Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because I love what I do, because I love the people I work with, because I'd be a terrible SAHM, because it gives our family health insurance, because working full time helps me be a better parent.

Fraud Alert. If you're truly wealthy you wouldn't need to work to get health insurance.

Also, doctors that serve the wealthy a lot of the times don't even take insurance. They're also concierge doctors more often than not.

DP. Depends on what you define as truly wealthy. My DH is comfortably a 1%er with a trust fund, but health insurance definitely factors in to our decisions to keep working. The cost of insurance for a family on the open market is insane. Throw in a cancer diagnosis, a few other random middle-aged health scares, and the prospect of many more decades of declining health, and yeah, we’ll stick around for that employer-sponsored plan a little longer.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because I love what I do, because I love the people I work with, because I'd be a terrible SAHM, because it gives our family health insurance, because working full time helps me be a better parent.

Fraud Alert. If you're truly wealthy you wouldn't need to work to get health insurance.

Also, doctors that serve the wealthy a lot of the times don't even take insurance. They're also concierge doctors more often than not.

DP. Depends on what you define as truly wealthy. My DH is comfortably a 1%er with a trust fund, but health insurance definitely factors in to our decisions to keep working. The cost of insurance for a family on the open market is insane. Throw in a cancer diagnosis, a few other random middle-aged health scares, and the prospect of many more decades of declining health, and yeah, we’ll stick around for that employer-sponsored plan a little longer.

100%. I have no idea why I occasionally go through bouts of earnestly trying to explain this stuff to people on the internet, but the whole concept of a trust is that you don’t spend the principal balance. You take the income off the principal and live on that so cases - like medical bills - that require large outlays, will lower your future income. I have a trust income of around $350k - depending on the market and I also keep my job partly for health insurance. I’m not sure why this poster is getting heckled for this. It’s just math.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because I love what I do, because I love the people I work with, because I'd be a terrible SAHM, because it gives our family health insurance, because working full time helps me be a better parent.

Fraud Alert. If you're truly wealthy you wouldn't need to work to get health insurance.

Also, doctors that serve the wealthy a lot of the times don't even take insurance. They're also concierge doctors more often than not.

DP. Depends on what you define as truly wealthy. My DH is comfortably a 1%er with a trust fund, but health insurance definitely factors in to our decisions to keep working. The cost of insurance for a family on the open market is insane. Throw in a cancer diagnosis, a few other random middle-aged health scares, and the prospect of many more decades of declining health, and yeah, we’ll stick around for that employer-sponsored plan a little longer.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because it’s embarrassing not to have a job. It’s generally not socially accepted unless you are a SAHM or over sixty. People think you are lame and parties can be hard because you don’t have an answer to “so what do you do?”

I would have no problem answer "whatever I want."

Not PP, but honestly you would. It’s not like your friends are available to hang out with you during the day. They all work. If you don’t work you get a lot of weird looks while people try to figure out if you’re unemployed, lame or rich. You would enjoy it less than you think. Also if you start hanging out with other rich people you will find it’s a hyper competitive small place where people measure status in different ways, none of which are particularly interesting or important. Humans need work - or a really intensive hobby - or you will be both bored and boring. Personally I’ve always preferred to work so I can be more anonymous.

yikes. this isn't true.

A lot of trust funds kids don't work... well they do but not in the conventional sense that most Americans know of.

They hang out with

For example, check out Hannah Bronfman. Daughter of a billionaire. She works but not works if you get the gist. Her friends are in the seam realm as her.

Same can be said of Georgina Bloomberg. Daughter of billionaire as well. She rides horses but that's not really 'work' in the traditional sense. Plus, she is not doing it throughout the year.

You don't know as much you think you do.

I live in NYC and there is a cohort of trust fund millennials who don't work lol

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m married to a trust funder. We both work, albeit relatively low-paying, low-stress jobs. My kids are going to inherit a lot of money one day—and they don’t have a clue—I don’t want them to be entitled layabouts, so we try to teach by example.

lol

I’m not sure why that’s funny. We both have full-time jobs, but we’re not killing ourselves with 60-hour work weeks because that would be ridiculous. Do you really think one needs a high-stress power job to demonstrate responsible adulthood? How sad.

Anonymous wrote:

Anonymous wrote:I’m married to a trust funder. We both work, albeit relatively low-paying, low-stress jobs. My kids are going to inherit a lot of money one day—and they don’t have a clue—I don’t want them to be entitled layabouts, so we try to teach by example.

lol

Anonymous wrote:

Anonymous wrote:Because I love what I do, because I love the people I work with, because I'd be a terrible SAHM, because it gives our family health insurance, because working full time helps me be a better parent.

Fraud Alert. If you're truly wealthy you wouldn't need to work to get health insurance.

Also, doctors that serve the wealthy a lot of the times don't even take insurance. They're also concierge doctors more often than not.

Anonymous wrote:I’m married to a trust funder. We both work, albeit relatively low-paying, low-stress jobs. My kids are going to inherit a lot of money one day—and they don’t have a clue—I don’t want them to be entitled layabouts, so we try to teach by example.

Anonymous wrote:Because I love what I do, because I love the people I work with, because I'd be a terrible SAHM, because it gives our family health insurance, because working full time helps me be a better parent.

Anonymous wrote:

Anonymous wrote:Let’s stay on topic. Being a trust fund kid means getting access to $$ at a young age, generally 21 and under. If you inherit $$ in your 30s or 40s, you were clearly never a trust fund KiD 🤨

So the OP is asking only kids 21 and under why they still work? Don’t think so.

And any parents who give their kids access to a trust that young are complete idiots.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because it’s embarrassing not to have a job. It’s generally not socially accepted unless you are a SAHM or over sixty. People think you are lame and parties can be hard because you don’t have an answer to “so what do you do?”

I would have no problem answer "whatever I want."

Not PP, but honestly you would. It’s not like your friends are available to hang out with you during the day. They all work. If you don’t work you get a lot of weird looks while people try to figure out if you’re unemployed, lame or rich. You would enjoy it less than you think. Also if you start hanging out with other rich people you will find it’s a hyper competitive small place where people measure status in different ways, none of which are particularly interesting or important. Humans need work - or a really intensive hobby - or you will be both bored and boring. Personally I’ve always preferred to work so I can be more anonymous.