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Saturday, December 10, 2022
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MAN JEALOUS THAT FRIEND INHERITED $25M FROM DEAD PARENTS

One of my classmates (we went to HCI together) inherited around $25 million in cash and real estate when his father passed away (heart attack) in the year we were in NS.

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His mother died when he was even younger due to breast cancer. He is now 25 (just graduated) and he has decided to grow his portfolio full-time. I just did a simple calculation: if he averages a modest 10% annualized return, he will be worth $270,000,000 by the time he reaches 50; and by the time he reaches 60, he will be $700 million.

Here I am, at my $3800/mo first job, wondering how long I would take to earn enough to afford my first HDB apartment, which I will spend the next 30 years paying. Even if I make it to partner-level at my auditing firm now, I will only have accumulated around $10 million by the time I reach 60.

The reality is, I will probably spend the next 15 years slaving away at my sub-10k a month job, and I could very well be stuck there for the rest of my career. Life isn’t fair.

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