anonymous wrote:This may be weird, but I am fairly young <35 and my wife and I do quite well (500k + income and healthy savings/ investment accounts over 1m). While we did have our colleges paid for, we’ve received no family help/inheritance/gifts (outside of small graduation, wedding, etc).
We are in the process of buying a 1.5-1.7M home. We know we can afford it but we have this feeling like people will judge us for doing it. We are embarrassed to tell people we moved, our address, etc.
The home is not earth shattering, it’s in a nice neighborhood in Bethesda, and about 3k square feet. We both work downtown and have two little kids so this is what worked for our family in terms of location and size.
Do other people ever feel embarrassed about their successes? At our age, our parents couldn’t even fathom the life we live. They are so proud of us but I don’t ever want them to think differently of us for our financial decisions. Same goes with friends, friends parents, etc.
Am i insane or is this normal?
Interesting how you gloss over colleges being paid for. Did you get full scholarships? If not, then you had enormous family help that you seem to minimize. It's hugely advantageous that both of your colleges were paid for by your family.
Having said that, in the DC area, it is not uncommon for families to have paid for their kids' colleges. But I think it is healthy for you to acknowledge your parents' role in helping you get there.
We can't quite afford this yet, but my wife and I both came from lower middle class backgrounds, and we paid for our own colleges. I earned a full academic scholarship and joining ROTC. We paid for my law school ourselves, and now I am a federal attorney. My wife used student loans, and we paid them off after we got married.
We would be in your position had we not had to spend those early years paying hundreds of thousands of dollars on education instead of investing it.