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Anyone here ever been to RCA? Is it worth it ?
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Most expensive expensed dinner?
Anyone ever heard of Credigy?
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Yes but that is solely because of them! My parents gave up a lot to make sure that my siblings and I would be successful ❤️
Very impressive!
Yes, but my parents were white trash with various substance abuse and other addiction problems. So, they literally had nothing and the bar was super low. I grew up in a trailer park with various forms of abuse, neglect, etc.
I’m very thankful for my education, career and (now) chosen family.
adjusted for inflation? no
This
Monstrously. We're all immigrants, but growing up in the US is a huge advantage.
I am a 30 year old ivy-league educated Managing Director of Investment Banking at Goldman Sachs in San Francisco, California. I have a AB in Economics with Summa Cum Laude Honors, MBA with Summa Cum Laude Honors, and JD with Summa Cum Laude Honors from Harvard University. I received all my degrees at 24 years old because I graduated high school at 16 years old. I am a minority (African-American and Moroccan Male) and look more Moroccan. I have been MD for three years now and was promoted to MD at 26 years old. I just turned 30 years old. I am a revenue-producing individual and have the ability to create complex strategies for deals so that is why i made MD at 26 and will be promoted to partner when they make the announcement of the next partners at Goldman Sachs. My current total compensation includes a salary of 950k and bonuses and i make from 2 to 5 million a year with bonuses. It would be more but the pandemic had an effect on certain lucrative business deals. The partner status at Goldman Sachs comes with a 950k salary, access to private investment opportunities, and a cut of profits from Goldman's investment funds so I would be making outstandingly more money a year like 20 to 50 million or more depending on my performance. One senior partner made 100 million in a year from trading oil and gas stocks and making 1 billion dollars for the company. I come from a very wealthy family in Northern California and they live in the richest city in the United States in Northern California. They are billionaires and the rest of my family are wealthy as well. So I cannot say that I am wealthier or that they are wealthier than me because we all have a equal percentage of that wealth.
And double negatives are bad, Mr Ali Baba
Yes, but that’s because my parents are immigrants who didn’t break even until they were about 40 or so. I owe it to them to be more successful (at least financially) than them, otherwise what was their sacrifice for?
Yes, as JPMC1 said, without my parents and their unconditional support, I wouldn’t where I am today.
Hello no.
Gen z here, I have more wealth than what my parents have now. American dream is alive and well, all these young people my age are so scared of hard work and being uncomfortable. High paying career helped but most my wealth comes avoiding debt and acquiring assets.
Nope… my dad was a small business owner and a very savvy business person… but I do have more work life balance
Yes and I’m 26. NONE of it would be possible if it wasn’t for the sacrifices they made to get me here. My mom immigrated to the US to escape a civil war when she was my age… And my dad always worked multiple jobs to help keep food on the table. They did everything they could to help me be the first one in the family to go to college and to pursue a corporate career. I love my parents, i just want to make them proud.
Both my parents were abusive heavy alcoholic who only had debts to their names. It was their attitude to life that pushed me to do better. So in a messed up way, I owe them thanks, too. I earn in a day what they used to earn in a month back then.
Yes - I don’t make anything crazy but my parents worked hard for me and my siblings to give us a good life. I recently just bought my first house, mainly for my family and a place for my parents to grow old in (since we lived in apartments growing up). They moved in and it’s an awesome feeling, and although they are in their 50s/60s, it feels like a whole new chapter for them and they are excited to garden and do other cool things they could never do at the apartment.
This is a wonderful picture of a beautiful life. I always hope that I will be able to take in my mother when the time is right.
Yes. It would be interesting to hear how parents have responded to this.
SM1, that's because in their time everything cost a fraction of what it costs now as a percentage of income. Older generations cannot grasp how disproportionate costs vs earnings, inflation vs raises have become and are today from a livelihood perspective.
We have wealth but not happiness when compared to them 😬
Yes im 25 with 100k+ in investments my parents never had that at that age and i am thankful because they have helped me extremely!
Yes. At my age my parents had 4 kids and a $70k home in which they basically had little to no equity. My wife and I have 1 kid (plus 1 due next month), but have ~$675k NW and a home with over $200k in equity (plus a 2.875% 30 year mortgage).
Really thankful for all my parents did for me and my siblings growing up, though, so we try to help them whenever we can.
Taking account for time value it's probably about the same.
Yes but when considering inflation, no. Which makes me sad since the goal post keeps moving.
Yes, significantly. Blue collar, working class parents.
I’m the first in my family to go to university.
I’m a 1st generation college student too. The answer is still no because my parents could afford a house at my age on my dad’s blue collar salary.