how many of you got actual capital from your parents/family? Everyone I work with has inhereted ATLEAST 10k liquid assets. The only thing I've ever inherited was a 2003 Civic and one semester of community college.

>>60556509 (OP)
if not larp then youre poor and so is everyone you know. i am still working but all my old classmates received millions upon graduating and down payments on properties.

My parents did supply me a mortgage but I don't consider it that big of a deal it's 1 for 1 exactly the same terms I got from a bank, only difference is they collect the interest

>>60556509 (OP)
I (m, 58yo) got a car from my parents my sophomore year in college, so they wouldn't have to drive me back and forth every semester. They sent me a bill for it a week after I graduated. But they're not long for this world and in their latest will I'm getting 43.5% of their estate, including mineral rights in their oil fields and freeway frontage just outside of a major city. Between that and my own $4M I figure I'll be able to squeak by when I retire.

>>60556535
Damn bro. 58 Post body.

I inherited like 35k on 2021 that i managed to grow into the mid six figures territory but then literally got liquidated on the ftx crash, i was suicidal but started all over again and opened a small food business from scratch that got me again on the road to have starting capital to trade while Also having stable income from that business. So don't beat yourself at for not having inherited something because its possible to start from 0 as far as i'm concerned.

>>60556526
Which posh ass university did you graduate from, Mr Larp Fairy Tale? Princeton or something?

I'm a neet and live off my parents. So quite a lot. I'm gonna inherit 3 houses too. If you're parents are boomers and were not a bunch of degenerates, there's no excuse for them to have a decent amount of money

>>60556550
I grew up in a big city.

>>60556509 (OP)
>capital
all I expect is life insurance and that's it unfortunately

>>60556509 (OP)
i inherited debt

>>60556550
Where did you grow up? La, nyc, Vancouver, Toronto, any big city and youre going to have many classmates like that.

>>60556526
why would i larp about being poor

>>60556571
wait is this actually possible????

>>60556573
If you're in a big city private school type of surrounding, then yeah your larp is more believable. The big cities have class disparity like a motherfucker though. Either you're stupid rich or stupid poor.

>>60556579
Okay..you just answered yourself yet you’re accusing me making stuff up. And this was awhile ago, so those classmates and their families are a lot wealthier now. They lived in million dollar plus homes even 20 years ago and were really rich.

>>60556579
Do you think there is class disparity here on /biz/? Which group has more people?

My parents are great and all but my god were they absolutely fucking retarded and clueless when it comes to financials their entire lives and are now broke dirt poor and cannot help me at all, infact I’m the one giving them money to help them survive, money which should be going to my own investments for my own future, so their bad decisions are going to be harming me later down the line too

>>60556579
I wonder how people got wealthy before 2000. Economy is worse than it has ever been and by design and going to get worse.

my father died in 2024. just finishing up the probate process now. basically i'm inheriting a house and my brother is inheriting a house. I have to pay my brother whatever the difference in the house valuations are. so I'm inheriting an asset i'll probably never sell and have to pay my brother 200k.

>>60556634
>asset i'll probably never sell
So you're saying you're doing this to yourself?

The only thing I inherited was a broken motorcycle. When I turned the plates in it turned out that the unpaid taxes owed on it was greater than the bikes value. I actually lost money

>>60556509 (OP)
I’ll get 3 million when my parents die and a house worth $400000

>>60556579
Yeah I went to NYU on a full ride scholarship and I had classmates from the US, Europe, and China who barley gave a fuck about grades and would take international holidays in the middle of the semester and graduate with a 1.9 GPA and still get hooked up with high six figure jobs out the gate through nepotism.

Rich people are just from a different world.

>>60556610
My mom was a physical therapist and my dad was a nurse and they invested in ultra boomer shit like CDs and still wound up with $3 million.

>>60556780
Lez be honest, we are all too aggressive here. At least the guy with 2M in here, which im sure others are like. The rich dont like too much volatility for their assets. Maybe some parts but not all. This is why it is so hard to retire with just a few million.

>>60556509 (OP)
Lol I have to help my parents with money since I was 15. When I was 12 even I had to help sell shit. I wish I got inheritance sometimes

>>60556822
I'm relatively rich now and don't help them very much but just with little stuff

>>60556826
My dad refuses my help and sees that as inferior and beneath him.

>>60556844
Checked and lucky you, mine had a stroke. I'm stuck watching him at the house.

I know some actual poor people that have no dad's or dad's in prison so I'm happy I had one that made me learn how to scam people even if it was for his beer sometimes. But yeah I can't even imagine getting a random lump sum for no reason. I'd kill myself out of boredom. Now that I'm comfortably wealthy I feel like I earned the boredom. If I started with it I would always feel inadequate.

Also my wife's social circle is sort of mostly trust fund recipients. I don't know how to relate to any of them, most have no business acumen but yet are still slightly richer than me even while never doing anything or ever working. In a few years I'll flip them and I don't imagine most of them will sustain their generation wealth. Not sure if I'd give my younger family any money honestly. No kids yet but I'm pretty sure I'm gonna make mine work all day also.

Like I'll drop 300 dollars on a hoe and it's enough to make them feel special. I could never imagine dropping my son 7 figures. Are you trying to woo him? Boy needs to scam some yuppies the fuck is he getting 7 figures for

>>60556866
Make your kids become a surgeon or lawyer before they get inheritance

>>60556880
Pay for their debt? I don't think so.

>>60556509 (OP)
I've never had an immediate family member die, thankfully. My grandparents are all still around and get to spend time playing with my kids. I want this to last as long as possible because I love them all dearly, and I don't think any of them really have any assets anyway. Fine by me. I live in an extremely rural area where people worked hard their entire lives just to pay off the small houses or pieces of land they had. There are no real opportunities in my home town where I live, but fortunately I work remotely and make a salary that's unheard of around here. My job is extremely demanding and unstable though so I feel like any day I'm gonna have to pack it in and sell my house lol. Anyway, sorry for the blog post OP. I was in the same boat as you for most of my early 20s. I'm 29 now. Just get a skill of some sort and things will fall into place in ways you least expect. Also some advice that I wish I had taken myself: do not let your lifestyle creep as you earn more (see: having to sell my house if I get laid off). Don't buy a new car. Don't rack up credit card debt or fall for the debtmaxxing meme. I spent over a year paying off CC debt from 2021 because I thought "CRYPTO WILL JUST GO UP FOREVER BRO" and then I was left holding the bag with like 30k in CC debt. Unironically if all you have is a 2003 civic just follow dave ramsey until you get some padding. Good luck brother.

>>60556882
I'm double and tripling posting this thread too much so pardon me anons. I feel like if I paid off their debts they wouldn't appreciate anything. Surgeon and laywer were out of my price range as a kid cuz I knew damn well I didn't want to pay the colleges 400k for something I didn't wanna do. If you aren't making your kid help with your business, how else is he gonna learn? I make one of my youngest family help me choosing art for designs ever since she was 3. She's older now and has a discernly critical eye. It's shit she'd never learn in a college by someone who's actually done it. I'd be scared to them into the scam institution, especially when ai and Google can answer any of their questions for free.

>>60556894
There are many uses of a formal education, even if the most common use is to signal to employers you are able to do simple shit in a timely fashion.
Plus college is nice time to build connections and learn how to learn, or how people systematically attack problems.
Most graduates from good colleges out earn their peers at lesser institutions, plus may open doors that are closed like consulting finance or medicine and law.

And there is no reason why they cant continue to build those skills at home with the business prior to going off to college.

>>60556902
None of the billionaires Ive met personally ever finished high school. I guess if my kids end up dump as fuck I'd let them go into a scam freemason college for them to hopefully find a wife, but they're paying like 170k for unreliable job prospection when they could figure out a way to make that much while never entering into debt. Seems like a bad condition to put them in. What if I died and the estate was robbed and now they're in 300k debt for medical school they hate? I've seen similar happen.

>>60556913
none of the homeless people i met went to ivy league schools.
none of the strippers i met completed high school.
State school education is not 170k.
Its your kids life to fuck up, i will pay for my kids schools as long as they are good schools they get into, if not they can go to community college.

>>60556924
Most of the strippers I know had rich parents actually, at least in high income areas. One of my friends with a trust fund as a kid died of an overdose at 19 because some hustlers wanted a check.

There's some people who turned a few mil from their family into multiple billions like thiel, but the majority of the trust fund kids I met cap at earning 150k a year, will never try more than that, and within 2 generations a drug dealer is going to hook and overdose them for a 1/100th of their savings. Or a romance scammer is going to 100-0 them. Money is too inherently powerful. I feel as if giving your children alot of money for no reason is going to do them more harm than good. It's a struggle to have to maintain wealth you didn't earn.

>>60556509 (OP)
Literally nothing. No house, car or a single cent. My mom had nothing.

my parents have multiple businesses, multiple rental properties, all clawed from the earth of a starting point of minimum wagie jobs

they've burnt it all to the ground out of spite for eachother and all i inherited and probably will ever inherit at this point is the brain tumor i've apparently had since i was a kid but only got diagnosed in my late 30s because nobody could be fucked to point a camera at me to find out why i was sick all the time

i either make it on crypto or die in a gutter

>>60556976
I’m genuinely sorry about your tumor dude. For what it’s worth I’ll be praying for you.

>>60556932
This is exactly what happens in the UK, lots of people from wealthy families might go to great universities or get £100k jobs but far fewer have the raw intelligence, patience, ambition, planning ability etc required to significantly grow or even maintain it long term.

>>60557123
this happens everywhere and has happened in the past and will happen in the future
why do you think you only know a few family names like rockefeller, rothschild etc?
Because nearly no one manages to keep money in their family for generations or even millenia.

Nearly no one except a few we all know.

To do that you need your children to marry inward (marry other rich people) and preferably marry your own family so the money stays within (marry distant cousins or cousins etc).
Staying rich forever is a tough game.
This is why most royalty etc have to be careful with inbreeding etc.

>>60556509 (OP)
I will inherit my parents house one day. I might be worth over a million by that point not that it would matter because I would probably be in my 60's or even 70's at this point.

>>60558040
You can always decline the inheritance if being a millionaire in your 60's or 70's bothers you that much.

>>60556509 (OP)
>Everyone I work with has inhereted ATLEAST 10k liquid assets

Like holy shit $10k is like some poorfag normie dropping dead and only having a checking account with enough expenses for a couple months lmao.

>>60556526
Right, if *imagining* your parents dropping dead and getting $10k MINIMUM is some incredible dream wtf is wrong with you. A normie old boomer with their shit together than worked a bozo middle class job making $40k-$100k a year 40 years ago adjusted for inflation and saving and investing that shit for decades has a $500k-$2mm home paid off and $500k-$5MM in a 401k.

That's not even rich, that's just someone with middle class earning ability with basic "I should invest this in an index fund, new cars are a bad idea" mentality.

>>60557085
I appreciate it. I hope life goes well for you.

My parents being financial illiterates has fucked our family out of a comfy upper-middle class lifestyle. It's honestly insane how different things could be if they were just the slightest bit more diligent and responsible. They managed not to buy any property when it was affordable, still managed to fuck up their credit, and never saved at all so couldn't take advantage of bull runs. I ended up doing okay for myself and we're still in a decent spot but it's hard not to feel a little bitter. My dad left us with nothing. My mom still works and I manage her finances so now she's built up SOME retirement savings now at least.

>>60556509 (OP)
I inherited an entire business with brick and mortar store.
I worked there my whole life, literally since 8 years old, built the website back in they day, did all the marketing, did every shit job, eschewed making WAY WAY more money for 15 years to work for the family business that I knew I wanted to run.
I have literally skipped a million dollars EASY on the low end in what I could have made elsewhere.

It's worth it overall, but I will NEVER get any credit for anything the business does, no matter what.
So it's a mixed bag, I guess I don't care, but even if I 100x this thing and have 50 million bucks everyone will just assume I inherited everything and did nothing and took no risks by eschewing other careers and all that.

A middle ground would have been better possibly.
Inherited probably 2 million but 3/4 in PPE that would liquidate for 1 million if I actually wanted out.