Skip to navigationSkip to main contentSkip to right columnVictoria VesovskiThu, July 2, 2026 at 6:00 PM GMT+2 4 min readshutterstock.comWhen Chloe — a pseudonym used by The Cut (1) — went to college, her parents signed her up for more than $80,000 in public and private student loans. After graduation, they told her the debt was hers to repay.Since then, her parents' financial situation has changed dramatically. According to The Cut, the entrepreneurs have renovated their home, installed a pool and sauna, and bought several boats, including a yacht Chloe estimates is worth about $6 million.Must ReadJeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being oneRobert Kiyosaki says this 1 asset will surge 400% in a year and begs investors not to miss this 'explosion'Millionaires under 43 hold only 25% of their wealth in stocks.