Having spent a good amount of time working with family offices and high net worth families, these people are generally totally oblivious and think they’ve earned everything.


Sent from my iPhone...

You forgot dubious start up whereby family "investment" is spent until seed money runs dry and start up folds having never done any actual business.

Yes, we were using a state first time home-buyer loan program.

An issue I ran into when we tried to do a short sale purchase when looking for our first house was the house was unoccupied and the water was shut off to the house. They would not turn on the water...

And they are more likely to be surrounded by sycophants who assure them constantly of their unimpeachable greatness.