Reply To: Reply To: Riches to Rags

#30472

JGW
Participant

I also come from a family with a long history of wealth. My father also lost much of his legacy through a bad investing decision, so I’m now doing my own work to rebuild it. There’s an old saying: ‘Rags to riches to rags in three generations.’ What that means is this: no matter how high up the ladder you start, if you don’t have the skill and guts to succeed on your own, the family money won’t do you any good at all. The only people who succeed with inherited money are people who could have succeeded anyway. So, I would work at what I had to do to make end meet and get ahead. If I’m down so far that this would mean flipping burgers, then I would flip burgers. So far, I’ve been able to make a better life for myself than that.

User Detail :  

Name : JGW, Gender : M, Sexual Orientation : Straight, Disability : Deaf, Race : White/Caucasian, Religion : Atheist, Age : 35, City : Seattle, State : WA, Country : United States, Occupation : Architect / Real Estate Developer, Education level : Over 4 Years of College, Social class : Upper middle class,