Oh hell yeah, this is what people don’t know about generational wealth. If you don’t have it, and somehow you make it, you will be subsidizing your poor family.
It’s like the opposite of the magnetic property of capital. It’s like, it’s so hard to get out from under the boot of rents. You’d think someone earning 50k is about 1/2 as worse of as someone earning 100k, but they may as well be in different countries, their situations are so dissimilar.
Anyway, I’m not saying don’t help out family. But I recognise how hard it can be.
Oh hell yeah, this is what people don’t know about generational wealth. If you don’t have it, and somehow you make it, you will be subsidizing your poor family.
It’s like the opposite of the magnetic property of capital. It’s like, it’s so hard to get out from under the boot of rents. You’d think someone earning 50k is about 1/2 as worse of as someone earning 100k, but they may as well be in different countries, their situations are so dissimilar.
Anyway, I’m not saying don’t help out family. But I recognise how hard it can be.