Were / Are your parents successful?

[OfTheCross]

You have a great culture you can tap into..... us on the other hand.......

That's the advantage that most immigrant Blacks have over AAs...but in the racial threads whenever that's brought up ppl start being called c00ns.

AAs have great culture to tap into too, tho...I dunno..gotta think about it a bit more

 

[OfTheCross]

My mom didn't make a lot of money, but she saved and was able to give me a financial head start.

How did it help you? How did you put it to use?

 

[Doobie Doo]

Nice story, breh. Wish I could rep

Cool. How have you taken advantage of your parents having you and your family in a good position?

Or is it a thing where you have to wait till they die (knock on wood)

Nah I ain't waiting till they die. It's helped me when I was younger, I don't have the serious debt a lot of people have my age but as you get older the expectations grow. It's cute renting in your 20's, but in my 30's its the main topic of argument between me and Mom.

My dad, the breadwinner, understands my lifestyle. Child free, 30's, college educated, talented, weed smoking (Since my pops retired he smokes now so it's our father/son bond time now). It's the lifestyle he probably wanted but couldn't have because of society's expectations for his time (Get married, have kids, work till your 60s) and plus he has not really artistic. He's always encouraging to be weird and creative and unique.

My mom is the complete opposite because she expects me to be more like my pops. Conservative, breadwinner, own land, tons of investments, married, kids 9 to 5 etc. I honestly know for a fact I'm a disappointment to my mom. Every time I think about relationships and marriage I immediately throw it out the window after being around her.

 

[Field Marshall Bradley]

That's the advantage that most immigrant Blacks have over AAs...but in the racial threads whenever that's brought up ppl start being called c00ns.

AAs have great culture to tap into too, tho...I dunno..gotta think about it a bit more

I think its there for us as well... but over the last 20 plus years or so, it has slowly eroded and aligned itself with the narcissistic part of American values....

 

[OfTheCross]

I think its there for us as well... but over the last 20 plus years or so, it has slowly eroded and aligned itself with the narcissistic part of American values....

Things like this make me think religion is good.

Over the last few days since Ali's passing , I've seen plenty if info on The Nation of Islam and the core values it had at the beginning...

Something like that would be good for society as a whole

 

[intruder]

You have a great culture you can tap into..... us on the other hand.......

You have the resources of what is currently the greatest economy and most powerful country in the world at your disposal. Despite what you may think, you are by far more educated by percentage than most of the rest of the black diaspora. Use what you have wisely

 

[patscorpio]

background

my dad came from a well to do family; my mom did not

they both came to this country though with not much and worked hard to be where they are today, which is upper middle class..they own their house, have investments, buy cars frequently, etc etc

my dad makes a lot of money but has a "keep up with the jones" mentality and sometimes too giving and trusting in certain situations, which has been a very very very BAD thing at times...ive learned alot from this lol
my mom is very low key with her money but she is an EXTRAORDINARY saver

my dad taught me the virtues of having discipline, being competitive, and investing early...things have helped greatly in my life
my mom was of the mentality of doing the best you can..simple and to the point..she's been my biggest cheerleader

when it came to financial help or something i would need it would be 50/50 with my dad but my mom would be all in...one example is the summer before i went to college, I wanted to get a PC...I was going to be a computer science major and i needed my own to do my assignments and whatnot...my dad did not want to get one for me because he though the college had enough labs on campus for me to use...my mom however thought that my dad wasn't making any sense..took me to gateway store later that week and got me a 3,000 dollar computer..i never forgot that...that is why my mom typically gets the biggest gifts from me (expense wise) today out of anyone else

i make more than my mother but not my father yet...its a lowkey goal lol

 

[Princess Coco]

My parents aren't rich but they worked hard to give my siblings and I the best life possible . They've become millionaires after 25 years of hard work (can't say what they do). They're paying off my student loans and giving me the money I need to start my business.

 

[eastsideTT]

my dad is very sucessful but he worked for it. i saw my dad work his whole live never take a sick day except for a time he needed an emergency surgery. sent me to live with my aunt upstate while he went back to school and my mom had to take care of her sick, dying mom. saw him stay at the same job for almost 30 years and rise through the ranks to the point where he became a boss. now he's straight. got the Netjets account and everything for his work. seen pics of him on the private jet it made me smile. he never told me shyt either always let me learn on my own the hard way and led by example. never heard him complain or say a bad word about anybody in my entire life also. i hope more than anything when he retires he enjoys it and is able to live healthy and long

 

[Pyrexcup]

I know right... A lot of these posts on certain subjects are starting to make sense now...

 

[mannyrs13]

I'd say they are successful but not highly successful or rich. We have a house that they'll leave behind, they are able to travel more now, they have money saved for retirement. Although it hasn't been easy. My dad still wakes up at 4 am to go to work. Been working at the same place for over 25 years. Always instilling in us the importance of saving and investing and having a retirement fund. Moms been working in the banking industry for nearly all my life. She too has worked hard to give us all we have. They were smart to buy a house in our area before the real estate bubble started to grow. They should have the house paid off by next year. They've both worked hard to get where they're at. May not be rich millionaires but I'm blessed with what we got.

 

[Colin X]

I never talk about it cause idk how to talk about it without sounding like a douchebag with rich parents

 

[Raava]

My parents are still giving me a financial head start/making things easier in a lot of ways. I don't consider them rich and I didn't grow up rich. They are middle class. My dad had things passed to him that he can use to pass to us. They also both had good jobs. My dad also tries to be as debt free as possible. I wish he invested more but I mean that's for us (the kids) to do and build off that foundation hopefully.

They are just really helpful parents in a lot of things. They have that mind set of not leaving your kids out to dry. Sometimes I think they help too much. But I am very grateful.

 

[Behind-the-wheel]

I'm thinking about how wealth is built from generation to generation and I'm curious about others' experiences.

When I say successful, I mean able to give you a financial head start.

My parents came here from another country with no real advantages. Didn't speak English , weren't White, didn't come with a bunch of money...

They did what they could but I definitely wouldn't say they gave me a financial head start.

They don't own a property and don't have cash to leave behind either, so for my niece and nephew me and my sister are the first successful generation in the US.

Whatcha life like?

If you were fortunate enough to get a head start, what was it and what did you do with it?

Yup!
Mom came to NY from down south in the 60's to go to nursing school. Had me and we moved into the PJs from my aunts house. Mom busted her tail and went to school at night to get her degrees and moved us up outta the Pjs and into a house. Moms was the head nurse of a medical Clinic at Jacobi hospital before retirement. Now, she's enjoying life and relaxing living with my sister further north.

Pops grew up in the south bronx off westchester ave and got his degree, then second degree in radiology. Worked at Jacobi hospital until he struck out on his own and started his own portable xray business. Pops now has 3 businesses and is tha X-Ray imaging gawd for the tri-state area AND is in politics too.
Ma dukes cleared 90K a year before retirement, Pops still clears 250k+ a year depending on how well his side businesses do.
They put me thru military school and college with no debt and a good credit score.
Definitely gave me a good start and part of the reason my pockets deep now and my credit score 800+.


Edit: Forgot about houses and land down south, Arizona, Brazil and Mexico to come to us kids after they pass too.
They, literally, set us kids up for the future.

 

[Supreme HD]

My mom is a CPS worker has been for 30 years. Always was good with money. Had me and my sister a good college fund.

My dad owns his own building company. He was fairly small time. But made about 60-80k a year. Always bought my sister and I used cars from our teens til we could buy our own.

My dad has A LOT of assets. Owns 4 houses, couple rentals and like 8 used cars.

My mom saved most of her money. Has close to 200k in her 401k. Probably 50k in the bank or more not sure.

Black excellence