- 12
- 10
Upper middle class white guy here
My dad basically owns a bunch of property and homes and has tons of investments. He regularly flips houses, and rents to various companies or tenants. Safe to say hes incredibly smart with money and knows exactly what to do with it. He learned this from his parents who are incredibly wealthy. My grandparents pay for all the grand children's post secondary school. (We do live in Canada though so our education is subsidized and its only 6000$ a year for any post secondary also theres only 5 of us). Everyone in my family basically owns their own business and is quite successful from it. We're known pretty well throughout my city. However, in my family not everything is just handed down. Sure my dad will help me with bills here and there if I'm in extreme need, which is not often but its never a hand out, always an advance. It's embarrassing for me to ask to be honest so I'd rather go without then ask for help. Anytime I've needed money for something you best believe I've had to pay him back. I've always gotten the necessities but never any luxuries. If i wanted a Nintendo I got a paper route, saved up and bought it. if I wanted a video game I chopped wood all day. If I wanted something bad enough he made me work for it. Which I hated at first but now I'm thankful for now. Gave me a much better attitude towards life, and money.
Hes taught me the value of a dollar, even if there is plenty of where it came from not to throw any of it away. He's not cheap, but not wasteful. If he feels something is worth purchasing he does. He never makes impulse buys or uninformed decisions. He takes care of all his important issues first and If he has something left over he'll reward himself with it. He's got nice cars, nice houses, boats and all that jazz. But I rarely get to use any of it haha his opinion is it's all his and he earned it and if I wanted stuff that sorta stuff I better make something of myself and get it my own way. Rest assured his money is not MY money and he makes it very clear. The only thing I regularly get to do is make use of his private beach. Which comes in verrrrry handy haha. I don't live with him I have a house rented out with a couple of my friends and currently goto school for engineering. But when I'm out of school I definitely plan to get in on the family business on the side to make some extra bucks. I try to be with him as much as possible during renovations or purchases and negotiations to pick up on stuff.
I had a car to drive until I was old enough to buy my own which I saved up and did. When he felt I was old enough to buy my own he stopped letting me use it. Now I drive a honda CRV. When he figured I was old enough to be out on my own I was out. I work two jobs to afford insurance, rent, my phone. groceries and my girlfriend. The odd time I go over for dinner, or we go for lunch, or I stop by my grand parents for food as well. They live in a multimillion dollar house which is extremely beautiful. They also live on a large pond and sometimes allow me to have people over to chill out or have pond hockey tournaments on. They're actually putting in a movie theatre room very soon, I'm hoping its going to be done before gears of war 3 comes out
. They're the sweetest old people you've ever met and love when people come around.
Anyways since I've been on my own its a bit of a struggle, but its necessary to allow you appreciate things and put everything in perspective.
Actually his favourite thing to do is call up me and tell me he bought me a brand new (insert new car or toy here) and then go on to say that it'll be be mine....... eventually. Once he's dead that is. Until then its his. Or that hes going on a trip somewhere and ask if I wanted to go. Then tell me that its x amount of dollars and ask if I have it, otherwise I cant go. Hes pretty ridiculous haha.
My dad basically owns a bunch of property and homes and has tons of investments. He regularly flips houses, and rents to various companies or tenants. Safe to say hes incredibly smart with money and knows exactly what to do with it. He learned this from his parents who are incredibly wealthy. My grandparents pay for all the grand children's post secondary school. (We do live in Canada though so our education is subsidized and its only 6000$ a year for any post secondary also theres only 5 of us). Everyone in my family basically owns their own business and is quite successful from it. We're known pretty well throughout my city. However, in my family not everything is just handed down. Sure my dad will help me with bills here and there if I'm in extreme need, which is not often but its never a hand out, always an advance. It's embarrassing for me to ask to be honest so I'd rather go without then ask for help. Anytime I've needed money for something you best believe I've had to pay him back. I've always gotten the necessities but never any luxuries. If i wanted a Nintendo I got a paper route, saved up and bought it. if I wanted a video game I chopped wood all day. If I wanted something bad enough he made me work for it. Which I hated at first but now I'm thankful for now. Gave me a much better attitude towards life, and money.
Hes taught me the value of a dollar, even if there is plenty of where it came from not to throw any of it away. He's not cheap, but not wasteful. If he feels something is worth purchasing he does. He never makes impulse buys or uninformed decisions. He takes care of all his important issues first and If he has something left over he'll reward himself with it. He's got nice cars, nice houses, boats and all that jazz. But I rarely get to use any of it haha his opinion is it's all his and he earned it and if I wanted stuff that sorta stuff I better make something of myself and get it my own way. Rest assured his money is not MY money and he makes it very clear. The only thing I regularly get to do is make use of his private beach. Which comes in verrrrry handy haha. I don't live with him I have a house rented out with a couple of my friends and currently goto school for engineering. But when I'm out of school I definitely plan to get in on the family business on the side to make some extra bucks. I try to be with him as much as possible during renovations or purchases and negotiations to pick up on stuff.
I had a car to drive until I was old enough to buy my own which I saved up and did. When he felt I was old enough to buy my own he stopped letting me use it. Now I drive a honda CRV. When he figured I was old enough to be out on my own I was out. I work two jobs to afford insurance, rent, my phone. groceries and my girlfriend. The odd time I go over for dinner, or we go for lunch, or I stop by my grand parents for food as well. They live in a multimillion dollar house which is extremely beautiful. They also live on a large pond and sometimes allow me to have people over to chill out or have pond hockey tournaments on. They're actually putting in a movie theatre room very soon, I'm hoping its going to be done before gears of war 3 comes out
Anyways since I've been on my own its a bit of a struggle, but its necessary to allow you appreciate things and put everything in perspective.
Actually his favourite thing to do is call up me and tell me he bought me a brand new (insert new car or toy here) and then go on to say that it'll be be mine....... eventually. Once he's dead that is. Until then its his. Or that hes going on a trip somewhere and ask if I wanted to go. Then tell me that its x amount of dollars and ask if I have it, otherwise I cant go. Hes pretty ridiculous haha.