this post was submitted on 26 Aug 2024
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[โ€“] BugleFingers@lemmy.world 5 points 3 months ago (6 children)

One parent had a growing business when I was super young, they brought home well into the 6 figures. However two things happened 1: the internet started getting bigger so that started to hurt their business and 2: the 2008 housing crash happened and for a business that worked with banks on mortgages (I was too young to fully understand what the business did) it was fatal. Then we were dirt poor! The family never really recovered but after many years we did manage to get on our feet, then a parent died and shit went down hill again lmao.

I could've grown up a rich kid, instead I grew up with a family oats pot for meals. Though I'm probably a healthier grounded human for it.

[โ€“] Bocky@lemmy.world 1 points 3 months ago (1 children)

There has to be more to the story than that. Your parents probably didnโ€™t disclose to you the other hardships they faced, whether they were self induced or not

[โ€“] BugleFingers@lemmy.world 5 points 3 months ago

Oh there definitely was as far as why the business went down, I just clipped it. But it caused one side of my family to be permanently removed from our lives as well. Though the increased stressors of the crash also aided in that whole deal

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[โ€“] GlennicusM@beehaw.org 5 points 3 months ago

I don't know about rich, but my household would be much more well off had my biological mother not been a mentally unstable gold-digging asshole.

[โ€“] Coskii@lemmy.blahaj.zone 3 points 3 months ago* (last edited 2 months ago)

I played the stock market game in grade school and noticed this one stock, BRKHA that was moving thousands of dollars daily (and was occasionally dipping into the hundreds). Considering the others would only move a fraction of a dollar daily it was a goal to get one share for the game. I did and ended up winning.

I should have tried to pressure my parents into at least one share. By the time I was 18 it would have been worth 70k, and these days it's up to.. Nearly 700k per share.

I would've likely sold it on my 18th birthday and been able to languish a bit longer than I did. All in all it wouldn't have been worth doing.

[โ€“] rbesfe@lemmy.ca 3 points 3 months ago

I bought 100 shares of Gamestop when it was $4 in November 2020 and sold at around $10

[โ€“] AceFuzzLord@lemm.ee 0 points 3 months ago (4 children)

Not rich, but definitely more well off. As a one off thing, bought myself a scratch ticket and almost won somewhere around $20,000. Luck almost shined on me.

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