/biz/ - Business & Finance

[Anonymous No.16426586]

Why did your parents fail to build generational wealth?

[Anonymous No.16426597]

>>16426586
They are absolutely horrible at managing money. Just abysmal . They spend and spend and spend and wonder why they're broke

I don't bother trying to teach them.

[Anonymous No.16426600]

Their parents were shitty and likely their parents before them. Same reason me and my children won’t.

[Anonymous No.16426601]

They had too many kids.

[Anonymous No.16426603]

dropped out of college because he found a job at a photography firm, they got rekt when digitization occurred. he only managed to get a job as a real estate agent because he is a 6ft white man, and has barely scraped by since then.

[Anonymous No.16426737]

>>16426586
everytime i see a anon post about receiving inheritance money i get depressed knowing that they have accumulated little to no wealth at all and living paycheck to paycheck

[Anonymous No.16426756]

>>16426586
my dad is a dumb goyim servant of israel who lost money in the tech boom of the 90s despite working in the finance industry with his master's

[Anonymous No.16426782]

>>16426586
Honestly my parents put too much faith in real estate. We were always house poor because my parents had 4 kids and bought a house they could barely afford. They have like 200k in equity but no retirement. Also my dad stopped being a tradie to start a business that hasn't ever been very successful because my parents know nothing about running a successful business.

[Anonymous No.16427221]

>>16426782
Sounds more like rather than a lack of faith, they just didn't understand real estate.

[Anonymous No.16427228]

>>16426586
Divorce. They wasted a 100k inheritance from my mom's father as well.

[Anonymous No.16427230]

>>16426586
my great grandpa is the reason i will never have to call somebody "boss" in my life. my grandparents and parents didnt do shit but neet it up.

[Anonymous No.16427236]

Makes me so mad that I have $12k in student debts and they just spent $30k rebuilding two classic corvettes.

[Anonymous No.16427237]

They had me when they were 19, then they had my brother and sister
Then they divorced, which really shot the small chance they had at building any wealth for their children.

They're doing well now, they have great jobs. But outside of insurance there isn't much /wealth/ to transfer at this moment.

[Anonymous No.16427238]

>>16427230
>nigger detected

[Anonymous No.16427248]

>>16426597
>this

[Anonymous No.16427253]

my parents fell for the dot.com meme xD

[Anonymous No.16427254]

>>16427238
how exactly?

[Anonymous No.16427259]

>>16426586
I have 4 siblings. My dad made good money and could have been a multi-millionaire if he didnt.

Having a big family is based though and better than generational wealth.

[Anonymous No.16427265]

>>16427238
>calls me nigger with divorced parents

[Anonymous No.16427270]

>>16427265
Divorced doesn't mean I don't know my dad, retard.

[Anonymous No.16427275]

>>16427270
>gets mad for no reason
my parents live happily together and dont have to work, just like i dont have to work, because of work my great grandpa did. so why am i nigger lol

[Anonymous No.16427283]

>>16427275
Because niggers don't work and live off of handouts.

[Anonymous No.16427289]

Because they're stupid boomers.

[Anonymous No.16427293]

>>16426586
because my mother divorced my Dad for the money.

[Anonymous No.16427296]

>>16427283
>mad hes not a landlord
stay mad and enjoy waking up to mr shekelstein to pay me on the 1st :)

[Anonymous No.16427299]

both of my parents had somewhat wealthy parents and they squandered their inheritance and left me with nothing

[Anonymous No.16427302]

>>16426586
Daddy has realestate worth over 1mm so he did alright. He's 70 I'm hoping he makes it another 10 years or so would be nice for him to meet my.kids. but he has built generational wealth, Sissy and I will inherit for sure more than $500k each

[Anonymous No.16427304]

>>16427275
I’d like to know what your great grandad did.

[Anonymous No.16427315]

>>16427296
I own and fuck being a landlord.

[Anonymous No.16427398]

My inheritance is comfy. I will be okay but I'm planning for and hoping that this is all decades away. Money won't replace the only people who will ever love you.

[Anonymous No.16427403]

>>16426586
My mother dropped out of college, met a guy who worked at a restaurant, married him after a few months, decided she wanted to join the army, cheated on her husband while she was in the army, my birth was the result of her adultery, divorced her husband, never bothered to develop any skills, was find to just stay in her very simple job without worrying about supporting me, we were literally homeless several times, would go out and buy fast food to bring home and eat herself without getting me food or making me food when i was a child, eventually i got older and started working, she lost her job and didn't even bother looking or developing skills for about 10 months of not working, just watched TV all day, eventually are homeless again while I am in university that I got into through scholarship, when i literally was malnourished from not eating she bought a $700 table because ???? just so she can put it in her public storage, i graduate and have a decent job, she moves with a relative, she gets cancer and i go into debt helping her out, she says she is looking for work after heals from cancer removal surgery but still doesn't have a job, tells me about the funny shows she watches on netflix instead of developing basic computer skills to make herself marketable for work, applies to minimum wage jobs, meanwhile i am living in a van because i am trying to get out of debt and get some money saved up, she keeps watching netflix and complains to me about the people living at the house she is staying with (yes, the person living in a house is complaining about how hard she has it to the guy living in a van for over a year), the owner of the house says she has to be out by the end of December

I really don't know what in the hell I am going to do, and I don't know how to uncuck myself

[Anonymous No.16427417]

>>16427403
to be clear, i didn't get into debt paying for cancer surgery, she got it covered through the VA, I got into debt helping her out because she couldn't work while she was healing so I had to pay for food and stuff, so the debt wasn't crazy large, but really set me back as someone who is just trying to get ahead in life

[Anonymous No.16427425]

They were bluepilled boomer professors. Dad died in debt and mom is racing to spend every cent remodeling the kitchen to fill a void

[Anonymous No.16427434]

>>16427403
I’m sorry you had to go through what you had to go through
Don’t know what to say but I am rooting for you

[Anonymous No.16427446]

>>16427283
What handouts?

[Anonymous No.16427482]

Booze.

[Anonymous No.16427511]

>>16426586
It causes weak children so they left all their money to the church and charities when they died.

[Anonymous No.16427513]

no balls af

i have cut off all communication with them and hope they cut me out of their will

[Anonymous No.16427547]

>>16426586
My mothers parents were teachers who had their life savings stolen from them by a scam artist in their final years. My dads mom had real estate that he is actively destroying through mismanagement. My dads dad was a poor wagie his whole life and my aunt stole all his money on his death bed.

My parents keep their savings in Americana memorabilia. My only chance is if they die before they can blow my paternal grandmothers inheritance.

[Anonymous No.16427569]

My mom actively states she's trying to leave me a wealthy man. My dad will probably leave me six figures in guitars cuz he's bad with money, but at least he's not actively sticking me with a check. The worst part is, by the time they're dead I'll probably be considerably wealthier than they are, even if crypto doesn't take off like I think it will.

[Anonymous No.16427602]

>tfw they did
What do I do with it lmao

[Anonymous No.16427610]

>>16426586
my grandparents worked a lot all their life so we can have some money saved, my parents enjoyed some of this money but I'll enjoy most. And I'll probably spend everything on crypto, weed and whores.
What a fucking failure I am bois right?

[Anonymous No.16427689]

>>16426586
Divorced when I was 8 and spent all their money trying to ruin each other in court.

[Anonymous No.16427716]

>>16427403
All you can really do is try your best not to make the same mistakes your parents did. If you do start a family with someone make sure you know their personality in and out and that you both are like minded when it comes to investing. If you have kids don't fuck them up by getting a divorce and living in poverty.
It scares me to think about supporting a kid without having money. I don't want them to live like I did wearing Walmart clothes and getting made fun of for being poor.

[Anonymous No.16427732]

anyone who wants inheritance from their parents admits to being a failure

[Anonymous No.16427759]

>>16427716
To add to this I have an aunt and uncle and two cousins who pretty much made it in their 40-50s

Uncle in the military who is a g6 and served 25 years and retired with a nice pension. The aunt who worked at the military hq making around 70k. They bought an apartment complex which they rented for a bit and sold when it became too much trouble. They get to go on cruises and vacations because military housing and everything is tax free. My cousins got free college because they paid out of pocket for dorms and everything. I imagine by now they have at least a couple million saved. Fucking sucks if you have shitty parents but what can you do.

[Anonymous No.16427946]

>>16426756
kek

[Anonymous No.16427967]

>>16426586
too many kids, bipolar mom with major health issues, remarriage merged incompatible families and destroyed familial financing opportunities

[Anonymous No.16427970]

>>16426586
They were liberal pot smokers

[Anonymous No.16427979]

>>16427299
I know so many boomers like this. They were handed everything and lost it with reverse mortgages and credit card debt

[Anonymous No.16427986]

>>16426597
This. Mine are fucking idiots and they wrecked my childhood because of it. Fuck poor people

[Anonymous No.16427998]

Granddad worked in Iran for an oil company in the 70s Muslim revlotion happened. They had to leave the county. He then owned 3 oil rigs in Alberta oil crises happened. Became an alcoholic drank the rest of his money away. My dad started a roofing make about 100k a year became a alcoholic killed him self.

[Anonymous No.16428008]

>>16427732
But you're a failure though.

[Anonymous No.16428025]

>>16427732
this
but on the other side of the coin, anyone who argues inheritance shouldn't exist / should be taxed deserves the shit life they have

[Anonymous No.16428030]

>>16428008
I'm not the one that has to be bailed out by their parents vie the "private mental disability welfare" scheme called inheritance

[Anonymous No.16428038]

>>16427998
Moral of the story: don't be a tradie.

[Anonymous No.16428039]

How do I get my grandparents' inheritance that they tried to lock off until I am 50 with?

[Anonymous No.16428041]

>>16428038
Tradie ?

[Anonymous No.16428044]

>>16426586
Boomer dad bummed around for 10 years playing in a band. Mother was a hippie drugged into mental illness. Neither of my parents had a real job until they were in their 30s during the 80s boom. Of course instead of saving money they increased their standard of living. Then they thought it would be a great idea to have children when they were nearly 40. Mother decided to follow her "passion" and dad got hit hard in 2008. They still have enough money for retirement by lowering their living standards again but also by reverse mortgage the house to ensure they leave their children with nothing but memories.

[Anonymous No.16428065]

>>16427716
>wearing Walmart clothes
Shut the fuck up nigger. You faggot soi bois all act like you need millions of dollars to raise a single child. If the kid isn't getting called poor he'll be getting called a lyer or snot nose. It doesn't fucking matter. Kids that get nice things aren't actually all that happier than kids who don't. In fact I'd say poor kids are usually happier more wholesome people than rich kids.

[Anonymous No.16428099]

>>16426586
because they never entered the rat race
fucking based

[Anonymous No.16428108]

>>16427403
Your mom is useless you saved her life she is an adult just leave you seem like a smart person you'll be fine without her.

[Anonymous No.16428110]

dad mentally ill, lives in Russia. mom an immigrant who worked her ass off with kids, has master's in music.
she came from nothing because of Communism and immigration.
even that, she has a nice place worth about 400k$ (crazy real esttae bubble over here) that me and my brother are entitled to.
probably sell and invest in developing country's real estate in 30-40 years if I don't make it by then in crypto

[Anonymous No.16428129]

>>16428065
>more wholesome
and there it is, the slave mentality
guess you wore walmart clothes, huh snot nose?

[Anonymous No.16428134]

>>16428110
damn you don't hear of many mentally ill fathers
mentally ill men tend to live solitary lives or die early
what is it like? do you have fond memories? do you pity him now?

[Anonymous No.16428142]

>>16428065
>Be poor as a kid
>Have to live out of a trailer park with minimal cooling and heating, or some other crappy living standard
>Parents are generally dumb as bricks and/or useless - if they weren't you probably wouldn't be poor
>Generally exposed to all sorts of fucked shit
>Unlikely to be properly treated if you have a mental illness or some obscure physical condition
>Probably won't have any positive role models
>Probably going to have a shitty education
>Likely forced to sit back and watch all sorts of shit happen around you, whilst you're completely powerless to do or change anything
>Fated to be a disgusting poorfag failure like their parents, has only themselves to rely on to try and get a good future
Yeah, sounds pretty fucking wholesome to me.

[Anonymous No.16428154]

>>16426586
Generational wealth is a meme
Your parents have the rights to spend their money as their wish

[Anonymous No.16428171]

>>16426586
spender
and uneducated

[Anonymous No.16428172]

>>16428154
nah the genetic pajeets of family lines should be forced to save everything but the bare essentials for the eventual fluke chad born into the family

its in the interest of the entire line to do it this way

[Anonymous No.16428184]

dad just wanted to fuck and feused to become a father when mom got preggo

[Anonymous No.16428196]

>>16426600
Checked.

Pretty much this. The things I've criticized my parents for I've ended up doing myself. One thing I will do different though is if I don't make it, I'm not having children. A way for me to 'end the cycle' so to speak. Don't want to have my children suffer the same terrible, unfulfilling life that I did.

[Anonymous No.16428221]

>>16427253
In 20 years our kids will post about their loser parents falling for the crypto meme

[Anonymous No.16428231]

>>16428221
>Implying any of us will have kids

[Anonymous No.16428236]

>>16427403
Im glad your whore mother has a shit life.
Sorry you got cucked by her whore ways tho

[Anonymous No.16428244]

>>16428231
speak for yourself subhuman

[Anonymous No.16428248]

>>16428196
same exactly
but the thing is that will probably hit us sideways too, it probably doesn't happen the way we think it does. we're probably gonna meet someone who makes us think they truly understand our upbringing and slowly but surely get lulled into security before the child itself causes a full blown rubber band reversion to all our problems and we wind up either divorced and miserable or with kids who hate us
good luck tho anon

[Anonymous No.16428328]

>>16426586
Feels good to be from a good family. I know my father is loaded and his father is even more loaded. Both redpilled and not goym

[Anonymous No.16428425]

>>16426586
bad starting conditions, family didn't like my mother, they had to start from zero, father worked for energy company and also did repair things in his free time, money was still short.

what i learned is how to live very frugally. plan to inherit my son a passive income

[Anonymous No.16428443]

>>16428244
Hes right virgin!

[Anonymous No.16428448]

>>16428134
mom left dad when I was 3, only remember the moment when i realized he wasn't coming with us. harsh memory.
met him again in 2017 ( I was 29), he doesn't bathe, smells like holy hell. apartment all dirty. he lives alone, does the same thing every day, plays chess at the park and eats at a social diner they have for the poor in Russia.
I don't pity him, I'm sick myself but taking meds. idk, I pity my mother. he didn't tell her he was sick when they married.
For 4 years she chased him around in hospitals until she had enough and left.
He could have came with us but decided to stay in Russia to look after his parents.
But my mom didn't handle well the whole "i left ur daddy in Russia" bit and decided to pass some fat cuck as my father to whom I had 0 connection to because he was an utterly useless and liked to molest little kids.
so you see kind anon, i'm a molested, mentally ill, addict betafag, but i'm trying to change.
i'm pretty handsome and i'm gonna start lifting soon. gonna be a chad, anon, i'm going to make it

[Anonymous No.16428480]

>>16428448

[Anonymous No.16428486]

>>16428248
With how things have been so far, I wouldn't be surprised if that's what ends up happening.

Good luck to you too fren. I hope we all make it.

[Anonymous No.16428500]

>>16428448
godspeed anon.
You can make it

[Anonymous No.16428519]

>>16428480
The only option is to admit someone like that can make it. Your other option is to say he will never make it and is just coping, in which case you have admitted to a self sustaining hierarchy present within humanity, in which case you most likely to do not exist at the peak of that hierarchy and will not make it either.

The secret third option though is turn religious, realize he will never make it because the physical world is evil, and start trying to troll chads into commiting suicide.

[Anonymous No.16428587]

>>16426586
pops is a libertarian
literally got audited for not paying taxes because reasons
that guy is also really really fat

[Anonymous No.16428607]

>>16428448
kind of weird that your dad stayed behind to take care of his parents when he can't take care of himself. i think it's really interesting that mentally ill men tend to just kind of be harmless dudes who are really interested in something they're bad at (im assuming he wasn't any kind of grandmaster chess player) and can't keep their apartment together

we have more in common than you think
my dad was black and not mentally ill but its pretty much just as bad
same on step family, tho it was an older brother for me
thanks for sharing anon. i believe in you. stay on your meds, hit the gym, we're all gonna make it at least a little bit further than our parents bro. and uh, idk, i hope things get better for your dad too. if he has the presence of mind to understand his situation, that must be a very hard existence.

[Anonymous No.16428620]

>>16426586
My parents both came from decently middle-class backgrounds, but they both pretty much fucked around in life until they had me around age 40.

Here's the other thing: my father's brother and my mother's sister were both far more successful. So both my parents were pretty the deadbeats of both sides of my family tree. And now I'm a deadbeat.

[Anonymous No.16428675]

>>16428607
Are you me?
test.

[Anonymous No.16428677]

>>16428519
>there is no hierarchy, there is a line after which you can say you made it. but first you need to cope and see where that line is compared to you.
i think no one truly copes without trying to make it shortly after

[Anonymous No.16428689]

>>16428607
thanks for sharing. we will make it, anon, just keep going

[Anonymous No.16428692]

>>16426586
They didn't.

[Anonymous No.16428700]

>>16426586
its basically a certainty to be born to parents that fail to build generational wealth, as the act requires you to outperform everyone else massively.
pointless thread.

[Anonymous No.16428735]

>>16426597
This. My mom makes $250k/ year and has no savings besides her retirement and a bit of equity in her apartment. She spends tons of money on expensive furniture, good food, vacations etc. Every time I mention it she says something along the lines of:
> "ARE YOU NOT GRATEFUL FOR ALL THE VACATIONS WE HAVE BEEN ON TOGETHER ANON??? DO YOU THINK THOSE WERE CHEAP??"
> N-n-no mom b-b-but that's kinda my point. Of course I'm grateful.. I'm j-just s-sayi-
> "WELL THEN MAYBE YOU SHOULD MIND YOUR OWN DAMN BUSINESS"
I'm 25 yo and my net worth is higher than her net worth lol... She could easily have had $2MM+ in stocks/ rentals at this point in her life if she had een saving just a couple % of her income.. My dad "only" makes $100k/ year and is bad with money..
Both of my parents seemingly don't understand why I want to be financially independant, e.g.
> "don't you have enough money now, Anon?"
> "You should spend some more money!!"
> "you should buy a nice car!!"
> "what's the point of having so much money if you're not spending it??"
And I don't even live all that frugally..

[Anonymous No.16428781]

My parents probably never even thought about intergenerational wealth. They were fucking boomers. Squander what their parents left for them, and leave a giant mess for their children to clean up.

[Anonymous No.16428825]

>>16428675
no, not unless you go by Stew
But though we are amidst strange beings, in a strange land and the flow of time itself is convoluted, the very fabric wavers, and relations shift and obscure, though there's no telling how much longer your world and mine will remain in contact, know you aren't alone on this playthrough. When you feel the pain, I'm there feeling it with you in jolly cooperation. We've got this.

[Anonymous No.16428866]

>>16426586
They didn't. But also not enough. Its only enough for a modest living and very real estate dependent.

But that makes it even harder to push for more.

[Anonymous No.16428889]

>>16426586
My parents uprooted their entire lives to immigrate here while I was a child while supporting not only their children but parents and siblings as well.

They've already accomplished so much, It's only expected that due to their sacrifice I now have the opportunity and the sight to recognize opportunities to build generational wealth. and I won't fail them.

[Anonymous No.16428914]

If you faggots are white you need to have kids or the planet leading 1st world existence you're in here boohooing about will be a thing of the past for everyone. Kid's make you a better person, and make your life better.

[Anonymous No.16428940]

>>16428914
If you care so much about that why not just have sex yourself, incel.

[Anonymous No.16429006]

>>16427259
You just need a big family + primogeniture. Best of both worlds.

[Anonymous No.16429447]

>>16428129
>>16428142
>be rich as a kid
>be taken all over the world on fancy vacations
>fighting the neighborhood kids with sticks in clan wars was more memorable
>parents are generally dumb and useless
>can't fix a car
>can't fish
>can't fix a fucking clogged toilet
>generally exposed to all sorts of fucked up shit
>unlikely to be properly treated if you have a mental illness
>won't have any role models because everyone is beneath you in status
>implying education matters at all
>implying rich kids are powerful to change anything in their lives
>implying wealthy parents leave their children inheritance

Just because you had a shit life doesn't mean its because your poor. I also had a shit life. My parents are fairly wealthy but i never got to see them. They are useless at everything but spending money. You can't teach a child to become a lawyer. Half the shit you said is just a product of the times. Role models? Role models don't even exist anymore. No child has ant control of his situation regardless of their parents wealth.
Again you don't need to be a millionaire to raise children you dumb soi boi. Your exactly like those Mexican mothers who grew up hungry and end up feeding their children into obesity.

[Anonymous No.16429454]

>>16427403
Holy shit

[Anonymous No.16429455]

>>16428129
How is it slave mentality to be a more wholesome person? It just means you are happier and more fulfilled in life. You keep bitching about slave mortality all over this board. Babies first greek philosophy? Read the ideal citizen.

[Anonymous No.16429468]

>>16428196
>>16428248
>>16428486
Your both cringe plebbitors. Stop posting and lurk more. If you don't have children by 30 just don't do it.

[Anonymous No.16429476]

>>16428500
>le godspeed
FUCK OFF YOU FUCKING CANCER

[Anonymous No.16429489]

>>16427403
Damn bro. If this is true, be strong, keep going, you are gonna make it. Don't stop.

[Anonymous No.16429491]

>>16427403
Everyone who replied is a plebbit faggot. Just tell your mom she's a whore and unless she starts putting out for you, you won't support her anymore.

[Anonymous No.16429509]

>>16427403
Fuck bro hang in there. The amount of willpower you have is going to get you far in life, never give up

[Anonymous No.16429530]

My good natured mother trusted my father to provide, which he did, but that's literally all he did. He did not save or invest anything his entire life, the most money he ever had at one given point was $2,000 and that's just recently at the ripe age of 73. He loves his car payments and being in debt, loves using RVs and cars as status symbols while being absolutely broke and dependent on Social Security and pension payouts.
In his defense he had a shitty abusive step-father who stole money from him from the age of 13 to his late 30s, he cites not being taught to invest and save as why he never explored the idea. In truth he simply does not comprehend value, interest, or money and I absolutely despise his mentality of "I don't care about money or preparing for the future"
I tell him that what he puts out will come back to him, that his lack of caring for the future of the family is why the future family will care little about him, how the money I made a decade ago was saved deliberately for my unborn child.

[Anonymous No.16429531]

>>16426586
Remortgaged the house to buy cars and vacations. Got foreclosed.

[Anonymous No.16429549]

>>16428587
based

[Anonymous No.16429558]

>>16426586
Communism

[Anonymous No.16429560]

>>16429491
Based 4chan poster

[Anonymous No.16429570]

>>16429509
>yo bro like fuck man dude like bro thats hard bro
Im really getting sick of you faggots. Is this a glownigger operation designed to make me a mass shooter? Its working.

[Anonymous No.16429590]

>>16428030
Stop talking like a poorcel. If your parents were responsible theyd leave you something.

[Anonymous No.16429591]

>>16427417
Just remember. Having a child isn't special, she's just a cunt that had a kid. Just a person. Drop her from your life and never look back. Then start your own family fresh with the lessons you've learnt. Cut off the rotten flesh.

[Anonymous No.16429600]

My grandfather was religious. Believed God loves the poor so he
would always give away any free money he had to charity or homeless he could find on streets.

[Anonymous No.16429601]

>>16428244
Birthrate at record low

[Anonymous No.16429639]

>>16426586
My dad had a really high paying job. He bought a vacation home and sold the family house(instead of renting). He said the banks still owned the house after he had lived there for 20 years already. The house's value had appreciated 3x. And casino gambling, cruise ships. When I was very young my parents always said I'm on my own and they will give me nothing. They had every opportunity in the world to have a fat passive income and be set for life, but my dad is a fucking retard and my mom is a spoiled brat stay-at-home wino. Also new cars, giant TV's bought every couple of months. Eating out every night. At some point I realized I would never have a third of the money my parents fucking wasted.

[Anonymous No.16429653]

>>16427236
>Gotta learn the value of a dollar

[Anonymous No.16429676]

They didn’t. I have a dad who is a dentist and a mom who is a dentist. I didn’t go into the medical field but business. Will manage and handle their dental offices in the future. My two older brothers are also dentists like our parents and will inherit their offices. It’s a whole family business. Not giving your children anything is cruel. I’m glad I had great parents. Reading some of the stories here makes me realize I should be grateful.

[Anonymous No.16429693]

>>16426586
They grew up in a commie shit hole Eastern block country got engineering degrees than came to the US to work in factories while boomers here got 6 figs just existing

[Anonymous No.16429739]

>>16427403
Cut your cancerous mother out of your life

[Anonymous No.16429771]

>>16427610
Yes. Don’t squander it

[Anonymous No.16429790]

They did, but then divorced.

[Anonymous No.16429792]

Dad was a combat veteran with ptsd and a really bad drinking problem. Mom was a schizophrenic with poor long term planning skills. It was always one step forward two steps back.

My own bad decisions aside, best I can do now is live a quiet life and let the cycle of trauma end with me. Help others realize their potential while I live my life with a sense of lightness.

[Anonymous No.16429803]

>>16429792
I like sparrows anon

[Anonymous No.16429843]

>>16429803

They live in the moment like a nice breeze on a spring day.

[Anonymous No.16429861]

>>16429843
also chinese communists hate them

[Anonymous No.16429992]

>>16426586
Caribbean cruises and disco lessons were much more important to them in their compounding interest years.

[Anonymous No.16430017]

>>16426586
My mother is a stay at home wife and my father had the typical boomer mentality even though he is a Gen Xer.

[Anonymous No.16430039]

>>16427299
>be me
>paternal grandparents obscenely rich. I’m talking old, southern aristocracy. Owns absurd amounts of land that they rent out for income.
>parents talking about selling all of the land when they get it and spending the money, probably on cruises
>I try to explain to them the value of land ownership and income-producing assets
>”Why not spend it? It’s not like we can enjoy it when we’re dead, right anon? Haha”
Just kill me now plz

[Anonymous No.16430064]

Because their parents were literal niggers on a plantation.

[Anonymous No.16431211]

>>16426586
Actually my dad is quite wise- he's raised me to manage the wealth after he passes. He's worried my mom is too nice and will fall for scams.

[Anonymous No.16431247]

>>16426586
They were born into a communist country and spent at least 25 years living in that system. Most people didn't understand capitalism, personal finance, and the like.

[Anonymous No.16431260]

>>16426597
>I don't bother trying to teach them.
>implying you could

[Anonymous No.16431273]

>>16427236
>why do i have to pay for my own college while my parents get to enjoy the fruits of a lifetime of work

I hope you spend 50k in college and end up at a macdonalds agyer graduation faggot

[Anonymous No.16431325]

>>16427403
Cut her out. You are a hero.

[Anonymous No.16431341]

>>16427998
don't drink

[Anonymous No.16431364]

My dad worked in a tire shop when I was born, went back to school and became a lazard dude.

He made a good life for us, but just got wealthy way too late in life to build anything.

Oh well! Still impressed with him, and I'd be a layabout piece of shit if I had generational wealth.

[Anonymous No.16431368]

>>16426586
So that I could succeed

[Anonymous No.16431369]

>>16427403

Christ almighty. That was the most painful thing I've ever read. You just wrote an 800 word run-on sentence using like 65 commas. This is why you're homeless.

[Anonymous No.16431381]

>>16431369
This but unironically. People who don't understand punctuation first to go on dotr

[Anonymous No.16431388]

>>16426586
My dad was a spoiled piece of shit Boomer that cared more about material possessions than his own family. Saved no money and bought stupid shit on credit. He went from having a large home that was paid off, nice cars. and a beautiful yacht to being in his late 60's working at a large hardware store chain. And yes, they make him wear the apron. My parents are divorced and neither me or my siblings ever speak to him. Fortunately, we all have good jobs and my mom had a retirement fund , but he has nothing. We stay far away from him.

[Anonymous No.16431403]

>>16428735
Well, at least you might inherit some nice things, as long as she isn't putting her entire paycheque up her nose.

[Anonymous No.16431435]

>>16429739
Poetic

[Anonymous No.16431522]

I was born in Eastern Europe in 1991 just after the collapse of the USSR. Nobody had any wealth as far as I know.

[Anonymous No.16431542]

>>16427230
greentext pl0x

[Anonymous No.16431586]

>>16427403
Spank her each day
Spank her harder each day
Then start removing her clothes each day
Keep upping it until she gets with your programme
You're the man now, dog

[Anonymous No.16432103]

>>16427403
I am going to tell you something that you have harbored deep down but you are afraid of admitting: you do not owe your mother anything. She brought you into this world without truly assuming responsibility. You have your own life to live. Save money for yourself, get out of debt for yourself, invest for yourself. You have not given up yet and if you learn to focus your energy towards making it and living your own life you will be rewarded.

[Anonymous No.16432146]

>>16428700
How so?

[Anonymous No.16432175]

>>16426586
Wow you guys made me realize my upbringing wasn’t that bad

[Anonymous No.16432208]

>>16432103
This

[Anonymous No.16432248]

>>16426586

They were poor immigrants who embraced the boomer lifestyle. The found success but failed to realize it was short lived luck and wasted their earnings keeping up with the Jones'. Dad got wiped out in the dot com bust with zero savings, mom manage to find stable work, but became greedy and used the fact that she was the only one with good income to put everyone down, destroy family cohesion and went into massive debt trying to keep up with the Jones' on her own income. Keep in mind she was a poor farm girl.

The family is now broken, everyone save for me is in massive debt and living paycheck to paycheck. My brother has a wealth building mindset. when the time comes I'll bail him out and maybe we can co-operate.

[Anonymous No.16432394]

My maternal grandfather left a house I and my parents are currently residing in. My pops works in the medical field and made enough money to myself and 2 other siblings through undergrad, my sister is on her own for med school. But my parents are in debt and have no retirement money.

Luckily for me, this is more than enough to build generational wealth on since I can save my money to throw into crypto (i.e. chainlink!) for both me and my parents. My parents didn't teach me shit about money, only that I need to learn about how to make money from hearing their fuck ups, but I'm still eternally grateful to be in my position and it doesn't bother me to see people here talking about getting insane inheritances. Someone has to be the one to build the wealth, whether it's cultivating the environment for your little ones to thrive in, or being the one who actually made the money. One thing I will do is teach my future kids the value of money because apparently my grandfather was an incredibly wealthy man but none of his businesses passed on to his children, nor his entrepreneurial skills or knowledge.

[Anonymous No.16432487]

>>16426586
Mine are very wealthy but we've always just treated it as a shared pool of resources. I don't spend their money though, I barely spend money on anything apart from investments (crypto/equities). my sister has no interest in investing so my dad and I manage her investments for her

Currently been building up my own networth to add to theirs. Obviously this only works if you're a close family and one of you isn't a sneaky greedy kike.

[Anonymous No.16432514]

>>16426586
Both of my parents got the short end of the stick in terms of genetics so they were vulnerable to making bad choices.

[Anonymous No.16432582]

mine didnt ,they got screwed over by their relatives(both didnt inherit shit)and they still paying off the house of my grandfather that lost all his money on stocks before he died.

[Anonymous No.16433177]

>>16426597
My dad started three college savings accounts for myself and my two brothers when I was 12 and promised to add $100 to it every month until college time and an additional $100 every time we contributed anything.

Then, when I was 15 and wasn't putting anything in my college fund because I was a fucking teenager who enjoyed having a little bit of spending money for the first time (not to mention buying groceries for my family at the end of the month when my parents had spent all of their money), my dad was pissed that none of us were contributing and ended up liquidating all three accounts to buy himself a car under the justification that it would go to the first child to learn to drive it (and when I did finally learn how to drive, he never gave it to me).

I still struggle with the financial habits my parents instilled in me to this day, though not living under their roof makes it a hell of a lot easier.

[Anonymous No.16433429]

My father lived the boomer dream.
>Granpa was a wealthy landowner
>Granpa dies while my father was in his 20s
>Literally inherits land and money needed to live life lavishly
>Gets a degree and education because Granpa invested in the local University
>Literally handed his wife (my mom was hot back then) because of his wealth, my father was balding, wore glasses, and was skinnyfat
>""""""""""""worked""""""""""""" a no-show """""""job""""""" at the University
>vacationed all the time
>start losing money to gambling, and alcohol
>now living in a fucking small ass house in the middle of nowheresville mid-west

The boomer lived his dream and tore apart everything he was handed, I have to slowly save up from scratch and hope to get lucky.

[Anonymous No.16433466]

I'm an abandoned bastard child.

[Anonymous No.16433481]

>>16427403
you've done more than enough for her

move on and let her sleep in the bed she makes for herself, you have your own life to live.

[Anonymous No.16433559]

>>16426597
this. my grandmother actually borrowed money against a paid for house just to go on shopping sprees. ended up losing the house and almost became homeless for a time.

[Anonymous No.16433579]

>>16428519
>doubles down on an even bigger cope

[Anonymous No.16433600]

>>16428620
>age 40
No wonder this place is autistic.

[Anonymous No.16433608]

>>16428689
That's what I said in my early 20s too. I'm 32 now.

[Anonymous No.16433642]

>>16428735
>combined income of 350k
>still functionally poor

[Anonymous No.16433816]

>>16429639
>When I was very young my parents always said I'm on my own and they will give me nothing.
Why do psychopathic boomers do this? Why do they just idly have kids and then put no effort into them whatsoever, when it's an opportunity to give a person an amazing life? Do they feel that the mere act of shitting out a kid will fill the void in their empty lives?

[Anonymous No.16433842]

>>16429693
Sounds like your parents were just fucking stupid.

[Anonymous No.16434023]

>>16426586
Divorce, and buying a house outright in cash, instead of mortgaging and collecting interest on the lump sum.
300k down the tubes, much much more in lost potential.

Parents never bought a single share of anything in their lives, the most they put their money to work was with bank savings accounts. Terrible. I know.

[Anonymous No.16434119]

>>16428735
It really boggles my mind. They are functioning niggers with zero foresight. How did this happen. I always thought that people who save money were the majority. Until the past couple years from personal experience it never really hit me just how absolutely fucking retarded 99% of the population is. This is like getting obese on your excess food harvest retard tier. How have these people managed to remember to breath in the morning?

Its really fucking sad because these retards are making decent money and spending it all whereas anons here who are actually somewhat intelligent and understand how capital works in your favor are stuck working shitty low wage jobs.

I refuse to believe jews are the only people with long term financial planning like this. It doesn't make sense. How the fuck do these desert rats intrinsically know to think long term where Europeans who have historically gone through winters that last half the year can't see beyond their next paycheck? Is it just the nigger blood in Americans or do all normalfags/goyim/cattle/retards do this?

[Anonymous No.16434150]

Has anyone done any research on this because now i'm really curious. Did the generations before boomers save money and capital? They had to have right? Experiencing something like the depression had to have made them think about saving money right? I know personally my grandma always saved money and was always stingy and wanted to make various investments ect ect.

[Anonymous No.16434160]

>>16431369
>>16431381

[Anonymous No.16434268]

>>16433816
Lurk the thread before posting newfag cancer. Social security has destroyed the reason for having children. Children are just pets to boomers. It really is something boomers did just to keep their marriages functional or because the wife was starting to go insane. This is why they all have children in their 40s. My mom had me at 47. Can you fucking believe that. They thought i'd be a perfectly normally functioning human despite this. I was even diagnosed with dyslexia but i'm positive its autism.

They're all delusional retards who think they made it on their own and their life isn't the direct result of their parents actual hard work and war gains. This is why they think the kids these days should be able to make it just like they did despite wasting their 20 and 30's away binging drugs at woodstock.

[Anonymous No.16434416]

im grateful for my parents and all and i love them but i wish they never conceived me. its better to have never been

[Anonymous No.16434483]

>>16426586

My parents actually made a lot of money. They've got several million in shares and bought a small business (10 employees), which they get $100,000 a year off in profit.

I'm never going to see any of it though because they'll live to be 100 easy. They eat super-healthily, go to the gym every day. Best of all, they dislike the idea of trust fund kids and want me to make my own money rather than leech off them.

MFW I got given great genes, a first-class education at a private high school, went to a top uni and will still fail at life because of my autism in social situations.

[Anonymous No.16434484]

>>16429468
Go fuck yourself faggot.

[Anonymous No.16434500]

>>16427403
Markus?

[Anonymous No.16434515]

>>16427259
Fuck no. I’m never having kids and I’m spending every fucking cent I make.

[Anonymous No.16435250]

My bipolar mum dated a junkie for 10 years and had a kid with him. Taught me 0 life skills, just bought me vidya with her neet bux to keep me entertained as if that would somehow pass as good parenting. Thats all I'm willing to share.

[Anonymous No.16435278]

>>16429468
Neck yourself you stereotypical fuckboy.

[Anonymous No.16435315]

>>16426586
>they did
>>I lost it all on shitty investments like chain link and third tier bitchy wife

[Anonymous No.16435336]

>>16426586
Oddly enough my mother who grew up abused by her parents has a very good job, is building wealth, etc. Meanwhile my dad who comes from a family of generational wealth inherited money and pissed it all away on typical boomer memes.

A shame, he's easily taken advantage of but is genuinely a good person.

[Anonymous No.16435346]

>>16426586
Mine didn't. Dad's side inherited the family farm from great-granddad, split four ways (he had three siblings). The siblings blew it all, but my granddad saved, got a degree, worked his way up the corporate ladder, and made a lot of money. My dad wasn't given anything by his dad, but nonetheless managed to work hard, save, and all that. My mom's side is a bit more iffy, but my maternal grandmother is pushing $10 million in stocks right now. My understanding is that she plans on donating it all to environmental causes and animal shelters though, rather than giving it to her children. Oh well, either way, I'm doing good.

[Anonymous No.16435366]

>>16431369
>>16431381
xD

>>16434500
No

[Anonymous No.16435457]

>>16426586
My mother spent 17 years completing her undergrad, went back and paid out of pocket for grad school, then went back again to do another grad degree she never completed. She teaches high school.

[Anonymous No.16435559]

>>16435315
>lost money on LINK
I'm sorry, but you're just low IQ. You were doomed from the start.

[Anonymous No.16435583]

>>16426586
They came from a rural Latin America farm area. People don't make a lot of money there due to limited opportunities. This goes back generations for my family. I'm the first to be in a position to really invest into anything so I"ll be starting the generational wealth. And fuck no, I won't be giving handouts to any my children or grandchildren. I'm HODLing LINK right now. If my kids are good, I may give them 1-2 LINKs depending how generous I am when I'm older.

[Anonymous No.16435618]

>>16435583
Don't have kids you fucking faggot.

[Anonymous No.16435660]

>>16435618
Sorry lad have to. Tough times build tough people. The US is being influenced too much by trust fund liberals who have no idea how the real world is. They need to have peers to influence them in the positive direction.

[Anonymous No.16435832]

>>16426586
They are literally retarded.

[Anonymous No.16435865]

Their children are bigger cash cows than anything they could do.

Father raised 5 doctors despite him being a wagie.

[Anonymous No.16435896]

>>16435660
Your kid will just work as a janitor for those trust fund liberals and then just spend the rest of his life on 4chan being depressed.

[Anonymous No.16435909]

>>16435832
this
listen to this based anon

[Anonymous No.16435958]

>>16426586
>Why did your parents fail to build generational wealth?
Not sure how much wealth my parents have. Home owned, mortgage paid, around 300k work, and an unknown ammount on stocks and boomer shiet. Probably gonna suplement my 400k in crypto when they die. Sadly a 50% inheritance tax which will probably be bumped to a 100% in my lifetime (Spain)

[Anonymous No.16435966]

>>16426586 (OP)
>Why did your parents fail to build generational wealth?
Not sure how much wealth my parents have. Home owned, mortgage paid, around 300k worth, and an unknown ammount on stocks and boomer shiet. Probably gonna bump 400k in crypto to over a milion when they die. Sadly a 50% inheritance tax which will probably be increased to 100% in my lifetime (Spain)

[Anonymous No.16435984]

>>16426586
Only my little opinion. Each generation spends more and has a more luxurious life which they don't even deem luxurious because they grow up in comfortable conditions so that their lives seem normal to them. People get spoiled and don't even know what living a bad life even means anymore. They don't appreciate how good they have it. Entitlement is all the rage. But then again, there are other factors. For example, some fucked up rich fucks from Western Germany bought up the industries in the Easter Germany after the fall of the Berlin Wall and destroyed the economy in the East Germany to show that communism/socialism can't function. By doing that they destroyed the wealth of many people at the same time. Or another example. After the Western countries destroyed the Sowiet Union, millions of people lost money because it was devalued overnight. Some people had equivalents to tens or even hundreds of thousands of Dollars. Generational wealth gone instanly. Millions of lives harmed, some even destroyed.

[Anonymous No.16436165]

Gentlemen, it was a pleasure reading this thread. Every single post.

[Anonymous No.16436490]

>tfw elder millennial
>parents both worked full time during late 70's to early 90's when the dow was 3 digits
>they're both poor and underwater on their mortgage

I literally don't even understand how this is possible but here I am

[Anonymous No.16436562]

>>16426586
Grandparent had many many acres of land, government stole it all and built villages on it.

[Anonymous No.16436575]

>>16426586
They didn’t

[Anonymous No.16436834]

>>16426586
>Parents ran successful business
>Lived in a 2.5 million house on the beach
>Had 3 warehouses worth 4-6million total.
>Father hooked on opiates and other drugs and fucked up entire business due to his addictions
>I was 15 when they started losing everything
>20 now living with my grandmother
>Family torn apart

Thanks dad

[Anonymous No.16436866]

>>16426586
Came from a corrupt country,village known for crime and they didn't go to school.

[Anonymous No.16437686]

>>16428735
Lmao that's how my mum talks to me exactly whenever I bring up her awful spending habits, even when I'm nice and gentle about it. Just completely defensive. Probably because she knows she's retarded.

[Anonymous No.16437713]

>>16430039
UH OH LOOKS LIKE SOMEBODIES GETTING DEMENTIA

[Anonymous No.16437749]

ha! I love reading every word of these crybaby stories! me? I live off my parents wealth while making 3-6k a month day trading. easy as cake.

[Anonymous No.16437753]

>>16426586
Well they didnt but they are still alive so its not generational yet

[Anonymous No.16437764]

>>16426586
I've been raised solely by my mother since my father passed away when I was 5 and all if our money went to treat his cancer. I started working in boating since I turned 18, and thanks to the fact that we had connections to boating and my years of doing sailing as a kid payed off.
I've been trying to build wealth from nothing, if I had no connections I don't know what would I do with no way getting into college.

[Anonymous No.16438421]

>>16426586
my parents failed to build me into a functional member of society

[Anonymous No.16438427]

>>16426586
boomer boats and trucks.

[Anonymous No.16438977]

>>16428196
>>16428248
>>16429468
I think 35 and under is fine. After that, though, you'll be too old to have energy to raise the child properly. I'm also not having kids, though. Multiple ex-GFs have wanted kids, but I'd rather focus on my work, hobbies, and travels. I'd much rather make close friends, go camp together, have potlocks, travel around with a GF, etc., than deal with raising children for 18+ years in the burbs, a white collar wagecuck surrounded by normalfags and complacent consoomers the rest of my life. I don't need a mini-me to feel purpose or drive.

[Anonymous No.16439023]

>>16426586
My father was expecting the world to fall apart and he was too redpilled for his own good. He never compromised himself to make more money, he lives a monk-like existence.

Despite what you may think from that, he's a great man and I love him dearly-- I hope I can do well enough to take care of him since he has no retirement plan to speak of

[Anonymous No.16439172]

The thing with boomers is they have no ability to think into the future. Their entire lives were based on buying a white picket fence house made of cardboard, producing mini versions of themselves, and consooming. They centered their lives around mundain, no challenge wage cucking, Black Friday sales, and network news. They lived isolated bubble lives, while coporations grew to epic sizes, and governments became increasingly corrupt, dated, irrelvant, and violent. Any problems they tried to fix with voting, and a "let someone else take care of it," attitude, despite knowing the politicians were corrupt. They took all the luxuries of the post WWII boom and large inheritances, and decided to live it up, instead of passing it on, while simultaneously destroying everything the previous generations built and turing it boomer mass consoomer world.

Now the world is on the brink of economic, social, and environmental collapse. The amount of cuckery our generation has to go through to afford a house in any area with a decent economy and good jobs is massive. If you go to college, you end up hundreds of thousands in debt for a Powerpoint slide education. Things will get worse and worse, and boomers will keep coonsuming, and they will expect us to take care of them once they blow through the money they inherited and the economy has collapsed.

The sooner we push boomers out of the workplace, cut their pensions, crash their markets, and refuse to buy their cardboard silos, the betters. Let them taste a fraction of what their children will battle with their whole lives.

Of course if you want to do this, you have to avoid being a boomer and a consoomer yourself.

[Anonymous No.16439194]

I just started to read this thread (about 10 posts in) and I already feel depressed.

[Anonymous No.16439203]

>>16427403
>supporting a retarded whore just because she fucked some guy and gave birth to you
cringe and bluepilled