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Updated over 7 years ago on . Most recent reply

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Jack B.
  • Rental Property Investor
  • Seattle, WA
1,047
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Inherited wealth vs. earned wealth

Jack B.
  • Rental Property Investor
  • Seattle, WA
Posted

The 3 million in real estate I own, half of which is equity, was earned. I stood on my own two feet since 18, paid my own way and bought the houses with 100% of my own money that I saved from a high income career I had built.

Fast forward 7 years later, a slovenly, low income guy at my company just inherited enough money to buy a hand full of houses from his wife's family...

It really is amazing how just mere luck can catapult some people...Mind you he is still nowhere near my net worth, but still, it stings a little to see someone just get a huge leg up by chance...

Most Popular Reply

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3,970
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Matt K.
  • Walnut Creek, CA
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Matt K.
  • Walnut Creek, CA
Replied

Everyone's got a bit of luck along the way.... nothing wrong with it. Not sure why it "stings" to see someone else catch a break or why you need to explain to us how "he is still nowhere near my net worth". His luck doesn't make your achievement better or worse....

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