To think it's easier to effortlessly get richer when you are already rich?

[SpreadableCheeseOnEverything]

Someone that I know is married to a wealthy man who has family money. His parents bought them a house for £1.5million a few years ago. They did a kitchen extension and a few other renovations and recently sold the house for £3million. So in excess of £1million profit made in just a few years with a few home improvements.

Her husband works in the city in a well paid job, and now she has started her own business, which is going brilliantly and is very profitable. However, her in laws paid all of the start up costs of the business. So without initially having money to start this, she wouldn't be able to make the profits she is making now.

AIBU to think it's so easy to make money if you are rich?

This. You don't even have to start off with a huge amount. If your parents help you even a little bit, you have a huge adjustment to someone who doesn't

Obviously. Money begets money.

Ermmm, this is well known. For all sorts of reasons (more able to take risks, capital to invest in skills, training, business start ups, capital to invest in property or shares, more likely to be lent money....). We dint tax assets or wealth in this country so once you've started accruing it you are quids in....

Absolutely, I’ve always said this and know a few women with rich husbands who started “hobby jobs” which then became profitable because they could afford to invest in them. Money begets money.

Yes and no, of course money makes money but all of the self made people I know have worked really hard and come close to losing everything, you just don’t see that part. But once you get past that part then it’s much easier to make big money.

Capitalism innit?

Right. So because I'm in a fortunate position, I have no right to give a shit about people who aren't? What a delightful way to view life.

You have no fucking clue how much I give of my time and money to charity, you just steamed in with your spiteful little assumptions. But let's start with two - starting a 'share the spare' fresh food bank and starting an initiative to give asylum seekers in hotels access to cooking facilities and free, communal places to eat.

Your 'odd perspective' is simply giving a shit about other people.

I've no idea; I don't know anuyone who inherited wealth or had it handed to them by living parents.

I know plenty of rich people who started poor and grew their own wealth by sheer hard work, like us.

It's not odd to be aware of and concerned by your own privilege. You don't have to martyr yourself because of it, either. It's perfectly OK to want to use your skills and talents to grow a business rather than be an employee - and I'd hope such a business was run under ethical lines.

Yes.

(Oh, it appears it definitely is ^^ )

I know a lot of wealthy and very wealthy people.

Almost all of them inherited.

The ones who didn't, earned it by working abroad AND if they have a family, they were male and had a wife who barely, if ever worked for money. There was no single stress about not prioritising their family duties because they are all "outsourced" to their wives.

The kids of these people have all been to expensive private (public in some cases) schools. They've all had unpaid internships (some abroad), most of which were obtained in some way through parents' (both) connections. They're starting adult life with a fabulous CV and/or connections that gets them in the doors of almost any company they want to work for, and lots of experiences to talk about in interviews.

So money begets money, but the assets involved aren't purely financial.

Totally - I know a few similar women.

I'm not saying they haven't worked hard to make their businesses successful, but the massive advantage of being able to start a business without having to worry about basics like it needing to make enough money quickly to say cover rent or childcare is almost never acknowledged by them.

@hettiethehare that's exactly it! The lady I know had a full time nanny even before she started her business.