Quote from: monsta666 on Mar 17, 2025, 01:20 PMI can say with confidence if your parents are rich enough then you don't need to work nearly as hard. In my line of work I see many of the rich simply live off the proceeds from their investment funds which was setup by their parents.

The piglets can start their projects using funds from the family wealth but whether it succeeds or not is immaterial. They are set for life. That extra cushion also allows the piglet to take bigger risks so if they do strike gold they can really make it big. Got to remember there is a cottage industry now in managing the family portfolio of the uber wealthy. Banks make ham by luring the pigs into their books. It really is that easy for the very rich.

People just don't want to admit it and would prefer to think your level of wealth is reflective of your moral character. That is a load of bollocks.

Maybe 'moral character' should subsume Intelligence, political beliefs, religious beliefs and other personality traits. Those are not linnear relationships though.


The trust or fund managers you speak of managing money of an idle heiress would be useful in countering the chinese belief in one generation building a fortune and the next squandering it. Maybe its the third generation, I forget. It was explained to me by my chinese flatmate. A foreign student with wealthy parents who had indeed built up wealth from scratch. He had a nice car for a student and I would hear him arguing with his mother on the phone in chinese, for more money. no free face to face over internet then, those 'trunk' calls going half an hour were 4$ a minute. Interstate calling was 2$/minute. For perspective, rent in the 2 bedroom apartment was 70$/week.
He would gamble on soccer matches and other chinese guys in the complex would get him further and further into debt. When I said he should just stop and pay them off week by week, his answer was this chinese generation of building it and generation of blowing it.

There are still a lot of off the boat immigrants who both send money home and save and invest, then end up with a Mercedes and mansion. They have community and rely on it for crowded accommodation, not one person per apartment in the initial building stage. Then they hit their kids in the head with a text book if they get an A for average.

I asked one young guy under 25 if he knew much about buying crypto and he said no idea. Not coincidental hes spent thousands on tatoos, is Anglo and buys his lunch at shops.

Its definitely getting harder by the month now with runaway inflation to save anything, let alone sleepwalk into the American Dream, but there is a hell of a lot many people could do to have more later and less right now.

 Everyone paying 15-20$ a week gym memberships to walk on a treadmill or lift light weights can walk on the ground or do pushups, chinups and situps. buy or borrow weights if you want to be hulk. People with new cars every 3 years can keep them going 30 years and invest the money saved on car payments. Look at all the nail salons, where the skinny asian asses doing the gluing and painting are going to end up ahead of the fat asses sitting across from them.