/biz/ - Business & Finance

>>28326740
what constitutes a family in relation to this graph?

>>28326856
I'm not sure, the image is from wikipedia, source is https://apps.urban.org/features/wealth-inequality-charts/

>>28326740
Cuz filthy commies stole their land

>>28326740
They die, kids sell away any property and waste it. Some parents just end up donating it all to charity. The usual justification is that their kids need to earn their way. I hate the boomer mentality.

>>28326740
Obviously this includes all ages. Young families in their 20s and 30s will have a lot less.

But if your parents make it to their 60s and are not millionaires (including 401k value and the equity of their hopefully paid off house) then they are quite honestly complete failures in life.

>>28326740
Baby boomers are the most selfish generation to exist. They got given everything. I got zero inheritance from all my dead grandparents. All the money conveniently disappeared. I don't care, I've told my parents I don't want anything from them after they die. I'll make my own money.

>>28326740
The systems in place failed catastrophically.

>>28327350
Nursing homes take all of most peoples inheritance. That’s why I smoke and drink. I’d rather die early than rot in one of those shit holes as they suck every last penny from my corpse.

Why do boomers buy so many trinkets? There's just so much shit (ceramics/craft wood/antiques) that they keep in storage and pull out once every 20 years
Other generations don't seem to hoard nearly as much useless junk

families in the 20th century bought into the idea that popping out more kids was the key to happiness. this resulted in a lot of middle class families that were cash strapped and had few assets aside from their house. feeding and rearing crotch spawns for 18 years a piece isn't really a commitment that allows for shrewd moneymaking

>>28326740

I built my own.

https://stocktwits.com/symbol/CLF

>>28327602
Agreed. I will off myself before I go to a nursing home.

My dad had a really really nice property in the center of a big city but he sold it for 1 mil cuz he had always planned to do that for his retirement, and it was a headache. Of course I don't blame him, it's his property and his retirement, but I do think it is a little bit of a shame.

>>28326740
because they aren't jewish

>>28326740
bad with money, so was my boomer grandpa. He owned one house in Brooklyn (left to a schizo cousin who has it taken by the gov for not paying taxes) But honestly the man should have owned a block in Brooklyn. Oh well.

>>28327821
I'm sure his parents fucked him over even worse. That's the mentality

>>28327687
reproduction is the basis of biology, and the 20th century had the lowest rates of children per couple of any time period in history save for the 21th century

>>28327104
Know that feel bro

My moms side of the family had a generational curse of being single moms with deadbeat dads and my dad is just another one of those deadbeats that keep the cycle going. I grew up poor and my parents couldn't teach any skills of any sort because they had none themselves. Can't build generational wealth when each generation are single parent wagies

>>28326740
Can we do this chart by race and religion?

>>28327884
I don't hold grudges against my family anon

>>28327104
/thread

>>28327602
this
assisted suicide should always be an option, to restrict ones right to choose whether they want to live or not is truly inhumane.

>>28329183
you may not hold grudges, but your family's attitudes toward you and your well being iare inevitably going to trickle into your life as a family man. some manage it better than others. my father put out cigarettes on me, i just raise my voice from time to time.

>>28327687
Dumb faggot.

>>28329399
jesus man that sounds pretty fucked. worse than getting beat , (which I approve of, violence is the answer) but that is just humiliation ...did u develop any bad habits? drug addiction, degeneracy, etc?

>>28326740
Because they're boomers who do whatever Jews on TV tell them to.

>>28326740
My parents have told me they aren't leaving me any inheritance because "all money you don't earn yourself is evil."

>>28326740
doing this in a third world country is hard so I don't blame my parents for not doing it
the average income is low, taxes are high and the general cost of living is almost on par with some areas of america
personally I'd never raise a child in a third world country, it's like losing the genetic lottery and economic lottery at the same time

I am working with my family and will take over the family business. bretty cozy desu

>>28326740
Becuz you wipo put us in chainz. You racis crackers will soon feel the rath of the black kingz!

>>28327821
My grandpa was given a choice of a reward for his service in the Canadian military during WWII. Either $1000 (which was a decent amount back then), or a property on what is now one of hte most wealthy neighbourhoods in Canada, known as the Bridle Path. You can guess which one he chose.

>>28326740
as a black, my family doesn't have any wealth

I am 24 and literally have more money in investments than my father has his entire life. I'm building generational wealth for my family, they didn't have to build it for me.

>>28326740
They did but my Grandmother stole all of my mom's money and lost it.

>>28329834
Ooooooooof are you fucking serious? Good god this makes me sick to my stomach

>>28326740
I wouldn't want to give my wealth to my kids. If they don't know what it's like to earn it then it will just give a false sense of superiority and they will not need to develop.

>>28326740
they were chased out of their country by serbian larpers

>Why didn't your parents build generational wealth?
Because they were stupid boomers of course. That's all.

>personal wealth with no family is already over 80th percentile
lol

>>28329834
he took the money? kek

>>28329915
Same, that's why I've been grafuwlly bv saving and buying assets.
I also stopped buying stupid shit like vidya.
I've also been reading the millionaire next door, which actually has a nice explanation of how to create your own wealth and keep it without being retarded like the meme celebrities.

>dad is self made multimillionaire
>mom is great at money management
>multiple properties in several countries
>only child

The worst possible financial outcome for me is a cozy landlord life. Doesn't mean I don't want to make my own money tho.

Family came from east Europe to the US about 80 years ago with nothing. They did well enough

>>28330091
Generational wealth is the reason that the same families that were powerful in the 19th century are still powerful today. They do it, you tell yourself you're kids deserve to be peasants in the modern feudal system all you want, they're going to continue to do it and you'll continue to fall behind.

>>28330009
>>28330199
To be fair to him, it was basically farm land at the time and he had no means to build anything on it, but still. Picking cash over land is incredibly blue pilled. I don't lose sleep over it though, I just use it as a reminder to always make principled decisions instead of looking for instant gratification.

>>28330312
did you want siblings growing up?

>>28326740
My dad destroyed the family wealth he inherited, I am the first one to start from literally 0 in my bloodline after 900 documented years of land ownership.

I honestly don't fucking get it.
My dad didn't leave me any property (other than the house which will be split with my siblings). No stocks, no precious metals, no land, nothing.
What the fuck was he thinking?

>>28330286
>I've also been reading the millionaire next door, which actually has a nice explanation of how to create your own wealth and keep
I will look into this, I stopped playing vidya too because it wasn't getting me anywhere. Now I spend all my spare time browsing /biz/ and looking at charts.

>>28330436
About Budweisers and Football probably

>>28326740
They did, my grandparents were in prison in France after colonisation.
They started from nothing and built up a future for their children, they all invested in what their parents have built and became engineers, doctors, nurses and managers.
I will inherit the familial house, which is now a literal building in Algeria, its supposed to be shared by the family but no one really goes there anymore so im just gonna rent the appartments, cant wait.

>>28326740
My boomer dad actually got rich from Bitcoin because my younger self didn't stop talking about crypto literally every single day (I might be a bit autistic) so he aped $500 into BTC in 2011 to get me to shut up.

>>28330568
the audio book is free on youtube

>>28330436
this is so sad, this is why the world is the way it is today. " me me me , wheres mine, and fuck u dad !!11!"

fuckin kys, your dad wasted his sperm

>>28330426
Dad got super busy by the time I was 4/5. They planned for another kid but just never got around to it. Would love to have a younger sibling.

>>28327648
>once every 20 years
More like never. It took my family 2 years to go through all the old shit my grandparents had hoarded and a lot of it was still in the original packaging.

>>28330091
You're supposed to train your children to use money properly and responsibly, not just dump a shitton of cash on them after abandoning them to the government school system for 15 years.

>>28330435
Damn dude, if my family had a history that long I'd strike my fathers name from the records (unless it was part of a long decline over generations and he just happened to be the last guy with any wealth to squander).

I'll inharit 2 mil, not quite generational wealth but close enough. That plus my link stack and I'm already set for life.

ITT:
WAAAAAAAAAAAAH ME WANT FREE THING
WAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAH!

>>28330910
Yeah that is true. My mindset is expect nothing and appreciate what you get. That being said I'm not going to make the same mistake as Anon's investless father

>>28330312
*parents reverse mortgage*
They make good money for a reason, giving it to their waste of sperm is not sound financial advice

>>28330910
Bruh people SHOULD be shamed for not building generational wealth. It's pathetic to consooom so much you leave your children with no legacy. In fact it might be wise to start putting lifetime earnings and assets at death on peoples' tombstones just to get it through their thick skulls that it matters.

>>28331233
fuckin lol money's meant to be spent
Get a job

>>28331233
IMO people should be shamed for selling generational family properties.

My boomer mom is in the 94th percentile, she says when she spends all her money I can have the privilege of putting her in a 100k a year oldfolks home.

>tfw she gonna die alone because I won't talk to her anymore

>>28331102
>t. angry boomer who fell into money by accident

>>28331102
>you
>heheh beer taste good, better blow through all my money on me me me

>>28331398
Pot, meet kettle.

>>28331396
She literally said that?
What type of son are you that she already assumes she's going to a nursing home?
If my kids were trying to force me into a nursing home I wouldn't give them shit either.
No daycare
No nursing home
We take care of our family members.
(barring some really intensive care required obviously =.=)

>>28331392
Absolutely. Inheritance of family homes should also follow primogeniture.

my parents are worth like +20M€ but my dad being an autist decided that his children will not see any of it ever

like literally the day I turned 18 they we're like you're on your own now go find a apartment and work while studying so you can pull yourself up by the bootstraps like we did

both inherited millions in their 20s and 40s

>his family is worth under $2mil
laughing my ass off at poorfags families that didn't invest in oil rights in the late 19th century. pathetic!

>>28331433
>better blow through all my money on me me me
Yes. I earned it, I'm spending it.
cry moar bitchnigga

>>28331326
Money is meant to accumulate wealth (in the form of land and assets).

>>28331326

Your kid is literally the continuation of you.

It carries your genetics into the future, which are fundamentally you.

By leaving yourself money, you help future you.

I bet you don't help future you at all. I bet you don't save, I bet you don't invest, obstain from drugs and alcohol, and most of all I bet you don't exercise.

>>28331639
>>28331658
That shit ain't helping me when I'm dead.
Fuck them kids.

>>28331602
Why didn't you call them out on it? Did you? What did they say? I just cannot fathom someone lacking this much self awareness

>>28331716
He ain't got no money, what CAN he say?
Cry moar bitchnigga

>>28327263
>I started a business right out of high school in the 60s recycling soda cans I found on the street and now I'm worth millions. It's not that hard! Millennials are just lazy and entitled!

>>28331687
You're literally more nihilistic sounding than a fucking zoomer bro

>>28331658
Agreed

>>28331830
>You're literally more nihilistic sounding than a fucking zoomer bro
Earn your own money and you'll be able to do the same.
Cry moar bitchnigga

>>28326740
my parents did and continue to, though

>>28331233
go do that then you fucking bum

>>28331879
Be able to do what? Say fuck your kids and pretend that's not bizarre and fucked?

>>28327687
Ask me how I know you have less than 2 siblings

>>28331579
>What type of son are you that she already assumes she's going to a nursing home?

She put grandma into an expensive nursing home (on grandma's dime, not her own) and liked it for some reason. She wants to go to an expensive nursing him, she digs it. She's a bad person.

>>28330568
based colored frens

>>28331957
dude fuck kids. you know how I know you don't have kids ? (or they havent grown up yet and spat on your face)

its easy to talk , hard to walk. You can do everything by the book, and your kid is ungrateful trash, like this kid>>28330436

>>28332006
This. Children really aren't as expensive as the MEDIA insists. Especially once you get past the first boy and first girl. Each child costs less than the previous child.

>>28327689
i wish someone would deal with these annoying bots

>>28326740
>born to cig-addict drug-addict alcoholic abusive neglectful outside-of-marriage TV-addict low-IQ trailer trash tier retard parents
>get robbed of a decent childhood
>get robbed of a decent family structure
>get robbed of a silver spoon

>>28332203
shouldn't a father provide for his family?

>>28332203
I had my first born son three weeks ago in my apartment living room. Oh no, a little shit and spitup. You sound like a fucking pussy

>>28331957
It's a financially smart move
Fuck them kids. Any money given to them will be pissed away on get-rich-quick schemes.

>>28327263
boomers should be strung up like pigs and drained of blood while alive

>>28331687
This post is bearish on civilization

>>28326740
they tried to but then got wiped out in 2008
it was a risky market they were in.
you can guess what it is. Gotta start from ground up after that disastrous year.

>>28332203
It doesn't sound like he has much to be grateful for. They bring you into this cruel and harsh world without your consent, and then just tell you you're on your own? Fuck off with your boomer mindset.

>>28331233
This is correct. Everyone saying otherwise is either a salty poorfag or a Rockefeller trying to stop the peasants from figuring it out.

born in yuropoor country, now higher than 90th percentile according to that graph, not bad. im gonna do my part to move it along even higher.

>>28332455
Sounds like you did a horrible job instilling your values and economic mindset to your children. My father taught us the values of saving and sacrifice, not taking on debt, not spending outside of your means, not getting scammed into ponzi get rich quick schemes. Just because you're such a huge failure as a father doesn't mean everyone else is

>>28326740
perfect example of pareto principle.
Distribution can be reconstructed in a simulation where everyone starts with same amount of money. Every interaction halves the money the of the loser and adds it to the winner. Only lucky people or people with a chance of succeeding higher than 50% reach the top wealth. The game is rigged

>>28332331
Just report them every time you see them. I've been reporting every thotposter I see and numbers are way down this week compared to previous weeks. Janitors and mods do seem to be doing their jobs.

>28331176

Dad's company already won a long term government contract that will pay for the next 20+ years. He's developing real estate on top of that. I also happen to work in finance and professionally manage other people's money.

>>28332658
Then why are you on /biz/?
that's right.
bitchnigga

>>28332557
the mother fucker is being given a house and he is acting like that is nothing. please fuck off with your bullshit. I know people that have nothing to their name, and their are very grateful and humble. honestly im talking to a bunch of zoomers arent I.

Sooner or later, everyone learns.

kids are an investment, they can fuck up too. thats all im saying. I sure as fuck wouldnt want that kid to be my kid, if my kid complained about me giving him a house, I would probably put him six feet under, along with the wife, and start a new family. LOL

>>28332203
>>28332386
Dude stop arguing with him. If he wants to fuck over his bloodline then they won’t be able to compete with mine. Evolutionary dead ends should dead end.

>>28326740
Because both my mum and dad are absolute retards.

My grandfather was a millionare but my mum decided to rebel and fuck some criminal idiot (my dad) and produce me. We live in a council house (equivilent of projects in america). She is in thousands of £ of debt, constantly has baliffs after her, doesnt pay bills etc etc.

I have a net worth of around £25,000 15k in crypto currently.

still live at home. Waiting to buy a house this market cycle with my crypto earnings.

>>28331658
>Your kid is literally the continuation of you.
KILL YOURSELF IMMEDIATELY
I'm not the "continuation" of my parents or grandparents or anyone else. I cut them all out, they have nothing at all to do with me. We don't even look alike, have nothing in common, share none of the same likes or dislikes, personality is completely different. Tired of self-congratulatory boomers thinking of their children as "mini-me"s. You're selfish egotists. In reality no one wants anythign to do with you, let alone to be said to be merely a continuation of you, for whatever the fuck that means. Pull your head out of your asshole.

My parents will die alone and I told them why. I wouldn't even bother to go to their funeral. When they choke off I'll pay some jew lawyer to pay some high school dropout pothead to go through their hoard of dusty grimy shit, sell off whatever is valuable, and give me the difference after their fees. And that will be the extent I am willing to deal with them.

There isn't anyone on this earth who would even see me standing next to my parents, let alone grandparents, and think we're related, genetics aside, we're just that different as people. If a janitor and a banker both had blond hair and stood next to each other no one would think they could be related. That's 1/100 of the difference between myself and those miserable fuckups.

>>28329333
checked

>>28331716
unironically didn't know at the time, I grew up thinking that my dad is just great at business

we never talk about money, I didn't know and still don't know how to approach them about it

thinking back I think it fucked me up pretty badly as both of my parents were either home or traveling all the time, sometimes my dad had meetings and such but that was pretty much about it, as a kid when people asked me what they did for a living I couldn't give an answer because I honestly didn't know

I didn't understand that working 9-5 with commutes and such was a thing until I had to do it myself, I was nearly robing myself after my first year of working at a warehouse when I was studying, I even dropped out because of it

I mean they did agree to secure my mortage on my 215sqft aparment in the outer part of a small town so there's that

>>28329368
no one is really stopping you anon

>>28327263
White people are fucking retarded
They kick out their children at 18 so they have to waste money on rent and waste time at shit jobs that could have been used to learn something that would make them more money in the long run, like programming

>>28326740
damn, I have more than 50% of this country's family wealth in cash at 26 and I'm probably poor when compared to many members of this board

>>28333062
You are just as bad as your parents
Every time you look at yourself in the mirror I want you to remember that

>>28328193
Or just low IQ and mental problems like in your case.

>>28332788
What does being on /biz/ have to do with teaching your children about money? I'd also note that a 3 week old can barely hold their own fucking head up let alone understand words you fucking faggot

>tfw my relationship with my family is good and we all support each other, and my parents came from families that lost it all to become wealthy enough to have inter generational wealth and raised me and my siblings to be good people who are financially prudent

feels goodman

>>28333120
>215sqft apartment
wat

>>28333235
>I'm probably poor when compared to many members of this board
Unless this board can spend their crytpo, then you are very likely among the richest. This board has assets with "liquidity" as long as gas fees don't eat them alive, along with taxes, and along with fees.

>>28333309
You'll learn when you get older

>>28333306
Good thing I don't look like either of them. I'm the only person in my entire extended family, over 100 people, with blond hair. And that's the least of the difference between those shit-rollers and myself.

I'm my own man. I'm not the "continuation" of anyone. Die angry, faggot.

>>28333429
I don't know man, I'm just trying to convert my euro metrics to meet you guys in the middle

>>28333434
you can pull out and cash out crypto at any time. As long as it is on a big exchange like binance or coinbase it is essentially liquid. AKA it is essentially $

>>28333224
>Kick their children out at 18
Bro what fucking kid DOESN'T want to move out at 18 lmfao what a boring young-adulthood you must've had
>Lady at the bar
"Hey wanna come back and fuck at my parent's place?"
>Want to have a party
"Hey Mom and Dad can I have a few people over tonight?"
LMFAO

>>28326740
The same reason their parents didn't, plans their parents' parents didn't

>>28330091
>t. Boomer

>>28333120
>be a neet who does nothing all day everyday after inheriting millions
>dont want son to fall into the same cycle I am
>tell him he wont be getting any inheritance to motivate him to actually find a passion and not just spend all day doing fucking nothing like I do

>>28333541
This board is on UNISwap though.

>>28333505
It doesn’t matter if you look like them. I want you to see your own face and know that you’re just as bad as your parents

>>28326740
Because they were dirt poor when they arrived at Brazil

>>28330910
My dad and I never got to positively emotionally involve with each other. I didn't feel particularly bad when he died of cancer.

>fuckin kys
That's a sin

>your dad wasted his sperm
Probably.

>>28331157
>That being said I'm not going to make the same mistake as Anon's investless father
Great for you, at least you got my point.

>>28331326
People like you are why Jews are winning.

>>28331233
Not a bad idea but wealth is not everything.

>>28333555
DOUBLE TRIPS
WITNESSED

>>28327104
Based

>>28333539
>what is college that your generationally wealthy parents pay for so you can party and fuck girls on their dime
This should be your life from 18-22 if you've got badass parents. After college it's chill to move back in with your parents and save some money up before buying a house. Man I feel bad for poorfags that get kicked out of their parent's houses, you're not going to make it burning money on rent immediately when you turn 18

>>28333628
Because I crawled out of hell with my own 2 hands with zero, ZERO, help from anyone?

You're angry and bitter. I'm laughing at you. I even changed my name to whatever I wanted, because I can. Those pieces of trash have as much relation to me as some banana farmer in guatamala does. Family is a choice. Oh, I bet you thought you could take it for granted that your kids will be "yours" for life and my post makes you seethe? You own no one. Treat your kids right or they'll leave your sorry boomer ass.

>>28333539
They live in houses large enough where they don't have to tip toe around each other, and end up dating other smart people who aren't dumping 25%+ of their paycheck on some other jews mortgage so they can buy a house earlier. But you are right, it is totally worth all that money to bang bar slags. LMFAO

>>28333727
>People like you are why Jews are winning.
cry moar, bitchnigga.
I made mines and you can make yours.

>>28327687

Most people were farmers or rural laborers back then, even in industrialized societies. More kids = more farm hands = more money.

>>28333813
That's interesting. I went to college at 17, met my wife at 19, got married at 21, lived downtown in a major city enjoying partying/drinking/concerts/events till 24 and then we decided to start our family. I can guarantee I wouldn't have met my wife if I moved back to Mammy and Daddy, one because it was 2 hours away and secondly because no woman worth anything wants someone with no ambition. I was employed before I graduated college and had my first major gig the month I graduated.

By contrast?

All of my highschool friends who "stayed home to save for a house HURR DURR" are single losers. It's been 7-8 years since I moved out, where's the fucking house bro? I've invested 10k since August on an average salary, and these kids couldn't have bought a house by now? The reality is, they aren't saving for shit. They spend all their money on bullshit like 400$ shoes, vacations and travelling, brand new cars, general keeping up with the Jones' shit. When is it going to change? Some of these people are 25, 26, 27 now. Still living at home. No house. No investments, just a savings account.

Or even better the kids who's parents literally buy them a house cuz they want them out of the fucking house.

Either way, if you don't learn how to achieve a certain amount of wealth independently I don't see how you benefit in the long term.

>>28333905
See
>>28334146
"Renting bad u must buy house before its too late" mentality is for people who are in the lower middle class and think they are rich

>>28333539
dumb poorfag coomer

>>28333868
I don’t own my kids. The goal is that they don’t need me and they find happiness away from home and away from me. You’re projecting because you see familial love only to be a form of manipulation and oppression
Just like your parents

>>28334146
>haha I had a theme park life
Don't lecture people who actually live. You have no idea how it's done.

>>28333813
Must be nice knowing how the world works kek ignorant fuck. You'll have a rude awakening someday and mommy and daddy won't be able to save you.

>>28326740
Stupidity. My parents believe you have to live paycheck to paycheck, just like most parents.

>buy FACTORY NEW car every few years
>buy a shit second house in the boonies
>spend as much on repairs as the house cost
>still looks like shit
>loses value daily like the shitcar
>helped my useless sister buy a house
>she does 0 maintenance, it's going to fall apart
>end money to relatives who will NEVER pay it back

I bet they'll fucking sell their house too before they croak as a final fuck you so I can't rent it out.

>>28334444
nice quads faggot, but ok I'm not sure what rude awakening could possible happen. I've got enough money saved up now to live for a few years even if my parents bitch slap me out of their house. Cope more with having asshole parents that you can't mooch off of

>>28334418
What do you even mean?

look up reversion to the mean

>>28330091
Then you shouldn't have had kids, go marry a thai woman and have fun getting to know her family

In relation to this, I never understood the american mindset where you're "spoiled" if your parents pay for your college/university. Especially when you consider the fact that the same people who screech about others being spoiled want the government to pay everything for them.
Parents invest in their kids futures instilling a mindset by which those kids will then support their kid's futures and so forth, generation over generation
>SPOILED
Parents willingly and actively don't invest in their kid's future, kid goes around calling everyone else with sane parents spoiled while at the same time saying
>NOOOOOO THE GOVERNMENT MUST TAX EVERYONE MORE BECAUSE INSTEAD OF MY PARENTS INVESTING IN MY COMPLETE STRANGERS SHOULD INSTEAD

>>28334638
Quads of truth. Little weak egotistical faggots like you are going to suffer the most and its going to be great. Your little ego brain can't even grasp it right now. You still think having money will mean something. Goodluck anon.

Family came from Communist China. That being said we bought a house in NYC so I'm sitting on 1.4M of assets right there.

>>28326740
Because my teenage father secretly blew all of our savings on a new fancy car and was gone the next day, now building generational wealth for his new family.
Mother's side of the family stupidly chose to ruin themselves trying to save my uncle from his debts and the consequences of his alcoholism

>>28334418
I'm not saying I had the 'coolest' youth ever, I'm saying I spent my youth the way you're supposed to, enjoying socializing and events as opposed to spending your weekends hanging out with an ever-dwindling group of the losers you hung out with in highschool who still live in your home town.

"The good times never end, bad things never happen". then that turns into "it's those lazy fucking millennials who ruined the good things we gave them' or "it's those immigrants and or whoever who are ruining things", note, you can still be opposed to immigration or whatever, but the reason for it shouldn't be "they would pay me higher wagies if not for them" because that's not the whole story. the real anser is, boomers like capitalism but don't understand how it works and don't own capitol and assume being a wagie is what capitalisms is about and get angry and point fingers when they get rekt and double-down on their delusions.

https://www.brookings.edu/blog/the-avenue/2020/11/09/biden-voting-counties-equal-70-of-americas-economy-what-does-this-mean-for-the-nations-political-economic-divide/

Here is the fucking proof of how right-wing economics concentrates wealth, and how the boomer mindset is cannibalistic and counter-productive to their own interests. Blaming leftists and liberals for shit while supporting policies that gives the liberals more power and money, and then getting more and more angry and delusional over it. That's the GOP and Trumpism right there.

>>28332331
that anon isn't a bot.

My mom was a broker in the early 80s and walked away convinced it was all fake lol
Of course it's fake but you can still make it easier than being an overleveraged debt slave

If you ever want reassurance that /biz/kids would squander their money away, look at the advice they give towards getting a car.
The overwhelmingly majority will tell you to buy new.
That's genuinely all that should be said.
You trade shitcoins with these people.

>>28335059
Makes sense. You bug men really bought up our land and housing like crazy. Along with our politicians and brainwashing our youth with tencnet. Fucking kudos to you guys for also taking advantage of the eternal boomer along with the jews. Must be nice you got some white bois land his boomer parents sold to you.

>>28327104
This but also yankees.

>>28334387
>my anecdotal evidence applies across the board

The fact that you are taking your own personal experience, pulling assumptions out of your ass and applying that to society just illustrates how closed minded you are.

>>28335082
If you need others to be happy, you aren't

>>28335538
>not building social equity
NGMI

>>28326740
Wrong place at the wrong time during WW2.

>>28335538
>he isn’t happy after 10 years of solitary confinement
>he was never happy

>>28335459
I think they bought it from some Indians in the 90's.

That being said, I am doing that in the South and midwest though. America has great subsidized financing so long as your credit is great. I fucking Love Fannie and Freddie.

>>28335538
This guy must be fun at parties. Oh wait he's never invited. Probably prefers she now.

>>28332203
They spit in your face because you're trash. Have you heard of the chicken and the egg?

>>28335459
And I came during the early 90's. The era when the poorest nigger in America was wealthier than a average Chinese person in Shanghai.

>>28335566
>>28335082
Btw that would also apply to hanging out with less popular people

My parents were born to farmers and steel workers, barely living above the poverty line. They retired to the 90th percentile. That's good enough for me and I'm proud of them for building a good life for themselves. My dad is unironically my hero.

>>28330910
This.
I just wish my dad was still alive.
You ungrateful spoiled Reddit niggers have to go back.

>>28335408
That's not what I've seen at all, everyone recommends buying used and paying cash up front. Unless it's lambo posting but that's just circlejerking.

>>28335716
Nice! You guys got Boston, NY, Most of Cali, and now the south and Midwest. Damn dude that's gnar. I grew up in Boston and returned to visit there recently. Hadn't realized you gooks took over that city so fast as well.

>>28335726
I'm very sociable, outgoing and friendly
But if i have a choice, i'll chose solitude

>>28326740
They got sucked into the democratic dream of government jobs. Paid decent for the time but with the promise of government pensions taking care of you forever after only 20 years for work, what was the incentive to invest? I’m the first in that didn’t go that route. Did college then medical school. Now making easy 6 figures and investing for my kids’ futures. My brother and my cousins, all government employees, are salty fucks as my family travels a lot and they can’t. I say you live with the consequences of your decisions.

>>28336130
You don't choose you're forced to. Nice cope though.

>>28336025
Old /biz/ might've.
But not these new niggas. Did you see the "what's your 'make it' car?" thread?
Did you see the thread with the toyota 4runner as the main image?

>>28335538
Absolutely, who needs others? The people who hangout with their ever-dwindling group of highschool friends or people who move their life forward, meet new people, get married and start a family? I don't "need" people at all, you're projecting lol

>>28336263
Didn't see that thread, but a "make it" car is dreaming/circle-jerking. It's very different from "hey /biz/ I'm trying to make it what car should I get". It's like "what's your make it house" vs "should I buy or rent while I'm swinging shitcoins".

>>28335890
based and wholesomepilled
>they will never know what it's like being raised in a successful household
>...
>including me
I believe that I'm gonna make it. Take my diamond hands, frens

>>28331396
>I can have the privilege of putting her in a 100k a year oldfolks home
My boomer mom has said similar. I replied I know the county coroner and a lot of women her age tend to die in their sleep.

>mom lost house, I drop out of HS
>sleeping on sisters couch
>try to get job for a year but super anxious /a/utist
>finally do get one
>then get a better job
>end up paying $40k to support my family over just 2 years
>zero savings
>get promoted because autist concentration
>leave family because they only pull me down
>yolo into crypto last year
>last January NW: $5k
>Today NW: $105k

My bloodline wasn't supposed to succeed but I did. I wish my dad could have seen it.

>>28335331

Seriously, this is what the GOP does to the economy. Liberals own more capitol.

>>28333062
>My parents will die alone and I told them why
You're still a puddle of their spooge that is always going to be a continuation of their genetic legacy. Can't change your genes no matter how shitty they were or how great you are. I guess you could just not reproduce and end their line, but that obviously entails ending your line too.

>>28335344
>brainless spamming shill
I beg to differ

>>28327104
this

Uncle lost the family fortune in 2008. Sold the bottom and used the money to rebuy his son’s home after they lost it to the bank.

My mother and my step-mother ended up telling what's left of my father's wealth and used it up for themselves. Now I'm stuck between a rock and a hard place because I'm still working for the family business but I can't move out without significant downpayment on a house. If I knew I was going to live like this for the rest of my life, I would've committed suicide or bail out like my uncles did.

>>30 year-old still living with his mother

>>28336514
There was only one genuine good answer and it was an older generation land cruiser.
Everybody else posted ricer shit and BMW/Mercedes
Their habits will never allow them to make it.

>>28326740
My grandpa died, they sold his farm my grandma got dementia and his whole wealth was burned up in the nursing home. On the other side there wasn't much wealth to start with, when they died it got split between 5 kids. My parents are planning to sell my house and retire in town, where they will likely burn though most of the wealth they have left. I will not get much passed to me, whatever is left will be split with my brother, I'll probably end up letting him have everything as I'm doing a lot better off financially anyway

>>28336605
>Liberals own more capital
orbitalsides.jpg

>>28336838
just get an older volvo until you have the cashflow to just get a new one

>>28333062
>I'm not the "continuation" of my parents or grandparents or anyone else.
you are
>We don't even look alike, have nothing in common, share none of the same likes or dislikes, personality is completely different.
Wrong, unless you are not genetically related to them. Your looks and personality are copies of theirs, this is a genetic fact, you are a variation on a theme.
>children as "mini-me"s.
they are

sorry to break it to you

>>28336090
Real estate is the only thing most of us put money into. A generation of people in the 90's got absolutely wrecked on the stock market and taught their kids not to go into it.

>>28329543
Kek

>>28333576
Martial arts is the answer for discipline. All rich kids i know that didn't part take in that or the army are absolutely fucked. And you don't want them fighting for zog, so martial arts it is imo

>>28336836
You only need a 3.5% downpayment if you're going to be living in it.

>>28331396
>100k a year old folks home
lol? what? do boomers think anybody is going to pay for this?

>>28326740
They blew it all on alcohol

>>28336948
>volvo
Were you the volvobro in that make it thread?
I couldn't do a volvo, parts not common enough.
But I really do like how they look.

>>28336937

You think I'm wrong? Why?

>>28336605
>A vaporware startup in Silicon valley worth $50 million is equivalent capitol to a cattle farm worth $50 million
This is what liberals actually believe...

Most people are stupid, anon. I love my dad and I hold him in high esteem but he's a retard in a lot of ways. He spends roughly $1,500 a MONTH on a combination of beer, cigarettes and marijuana. He bought a modest house for $90,000 30 years ago-and can you guess what he owes on it now? $46,000! He's paid probably close to $200,000 to reduce his loan's principal by $44,000.

He's made nothing but minimum payments that entire time, and I think he took out a second mortgage to buy snowmobiles or do something similarly stupid. If he would have even paid $100 a month more towards the house he would have paid it off years ago, let alone $500-1000. Don't be a retard and you could have generational wealth easily. Spend your money and have fun responsibly, if you consume like a junkie every day of your life like a dumb boomer jackass you'll end up with nothing.

>>28337046
Yup boomers are retarded. Hence why you have America now. I was mad but now I just accept Americans deserve it, you saw the opportunities the ones too comfortable living here didn't.

>>28327602
This. Most people spend like 50% of all the money they ever made in their last few years and medical bills and care. Why blow all that cash to sustain a life of slowly rotting away in front of a tv blaring fox news.

>>28331617
>bitchnigga
You sound like a retarded zoomer faggot

>>28337439
sounds like you're crying moar
bitchnigga

>>28337219

Go on, can you elaborate on your reasoning here because I'm genuinely curious what you are thinking here.

My parents were too busy divorcing and remarrying new partners every 5 minutes and relocating to actually accumulate any significant wealth. That was my whole childhood. I assume its the same for many others.

>>28337160
Boomers don't know how money works.

>>28336583
Based

>>28337532
He's some right wing retard that doesn't understand tech. This should be good.

>>28337181
>>28336605
>capitol

>>28333022
>cashing out of crypto at 15k
Why not rebuy after the crash and go for another round?

>>28337532
One thing is real, the other is imaginary numbers. It's like saying $1000 worth of cash is equivalent to $1000 worth of food. The only thing that makes that cash worth $1000 is the fact that you can trade it for the food. It has no utility or inherent value in of itself.

>>28336090
White give up
Chink win

my dad is wealthy as shit
>made me pay my way through school, never helped when asked
>told me he would pay for my wedding then fucking rug pulled me after i signed everything, destroying my meagre savings
>majorly pressured me to buy a brand new truck when I was ~20 because "it's not manly to drive a neon", found out later salesman was a friend of his who made commission off of my nice 60k of debt
>hides assets in my name to avoid the tax man (didn't find this one out until I learned I had to pay capital gains one year and I had never done any trading at all)
>owns 2 houses, 4 vehicles (2 luxury sports cars)
>got really salty when another wealthy friend of his pointed out that his second house didn't have a pool, within a month he sold it and bought one with a pool
>gets mad at me that I "don't spend enough time with him" even though he's been nothing but a total cunt to me his whole life

i fucking hate boomers so fucking much dude

>>28326740
Boomers and zoomers are both very spendy and generally don't adapt to market conditions. Wealth will not transfer out of either generation.

>>28337595
>hurr hurr if it wasn't for my 3rd ex wife

Why do they do this?

>>28337976
>found out later salesman was a friend of his who made commission off of my nice 60k of debt
holy based

Because my fucking retarded boomer dad has literally been all in on cash for the last 40 years
I’m not even joking, it’s beyond pathetic
He’s just such an emotional little bitch that he can’t take the stress of any risk in his assets whatsoever

>>28337251
You SHOULD only pay the minimum of your house. The increase in the asset outweighs any interest you pay on it unless your dad's interest rate are above 7%.

>>28335082
>who still live in your home town.

Ok redditor who was picked on by the jocks and then went to an overpriced private school in the city and now works a 40k a year desk job with a feminazi wife...

>>28337781
im not cashing out. Im cashing out when we get to the mania phase. Optimistically hoping for 100k , but more likely to get 30-40k

Currently have 512 link, 2.23 eth, 2000 ADA

I will re-accumulate in the despair phase of this cycle.

Boomers believe whatever the TV jew tells them and the jew doesn't want you to know how people lived before 1945.

>>28337251
>dad spends roughly $1,500 a MONTH on a combination of beer, cigarettes and marijuana

WTF.
Grow your own weed (fuck if it is illegal, it is probably already illegal where you are if you pay that much) and set up some homebrew set up for like ~3 months worth of expenses.

Then you have a cool hobby and free (other than time and minimal hobby costs) supply of weed and beer.

>>28337833
Yup. Sadly so.

>>28327337
TIL my parents are complete failures in life. Reflecting on how I turned out, that seems about right.

>>28337595
This is the biggest destroyer of wealth.

I see it in my one divorced uncle (good grad-school required job for a boomer, came from wealth) who is far less wealthy than his siblings.

Same with other friends of my parents age.

I figure I get one chance at marriage, if it fails then from then on I am not marrying again.

>>28326740
>dad is a literal millionaire who is retired at 50
>inherit car from my sister when she goes to college
>dad gives me ultimatum to put the car in my name or sell it so if I get in an accident he won't be liable
>sure
>few months later he's mad since he's paying insurance on it (he didn't seem to care when she was using it)
>tells me he'll give me money if I trade it in to help get brother a car
>sure, trade it in
>says he was just joking after I trade it in and that I'm too young for money (even though I'm in my early 20s)
He's a fucking scumbag, also went on a golf trip instead of coming to my high school graduation, he's the typical rich douche. He'll ask himself why I never call him when he's older, but deep down he'll know. One or two incident like this is fine, but when it's a pattern of fucking me over when I'm literally his kid it's not ok. I don't even mind trading it in to help my brother, but going back on a deal is not fucking ok.

>>28327263
>Some parents just end up donating it all to charity
I wouldn't mind this since a lot of rich people's kids end up being burdens on society that live off their parents' trust funds, but I've seen some of the charities these boomers are donating to and can't really tell if the money is being put to better use there

>>28338127
His interest rate is fine, it's still stupid though, he could just be paying nothing but property taxes and utilities right now. I've got half a mind to just pay it off myself anonymously but I know he'd find some other frivolity to spend his surplus on. I love him to death but he's a dumbass and a hedonist. I hope I make it so I can start a business and carry his ass across the finish line though, he's getting old and he won't be able to support himself much longer.

>>28337976
Holy shit, your dad is the ultimate boomer

>>28337520
Shouldn't you be on tiktok or something? Or just kill yourself?

>>28338089
yeah, he's good with money for sure... to the point where it's something that he lets destroy relationships with people

he's technically my step-father. one time i asked him for a loan for tuition; i told him that i would even pay interest if he could just lend it to me for marginally less than the bank would

he laughed in my face and told me to ask my "biological father" (dead)

>>28338612
Well I guess. Alot of people just constantly cash out refinance and rent out a space to pay the financing costs. I do that with my investment homes. As assets appreciate yo can get the money without selling it.

>>28338587
>too young for money
kek what the fuck, if he thinks that he knows he fucked up in raising you. My mom wasn't rich but at least she instilled me good financial habits and that if she loaned me money for something like school I wouldn't blow it all on weed and clothes (like my cousin)

>>28338368
That's actually a good idea and if I can think of some way to get away with it I might actually suggest that.

That kind of shit adds up quick, man. I just don't understand people that piss (sometimes literally) their money away like that. $10 a day is over $300 a month, people on a fixed salary income would do well to consider what their daily routine consumption costs them.

>>28338587
The apple doesn't fall far from the tree. You are a spoiled douche. I hope your dad burns a large stack of his cash in front of you.

>>28338587
lol are you me?
what the fuck is it with wealthy people abusing the shit out of their poor ass kids? it seems to be a pretty common trend.

>>28337799

OK then, so the dollars they have can now be used to purchase financial assets like stocks and crypto. Meaning liberals own more capital than conservatives and because of that the liberals have more wealth and power and will continue to gain steam at the expense of conservatives while right-wing economics are implemented, and both the GOP and the democrat establishment supports those policies, they are the capitalist elites.

>>28338647
stop lookin for a handout

>>28338647
Sorry your dad is dead but he's not your dad and doesn't owe you shit. He just piledrives your mom.

>noOoo why didn't my parents without internet, without a smartphone to make a months salary in a few hours by clicking on an app, without all this instant information just invest and leave it all to me nooooo
you zoomers are living in a complete fucking bubble, hope the economy crashes soon and doesn't recover so you can all cry about the red arrows

>>28338859
It's fucked up, I'm the most responsible kid too, I'm also a literal shut-in who doesn't do drugs or party. He just did it since he's a douche. The amount he said he would give me would've literally changed my life while it's pennies to him.
>>28338880
It's not spoiled to be upset when you make a deal with someone, and once you do your part, they back out. Anyone would be upset in that scenario.
>>28338889
I think you need to be narcissistic to some extent to become rich, so they abuse their kids as a side effect.

>>28326740
>going to retire with millions of dollars
>no plans on having children or getting married
do i just donate all my money or keep it within my family? i don't really care about my nephews and nieces, maybe i'll just pass it along to my friends if they're still alive

>>28338775
I do see the logic there, especially because all you can really do with the house when you're done with it is sell it for another house. However, the $400-$450 a month he spends on his mortgage could have been going to some combination of dividend stocks, shiny rocks and/or crypto I guess is all I'm saying.

>inheriting negative family wealth
Is this even possible?
>>28326856
I thought this was about inheritance?
>>28333235
And we're all poor compared to Mr. Shekelstein
>>28333539
>18 at a bar
>as a guy
Nice LARP


Both sides are poor. Pretty simple.
>>28333224
>White people kick out children at 18
That's not nearly as common as you think
>>28333318
based and wholesome pilled

>>28339241
Dude you're the type of kid that's bitch at him for getting the wrong colored iPhone. You deserve it.

>>28339241
>I'm also a literal shut-in who doesn't do drugs or party.
yeah you're a fucking loser who will blow all of daddys money on retarded shitcoins, it's better left with your siblings who are actually making memories

>>28338972
Having more capital in the abstract gives them more political power in the short-term, but the fact remains that the ones who own the infrastructure will always be the ones with the real power. Why do you think Bill Gates is in the process of buying up all of America's farm land and Canada's railways? Because he understands that $5 billion worth of farm land is worth a hell of a lot more than $5 billion worth of some shitty tech stock.

>>28335958
dont leave money to moochers let them make their own. take it with you. spend all the money on gold ornaments and shit and have it buried with you like wealthy/important people in the past.

>>28339328
Yeah, but he would have to pay extra on top of that. Honestly he could be using the money he would be using to pay off the mortgage to invest in something. $400 today is waaaaaaaaaaaaaaaay less than $400 when he started out.

A mortgage is good debt because inflation eats away at it AND your asset appreciates in value (usually)

>>28339526

So Bill gates and others own more capital than conservatives still, farmland included.

>>28339443
His dad fucked off to a golf trip with randoms over his own sons graduation. Regardless whether highschool is a worthy accomplishment or not it's still something involving his damn son. Faggots like you are why the nuclear family is dying in America

>>28339443
Not true, I had the same iPhone for eight years until it broke, I wore my brother's old clothes etc. He's just greedy.
>>28339459
Not true, my brother who is about my age parties a lot and he doesn't give him money with the reason that 'he'll just spend it all on drugs'. The truth is he's just a greedy douche who will come up with any reason to keep his money to himself.

>tfw family is only 97th percentile

-80k usd is a suicide stack. Kek.

>>28330286
Kiyosaki had some of it right, but I've found some of his advice is shit also. Decide what is worth keeping and works for you, discard the rest.

>>28339717
They don't own anything until they actually use it to buy something tangible. Most of the blue state's wealth only exists in the abstract, on paper, just like your crypto gains. That abstract wealth could disappear on any given day due to a market crash, economic collapse, plague etc.. Land and infrastructure don't disappear.

>>28326740
Well my grandparents lived in the boonies and weren't rich. My parents made it are millionares with a lot of property.
I love them but resent them a bit for chasing millions and heavily neglecting me making me an autist. They gave me a trust fund, but I don't touch it out of spite.

>mom was an orphan, dad's parents didn't leave a cent to his name
>parents work hard and learn the jewish art of credit and get into real estate and start their own business (unrelated to real estate)
>still making bank even through coof
Generational wealth isn't a guarantee you'll be rich or poor.
Thanks to my parents being competent and I'm doing a lot better than they were when they were my age.

>>28326740
Because my grandparents were Catholics who just gave it all to the Ch*rch

>>28337976
idk how I would handle having a dad that's this much of a piece of shit

>>28331602
I understand it’s their money but I’d be resentful of that. That’s so fucking narcissistic and fucking blind but like so many people who did nothing to get rich they somehow think inheritance takes “skills”. Let’s your parents rot somewhere. Fuck em.

>>28339786
I see what it is. You're a let down. Stop being a whiny little bitch and work on yourself
>whhaaaa my sister got it and I didn't
That's you, a little bitch let down of a son that doesn't even know how to go out and enjoy himself.

>>28339786
And knowing the eternal boomer he had to buy you shit to tell all his friends. Or he just calls you "that son" all boomers have one.

>>28333022
Your mom is retarded. None of her rebellious maneuvers benefited her in the slightest. Sounds like she was a brat ah thought she knew everything and had rotted the lives of everyone around her.
Of course I know I don’t have to tell you that, op.

The obvious solition is to kill your parents, then kill yourself. End the cycle.

>>28327337
My brother got in a near fatal car accident a couple weeks after he got his drivers license that took almost 2 years to recover from, then my dad was terminally ill for several more years and finally died and then my mom had a stroke and then got cancer within less than a year but at least lived but her health is kind of fucked up. So I don't think they're failures. But at the very least my family is probably cursed. If something turns out to be wrong with me or my wife I told my kids to just smother us with a pillow in my sleep or whatever so we don't run up a lot of bills.

>>28326740
My dad has his own business and refused to involve me in it because he wanted me to go to college, get 20k in debt and get a high paying salary. Why.

My parents are pretty stupid thats why.

>>28334413
This is actually a good point.

im from a family of poor coal miners

my IQ is 130 though and I make 5k a month currently without trying, I suspect itll reach 20k+ when I get fit and healthy

>>28340823
>>28340920
What are you on about? The brother that I traded the car in for is an even bigger failure and shut-in than me.

>>28338322
This, I think it’s a mentality plus opportunity thing. The sheer amount of people who ran their own businesses back in the day is insane. Nowadays most people don’t have the education nor the capital

>>28327337

>>28341197
Go find a gypsy and ask them to lift the curse
If gypsies didn't make the curse they can probably still resolve it, right?
this is just a shitpost, please don't send me to >>>/x/, I'm begging you

One thing I've realized is that most of us will neve obtain the same wealth and income as our parents did. What is even worst is that the people who make our policies are the same people who hold most of that wealth. We're being strangled of our youth and working hours to make sure boomers live well-off into their Golden years. They are squeezing young people dry to keep them fed, fat and entitled. I can't see myself continuing on like this, most of this wealth won't be passed down by the time we reach 40. It'll either be stolen by policy-makers or boomers themselves will burn it outright infront of our faces.

Millennials are holding the bags and we're forced into indentured servitude.

>>28332808
I hope your kid leaves you in a cheapass nursing home where you rot away alone in a room with no windows. Do us all a favor and kill yourself.

>>28337976
God damn, your old man is a fucking turbo boomer. I'm sorry anon. I know how it is. My old man is a pretty hardcore boomer himself
>Thinks holding cash is best
>Leary of stocks and crypto, despite me giving him a couple 3 and 4xers over the years
>Never a word of thanks for the recommendations
>Constantly brags to me about all his stock knowledge from CNBC
>Told me GAMESTOP HAD LONG TERM VALUE IN HIS OPINION (fucking hates vidya)
>Bought a lincoln log cabin in middle of nowhere
>Refuses to visit anyone, you have to visit him

>>28337976
Oh I forgot one:
Tried to force me into buying a condo when I was like 19 that I had no money for and then he ripped up the check and threw it in my face when I told him I wasn't sure I could afford it (had shit job and sat down and did the math). I think like your truck situation, he knew the agent and was gonna get a kickback.

>>28340091

You think utilities companies (water, electricity, etc) just default to the local populace in the event of a market crash? Would a market crash locally destroy Bitcoin globally?

>>28343192
>>Refuses to visit anyone, you have to visit him
that's not too bad, unless he annoys people about visiting him like some kind of faggot
also
>gameshit
>long term value
lmfao

>>28331658
based & redpilled. we also reincarnate more frequently into our own families.

>grandfather low iq poor as a rat makes 13 kids.

>>28327689
>generational wealth
>$857,641
You don't live in a first world country do you

>>28330741
>bought bitcoin in 2011
>could have just mined 10x that amount on a cpu
larp or proof
>>28326740
My dad's the first one from his family to make money, has a decent career and invested quite well into London property between 1990s and today, but still wastes money on car leases and dumb shit. Mothers side I believe that in the late 19th century economic panics hit their silversmith business, since then just been treading water in the middle classes

At what age did you realize that you couldn't trust to ask your parents for any financial or life advice?

>>28326740
They actually are right now and we have already doubled our money after starting last year.
Once the next stock market crash happens we will buy up so much shit we will never be able to get poor even if we tried

>>28344774
when my dad told me to go traditional IRA when i was making under $40k a year to 'minimize your immediate taxes' so he obviously didnt understand the value of ROTH in the future

>>28332384
Oh well. Be the one to provide all that for your kids if its what you want so bad.

poor and stupid, unfortunately. my dad is about 75 now and only has about £1.5k to his name. he only got life insurance last year and that's only worth 20k. never bought a house, no assets. he's getting mentally weak in his old age too and has been scammed by cold callers a few times. it's really sad.

>>28333062
kek nice angst reddoid faggot

>>28344774
can trust them overall but they like me to spend more on myself, I hoard shekels away like a miser for my imaginary Internet money and live in squalor, they don't like that. they don't know stock markets but know property, but I'm not sure whether bc they've spent their adult lives in the biggest property bull run they have a false sense of confidence

>>28326740
They blundered their chance and left me without support of any kind right out of highschool. At that point they were already divorced, no money, no suitable place for me to live with either of them when I went to uni so I had to run up student loan debt despite working about 30 hours a week part time jobber in additional to my full course load. I had one chance three years ago to jump from lower class to middle class and missed it. Now I gamble and hope.

seeing everyones post makes me grateful for my family, that at least my father is not willfully malicious, merely incompetent.

anyways, my rant is that my family is worth 10 million dollars or more but for complex reasons we are living like white trash. also, its not material wealth, but my dad lives like a redneck despite coming from literal nobility. he even lost a family ring that signifies aristocracy. i have a painting of my great grandfather ^ 4 from 1643, and simultaneousy right outside my room is also massive piles of rusty metals, cardboard, piles of wrenches and tools, just broken down rusty redneck shit

>>28333308
Well they definitely had low IQ since my mom had a baby with a high school dropout at 18 but why are you insulting me for my parents mistakes? I want to be better than both of them and actually provide for my child whenever I have one

They did. My parents went from $0 to six figures. I'm gonna do them proud and take them to millions wagmi

>>28326740
My parents are retarded. I gave them $5,000 for keks and they spent it on a second fucking fridge when the first one works fine. They make $20,000 a year by the way. No savings, nothing.

>>28346669
i also want to add i weirdly know a lot of people like this in the united states, basically people from formely well-to-do stations in other countries, and who migrated to the us after losing alot of it

my two good friends:
1 is the grandson of a former senator and close friend of the Shah of the Iran, really smart guy, but he lives in a tiny house, his family has little savings, and his mom has to work menial retail jobs

my other good friends family are multimilloinaires in asia, like dozens of millions, but because of inheritance laws (its his moms family thats rich) he has absolutely nothing. also lost his mom to cancer and his uncles dont even know she is dead apparently

>>28326740
grandpa did, but he had too many kids, so the wealth was splitted out.

>>28333318
feels good to take care of family

>>28333062
>rails against having kids
>lel kill yourself why would anyone want a future or lineage
follow your own advice faggot.

>>28337976
>gets rug pulled by his dad
hahahahaha

>>28338595
>favoring non-familial relationships laden with bureaucrat wastes of oxygen over your offspring
NGMI

>>28337976
It's a damn shame you didn't take the assets in your name and sell them off. Would have been a nice little payday and dickslap to your shitty dad.

>>28327687
>crotch spawns
reddit is that way

>>28335331
ffs this has to be one of the dumbest fucking posts I have seen anywhere

Colombian here.

My grandad was a shrewd businessman in his youth despite having very little education and was able to move his family from a little town into the capital of the country. He also bought a huge ranch in the countryside.

He was sick with Alzheimer's disease and eventually lost most of it. My uncles (boomers) were lazy and directionless and mostly allowed it all to be lost. My mom is among the few professionals in that generation of the family and was a wageslave in hospital labs before retiring with a nice pension that gave her a nice middle class lifestyle but not the possibility of having much more. She got me through the best university of the country thanks to that.

My dad never accumulated wealth for one reason or another and is kind of a failed man.

I got a good bachelor degree and an MBA but have found the good job market too difficult to penetrate. Thanks to crypto things are looking better financially, though

>>28347716

Nice counterargument, faggot.

>>28347422
Indeed. And most founders / rich kids I've met are smart, they just don't need to go into the rat race like the rest of people.

>>28346924
poor people are poor for a reason anon