{ "media_type": "text", "post_content": "Folks from wealthy families, let's say household income of 400K+, what did your parents do? Do you aim to reach that same level?", "post_id": "57d86c73157adc0f002daf7e", "reply_count": 65, "vote_count": 27, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
null

Folks from wealthy families, let's say household income of 400K+, what did your parents do? Do you aim to reach that same level?

like
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

Dad is a veteran and mom housewife. Dad was forced to get on pension because of an almost fatal accident on the runway. So I haven't known much of material pleasures. But what I lacked in material pleasures I gained in travelling and being outdoors. You will be surprised how much fun can be had with very little. I already earn more than 5x my parents. But given that I want to make sure that my parents have everything that they ever wanted (or couldn't imagine) plus our desire to travel plus our desire for keeping the future of my kids financially, I'm not sure what's a comfortable amount

like

Dad came to the states when he was 15. Worked at a gas station and a couple odd jobs here and there and dropped out of high school. Now has his own HVAC business. Mom dropped out of college to become a casting director (worked with Michael Jordan pre-Space Jam) and is currently known as Chicago's top wedding makeup artist and has her own line of cosmetics. Parents always taught me the importance of having a good work ethic and I hope to instill the same values for when I have kids. Dad still says to me on a regular basis "I can't believe they pay you to work on the computer from home"

like
Recent IconRecent

My father was a truck driver and my mother a waitress, so I don't have a clue.

like

My parents were both wildlife documentarians, so we traveled around a lot. Between you and me, something AMAZING happened... I rescued a shaman one day and he gave me the ability to talk to animals- it's really cool, but totally secret.

like

Dad was cabbie and then postal worker, mom worked in a hospital as a lab tech. Started from the bottom and I still ain't no where

like

Dad is a partner at a big 4 firm...was never home...I joined the family biz to try to prove to him that he could have done both

like

Interesting to hear, I myself came from a middle middle class family. Never wanted for anything but definitely unimpressive in terms of material possessions. I'll probably surpass my parents within 5 years, but ill still never be as great as them.

like

Attorney and healthcare exec. They taught me to save early, pay down debt, prioritize "fun" spend by what was important to me (travel, fun cars, etc), and don't keep-up with the Joneses because that's always a losing scenario. Based on that, I'm already on my way to achieving it.

like

Dad was CEO of Fortune 500. $10M+ peak earnings. Want to also become CEO but my trust fund is big enough that I don't have to work a day in my life... Grinding it out a big D feels good cuz its voluntary and I'm killin' it

like

Household income of 500K. Dad was a doctor and mom took care of the kids. And there's no way in going to reach their level unfortunately, even though that's the lifestyle I'm used to and that's the same lifestyle I want to expose my future children to.

like

Better to measure family wealth in net worth, isn't it?

like

Mom - High up in major bank, Dad - stay at home/volunteer

like

Sold illegal drugs

like

Mom was a college prof, dad was consultant 🙈 I have no idea how he did it for so many years

like

Dad is a theoretical physicist, mom a poet. My parents have no idea what the business world means in reality. I can't compare tho intellectually. my Income can't be compared to the nature of dark matter. Also i want to learn how to talk to animals.

like

Our family was wealthy with love.

like

Dad is a retired police officer and mom is a retired nurse. Watched both save aggressively, pay only with cash and pay everything off in full ASAP (homes, cars, etc.). Both are retired and living on pensions, traveling a few times a year and very happy.

like

Dad - Private investigator and lawyer, mom -consultant, honestly I couldn't care less if I made as much as them I just want to enjoy what I do

like

Pretty cool seeing the vast diversity in parenting that lead to us all doing basically the same stuff. ✈️💡💰📈

like

Dad was an executive VP at a big financial services firm, mom worked at the same firm. Household income $1m+. We were never a material family (most expensive car my parents ever owned was a Ford Edge, no designer clothes, etc) but what they didn't hesitate on was spending on experiences. Disney and ski trips every year, lots of pro sports events, etc. That's what I want to be able to do for my family. I don't care about owning a $300k car or $50k watch. I don't need to be quite at their level, I just want to be able to give my family the same experiences

like

Dad - HR officer at international corporation; mom stayed at home. And yes, I plan to get there, but I can't do it in Consulting - I want to actually come home to a family every night when I have one

like

I grew up poor working class. Make 3x my parents peak combined income at 29z

like

Additional Posts

Has anyone recently travelled to India to get the stamping done before joining the new employer? I have a new approved transfer petition and related papers but not sure if I should join & then travel?

False 498A filed by my wife. Case moved to court recently. Can I get on site? Will it problem to get Visa?

like

Good resources to prep mental math for McKinsey interview?

like

What does it mean when someone forwards your resume internally? I just made a connection on LinkedIn and she asked for my resume to forward it internally without even asking for it!

like

My first year mentor leaving the firm a day after we had a proverbial heart to heart about always 'being honest' especially with those on your team.......and no mention of it... I'm sad you guys :(

like

I am not looking forward to the day when AI can create decks... Being able to center-align is my only marketable skill

like

Insurance won't cover therapist sessions over Skype/phone. Have a great rapport with him, so don't want to make a change. And yet, I've been Sunday-Friday travel all year. Any ideas, fish fam?

like

Tips or resources for improving mental math skills?

How many of you live in an almost empty, barely furnished apartment too? I don't even have a bed.

like

Uber driver last night had his personal phone playing youtube mounted on the windshield next to his Uber phone... debating what to rate him. The ride itself was fine but that seemed really dangerous

like
like

I was asked to provide a PRD from my current or past company to walk a company through during my interview - is that a normal practice? How do people feel about that?

like

What’s the average age for making partner at the top consulting firms?

like

What is good on TV right now ?

like

Curious about whether the culture/experience at diff Big 4 firms is really that diff. For example has anyone left a Big 4 firm that they really disliked to join another that they were really happy in?

like

Any advice on how to tell your manager not to cut you off in meetings all the time? P.S I’m a consultant and the manager is a full timer on the client side. Which I think makes her think that behavior is ok.

like

What would you suggest about 401k investment to someone who joined a US firm and planning to move back to India in few years (5-6 years)
Should I invest in 401k, if yes how much?

Thanks in advance 🙏

like

How do you feel about tattoos/showing them in the office?

like

Anyone else feel anxious and start looking at other firms when your coworker tells you they're switching firms?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

For account settings, visit Fishbowl on Desktop Browser or

General

Legal