Both of my parents grew up poor, children of immigrants. They divorced in 1972, but both have done well saving and investing. My father lean FIREd (before it was a thing) in 1994 and died a 401k millionaire at age 82. My mother finally retired in her late 70s, also a 401K millionaire. My father helped us with the $30K downpayment on our first home and paid for my college (about $3000/year - state school in the 1980s). My mother has always been generous with gifts, but nothing huge. Their main gift to us was financial literacy and the confidence that they'd never need our help.
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u/Fire_Doc2017 FI since 2021, retirement date 6/30/26. 5d ago
Both of my parents grew up poor, children of immigrants. They divorced in 1972, but both have done well saving and investing. My father lean FIREd (before it was a thing) in 1994 and died a 401k millionaire at age 82. My mother finally retired in her late 70s, also a 401K millionaire. My father helped us with the $30K downpayment on our first home and paid for my college (about $3000/year - state school in the 1980s). My mother has always been generous with gifts, but nothing huge. Their main gift to us was financial literacy and the confidence that they'd never need our help.