Wealth can create an Eagle Nest problem. As wealth compounds, and salaries and capital grow, the target at the end stretches. Not just what we are accustomed to, but the lifestyle to which we aspire. Ironically, unless wealthy parents do give their children capital starts or income support, they are going to limit the life choices those children can make.
If they want to match the lifestyle of their parents and community, they are going to have to choose from income generating options with kick. You can’t be a dancer, artist, social worker, or anything that is difficult to monetise unless you have outside financial support. If you want a certain lifestyle, you must fund that lifestyle. The higher that is, the more difficult it is to jump from the nest.
Without a jump-starting buffer or introductions and networks for risky new businesses, you are going to have to choose high-paying (limited supply) STEM (science, technology, engineering, mathematics) professions. The irony is that if your family doesn’t have lots of money and your community does not spend a lot, there may be more options for financial freedom available to you. You can choose a lifestyle that is not conspicuous in its spending.
When you choose what you value, and develop the areas you find pleasure... you can look towards things that do not cost a lot. High prices relate to scarcity. If you want things most people can’t have, and you are the one paying, that is going to have consequences for the choices you can make.
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