davenlei
New member
MovingOnUp said:davenlei said:MovingOnUp said:so_scared said:rkp said:MovingOnUp said:davenlei said:Man, I wish I have rich parents to fall back on. I grew up ghettolicious and had to learn to make do with what I had and work hard to rise up. I am doing pretty well now but it does feel scary sometimes knowing the only parachute I have is the one I make.
If you're single it's wonderful, but once you're married/established, nothing to wish for. Think of it as a very expensive insurance policy in case of disaster. Christmas is the perfect example where you pay the premium.
This year, we bought my mom a bottega veneta bag vs buying my not so well to do mother-in-law a LV bag. Reason? After my first paycheck, I bought my mom a LV bag which still sits in her closet unused today. Not because of memories or cause it's special, but because she thinks LV is whatever. So instead, we always have to go extreme on her gift so she'll actually use/like it, whereas my mother-in-law will happily use the LV bag daily. And know that I can't afford to be buying bags from bottega.
So again, an expensive insurance policy against disaster. No disaster, no need.
you are horribly cynical...family is an expensive insurance policy?
15 minutes.....errr...15 inch bottega hobo bag...can save you 15% or more on disaster insurance. perfect!
lol...so scurred, aka it's ok to take money from your in-laws...so quick to pile on? I see reading comprehension fails you.
my response was to daven saying that he wished for rich parents so he could have a parachute and me trying to give an example as to why it's not all that. That's it. I wasn't saying that's all family is for nor was daven saying that his parents failed him by causing him much stress for being poor.
Do you get it?
Let me elaborate a little. Only reason I would want rich parents is for me to be able to take a more aggressive risk stance on business ventures and investments so if it blows up in my face, I would not have to tell the wife and kids that we lost our a$$ and need to live in a box (sans stucco).
Since I can't be aggressive, I sometimes pretend play the stock market and also look at what angle I would take when I see a hole in the consumer market. If I did go aggressive, I would be retired and typing this message from one of my properties around the world. But since I cannot, I am typing this message from my one house as I take a break from work. Sigh.
Trust me when I tell you this. Even if your parents were rich, you would NOT have taken those risks if you didn't already take them. Last thing you want to do w/ wife and kids is to go to your parents and say, "uh...I f'ed up, can't provide for my family cause I made a stupid decision to risk it all...so can I get some money?" So don't daydream about what could've been because it would've nevered happened...that's the truth.
When I was single as well as newly married (before kids) I took lots of risks. I won some and lost some but overall did fairly well. Once I had kids, that was a game changer. I did not want to feel like a total failure by ending up in a public bathroom with my son to sleep for the night while someone is banging on the door (scene from Happyness with Will Smith). Kids change everything.