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40 People Who Interacted With Very Rich People Reveal The Weirdest Things They’ve Seen
Globally, the average income for an adult is $23,380 (when adjusted for purchasing power parity, or PPP). Sounds pretty good, right?
However, this figure conceals wide disparities between and within countries. The richest 10% of the world's population currently take home 52% of the income, while the poorest half earn just 8% — an individual from the top 10% will earn $122,100, but an individual from the bottom half will earn just $3,920.
From the food we eat and the clothes we wear to the education and healthcare we get and the home we live in, money plays a huge part in shaping our lives.
But to check out some of the more interesting and weird ways this can manifest, let's take a look at two Reddit threads started by platform users Sunnybestie and Jerswar that have folks listing what things the wealthy do differently than the rest of us.
This post may include affiliate links.
#1
Well the owner of my small company is incredibly wealthy but also rad as f**k and he drives a tank on property all the time just for the f**k of it. He also owns a very old, gorgeous estate from an extremely influential family (think Vanderbilts) and we throw parties there. But on top of it - he lets his employeees rent it out for events. So my husband and I are throwing an anniversary party (never had a reception) in 2024. We have the entire estate and all 10 bedrooms for a whole weekend and it isn’t costing us a single dime. If I didn’t work for the company, the cost of the venue would be upwards of $25k for the day. I never expected someone so incredibly wealthy to be so down to earth and generous. It’s exactly who I would strive to be at that level of wealth.
Rob(erta) Roy (They/Them) 2 years ago
If I had enough money, I would definitely drive a tank at least once.
MrLiesegang 2 years ago
Well I wouldn’t call it „down to earth“ but it’s definitely generous. I hope the Oc has a good time.
Momo Skarsgård 2 years ago
If every wealthy person was like this the world would be a much different place.
RELATED:
#2
I nannied for millionaires. It was new money and they had both grown up fairly blue collar. They were very down to earth, giving, and kind. Their children, however, had no rules, structure, or expectations inside of the house. Their previous nanny gave them whatever they wanted. That changed when I stepped in. I firmly believe kids need to know how to clean a bathroom, wash dishes, sweep a floor, and clean their rooms. Took about a year to get to that point but I can rest easy knowing they’re both currently in college and know how to clean the toilet 😂
Thee8thsense 2 years ago
Thank you for providing discipline in such a way that allows children to become responsible adults. This seems to be lacking in our society, to the detriment of all involved.
Xitxarel•lo Panda 2 years ago
You are so right. My grandma raised me and teaches all that stuff. I know how to cook since I was a child. My first work was when I was a kiddo with 14 years. Now I see the youngsters right now and I think we are doomed
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Abdul Hannan 2 years ago
It's truly fascinating to hear about your experience nannying for a family with newfound wealth. The contrast between the down-to-earth nature of the parents, who emerged from a blue-collar background, and the lack of structure for their children paints an intriguing picture. It's commendable that you took on the challenge of instilling essential life skills in the kids, despite the initial absence of rules and expectations.Your dedication to teaching them the importance of responsibilities, such as cleaning a bathroom, washing dishes, and maintaining a tidy living space, reflects a genuine commitment to their holistic development. It's heartening to know that, after a year of your influence, they've not only embraced these skills but are now pursuing higher education. The fact that they can handle everyday tasks like cleaning a toilet is a testament to the impact you've had on their lives. Kudos to you for instilling valuable life lessons that will undoubtedly serve them well.
Happy_Pandalover 2 years ago
Nice! Good job on the Nanny, plus the rich parents were nice employers.
Xitxarel•lo Panda 2 years ago
You are great. Kiddos have to know those things . I really respect you
RM Ker 2 years ago
I did a workshop with Dr Bruce Perry, a nationally recognized expert on children with mental health disorders. He said some of the worst cases he saw in the US were children from wealthy families. The reason was because they were raised by a rotating cast of nannies which prevented them from developing healthy attachments/empathy. since children need at least one attached caregiver to develop empathy, many wealthy families raise little psychopaths while they go on vacations and enjoy their lives as if their kids dont exist, which has long lasting, serious mental health consequences and basically explains most CEOs, Senators, and doctors for that fact. Just because you have the money to avoid raising your own children doesnt mean you should.
Marc Wilson 2 years ago
Knew someone who nannied for one of the Forté family. When she told them she was getting married, they said "Give us the details and we'll take care of the wine." She thought this was a nice gesture. On the day, a Forté van rolled up and left around forty grand's worth of vintage champagne and fine wines. Which was (a) pocket change for them and (b) about double what they'd paid her for two years' work.
We managed to get in touch with one of the Redditors who started this discussion, Sunnybestie, and they were kind enough to have a little chat with us about it.
As of now, their post has 13.1K upvotes and 6.7K comments, so it's obvious that it struck a chord with many.
"Actually, I was just karma farming," Sunnybestie told Bored Panda about the origins of the post. "I made my account on December 3, and I didn't expect that my fourth post on that same day would go viral."
"I mean, I expected only thousands of views, but I was surprised that it reached millions within a few hours ... and I was very happy that I now have enough karma for a year. Mission accomplished!" the Redditor, who is also a content creator on other platforms, explained. "I asked that question because I know people are interested in wealth and money."
#3
One of my friends is going to be a billionaire soon. His father is dying and he's the sole heir to the family fortune. He already had access to it, but he chooses to live a middle class life instead. It's important to him to teach his kids the value of hard work.
So he's basically the exception.
ohjojo (you/your's) 2 years ago
Would you please ask him if I could borrow some money? I thank you
Anyone-for-tea? 2 years ago
If I ever win the euromillions, you can have some, no loan! I do spend some time daydreaming about how I can help people, I think after all my family and friends, I’d wander about and if I overheard someone struggling, or were poorly, I’d give them money too. Especially as I’m long-term sick, I know how it feels to struggle when you lose most things due to illness.
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v 2 years ago
There are likely many, many millionaires who are the "exception". We'll never know it though. In a lot of ways we wouldn't know about any of them if social media didn't keep the s**t storm stirred up.
Hester 2 years ago
If you count super, and the value of a person's home, being a millionaire isn't exactly rare these days. Most of them can's afford to live other than a middle class lifestyle!
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Kevin Hickey 2 years ago
Just some perspective. If you were to earn one billion dollars and you had fifty years to do it, working 8 hour days, 40 hours per week, you would have to be paid about $10,000.00 per hour.
Littlemiss 2 years ago
Well my mother has disowned me. So I'm up for adoption. I'm house trained, can cook, bake, clean, mow lawns etc.
Cammy Mack 2 years ago
Wow, the more money that I had the less likely having kids would be become, even more so than it is now. They would definitely hinder globe trotting.
Meester Chad 2 years ago
So, he's just going to hoard it? Doesn't do ANYONE any good if it's not moving through hands.n
#4
Years ago a friend of mine’s dad was trying to sell his start-up company and picked-up an investor at the airport. He was proud of his classic Rolls Royce and noticed the investor looking around, playing with the air vents. So he said “Is this your first time in a Rolls Royce?” The guy said no, but it was his first time in the front seat.
Leviathan 2 years ago
Ha! I would have loved to see his face when he realized he wasn't the big poobah he thought he was!
Kipper 2 years ago
He was used to being chauffeur driven and sitting in the back seat
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Foxglove🇮🇪 2 years ago
When I was a newly-arrived Embassy worker, I and my boss were invited to lunch at the Ambassador's residence. The ambassador offered me the front seat in the Jaguar - my first time in a Jag, my first time in a flag car, I was buzzing. It wasn't until later I realised I was in the pleb seat beside the chauffeur 🤣🤣
Abdul Hannan 2 years ago
Well, that's one way to upgrade from business class to 'Rolls Royce Class' – just find an investor with a keen eye for air vents and a thirst for front-seat luxury! Who knew the key to success was keeping your vents as cool as your deals?
Car_Revs_Daily Drive Reviews 2 years ago
There are vents in back too and have been for decades
After reviewing the comments under their post, Sunnybestie mentioned that many Redditors discussed how wealthy people spend their money.
"Some are frugal, while others don't mind splurging, like dropping $2K for a laid-back lunch with friends," they noted. "Other Redditors expressed disdain for the wealthy due to the mistreatment they experienced; they were underpaid and denied even a minor raise, while their wealthy bosses were quick to splurge on extravagant items."
A few Redditors also talked about how they admire wealthy people for their positive attitude, while others expressed the deep unease they feel about the stark inequalities in lifestyle and wealth. So basically, the stories were mixed.
#5
One old money rich person treated me to a fancy meal and she was super polite and nice and tipped well, what struck me was the decisiveness and confidence that everyone there would cater to her, and they did. She wanted x dish that they didn't make that day and they made it. The one that sticks with me was at the end she said "I want a cappuccino with (something) I want them to put a design on it" like I've gotten cute cappuccinos in my life, it doesn't even cost extra, it never occurred to me to just ask for everything I want all the time.
This was the same person that on a business trip hugged me after the flight "I did it, (womanthorned)!" Me: "oh was this your first time in economy" and she goes "no, flying commercial" just so we all understand how rich.
Lauren S 2 years ago
I think this person sounds fairly sweet. Raised viewing the world through a very specific lens but 1) working 2) proud of doing something she’s never done 3) she doesn’t sound demanding, more assertive. It’d be interesting to see her hear no and how she responds. Not all wealthy people are bad entitled jerks, this one may have been raised with respect and kindness.
Happy_Pandalover 2 years ago
Rich aside. What i really like about her is that she is polite and generous, but still not afraid to ask for her wishes to be fullfilled.
#6
I was installing a floor in this Texas castle and there was this guy who kept coming over to check out my work. I thought he was the laborer of some other trade, but he was friendly so we just kinda started talking about life and s**t. I got to a point where I needed a hand to finish the install and when the guy got there to help, the same guy came around checking out our finishes and the guy helping me snapped up and started getting really attentive. When the guy walked away I asked him why he was tripping out and he told me that was the client. He was a billionaire and owned all of the property that your eyes could see.
So one thing they do is go about their lives like a normal person.
Gabby M 2 years ago
I grew up upper middle class (60s-70s) in a town (summer homes) with old money, think Whitney, Vanderbilt, Carnegie and Rockefeller etc. My observations of the insanely rich has been all about how they were raised. Kind respectful manners and so on. Fast forward to current time and now we have a lot of new money here also. Albeit times have changed but new money doesn't seem to possess many of those types of qualities. I know not everyone is a heathen this is just a generalization. There are good & not so good in any/all groups of people.
RM Ker 2 years ago
As a poor person with a fixer upper, you dont have to be rich to pay attention to what other people do to your home. Every single company Ive hired to work on my home did bad work that had to be redone, or charged me for work they didnt do. One guy kept telling me all stuff he fixed at the end of the day to charge me for it. Problem was that I never asked him to fix those things and he didnt really fix them. I started writing down the work I needed him to do every AM, with the understanding he would not do anything that was not on that list, but the same thing happened anyways. That in addition to multiple Home depot trips buying materials for jobs I never asked for. I finally fired him when the work was half finished and had to redo alot of what he did. A roofer put new materials over rotten wood and never fixed the leak. He wouldnt come back when water came pouring in or pay for thousands of damage to my wall. Both were drinking on the job. You have to watch everything thing they do.
To provide us with a better understanding of how wealthy people see the world, Grant Cardone — who owns and operates seven privately held companies and an over-$4-billion portfolio of multifamily projects — put together a list of eight money secrets they know that most of us don't:
They don't diversify their investments right away. "It's generally good practice to diversify your portfolio by investing in a mix of different stocks, funds, and other investments," Cardone wrote on CNBC. "But as the wealthiest people build their net worth, they often go all-in on their own projects, and then diversify as they start earning more."
"Elon Musk, for example, bet the $22 million he made selling his first company, an online business directory called Zip2, entirely on his next business, an online banking service."
#7
Liv Garfield, CEO of Severn Trent Water, bought me and my colleagues a packet of Custard Creams to make up for the fact she was ending our bonus scheme. While she earned £1.5 million a year basic, and £2 million worth of shares. Ordinary people would have been too embarrassed to do that, I think.
Moosy Girl 2 years ago
Yes, it’s when employees get a bonus based on goals reached.
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Ffion Jones 2 years ago
Severn Trent Water are scum. Bloody leaky pipes all the time that they make us pay for instead of not having massive management bonuses
#8
He managed time very differently than anyone I was used to. E.g., our meeting with him began precisely on schedule, lasted 30 minutes, and there was no chit chat. Before this meeting we had a pre-meeting with his admin to discuss expectations. The admin explained that we had to be on time, no introductions/titles just name, no small talk, no marketing, be prepared to answer technical and financial questions quickly and succintly. For this latter, if there were numbers we had to know precisely which page of the material had the information.
When the meeting took place we were brought in exactly -- to the second -- at the start time. Sat down and within 30 seconds he was asking us all manner of questions. I had to field technical questions that appear to be asked not so much for whether my answer was right, but that I didn't hesitate. I also gained a healthy respect for my manager as he was SHARP and answered quickly and accurately.
Joshua Moore 2 years ago
Me too, during some of our meetings, management insists on playing games for 20 - 30 minutes of the meeting. I’m just sitting there thinking “F me, I’ve got s**t to do, not play games🤦♂️”
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Brian bell 2 years ago
Sounds like people are afraid of this guy and he may have an inflated ego. Money can't buy a personality.
E.V. 2 years ago
I think the guy views his time as very valuable that's why he doesn't waste it on small talks or some other nonsense. He could be having several meetings so he condenses them and only talks about the most important stuff.
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The Darkest Timeline 2 years ago
Being prepared, attentive and knowledgeable are all important life skills and count no matter what field you work in.
PrettyJoyBird 2 years ago
Getting Austin Powers drops them down into a shark tank thru trap door vibes
JaimeeJames WD 2 years ago
I work in government and most exec level meetings are like this. Good way to do business effectively and efficiently.
They know that debt is for businesses, not people. "As I built my net worth, I did not accumulate debt on non-essential purchases like designer clothes or luxurious homes," Cardone, author of 'The 10X Rule,' recalled. "Even if I could afford the bills, I didn't want to waste money paying interest. Instead, I wanted to put everything I was earning into generating more money. For me, that putting my income into my business."
"I also paid cash for my homes, and I have never accumulated interest on a credit card," he added.
#9
I worked with their children in a professional manner and feel bad for them. They lack empathy and basic social skills, and were just beasts to anyone they feel is outside their economic class. You would be surprised how much money gets spent on coverups, from sexual harassment to drug issues, because the parents are chasing dollars and ignoring their intended trophy kids.
BabaBizzle 2 years ago
The kids always suffer. In 5 years we’ll all be reading about a certain NW who is already allowed to bully kids and adults as her brain dead “mother” (for show purposes, clearly doesn’t raise any of the 4 human accessories) just takes selfies and social media posts about it.
#10
Ok you know how they sometimes have a box with a fire alarm or an extinguisher in it that says “in case of emergency break glass?”
They had one of those in their bathroom. It said “in case of brokeness break glass” and had 10,000 cash in it.
PFD 2 years ago
That's where you put s****y novelty gifts when you want the friend who gave them to you to think you appreciate it.
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Homeownership isn't always their first investment. Cardone owns 12,000 apartment units, and he said that buying a primary residence is rarely what you see the wealthy go for first.
Instead, cash-flow real estate is the place to protect and grow money. "On the flip side, cash-flow real estate — commercial real estate where you are making a monthly profit off of rent after your mortgage payments, property taxes and maintenance — is a great way to grow your money," he explained.
"You can make passive income off ownership of these properties, and it is often easier to sell them than a primary residence."
#11
Fly across the US and back for lunch because they liked a restaurant.
-Pilot (use to fly private jets)
Michael Largey 2 years ago
Small timer! A really rich person would have bought the restaurant and moved it to their home town.
Marcellus II 2 years ago
How does that fill their stomach that day?! So, no. They can do that the next day but not that instant.
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Deborah B 2 years ago
I firmly believe that private planes and helicopters should pay a sky tax, £500k per take off. Have licenced exempt small plane/charter services, that are highly regulated and only permitted to fly routes/times that are not served by commercial airlines, and for non-trivial reasons. Air ambulance? absolutely. Flying a group of aid workers and supplies to a war-torn African nation and there are no commercial flights to airports within 12 hours drive of the refugee camp? Absolutely. Flying Fifi from LA to NY for her dog-grooming appointment? Trivial, no flight for you unless you want to pay £500k tax each way.
Marcellus II 2 years ago
How do you think pilots qualify? Think 1500h on small planes before you get into a commercial carrier (freight or people). Your scheme means a £2.5B per qualified pilot. So, 100% blah. Every photographer, parachute jump, pull-up of gliders, surveillance, search&rescue, …. It’s not like the rich won’t find loopholes.
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Two_rolling_black_eyes 2 years ago
First time I had Giordano's Pizza was in the late '90s in Orlando, FL. At the time, this deep dish pizza was only made in Chicago. I was in Orlando for work and I met a Lear jet pilot. The guy flew a private plane for a billionaire. That day he had flown the family to Orlando to go to Disney World, was sent back to Chicago to pick up two pizzas for them for dinner, and flown back to Orlando. The family decided they wanted to eat somewhere locally so the pizzas were extra.The pilot said he flew Giordano's pizzas more than he flew his boss.
MarieTDr 2 years ago
I went to Paris just for lunch. I was visiting family in the UK and took a day trip under the channel: Eurostar to Paris. There happened to be a French rail strike at that time. we were diverted to Belgium, then to a French station. We had to walk a long way, and wound up with just time enough to have a sidewalk lunch and see the Opera House. So I can truthfully say that I once went to Paris for lunch.
#12
I was born to working class parents who made it to the upper middle class and put me in old New England prep schools, so I grew up around a lot of super rich people despite not being one myself. There were exceptions, but generally, the old money families were pretty humble and unassuming. One of my closest friends, for example, grew up in a legit mansion (15k+ square feet in the primary residence), had several other houses in various states/countries, a yacht, just endless money, and yet he still grew up wearing hand-me-downs from his older brothers and family friends. These families had the mindset that “we have endless pits of money, so we’ll buy whatever we want” alongside “it’s silly to spend money for the sake of spending money because we don’t need to prove ourselves to anyone." As a result, you'd end up with these weird inconsistencies (like this kid is at my house talking about how his mom just bought a second set of horse stables so she has a place for her horses at their favorite vacation house, while my mom who grew up in the projects is wondering why his jacket has a tear with duct tape covering it). They spent money for pleasure, utility, and convenience, not for status or superficial reasons. In comparison, the first or second generation money families tended to be concerned with keeping up appearances and buying fashionable things. Again, there were exceptions, but this was definitely the trend.
Nadine 2 years ago
My father worked for a billionaire and his "wife" would make employees use coupons and they would have to get her permission to replace a kitchen sponge. She spent plenty on herself though.
Lynette Vella 2 years ago
That's how one remains a billionaire, and also how one stops embezzlement.
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Nimues Child 2 years ago
Old money doesn't have to "prove anything" to anyone and (in my experience) have been nice folks to be around. New money comes across as feeling like they have to remind you all the time that they have money now and you should treat them differently. Again, this is just my own experience and not a generalization. (I taught in a town that had both old and new money families so I met a lot of people in both camps.)
Cyndi Moring 2 years ago
my partner was a millionaire and he only bought his gas at Costco, among most of his other purchases. Shopped at dollar store and Walmart too.
JessieJ&LilyLovebug 2 years ago
The area where I grew up, and now live, has many a millionaire and quite a few billionaires, along with a lot of retired high ranking military men, all whononly live there 4 to 6 months out of the year. Anyway, this has been my experience, as well, as far as the nouveau riche and the bourgeoisie.
They always buy in bulk. According to Cardone, the wealthy are willing to spend more on each purchase to get a better price per unit and save time spent on repeating useless activities.
They invest in their network. "I have never had someone invest in me that didn't know me," the businessman said. "And most of the real estate I own today was purchased from sellers who picked me over other qualified buyers because we had existing relationships, and they had confidence in my ability to close."
#13
I worked for a billionaire. One time he went to lunch and didn't bring his wallet. When they brought the check, he just signed it and started walking out of the restaurant The server chased after him and said he needed to leave a form of payment and that his signature wouldn't be enough. He responded, with indignation, "Do you know who I am? My signature is more than enough.". That's something no normal person would even think of trying because it's just absurd.
Kate 2 years ago
"No, I don't know who you are, and I don't care. Pay the bill or I call the cops."
Donkeywheel 2 years ago (edited)
Legally, this is paying the bill. You need three things : acknowledgment of debt, solvency and willingness to pay according to the terms of the (possibly unwritten/tacit) contract. Obviously this wasn’t his first time there and by signing the bill all the conditions are met.
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Ace 2 years ago (edited)
When I worked for a major pharma company in a major Swiss city it was considered normal and acceptable to just leave your business card so the restaurant could bill the company directly - we'd just write the name of the correct admin assistant on the back of the card so the invoice would be paid directly instead of having to pay oneself and reclaim it as a business expense.
Donkeywheel 2 years ago (edited)
This has been said for soooo many famous people. But only allegedly.
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Raynell 2 years ago
Dali used to do this. Sometimes he'd doodle on the receipt, claiming that the drawing was worth more than the cost of the meal. Rich people get away with wild stuff.
Donkeywheel 2 years ago
That’s not what he did. He offered to pay OR to leave some drawing. Guess which one is worth more money.
Load More Replies... Gardener of Weeden 2 years ago
I hope most of you understand that him signing the check was his guarantee that he would be paying it. He just could not at the moment - BUT he was accepting responsibility for it.
AnkleByter 2 years ago
I hope you realize this isn't a legal method of payment in most countries, lol, regardless of how wealthy one is. A method of payment needs to be presented unless there is already an existing, and ongoing, contract where method of payment has been offered prior. Your signature is not a payment guarantee in this kind of instance without it. We're not talking about a loan contract or something here, we're talking about a current (present) transaction.
Load More Replies... Cyndi Moring 2 years ago
bill Gates used to buy dinner at the same burger drive in all the time. Once he forgot his wallet and they said 'you're good for it mr gates.'
Uncle Schmickle 2 years ago
That used to be a common bluff years ago trying to intimidate folks who didn't know better.
#14
My aunt and uncle are self made multimillionaires. If you met them, you’d think they were well off, but nothing spectacular. In general, they’re both very frugal. However, the two areas where they completely detach from ordinary life are:
1 - Vet bills for their animals. The example that most stands out in my mind is their last dog. He needed dialysis and no vet where we live could provide it. So they did their research and discovered that the best treatment in the country was available in London. A flat in Kew (I think, somewhere fairly central anyway) was rented for the six months the dog would need treatment for and my uncle would stay in it for one week a month while the dog had his treatment, then travel back home for the other three weeks.
2 - Legal help. Neighbours being pains in the backside? Send in the solicitor. Trying to organise a purchase or sale and it’s taking too long? Pay the solicitor to fast track. Local council leaving traffic lights up for over a week after work has been completed? Cry havoc and let slip the solicitors of war.
Lauren S 2 years ago
What are solicitors? A type of lawyer I imagine? Or some type of shady fixer?
Moosy Girl 2 years ago
Lawyers, the word lawyer has a slightly different meaning in UK English.
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Two_rolling_black_eyes 2 years ago
The word "privilege" translates as "private law". Sending in the solicitors is how it has worked for thousands of years. In 449 BC, Rome laid down the 12 tables and used their version of the lawyer from the beginning. In 41 AD, Claudius set the maximum payment for a single case at 10,000 sesterces. A roman legionaire made annual salary of 900 sesterces that year.
JessieJ&LilyLovebug 2 years ago
Sounds like one of my aunts and uncles...except for the location.
Kevin Hickey 2 years ago
I don't believe that a "self-made multimillionaire" exists. A lot of people did a lot of work to make them rich.
Uncle Schmickle 2 years ago
Bloody solicitors : vultures preying on peoples' ignorance of the law.
Mechanician 2 years ago
I don't believe the dog story because Britain makes dogs quarantine for (six?) months as a measure against rabies and other diseases dogs can carry. This is something U.S. military families encounter if being PCS'd to military bases there. They must decide to pay to have a long separation from pets at their own expense, or rehome them for the duration of their assignments. I sincerely doubt that the wealthy can skip this, as vaccination status is not excepted. They are serious about keeping rabies out.
Papa 2 years ago (edited)
I agree with Pedantic. The OP said "in the country," so I see no reason to assume they weren't already in England. The use of the word "Solicitor" reenforces that assumption.
Load More Replies...They are never content. Cardone said that the wealthy are never satisfied with their previous victories and believe they can always achieve more. "This helps them think big about future business ideas, inventions, investments and other wealth multipliers."
They don’t waste time trying to do everything themselves. Rather, they delegate. "The wealthy know that time is the only truly scarce resource," Cardone said. "You can't buy more of it."
#15
I work with lots of millionaires and a few billionaires. Most work nonstop. There's no boundary between workday, holiday, weekend, etc., but there is also no boundary between friend, family, coworker lots of times.
It is easy to forget the cost of things when money is meaningless. When a $500k Ferrari is the financial equivalent to a gallon of milk for most families, then spending $20k on a party that includes private chefs, a bar staff, etc. is nothing.
What happened recently was that someone mentioned there were a bunch of kids in MS who were getting trained at trade schools for jobs, but the certification exam was $350 so only 2 kids out of the 35 in our pilot program got certified. It was hard for anyone in that room to understand how these families couldn't come up with $350 having a whole year to prepare. Most people in that room bill at $250-$500/hr. if they work at all.
Two days ago, someone took me out to lunch and the bill was $250, but since it's Christmas season and the waitress was really great, he tipped $250.
A different time, we went out for drinks at the bartender was one of those "tell me what you like and I'll make you something." The lady goes to pay and just writes 'math' in the tip line and put $500 on the total for what was less than three drinks a person for four of us.
On the other hand, there are lots of times when someone says something completely off the wall elitist. I grew up incredibly poor and some of these people are fifth and tenth generation wealth. They grew up with maids and butlers and private planes and their great grandparents have buildings all over the US named after them.
One time one of them was talking about how she went to Walmart to people watch and never felt unsafe even though it was "the black part of town." She tried to "make some black friends because if she could befriend them then she could educate them on better financial decisions." It was such a condescending and racist approach we had to council her to never do that again. Another guy says things like "the blacks will ___ " and he thinks he's very woke.
Aside from all that, there is a general loss of touch with what everyday people face.
seana lammers 2 years ago
I was hoping to read that someone stepped in and paid for all of the trade school fees.
Nimues Child 2 years ago
One thing I cannot abide is when you are eating in a restaurant with someone rich and they treat the staff like lowly servants or like they don't exist at all. (usually a new money trait). I make a point of saying "please" and "thank you" to the staff; if for no reason other than to be different and nice to a fellow human being.
#16
One client had a whole separate house on their property just for their dogs. They'd referred to a "dog house" and I was expecting like maybe a little building in the yard where they kept their toys or something, but this was a full furnished home with king sized beds and a huge play room on the main floor. They had a full training and feeding staff to care for the dogs and everything. They lived in their own house and would come over to visit. Seemed like a weird dynamic to have with your pet..
One client didn't have a litterbox for the cats, their cats I guess didn't like using the boxes in the basement and they didn't want to put boxes upstairs so they put down pond liner and kitty litter across an entire room in the basement and had their housekeeper run a rake through it daily.
Marcellus II 2 years ago
Was hoping they hired a Japanese monk to rake the kitty litter/dry garden. These people lack culture.
Princess Mar-li Cathryn 2 years ago
Knew someone who had a one bedroom apartment for their cat b/c they were allergic to cats and their doctor said they shouldn't have a cat in their house. The apartment was on the same property as the main house but a ten minute drive away. I never even went to the main house as I worked for the mobile vet that cared for the cat.
shankShaw deReemer 2 years ago
Can you imagine the smell of the house, especially that floor. UGH.
FaceTime Audio 2 years ago
Why have a dog if you don't interact with them, care for them, and love them?
However, when it comes to everyday life, they might not have all the answers. "Everyone is different, but generally speaking, many rich people are out of touch with the struggles of ordinary people," Sunnybestie said. "[Maybe] someone who went from rags to riches [could] understand the poor [better] than the poor can understand the rich."
"I grew up in a country where the majority of people romanticize struggle and poverty, but I also met people from my university and work who are extremely affluent," they added. "I also worked for one who was featured in Forbes magazine. There's a huge difference in mindset between the poor and the rich."
"The poor will be able to understand the rich when they surround themselves with wealthy people, learn from them, and get rid of their limiting beliefs. I may sound elitist, but it is what it is."
"Many extremely rich people (capitalists), however, are also one of the reasons why the poor remain poor," the Redditor said.
There's a lot of truth to their words. For example, in 1950, the share of total wealth owned by America's top .01% was 2.3%. In 2018, that figure stood at 9.6%. It's not that easy to see eye to eye with those you are at odds with.
#17
I do consulting for public companies and work directly with CEOs and board members, so they’re all multimillionaires, but only a couple in the 3 comma club.
1. There is no demarcation between personal and professional time. “We should set up a call” meaning vaguely next week, and they will respond with “I am free at 10 am on Sunday while I’m at my kids ski lesson”.
2. They ask a million questions. About every detail. This is the number one personality trait I’ve noticed - the critical thinking is to the point where if you misspeak one word that is easily well understood, they will question you to be certain. I do think this is one (of many) factors that has made them successful.
Red_panda 2 years ago
Here I am wishing I was part of the "one comma club"
Load More Replies... Zaphod 2 years ago (edited)
My Uncle is kinda like #2 in that he will judge you for making the wrong word choice. He is also wealthy, but not uber rich. About 20 years ago, he told me, "I EXPECT you to take care of me in my old age. I just want you to know that you are not in my will, and you never will be." He has no other family, aside from my brother. I live in Denver and he lives in San Francisco (1250 miles by car). More importantly, we have never been close.
PolymathNecromancer 2 years ago (edited)
I can (for personal emotional/spiritual protection, and Behavioral Health reasons, not money) COMPLETELY understand and relate to being the #2 above; I do it constantly BUT **Judgment is COMPLETELY Unacceptable**. As far as the Expectation thing, I would tell him verbally AND in writing in various media, in no uncertain terms, that he can SUCK THE FART OUT OF MY ASSS
Load More Replies... Moosy Girl 2 years ago
Hm, sounds like I could be a millionaire if social anxiety didn’t stop me from asking all the questions I’m thinking out loud. :p
Paul Brown 2 years ago
My boss is a millionaire and asking questions is also one of his traits. He would ask questions that I would never think about.
Paul Brown 1 year ago
That's one thing ive noticed about my employer, who is multi millonaire. He asks a lot of questions about everything! He's started 3 different companies and he actually learned about each company he started from the ground up. He worked every position in each business. Incredible intelligent person.
Max Fox 2 years ago
"Critical thinking" - that term doesn't mean what you think it means. And no, that's not why they are successful. The main traits that make them successful in growing up wealthy. The media venues for the wealthy like claiming that "most Billionaires are self made". Maybe, assuming that "self-made means "grew up decently wealthy, but because super wealthy". However, there are over 4,500 people who are worth more than $500,000, and 45,000 that are worth more than $100,000. These mostly have inherited their money, and generally have far more wealth than that. So while there may be a good percentage of Billionaires who grew up upper middle class rather than super wealthy, when you look at the people who have hundreds of millions of dollars, and can afford the stuff described here, they have generational wealth, and are "successful" because other people make sure that those $500,000,000 are making more money.
JaimeeJames WD 2 years ago
If I could be a millionaire let alone a billionaire I’d also be fine with working at any time on any day. I basically do that in my work now and don’t even get overtime.
#18
Hire a private chef for a casual Tuesday lunch with her girlfriends...
$2k, just like that.
Mr. Toast 2 years ago
If you are a billionaire say just 100,000,000 then 2k that isn't that much. It is all relative. Simply put if you run the maths say you earn 30k a year then that equivalent spend for you is just 6 dollars but in your salary 2k is nearly a months salary so it is shocking.
Mary Lou 2 years ago
If you are a billionaire, you got your own kitchen staff, not just one chef, but at least two, to have one to f.e. travel and prepare ahead when you go to one of your holiday resorts or and you and your SO are in different places. The kitchen staff on your yacht may or may not be on permanent pay check. Hiring a chef for an average lunch is basically middle class rich😆
Load More Replies... #19
I knew someone who didn't like to do laundry so she just bought new clothes for each of her 4 kids every week. They were always high quality or designer clothes. At the time, all her kids were 10-16 yrs old. What would happen if they liked an item a lot and couldn't find it again? Why not just teach the kids to do their own laundry? Why not hire a housekeeper who can do it? There are so many options, other than spending thousands every month just to avoid laundry. Plus they rarely donated it. Just bagged it up and threw it out. I never could wrap my head around it.
Raphapablap 2 years ago
As someone who always washes new clothes before wearing them, I'm doubly horrified
PolymathNecromancer 2 years ago
YES so much YES... not washing first is GROSS and UNHEALTHFUL... so many CHEMICALS and other nasty matter... if people ever spent any time working in manufacturing, they'd never, ever, ever not wash... I even wipe can lids before opening... so disgusting
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Heather Evans 2 years ago
I would be stealing their trash for sure, dress my kids in designer then donate to a place that will give it away free
FaceTime Audio 2 years ago
Ew. Washing machines make laundry not very challenging. She could hire someone to do the swapping and folding (the irritating part). Why wouldn't you love the feeling of perfectly broken-in jeans?
Nimues Child 2 years ago
I had a wealthy boss who would FedEx his shirts home to be cleaned and FedExed back to him when he was traveling. Dunno why, but it always made me SMH. The kicker is that he bought a bazillion of these shirts on sale at Filene's Basement back in the day!
#20
My wife and I used to babysit for this wealthy couple when they went on ski trips etc.. Except for the children's schoolbooks, there wasn't a book, magazine or newspaper in the house. The man was a publisher.
Awesome At Being Autistic 2 years ago
Okay, maybe they just have Kindles? You won't see many actual paper books in my house but I've got thousands in ebook form.
PolymathNecromancer 2 years ago
Ugh... I can relate oh so much to reading, I even reject anything video in favor of tech literature because it's quicker and easier for me, but I absolutely must have tangible materials, especially because no matter what I read I always flip back and forth to enhance understanding. I especially hate any parts catalogs not on paper. Maddening
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Thomas Ewing 2 years ago
I've met rich illiterates. No books or magazines anywhere except maybe a TV guide.
#21
I've worked in two companies that went from nothing to ~$2B sales in ~20 years. The founders were all engineers and still worked alongside us. My favorite one used to ask permission to sit at my lunch table. He's easily the greatest human being I've ever known. You'd never know the kind of money he had if you saw him. He still drove the car he restored himself in college. He'd drive across town to save $0.05/gallon on gas. Just from his public stock trades we knew he had hundreds of millions though (this was in the 90s). I still talk to him. I emailed him last week. Honestly, all of the founders have been something like him although he was the greatest one. The others did spend their money though, sometimes extravagantly. One for example had married a history major and had the hobby of relocating historic buildings to his property. His house had museum quality antiques, such as George Washington's dinner table, and he actually used them. I guess by the strictest definition I'm a multimillionaire as the first digit of my Fidelity account does go to 2 sometimes. As a nearly 50yo engineer that's not that unusual though. Millionaires aren't what they used to be.
E 2 years ago (edited)
It's true though, was saying this the other day. A 2 bed house in my parent's town in the UK will easily set you back £500-750,000 these days. If you won a million it's no longer a massively life changing amount of money.
Load More Replies... Nimues Child 2 years ago
A friend's father from high school (back in the day) had this life plan: find a startup to work for, invest everything in their stock, repeat until one hit. The very first startup he worked for was DEC (Digital Equipment Corporation) in Maynard, MA. Ka-CHING!!! Right out of the box!
Casey Payne 2 years ago
Millionaires may not be what they used to be, but dirt poor is still mostly the same. And there's more people to experience it too. Not everyone can make it to the top, but they certainly can hit rock bottom.
v 2 years ago
"Millionaires aren't what they used to be." For some context, about 7% (about 23 million people) of the U.S. population are millionaires today. All the way back in 2000 the number hovered around 8 million people.
PolymathNecromancer 2 years ago
Wow. Really does show the comment to be true. To view this in even greater context, we need to also see how many people in 2000 were worth $560,000 compared to today's 23 million people. This is the only way to make a truly accurate comparison. Or see how many people today are worth $1,787,000 today compared to the 8 million of yore. These additional tidbits will tell us even more,
Load More Replies... Uncle Schmickle 2 years ago
That's right. The old rags to riches types were the best. Came up the hard way, but saw reality in everything, still got their hands dirty, and generally treated their workers nicely.
#22
I work in Fintech. Literally had a billionaire come to our office with his team last week. I meet a LOT of fancy people, and a lot of people pretending to be fancy like they believe they can "fake it until they make it" but their idea of what fancy people do is flawed. 1. Actually fancy people lead with curiosity about others, out of social self-preservation. They have usually met some very high status people and somewhat regularly... so if they don't know you... and you aren't a service provider... They try to "figure you out" pretty early, they don't want to make an a*s out of themselves in front of the; Surgeon General of ___, or the CFO of A FORTUNE 10 company, or the Guy that invented the pacemaker keeping their Mom alive, or the most elite White Hat Hacker in the country, or the biggest Pop star in Korea, or the Shaw of Bahrain, or the biggest oil tycoon in Texas, etc. Because THOSE are the people they see in the private airport, or at the elite medical clinic, or at that restaurant bar, or the friend's dinner party, or in the green room waiting to give a keynote or interview etc. In my experience, 100% of the time when you meet someone who leads off with bragging about themselves, or inferring they are the fanciest person present - they are a blowhard nothing burger. It's always some middle manager who thinks they are king d**k because they finally bought a motorcycle. Some of the fanciest people I've met will actually delay sharing their name or other context because they assume you have heard of them, and want to see if you are actually nice or just an a*s kisser. You can disarm them by just asking some peer type questions, like "how is your week going?". Or failing that, share a verbal menu of stuff you know deeply, so they can learn about stuff from you. They can be very curious and there is not infinite time to learn, so your best gift may be a shortcut to learn just enough about XYZ. 2. They will default to offering to buy/pay for things they want in the same sentence they make the ask; "Can I buy a side of ___ to go with this?" or "I'd rather just hire a car to take us, I'd pay to not walk", or "I want to treat you to ___" or "Can I come see you, I'm eating keto, where can I have groceries delivered?" etc. To save time, they just make it clear they will pay for convenience and comfort. Because just the discussion about who will pay is a waste of time if your time is worth $500+ an hour. The mental math goes; Nothing on this menu is more than $50, even with drinks, etc... This meal would be under $1,000 worst case scenario... I'll just eat the cost. If it's worth seeing these people, it's worth hosting. They are shocked and annoyed when you can't pay in full at time of service. Like a medical procedure and the staff can't tell you the cost until you get a bill later. They would rather pay now, and not have to think about it... even if it's $10,000. 3. They will consider durable items as disposable if/when it makes life easier. Clothes, furniture, sports equipment, a fully stocked bar, etc. Like; "I'll just buy skis when I get there, and donate them when I leave" or "I hate this couch, order a new one for the month I'm here." or "We need beach furniture, just go to target and get two patio tables and 12 chairs, plus whatever looks good in the swim aisle" or "Can I have this gym equipment delivered to the hotel and just leave it here for me?" or "Go buy three dresses for me, the staff has my measurements, I'll leave them for my niece", etc. They may just have full sized bottles of hair, and skincare items delivered, just to use a couple days and leave them in the hotel. It can be "worth it" to have $500 worth of their favorite products nearby, and travel sized bottles or filling their own at home is too much of a hassle. Kids are given top of the line bikes, a microscope, a PC, or art supplies, etc just to use them a handful of times. If the only version is giant, they will still get that to have their favorite. So they may buy a pallet of something just to use 4, if the pallet is the only option. Like, "oh... the wine store only had cases, so I got a case." Even something simple, while in their home town, like... people want to go to yoga in the, so I'll just hit a shop and buy some gear... rather than drive home and pick theirs up. It's part of their lifestyle to constantly have cast-offs to gift to people in orbit. For them, it's as natural as throwing out a gum wrapper. The items are easily replaced, and essentially/relatively worthless (to them) after use... Items can literally have a negative value to them; "I'd rather die than try to ship a bike home" or "Why would I want to carry 2 gallons of haircare with me on my personhood?" 4. They walk into any room like they are supposed to be there, the amenities are for them, and they look around for handlers or staff to help them. A rich person walks into a hotel lobby, and knows the coffee is for them, they sit in any chair. They look for the valet and concierge. They expect someone will come get them when it's there turn to check in. If they are very notable, the hotel will be expecting them, and greet them by name when they come in. They may have items or staff waiting for them, and immediately ask which items they can help with... "Which bags can we take and which do you want to keep with you. Do you want turn down service right now? Dinner in your room or in the restaurant? Do you need any spa appointments? Do you have all the event tickets you need? Are you parking a car with us? Are you expecting any deliveries? Do you need fresh ___?" etc But it's routine and boring to them. It's not a glamorous red carpet experience where they float around like a rock star... The rich person has same polite expectation of asking for a pen in a bank; "obviously they have one and I can use it." Because they are used to servants (even if they are part time, or they are called something different), they may act like the people are not present. It's not to be rude like "you aren't a human" rather, it's to allow the worker to do their logistical work without adding the social burden of "entertain me" or "be my therapist". They may believe it's offensive to pretend staff are your friends, because it's a level of faking the staff should not have to do... like it's "needy" of the rich person, and they want to be more respectful and self respecting than that.
Mimi M 2 years ago
I like this one. It's not all good or all bad, just realistically descriptive.
UnicornSnotRules 2 years ago
I have a friend that's relatively well off, and the one about buying a case if that's only what's available is true. I've been on the receiving end of many things because there were certain things that they wanted that were only available in bulk buys, and they just bought a pallet or case of them., used what they wanted, and then passed the rest out.
#23
I'm late to the party, but my stepbrother is worth about $50 million. Things I notice that are different for his family: * Kids order Uber eats for the smallest things. Like even a milkshake * Private chef for almost every meal. Guy comes with bags of groceries and starts cooking something randomly, and leaves after it's done * Nearly full-time staff that help keep the house clean, do dishes, clean towels, make shapes with them, sets up tables for meals, etc. * Will randomly fly places they feel like going because they can, and use a private jet to do so. Basically, "I feel like going to Florida tomorrow," and they do it. * Have a private - I don't know the exact word - "shelter" at a private beach. Basically, you just walk up to this living room that's by the beach and when you're done you close it off. All foods/drinks are included in their monthly fees * For larger gatherings, they hire a catering company to set up tables/chairs/etc. and will often hire "hosts" to keep the party interesting. I.e. they'll do games like trivia night and such * Their "friends" circle consists of CEOs and other multi-billionaires. A lot of them no concept of daily things we have to deal with like shopping for flights to visit people, the pain of finding cheapest hotels, and even the ordinary clothes shopping or food shopping * You wouldn't normally tell they're rich by seeing them. It's not like they wear $500 designer clothes. * Have no concept of shopping for groceries. All food is purchased by their private chef * On that note, they will spoil themselves with stuff like In-N-Out on occasion (usually through Uber Eats or whatever) * They do drive places and drive rather "normal" (as in not Ferraris) cars like BMWs, though for events like going to a sports even they'll have a private driver so they don't have to deal with parking * When my stepbrother was working, it was like a 24/7 job. Even on vacation he'd be taking calls, whipping out his laptop and doing some work, etc. at random. Christmas day? Yeah, he'd take calls and handle them. Though, he denies working as much as I thought he did, but anecdotally I saw otherwise I'll try to add more as I think about it. I did ask him once about his money and how he felt about knowing so many people out there are struggling. He said, "to be honest, I don't know what to do with my money, but I also know what not to do with my money. So many people try to take advantage of a situation, but does it really help?" Basically, he didn't trust people.
BabaBizzle 2 years ago
If he earned his money without stealing it then he can do what he wants with it. By employing chefs or ordering Uber eats or going to vacation spots, he’s spaying to keep people employed. I would not dare ask someone about their finances or if they have guilt with them. Sounds like you’re jealous.
The Darkest Timeline 2 years ago
He really shouldn’t require his employees to be spayed
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Shawn Matz 1 year ago
In-n-Out does not allow ANY delivery. No Grubhub, no Uber eats, nothing. No matter how much money you have. Their assistant probably picked it up for them.
Uncle Schmickle 2 years ago
If you have so much money as " don't know what to do with it ", give it away to good causes. Eg. Andrew Carnegie.
Vortiporius 2 years ago
I'm studying to become a mechanic because I recently had to use a food bank, and I felt guilty taking help and not being able to provide any back when struggling with my mental health. So now I'm in college working towards opening a garage that does free repairs for people that are in financial difficulties, would he be interested in helping me set it up when I finish my course in 2-3 years?
The Darkest Timeline 2 years ago
The wealthy use some of their money to free themselves from the mundane so they can focus on staying rich. The poor are consumed by the mundane.
#24
Dated a rich girl that never wore the same pair of socks twice.
Raymond Smith 2 years ago
Or had an onlyfans account for people with a foot fetish. I’ve known people that do that with underwear.
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EasyBreezyCataneze 2 years ago
Had a teacher in middle school. Only once in 3 years saw her repeating a dress. Never understood why she wanted to become a teacher. But she was great.
Featherytoad 2 years ago
You must have really liked her to notice something like that.
Load More Replies... Raymond Smith 2 years ago
Michael Jordan is the same way. Of course he is/was the face of Nike.
Mari 2 years ago
My mother did this too, she has OCD and has the idea that socks will never return clean even after washing.
PolymathNecromancer 2 years ago
It's way grosser to wear things new without washing first :-/
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Mr. Meeseeks 2 years ago
My dream right here!!! No question the first thing I would do if I won the lottery (I don't play, so this will stay an amazing hypothetical) is buy 365 pairs of socks! Nothing beats that new sock feeling! I approve of this rich person behavior.
#25
Way back in 1985 I was at a Christmas party in Crete Coeur, MO. I was just 21 and thought it was insane and still do all of these years later. this person had a house completely carpeted in white. Including the KITCHEN. She had 24 hr emergency carpet cleaner contractor.
UpQuarkDownQuark (he/hey you) 2 years ago
When I was 7 or 8 I was at a big family get together at my grandparent’s house. I was enjoying eating and drinking as much I wanted with little supervision, but I felt really sick halfway through my FIFTH can of strawberry soda. (Kids are stupid.) My grandmother said I could lie down on her bed. After a few minutes I suddenly had to vomit and ran as fast I could to the bathroom, but ending up leaving a long line of pink vomit from her bed to her bathroom door on her new white carpet. I remember her on her hands and knees, scrubbing and scrubbing, and sadly muttering to herself, “He could’ve have just thrown up on the bed.”
k sand 2 years ago
White carpet practically begs for strawberry vomit to happen.
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FaceTime Audio 2 years ago
WHY. Why would you want a house that feels more like a dentist's waiting room than a home? Sometimes a little schmutz makes it feel cozy (not talking "this place is a biohazard" obviously, but a general "there are human beings living here" feel).
LargeMarge 2 years ago
I live in Saint Louis, MO. It's actually spelled Creve Coeur, which is a suburb outside of Saint Louis City. Creve Coeur is where the well-to-do and the wealthy live.
ManyBrothers 2 years ago
Creve Coeur, MO, not Crete. Creve Coeur and Ladue are two of more wealthy areas of St. Louis. And a white carpeted house + kitchen is just nuts!
#26
They do *not* like being told "no." Super rich people are almost always used to getting their way, and they can have mini-tantrums when they don't. Although there is a difference between people who were self-made and came from modest beginnings and the children of those people, who are the crazy, sociopathic people that always expect to get their way.
Hiram's Friend 2 years ago
Musk Derangement Syndrome is starting to catch up to Trump Derangement Syndrome.
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Michael Largey 2 years ago
They also don't like being told "Wait". There was a parent committee to raise money to build a soccer stadium complex for our school. One parent asked how long it would take to raise the money. When told it would be two or three years, he replied "That's too long." and wrote a check for the entire amount on the spot. And in case you're asking the obvious question, the only child of his that played soccer had already graduated. I was once at his house for a graduation party. It was the kind of home God would build for Himself if only He had the money.
Frank Russell 2 years ago
So he hung around to make sure other kids at his child's school had what was needed. Good on him.
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LadySparre 2 years ago
Many years ago as a resident I drew the short straw, and had the nightshift in the ER on New Year's Eve. The rather infamous son of a well known billionaire came in after (yet another) provocative episode. Back then you couldn't use your cell phone in hospitals. He went on to call everyone (and their mother) about being in the ER because he'd been lightly slapped by some "fattiglus" (Danish derogatory for poor person) Yes lightly slapped... Not even a red mark in sight. I asked him to turn of his cell and he exploded in a spitting fit of rage, screaming: Do you know who I am!! My answer was: Yes you're the rather loud and Ill mannered person who can't read the signs...
Edison Lima 2 years ago
In my experience, they do HATE to be told no, but seldom take it personally. If you say no you just cesse to exist to them and they turn to someone else and ask for the same question until they get a yes.
#27
They don’t work for an hourly wage. They do something once that they can make money from a bunch of times. Write a book, create a class, make a podcast or newsletter, make a video game. And then they save and invest their money so it will compound. Compounding interest is the secret to being wealthy.
The Darkest Timeline 2 years ago (edited)
It is absurdly rare that a person rises from crushing poverty to become exceptionally wealthy but those few stories are the only ones some people want to talk about because it reinforces their belief that it’s common and, therefore, possible if you just “work hard enough.” The FACT that most people who are insanely wealthy did NOT come from “humble beginnings “ is downplayed because it just isn’t as heroic. Sure, their families may not have been obscenely wealthy but they very rarely were raised in abject poverty. Which is fine but the “rags to riches” myth is greatly overstated.
Load More Replies... Robert T 2 years ago
Not so much interest, but stock, investments and property. Interest rates are never that fantastic, and you aren't going to get rich of 5% a year. £1m at 5% only pays £50k/year. Invest that properly and a return of 10-20% is a possibilty. My problem is not having that first £1m.
Berdarien Brown 2 years ago
This is absolutely wrong. It's where compounding comes in. Also the more money you have the higher the rates. It's easy to find interest rates around 10% for 1m and upwards of 20-25% for 10m+. Then have it sit in an account (as you're wealthy and don't need the money) 10% over 20 years is over 6.5m from the starting 1m. I have friends who are money managers. More money = better rates to absurd returns. Older money isn't better it's just older so easier to have more.
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#28
6000 square feet home with one person living in it. That’s weird
ValdaDeDieu 2 years ago
My nightmare is having a home that's so large that I've never been in every room...
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#29
I’m a financial planner for hnw individuals, mostly business owners.
Here’s what I’ve seen:
They practice delayed gratification until they don’t have to.
They have a budget that they follow for the most part.
They set goals & think critically about their plan to accomplish them.
They take data-driven risks & execute.
They use a task list every day.
They automate when feasible & delegate when it makes sense.
They sleep well & eat healthy.
They practice productive mental health habits including setting boundaries with family & friends, saying “no” when appropriate & more.
They put their fixed costs under 20% of their monthly paycheck & invest at least 20% of every paycheck into their goals.
Scarlett O'Hara's Ghost 2 years ago
I'm so outta touch with rich people, I had to look up hnw! High net worth
lily jones 2 years ago
And most of them just got ridiculously lucky because normal people won't become millionaires just by eating healthy and setting goals
Krd 2 years ago
Exactly. How many people do all that kinds of stuff, and end up poor/middle-class?
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Moosy Girl 2 years ago
“They sleep well & eat healthy” Pull the other one; we all saw Elon Musk’s bedside table! :p
Dragon mama 2 years ago
Bwahahahaha "put their fixed costs" hahaha I'm dying. My fixed costs dictate to me, not the other way round.
Marie BellaDonna 2 years ago
Right! Hard to invest 20% of my paycheck, when 95% already went to bills and groceries!
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Bouche and Audi and Shyla, Oh My! 2 years ago
They stay away from Starbucks, and they never put avocado on their toast.
The Darkest Timeline 2 years ago
If you’re in a position where your fixed costs are only 20% of your paycheck, you’ve already got a great start.
#30
They had part of the house permanently decorated for Christmas and it included a fully decorated Christmas tree that was suspended upside down from the ceiling. Which was actually pretty awesome.
Leviathan 2 years ago
We had the Christmas tree and everything up until May, mainly cause my mom was dieing and loved the colors, She passed May 22, 2023......Sadly We don't have enough money to power the lights now, so no Christmas tree and no presents, this also means no Christmas dinner {or actually many dinners for the last few months} cause we have no money for food, everything we have is on rent, and the internet {the net is for work}
Nikki D 2 years ago
It's only been 6 months and your first Christmas without her. My heart breaks for you. Please reach out to a food bank or charity, since my mom died 2020 we have relied on that. We always get a box with a pie, stuffing, instant potatoes and a ham or turkey. There is NO shame in that.
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Costco card 2 years ago
My dad did this when I was little so that my younger brothers wouldn't knock it over!
#31
My experiences: 1) CEO of large company. Didn't come from huge wealth so fairly self made. As others said, a literal workaholic. 24/7, 365 days a year. Zero boundaries between work and personal (and expected the same of his direct reports unfortunately). Endless energy. Perfectionist. Edited to add: his wife was a b!tch and his adult kids hated him. 2) Billionaire who inherited wealth. Was on his ranch in the West and this cow poke guy went with us on a horseback ride. He also cooked breakfast. I literally thought he was a hired hand, ends up he was the owner of the ranch. Was kind, friendly, could rope a steer like the "true" hired hands and make some mean breakfast tacos. Of course he flew to the ranch on his PJ while we got there dragging a*s in economy class with 12 hours of delays.
Jay Scales 2 years ago
I've had a similar experience. Self made millionaires tend to be very money driven - to the detriment of more important stuff. Those with inherited wealth can sometimes be lovely, down-to-earth, generous people. (There are always exceptions to both kinds, tho!)
Cyndi Moring 2 years ago
if you're born into wealth, it's on your parents to make sure you understand it's a tool meant to work for you, not the other way around. And definitely not to make you higher up than your peers.
#32
A waterfall and a river. When you come into the front door you are standing on a glass floor over a 4 foot wide stream running fast across rocks under you. To the right is a room with a rock face waterfall feeding the stream, and to the left there is a room with an open area pool with an “island” in the middle with a desk on it, and a glass bridge to the desk.
#33
My son's friend when in elementary school dad was one of the 2 founders of Capital One .
Mom had a secretary for play dates. Dad would fly to London to watch Tottenham. Had a permanent seat .
Their London house was next to J.K. Rowling's.
You couldn't tell by the way they dressed or their cars .
But their vacations were the big difference.
The strange thing is that their son loved a mango juice sold maybe 10-15min from their house . I always made sure we had some for mine . I send it to him via Amazon occasionally.
Heather Evans 2 years ago
I don't understand the last paragraph... what is strange about the boy loving mango juice?
somed ay 2 years ago
and why is the writer sending him juice from amazon when it's 10 minutes from their house? I'm confused.
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#34
I worked for a billionaire for a year. At first, it was great, because he made us feel he was in the trenches with us. I came to find out that he made fun of us (there was only 8 employees) for the salary he was paying us and tended to throw people under the bus. It was one of the very few jobs that I gave less than 2 weeks notice and never looked back. I am so glad to be out of there.
#35
Have no fear when addressing anyone, no social barriers
#36
Will share im fortunate to have earned a low 7 figure net worth as someone who was once homeless in my early 20s. many of those around me are low 6 figure employees to having mid 8 to low 9 figure net worth; many are in that $1-15M range I’ll share what’s happening to me as this money is becoming more normalized as I see a path to high 7 to low 8 figure net worth for myself My mindset has really shifted from “I can’t afford this” to “how can I afford this.” Im way more patient. I think much more long term with money. When poor, I thought maybe in 1-3 month intervals. Now, I think regularly in terms of 8-12 months and my main goals are in terms of 3-4 years. My impulse buying rarely happens because I control my environment to reduce that from happening It’s insane to think that $1k isn’t a lot of money to me anymore. I would easily drop $2-5k on a buddies business idea, and I know in a few short years that will be $10-50k per friend now problem. I have a mentor who drops $150-300k per friends biz idea. And this is a huge factor on how we get wealthier. Not every idea works out, but it only takes a few to do not even amazing, but fairly okay to start compounding In my day to day, I know have a bi weekly house cleaner, an executive assistant, and an admin. I could see myself hiring a personal chef a few days in a month in like 2 years. $100 dinner is annoying but it’s not a big deal Here’s what may surprise people. There are def rich people with teeth and sharp elbows , but honestly, they’re nice people - at least to your face; you can walk up to them and they will be nice. To become rich from nothing you were either lucky, or you worked hard consistently while maintaining and growing relationships. You aren’t going to go very far by being an a*****e. Yes some are stuffy and transactional (*ahem, Harvard + wallstreet types) Finally, rich people despite media and university rhetoric do a lot of good. We’re not all Mr money bags counting and hoarding our loot all day long. I will say I have helped a large number of lower middle class to middle class people become middle to upper middle and I love to see that transformation. I will say, people down the financial totem pole make it hard for rich people to help them. No rich person wants to just give a hand out or support someone with a plan that doesn’t make sense who isn’t willing to listen. I understand why some rich simply stop helping others
Deb M.F. 2 years ago
$1k not much money huh? That's my rent a month and half my take-home income... its a lot for me... :/
Donteatme666 2 years ago
I live in motel unfortunately with my family me and my dad both do 40 plus hours a week but we still can't afford a place to live because the place we're staying in takes all of our money. And to anyone about to say to be homeless for awhile and save our money I was for almost 4 years I won't go back my point is people with money are out of touch with reality
Geoffrey Scott 2 years ago
Do us(US) a favor then please? Urge everyone who has attained such success that paying into Soc Sec on every dime made (above 160k) is a reward to those who got you there. Employees and even those who have toiled their whole lives and are told their main source of income when they can't work anymore is "too expensive".
Kristal 2 years ago
This dude should tell his wealthy friends to start sponsoring University students (undergrad and grad). Usually they have plans, particularly grad students, that make sense and listen. I'm mostly living off student loans because, as an international student, I can only work 20 hours a week while school is in session
Lesley Shore 2 years ago
I envy you. I Was in finance for several years. Lending and loved it! Worked constantly from my laptop. Stress caused me to get multiple Sclerosis and my brain cannot function correctly to retain new information. ( I was 46) Now husband has Cancer. It's sad to watch those future goals just fade away. Now our goals are to fight for life. Live your live to the fullest -you never know what's next!
#37
They built their kid his own house behind their mansion. It had an arcade and a trampoline room.
#38
i didnt realise that the act of driving is some peasant s**t til i met them
Lauren S 2 years ago
I would enjoy this aspect of a rich lifestyle. I’m a terrible driver and would love to not have to drive ever again. But I live in the US and public transportation doesn’t cut it. I looked at how to go from my house to my work (40 min drive with no traffic) using buses and it was over 4 hours. I do want to note, I don’t admire the looking down on those who drive bit, that’s not kind, but having the luxury of being driven would be amazing. And honestly, it would make the roads a safer place.
Heather Vandegrift 1 year ago
Someone I realized when I had to take public transit after a car was totaled: not having to drive leaves a lot more time for personal growth or getting stuff done. If you don't get sick reading or writing while I'm a vehicle, you can plan your day, read a book to learn something new, conduct a meeting, all while NOT having to worry about what's happening in traffic
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Jennifer Y 2 years ago
My grandparents are not that rich but need a chauffeur. But it’s only bc they were too poor to get a car/learn how to drive when they were younger
#39
Take the risks. Worked with many millionaires in my time in security and what surprised me is how not smart they are. Most of them are just people who took a risk by starting a business or making the right investment and it paid off.
Lauren S 2 years ago
Or at least with the comfort of a safety net that most people don’t have.
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Sea Squirrel 2 years ago (edited)
You can also take a risk with just an idea. Without money. I know someone who took a risk like that while still in highschool. In the 90's she started as a 'specialist in advertising'. Internet was coming up. The number of tv channels grew. She started to help businesses to find the best time and place for their advertisements.
The Darkest Timeline 2 years ago
For every person that takes the risk and is successful, how many fail?
#40
Ooh, I can chip in here. My sister worked for an Asian property developer in London who bought a hotel in the south of France. He shipped his entire office to the hotel for the summer in order to get the renovation process up and running. He also needed a crew of people to work in the hotel for his employees friends and family, so I ended up working in food service and my wife was a maid. All in all there were about 100 people staying in the hotel. Owner's family and friends, office staff, a crew of Liverpudlian carpenters and builders and their families, along with a private chef and his partner who was a pastry chef. A local french chef and to top it off, the entire cooking staff from a top London restaurant (7 guys) who would normally go back home to Hong Kong for a month, but instead the owner flew their families over to France. We worked 6 days a week and when off work, we cold use the pool and other amenities (projection tv). The owner had a 14 metre boat with captain which we used on our day off. There was also a chef de service who "had all the keys" particularly the booze storage room- One day, he had to go and testify in a trial for 2 days so he left me in charge with the keys. The booze storage contained about €2 million worth of booze including Cristal etc. I was allowed to supply booze to the guests and staff. I used to hang out with the French chef who once asked me if I like foie gras, to which I said yes. We returned from the fridge with a brick of foie gras which we munched on. Oh, and the Chinese cooks complained that the French gas burners were not powerful enough so they had to get some proper wok burners in. One night I watched the original broadcast on Sky News announcing Princess Diana had been in a car accident. That was a great summer.
shawn mckinney 2 years ago
"...Princess Diana had been in a car accident. That was a great summer" Yikes! That is an awful way to end a post.
PolymathNecromancer 2 years ago
Not awful from the perspective of the OP, just a bit clunky if not interpreted similarly on our end. I took it as stating facts, which were out of the ordinary experiences for OP, one of which was watching "the original broadcast on Sky News" which was probably a major hookup at the time... we are all stupidly spoiled by access these days. And the last line "That was a great summer" refers to extraordinary experiences that were had, one of which was to get news instantaneously. Totally not weird. In fact, I think it actually respects the news of her death adequately.
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PolymathNecromancer 2 years ago
Yes. And organ meats imo are only to make amazing stock, or occasional other savory yum, not for eating directly. Like a liverwurst as part of a sandwich every year or so, and the occasional haggis or German/Polish sausage. Mmmmmm. Maybe a scrapple in a pinch.
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What do you think ?
Diolla 2 years ago
I have no problem with rich ppl being rich. That's just life. But what I find offensive is that especially the newly rich ppl are so incredibly wasteful. I read somewhere that they are responsible for an insanely large amount of pollution and other environmental damage. You can do better, guys.
Jude Laskowski 2 years ago
This definitely applies to Hollyweird types and NBA/NFL celebs, many of whom are incredibly wasteful. They act like environmentalists, then jet off on their private planes.
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Trisec Tebeakesse 2 years ago
Ah, a friend of mine drives a water-delivery truck. Fancy, high-end bottled spring water. He was telling me about a delivery to a penthouse in Boston, private elevator, the works. He humped about 50 gallons upstairs, and the client was surprisingly thankful. "My dogs are going to be so happy now."
Graham Berry 2 years ago
My issue is not with the rich but with the super rich. Money is often essentially power and power tends to corrupt. And even if doesn't people are fallible and tend to make mistakes. And the more power you have the more destructive an unintentional mistake can be.
Sharon Ammons 2 years ago
Was doing some side sewing for a woman who not only came from family money herself, but also married family money (they owned a bank). It was interesting. One day I was measuring for curtains when she got a call from school that she had forgotten to pick up one of her kids. She had a whole staff for her house - including a maid, cook and two nannies (one from South America to teach their kids Spanish) and she couldn't remember to pick up her kid from school. It cracked me up.
Red Reilly 2 years ago
When I was managing a pub one of my staff came over rather upset, I asked what was wrong and she told me that when taking a food order she asked if anyone was allegic to anything and this guy said to her 'only poor people' and then laughed. Why? What was the point of that?
Two_rolling_black_eyes 2 years ago
I went to college with a guy whose last name was Johnson. At graduation, a friend of mine headed to Harvard for an MBA recognized the guy's CEO grandpa. That was the first time we knew he was an SC Johnson (6th richest US family in 2020) heir. In retrospect, we realized he never spent money more than the rest of us but he also was the one person who was always in for a trip, concert, etc.
Diolla 2 years ago
I have no problem with rich ppl being rich. That's just life. But what I find offensive is that especially the newly rich ppl are so incredibly wasteful. I read somewhere that they are responsible for an insanely large amount of pollution and other environmental damage. You can do better, guys.
Jude Laskowski 2 years ago
This definitely applies to Hollyweird types and NBA/NFL celebs, many of whom are incredibly wasteful. They act like environmentalists, then jet off on their private planes.
Load More Replies... Trisec Tebeakesse 2 years ago
Ah, a friend of mine drives a water-delivery truck. Fancy, high-end bottled spring water. He was telling me about a delivery to a penthouse in Boston, private elevator, the works. He humped about 50 gallons upstairs, and the client was surprisingly thankful. "My dogs are going to be so happy now."
Graham Berry 2 years ago
My issue is not with the rich but with the super rich. Money is often essentially power and power tends to corrupt. And even if doesn't people are fallible and tend to make mistakes. And the more power you have the more destructive an unintentional mistake can be.
Sharon Ammons 2 years ago
Was doing some side sewing for a woman who not only came from family money herself, but also married family money (they owned a bank). It was interesting. One day I was measuring for curtains when she got a call from school that she had forgotten to pick up one of her kids. She had a whole staff for her house - including a maid, cook and two nannies (one from South America to teach their kids Spanish) and she couldn't remember to pick up her kid from school. It cracked me up.
Red Reilly 2 years ago
When I was managing a pub one of my staff came over rather upset, I asked what was wrong and she told me that when taking a food order she asked if anyone was allegic to anything and this guy said to her 'only poor people' and then laughed. Why? What was the point of that?
Two_rolling_black_eyes 2 years ago
I went to college with a guy whose last name was Johnson. At graduation, a friend of mine headed to Harvard for an MBA recognized the guy's CEO grandpa. That was the first time we knew he was an SC Johnson (6th richest US family in 2020) heir. In retrospect, we realized he never spent money more than the rest of us but he also was the one person who was always in for a trip, concert, etc.
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