Many young people don’t understand the difference (and frequent mutual exclusivity) between high income and large assets. Regardless where one goes to college, the guy with 3 million in his portfolio is often in a modest neighborhood driving an 8 year old car. The guy in the country club with a BMW and a Rolex may be pulling in a good annual figure but blowing it all instead of investing. More than a few doctors do this, and of course this is well known among professional athletes.