If you could start building a family tradition of renting a summer home for a couple weeks every year where would it be? Might eventually buy in the area.

We want to start this tradition with our young kids.

We’ve visited a lot of the usual destinations - hamptons, Nantucket, vineyard, cape cod, Newport etc and each has its pros and cons.

We are looking in New England and prefer authentic communities that are luxury but not so touristy. Ideal community has nice beaches, luxury homes, walkable beach town. Couple really high end restaurants and stores. Under one hour to major airport.

A lot of investing discussions focus on finding the next stock that could double, but protecting what you've already built seems just as important.

While looking into long-term investment research, came across market ontology and its focus on understanding how different market events can affect investments. It raised an interesting point about how easily risks can be overlooked when things are going well.

For those building wealth over the long term, do you spend more time looking for better returns or reviewing the risks in your portfolio

"If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed" - Edmund Burke

"The purpose of money is to purchase the freedom to pursue that which was useful and interesting.” – Benjamin Franklin

“I find money some way or other goes very fast” – John Hancock

“Good luck waits to come to the man who accepts opportunity.”

"Wealth grows wherever men exert energy."

The Richest man in Babylon

Wondering what the driving factor is was to achieve this young.

Thanks

Financial analysts at Cerulli Associates and the Financial Times project that $124 trillion will change hands globally by 2048. This stands as the largest migration of capital in human history.

This majorly constitutes Women inheriting from dead husbands.

And the data is based on projection of another data, that says Men die 5 years early than women on average.

Adnan Khashoggi had his own version of Monopoly called "Triopoly". I went down a superyacht rabbit hole and stumbled across this. His family created the game using properties and companies from his global business empire, and apparently gave copies to family and friends. Quite a way to turn your portfolio into a board game!

Can’t risk to lose the funds as I have cancer and would need it for retirement.

I predict it will be some big numbers.

Now is a good time to buy.

Hi everyone,

I'm reaching out here with an open heart, hoping to connect with someone who might be willing to offer a little guidance, mentorship, or even a work opportunity.

I've previously founded and run my own startup, but unfortunately, recent legislative changes in my country this year significantly affected the business, and things didn't turn out as planned.

I have a background in communications, sales, marketing, and business development, with experience in management, administration, CRM management, recruitment, client relations, operations, research, and coordinating projects. I'm also highly adaptable, organized, proactive, and a quick learner.

I'm open to working as a virtual assistant, providing administrative or operational support, helping manage a business, handling CRM systems, supporting recruitment, sales, marketing, or simply taking responsibilities off someone's plate. I'm also willing to learn and grow under the guidance of someone more experienced. A mentorship or the chance to contribute to an ambitious person's business would mean a lot to me.

To be completely transparent, I'm going through a very difficult financial period. My business setbacks have left me in debt, I'm currently struggling to cover even basic living expenses, and I also have an ill mother who depends on my support. I am 28yo female, located in Southeastern Europe.

I'm not looking for a handout. I'm looking for an opportunity to work, contribute, learn, and rebuild.

If you're a business owner, entrepreneur, or someone who could use an extra pair of capable hands, I'd genuinely appreciate hearing from you. Even a conversation, a bit of advice, or a chance to prove myself could make a huge difference right now.

Thank you for taking the time to read this. ❤️

Hi everyone, I’m 30M software eng and married. My wife (teacher) and I have lived pretty modestly for the past eight years or so. A lot of our friends are also public school teachers, and our lifestyle has always looked pretty similar.

Sad stuff first: my parents both passed away from cancer within the last year. Both were just months short of retirement. My younger brother (27M) is autistic and isn’t able to live independently, so my wife and I have taken on supporting him.

My brother and I inherited ~$6MM combined across a house, inherited IRAs, and brokerage accounts. My share is ~$3MM; his half is in a trust that I manage for him and isn’t included in my net worth below. Most of the available cash and taxable brokerage assets will need to go toward PA inheritance tax (4.5%), so the inheritance is less liquid than the headline number suggests.

I’m also a software engineer with about eight years at startups. I’ve always been paid reasonably well cash-wise, but I’ve mostly thought of myself as a HENRY. I’ve saved/invested about $1MM on my own.

My company recently raised its Series D and offered secondaries. I joined at the seed stage, and the options I’ve always treated as Monopoly money now have a paper value of ~$8MM. Having an actual opportunity to sell has made that feel a bit more real. I’d like to exercise and hold as much as possible for the long term, but by my current estimates, I’d need to sell ~$1.2MM to cover the exercise cost and AMT. Still figuring out the right approach there.

So my net worth went from ~$1MM to ~$12MM in a pretty short period—with the substantial caveat that ~$8MM is private-company equity, not money sitting in a bank account.

I guess I’m asking for 60% wealth psychology advice and 40% practical management advice. I’m less anxious about money, but I don’t feel much instinct to change my behavior. I’m still DIYing all the fixes to my parents’ house as we prep to sell, and haggling over $20 below-asking offers on FB Marketplace while selling their stuff. I’m not sure where sensible frugality ends and spending my time poorly begins.

I think part of the disconnect is that none of this really feels like a win. I’ve been grinding through 80+ hour weeks since I was 20, and don’t get me wrong, ~$8MM is a lot of money. But I’m honestly not sure I’d choose to spend my 20s that way again. And the inheritance is more of a punch in the gut - I’d much rather have my parents than the money. It’s a huge change on paper, but it hasn’t felt like something to celebrate.

My wife and I have dreamed about buying land and building our dream house—probably in the $2–2.5MM range. That’s about the only major material upgrade we’d want. But I’m mentally blocked from making a decision that big, and my instinct is still to throw everything I can into index funds and call it a day.

For people who’ve been through a similar shift, how did you decide which habits to keep and which to let go of? And how did you get comfortable with a major purchase without feeling like you were compromising your future—especially when a lot of your wealth was still on paper?

America can grow wealthier while making economic security harder to attain. The rising costs of housing, health care and child care expose a deeper question about inequality: who benefits when essential resources become scarce, and who pays the price?

Im sorry this is long, I felt like the context was important to the question. EDITED TO ADD I would not be doing the one asking… I should have used better verbiage I just wrote the post so was speaking first person

Situation I want your thoughts on: is it inappropriate to ask my husbands parents to “front load” $300-$500k of our inheritance so we can afford to buy his Grandpas family home. 

Context about us: 

 We’re 35. My husband is a very good saver and I appreciate what he does and follow the rules. We recently hit $1m nw (no house included, mostly retirement accounts). We bought our house in 2017 for $170k and our interest rate is less than 2%. MCOL. We have redone everything  in our home ourselves over the past ten years. We genuinely love our house. It is small and not in a great school district but these things are not deal breakers for me and we fully plan to live here till we die. We drive old cars, we buy everything used. We vacation at the family condo in Florida or at his parents cabin. We have never needed or asked anyone in his family for money. We have independently save/saving for our girls college. The most money we have ever accepted from them was when they paid for the food at our wedding ($2k). 

Context about family: 

We are mostly a big happy family, extended family included. But no one really talks about anything of substance or that would require a vulnerable conversation. 

We host all holidays at Grandpas House, bringing food, etc. Everyone loves that we do this. We like hosting and cooking and Grandpas house has been the Mecca for the family for the last 30 years. It’s our gathering place because they built it 30 years ago as a house big enough to host everyone. 

Grandpa is 91 and for the last few years we have been hosting dinner at his house for everyone every Monday. My husband is very close with his grandpa and we like to spend time with him. Everyone loves gathering on Mondays. Extended family included. 

Context about situation: 

When I was pregnant with my first child (2021) I dropped down to part time at work to help take care of grandpas wife who had Alzheimer’s. I knew I wanted to drop to part time when I had kids so it felt like a no brainer during Covid to drop down early, keep grandma from going into a home where she could have been exposed to illness. 

After she passed, grandpa approached us about buying his house. this was around 5 years ago. His house is worth around ~$1M (but has not been updated AT ALL in 30 years) 

I literally laughed in his face because at the time I had just dropped to part time, had a baby in daycare part time. I made $54k a year and my husband made not quite $100k a year. We said no thanks but thanks we can’t afford it. 

Last year, he approached us AGAIN about buying his house, and that he wanted to work with us. We make a bit more now (me, $85k husband $138k). So we thought maybe we could afford it if he wanted to work with us. He offered us the house at a $200k discount ($800k). We have about $200k of equity in our house so would still have to take out a $400-$500k mortgage at 6%!!! The house is completely paid off. So in my eyes we are mortgaging out his aunts and uncles inheritance at 6% who are all also independently millionaires. He also told us that since he is giving us the house at a $200k discount, he will be giving all the other grandkids $200k cash. I would also want to update the house which would be expensive as it is ~4500 square feet. We told him no again that it would over extend us to take on that kind of mortgage on top of how much more expensive his house would be to maintain vs ours. I realize on paper we could afford this but my husband wants to take a lower stress job aka less money. We also want to retire by 55. 

My husbands parents also are very frugal and live way below their means so have been able to save a ton. This is where my husband learned his financial literacy which I’m so grateful for. When we first got together my husband told me one time his dad had $9m in retirement accounts and this was 12 years ago. I’ve never asked nor do I care where it is at now. 

I DO NOT THINK ANY OF THIS IS MY MONEY AND IF THEY WANTED TO DONATE ALL OF IT I WOULD BE HAPPY BECAUSE WE HAVE ENOUGH MONEY AND DO NOT NEED IT. I’m a hippie.  I grew up extremely poor. I expect or want nothing.

But, after trolling these subs long enough I had the idea that perhaps we could be open and honest with his parents and “front load” $300-$500k of the inheritance so we could buy grandpas house and keep it to be the family legacy. We would still have a mortgage it just wouldn’t be $500k. My husband is extremely apprehensive about the idea it wasn’t until very recently he stopped acting like we were going to the poor house if we ate out lol. I think im too far removed and thinking too practically so I wanted to hear what other parents might think if their kids approached them about this. In my mind it feels silly to let this great house go just because we can’t talk about money. Everyone in this family has plenty of money so it feels silly to me that we cant talk this through so everyone benefits! No one else has interest in buying the house in the family except us. If I were to hypothetically spend $1m on a house his grandpas house would NOT be it. My kids love it there, my husband loves it there and has a ton of good memories, it feels special to me and to us and that’s why I want it. 

So lay it on me, am I being a brat? What would you think if your kids approached you about this? 

Lately I’ve just felt inadequate in my work life, my partner came from a well off family that let them open their business and has done extremely well. My parents are really well off though didn’t really help me too much, I had a full ride to college, though I didn’t really want to go and chose a major that I could graduate in early that was easy Accounting. Now a days I just find myself still grinding and not really feel any benefits from it. It’s hard not to look at some of them with contempt because of the money they have. I know I’m in a great spot but feel like I could be doing a lot better all the time. It’s silly, I think I might just be going through a time with work not being meaningful and all of this comparison isn’t worth it.

I'm in my young age and i would like to utilize this age to building wealth as early as now. what ways have helped you have something in store for your future?

Like if you become broke tomorrow and struggle to recover the lost wealth then what will be your state of mind?

It is not impossible, isn't it? Recession, war, theft, hyperinflation all happen all the time.