If you had rich parents, would that change your career plans?
(Monkey, 51
Points)
on 1/11/13 at 4:01am
Consider two situations:
a) Your parents have 8 figure net worth
b) Same as A, but they build their wealth from being serial entrepreneurs
Assume that parents are willing to invest/support you if you offer sensible business/investment opportunities. Also, they would be willing to mentor you and would let you work in family business. They also have extensive network in the local region.
Would this impact the career decisions you make?






i'd live like vinnie chase
i'd live like vinnie chase for a year and then bask in my own glory for the rest of my life in my parent's basement
The reason most people are on
The reason most people are on this forum is that they WANT to get the opportunities that a kid like that gets handed to him on a silver platter. My gut tells me that if I have those same opportunities without the pain and effort, then I would take it happily.
Meh.
Well let's see here. If they
Well let's see here. If they were in the mid 9 figure range and I could just have all that money when they croak, it definitely would. I'd just take a ton of wealth management type classes and learn how to manage the fortune so I can live like a rich bum loser......
In all seriousness, come on. Maybe I'm wrong to speak for everyone else, but after 2-3 months of not working, you start to get a little bit stir-crazy. And everyone knows that working in a job you hate is worse than anything except marrying a bitch you can't stand. So again, maybe it's just me, but the money isn't what dictates your career path at the end of the day, so long as it's enough money to live reasonably well. Obviously if you're passion is cleaning the floor of the school cafeteria you might still forego becoming a janitor because you don't get paid much... but for the most part I don't think some inheritance is going to dictate your career trajectory for the reasonable person at least.
I hate victims who respect their executioners
Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital
Ask this to the poser
Ask this to the poser hipsters. Shoutout to Williamsburg.
I'd change my name to Somalia
I'd change my name to Somalia Larry and start a rap career.
If I had rich parents, I'd
If I had rich parents, I'd already have at least one of the jobs Im currently gunning for...
:(
BlackHat: Well let's see
Well let's see here. If they were in the mid 9 figure range and I could just have all that money when they croak, it definitely would. I'd just take a ton of wealth management type classes and learn how to manage the fortune so I can live like a rich bum loser......
In all seriousness, come on. Maybe I'm wrong to speak for everyone else, but after 2-3 months of not working, you start to get a little bit stir-crazy. And everyone knows that working in a job you hate is worse than anything except marrying a bitch you can't stand. So again, maybe it's just me, but the money isn't what dictates your career path at the end of the day, so long as it's enough money to live reasonably well. Obviously if you're passion is cleaning the floor of the school cafeteria you might still forego becoming a janitor because you don't get paid much... but for the most part I don't think some inheritance is going to dictate your career trajectory for the reasonable person at least.
I see your point of view. But correct me if I'm wrong, I think OP probably meant another career path that you would have more interest in.
If that were me, I would probably open up a coffee shop/breakfast diner and open up an art shop or photography business (weddings,parties, etc...)
Just a sophomore looking for an opportunity to start up this dream of mine.
I don't know if I would want
I don't know if I would want to sponge off my parents or not. It seems like that would come with all sorts of strings that I wouldn't want to deal with, especially with a family as crazy as mine. I'll never know for sure what I would do in that situation, because my parents never had money like that.
Turbo leverage for capital explosion -- BD Capital
My WSO Blog
Yep, likely in the same way
Yep, likely in the same way growing up with a family on welfare that couldn't afford my college tuition, needed me to support them, and had a terrible reputation in the community would affect my career decisions
I tell you, we are here on Earth to fart around, and don't let anybody tell you different.
Kurt Vonnegut
I'd be a Remittance Man. And
I'd be a Remittance Man. And not in the George Vanderbilt sense of the word.
I guess I understand it in
I guess I understand it in that case. If money was no object I'd probably be a hunter/fisherman and total hermit somewhere in Canada or something. So if I look at it that way rather than the "living off my parents" way, I can definitely see it changing what I do.
I hate victims who respect their executioners
Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital
One of my parents co-founded
One of my parents co-founded a F500 company, and neither of them work now, but that hasn't changed anything for me. I don't think I could live with myself if I just coasted through life. Where's the fun in that?
"A man generally has two reasons for doing anything. One that sounds good, and the real one." - J.P. Morgan
Forgot to mention this: sick
Forgot to mention this: sick username and picture OP
I hate victims who respect their executioners
Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital
I would probably be doing
I would probably be doing something more creative and more in line with my interests, yes...
"That dude is so haole, he don't even have any breath left."
8 figures is rich?
8 figures is rich?
inkybinky: 8 figures is
Financial Modeling Training
Guide to Finance Interviews
Banking Resume
prospie: inkybinky: 8
Just a sophomore looking for an opportunity to start up this dream of mine.
Of course, don't understand y
The Auto Show
8 fig inheritance - same
I would still be doing the
Awon Eleyi Awon Eleyi Won Bad
I would hope that with my
If you have a goal in life, think to yourself each day - "What did I do today to help me reach my goal?"
I'd be a cop.
If we're talking on the mid
Hi, Eric Stratton, rush chairman, damn glad to meet you.
I'd be "the most interesting
You guys are right; 8 figs is
"A man generally has two reasons for doing anything. One that sounds good, and the real one." - J.P. Morgan
BTbanker: You guys are right;
Hi, Eric Stratton, rush chairman, damn glad to meet you.
I have parents with their own
BTbanker: You guys are right;
Turbo leverage for capital explosion -- BD Capital
My WSO Blog
I would probably be a teacher
This to all my hatin' folks seeing me getting guac right now..
SirTradesaLot: BTbanker: Yo
"A man generally has two reasons for doing anything. One that sounds good, and the real one." - J.P. Morgan
BTbanker: You guys are right;
Cruncharoo: spend my summers
Turbo leverage for capital explosion -- BD Capital
My WSO Blog
BTbanker: SirTradesaLot:
.
"A man generally has two reasons for doing anything. One that sounds good, and the real one." - J.P. Morgan
BTbanker: SirTradesaLot:
In a similar situation and
TBH, if my parents had
prospie: inkybinky: 8
I tell you, we are here on Earth to fart around, and don't let anybody tell you different.
Kurt Vonnegut
BTbanker: SirTradesaLot:
Turbo leverage for capital explosion -- BD Capital
My WSO Blog
CaR: prospie: inkybinky:
Financial Modeling Training
Guide to Finance Interviews
Banking Resume
prospie: CaR: prospie:
Hi, Eric Stratton, rush chairman, damn glad to meet you.
Otter.: I would guess my
Turbo leverage for capital explosion -- BD Capital
My WSO Blog
SirTradesaLot: Otter.: I
ladubs111: SirTradesaLot:
Turbo leverage for capital explosion -- BD Capital
My WSO Blog
I would find a way to get our
SirTradesaLot: Otter.: I
Hi, Eric Stratton, rush chairman, damn glad to meet you.
y'all got some rich folks
Otter.: All I'm trying to
adapt or die: Otter.: All
Hi, Eric Stratton, rush chairman, damn glad to meet you.