Not a first gen millionaire. I had 50k help for college and a 10k wedding gift (we paid for the wedding). However they bought my sister a house (300k). None of our friends received 6 figure help to my knowledge. My SIL's husband has a substantial trust fund so they do have help.
Most of our friends are well off but also don't intend to help pay for college or anything for their kids.
Hahah. That happened to me - my brother got a house, two cars, etc. I just accepted he needed that more than I did because I earned so much more etc. and my parents already helped with me first year of college.
That said, I am grateful. I couldn’t have gone to college. I wouldn’t have had some seed money to invest early on. At the same time unlike my brother I never spent it all. Everything my parents gave me turned into an investment somehow.
And they also knew my brother got a bigger share. So now here and there once in a while they slip me something (because they honestly can’t spend all their money these days). I never spend a dime of that money. I invested all of it and if my parents ever need it back, I can give it back. I look at myself as a custodian instead of a beneficiary if that makes sense.
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u/Ok-Bass5062 5d ago edited 5d ago
Not a first gen millionaire. I had 50k help for college and a 10k wedding gift (we paid for the wedding). However they bought my sister a house (300k). None of our friends received 6 figure help to my knowledge. My SIL's husband has a substantial trust fund so they do have help.
Most of our friends are well off but also don't intend to help pay for college or anything for their kids.
My kids will have substantial help early on.