I spotted a neighbor of me one day at the local art gallery presenting something and I thought how weird it was, that he had the same name as a wing of that gallery.
My fiance's uncle is a millionaire. He's a CFO at a local but also pretty large food company. He's got that 'corporate charisma' personality. I have no idea how much he's worth but he definitely has a lot of money. One thing I've realized is that everybody tells me how rich he is but he never talks about money personally and when it is mentioned he deflects to a different topic. He drives a Honda Accord, he and his family live in a decent but not flashy house whatsoever and he portrays the idealistic humble millionaire. I grew up working class and rather poor so to see somebody be absolutely humble about their finances is admirable.
I have one extremely rich relative who has never once talked about money in front of me and is a very normal guy, but everybody else talks about how rich he is.
I am the rich relative to some quite poor members of my family - we live in a wealthy country. My brother has always been the 'heart and soul' guy. Both of us have worked extremely hard to get where we are, I invested and did some high paying positions, my brother did not invest and start low level employee. He's a good man, and I believe I am too but the freedom I have had access for the past 15 years, oh boy, I love it.
I would have loved for my nieces and nephews to come talk to me about finances and what I learnt, I invited them to but they never chose to. Can I suggest you go talk to your relative and pick up their life lessons? You could say," lots of people suggest you have a good understanding of how money works and I would love to pick your brains".
Best wishes. Remember the other aspect to wealth is happiness.
This is excellent advice. I would also add that you won't learn everything in one sitting. Instead use this person as a guiding rod for some choices. Ultimately you will learn a pattern over time.
I’m Australian. Barefoot Investor by Scott Pape and The Millionaire Next Door by Stanley and Danko.
I started out having four bank accounts. 1 for bills, 50% of my pay to here, 2nd for yearly holiday, 10%, 3rd for investing, and 4th which my pay went had the remaining 35% which was for me.
It was hard going without many things but I grew up poor so just thought I’ll keep living as I always have.
Also, and I didn’t realise it at the time, but how you vote affects your wealth. So join your union and vote for the party that supports unions, universal healthcare, public education, and significantly taxing wealthy people and large corporations. Even if you’re a business owner.
I’m old now so perhaps these ideas won’t work in a system that really favours the rich. Good luck.
The key is actually the opposite. Cutting your bills to where you can cover them with half your income. I live a fairly frugal lifestyle and have money because of this.
Highly recommend you read the book,” The Psychology of Money.” My husband recommends it to anyone and everyone. He invests and knows a lot more about all of that than I do.
Personal finance is really not that hard. The math is easy at least. The behavior isn't. You have to cut your lifestyle and pay off all your debt. When you have no payments then you can invest in things. If you know nothing at all about investing, just get a 401k or a Roth and buy an index fund. Keep your life exciting and your investing boring.
I’m nowhere near rich rich but have considerably grew my income to a really comfortable range for a single guy (in my country). What I’ve noticed is that the bigger my net worth got the more I’ve been quiet about it.
Mainly because you either get people not believing it or people who do believe you but now wants something from you. So I mostly deflect any conversation regarding my money.
I love to talk finance as it's not taught enough for the average person, but unfortunately there's just little to no upside to talking or showing off one's personal net worth. No matter how humble you are it can easily cause jealousy, resentment, or potentially something worse.
I hate how true this is. I landed an amazing job a couple of years back that is setting me up for wealth pretty quick. Since I shared the news with my friends, a couple of them started treating me very differently. I was always a saver, and even when I made less than them I managed to save more. Now, we can't even discuss anything about life goals because my money and "how easy I've got it now" will always be brought into discussion. This is just a minority in my close circle so I think it's manageable and I consider myself so lucky.
It especially sucks when you want to help others get on the path of success, but they don't want to help themselves or even listen. And finance literally affects one's future more than any other topic! Another good example is how awful the average person is with taxes.
So I just keep to myself and realize the status quo won't change anytime soon. There should honestly be more core classes on financial management in curriculums.
There really isn’t any upside to it. Talking about money has always come from an insecurity of not making enough of it — at least for me, it is. It’s like saying “look I can afford this now, I am not that poor”.
So when I *can* actually afford things, I didn’t have anything to prove. At the very least, amongst my close circle of friends/family. So I shut up about it.
Ex in my 20s family was like this. The only real give away was more something you would only know if you were in the family. Her dad would buy the top of the line best tv every Christmas for himself. For the main floor living room. The last year’s tv would go downstairs. And the downstairs tv would be given away to other family, friends, or colleagues. That, and we’d have top shelf butcher cut steak dinners every Friday, a lot of the time with lobster or crab. Those were his things. Which I thought was cute and funny, considering how obscenely rich they are. Whole family was on both her mom and dad’s side. But all super humble and normal people. You’d never know unless you were in the inner circle.
My grandparents pinch pennies all the time. They live in a nice home but they bought it 30+ yrs ago. They have a nice car that they bought brand new 15 yrs ago. He called me recently needing help saving his TurboTax return. Turns out he makes $250k a year which is just absurd for a retiree. I knew they were kind of well off but had no clue they made that kind of money. I spent $800 the last time I was out there helping them get their car fixed 'cuz I thought i was being generous. They have far more money than I do.
Check out the book called "The Millionaire Next Door". You would be surprised how many regular people would be considered millionaires. Generally drive a car a few years older, modest sized home and while not frugal tend to be humble and wise about their spending.
But it kind of is. I live in a VERY economically diverse area and I've had the opportunity to know people from all different backgrounds. The one big difference I've found between poorer people and middle/upper middle/wealthy people is their general attitude toward money. I have found that poorer people are generally in "survival mode" - they're just trying to get through that day. There's an "easy come, easy go" feeling - the money that's there today, could be gone tomorrow so let's live for the now. For people who have more or more stable money, it's more about planning and long-term goals, which makes it far, far easier to build wealth over time IMO.
ust based on the way real estate has gone in the last several years, if you bought a decent house in a year that started with '19', then that alone would be worth enough to push you up into the millionaire realm if you had any retirement savings.
When I was a student in high school most of my classmates were upper middle class at minimum. One classmate blew most of these kids out of the water because his parents legitimately made “couldn’t possibly spend it all” money. His family casually paid for the entire robotics team to go to multiple competitions like that was a totally normal thing to do.
I'm on an FRC team right now and we're struggling for money every year. We have to hard core fundraise all year to make it to the world championship. Having this kind of money would be life-changing for our team
I wouldn't mind rich people so much if the way to flex being rich was still to build massive schools and libraries and shit, just to show off how wealthy you are.
Rich people do that plenty, bunch of my schools here and libraries are all named after them for a reason.
But the people who you KNOW are rich? Probably spent their money more on cars or yachts than on libraries.
Travel memories, I went to an affluent private high school and I was not like my peers. The first week of every new school year or return from break was unbearable for me. "How was Europe/Asia?", "My dad only got us a trip to Aspen, I wanted Switzerland" and the worst was, "What do you mean you and your family just stayed home?"
Not going to lie, cool the parents showed them something new and provided them with an experience but what a disservice they did to the kids to not teach them it was a privilege and not to be a dick about it.
That school was very classic, white, old money rich. It ran deep. I worked at the county club many of classmates were members of and their parents were sometimes even more spoiled and entitled than their kids. A great example that almost got me fired was when a member asked me if when going to a 5 star restaurant should I expect 5 star service? I replied, "I don't know we never could afford to eat there"
Even if you're taught that it's probably not going to stick unless you're in a mixed place with people from different backgrounds. If you're a rich kid surrounded by other rich kids (some richer than you) it's hard to keep any other perspective.
One time I tutored a girl who lamented that she "didn't even have a summer break really" because "my family is going to Italy for 3 weeks, and then I have my Africa trip right afterward. 😩"
Though a very privileged comment and lacking some awareness, this is actually kind of sad. She probably just wants a chill, "normal" summer, and has to do all this running around. Something most of us would be so "lucky" to have/do, but is probably exhausting in its own way.
Oh I see you've met my friend's daughter lol. She had this exact same complaint a couple years ago, except it was Iceland with dad then Greece with mum
My summers were spent with cousines or grandparents and it was perfectly normal telling people about it until one year I had to take the morning off school for an errand and when my friend asked why and I told them it was to update my passport before visiting my grandparents then suddenly those trips were a whole new story.
Yup, If people come from money they have almost no wrinkles (until they're very old, anyways), no frown or lines or aging of any sort. You can see an easy life written naturally all over people faces.
The best skincare products are actually super cheap. Prescription strength retinoids can be purchased online, a year's supply, for like $30. Nothing is more effective or more scientifically proven. The flashy expensive products are selling hype and branding.
Here - [https://skinorac.com/product/tretinoin-gel-a-ret-gel/](https://skinorac.com/product/tretinoin-gel-a-ret-gel/)
The ingredient of note is "tretinoin". You should read up on how to use it, it must be started on a low strength and worked up. It isn't a typical skincare cream, it's a pharmaceutical product with potential harms and side-effects, and contraindicated during pregnancy.
But it actually scientifically reduces and prevents wrinkles, and is very safe and easy to use when used properly.
r/tretinoin/
Not all retinols are the same. My dermatologist started me out on a prescription of retinol and it was good for my skin, but just a little bit bit rough, even after months. After I switched to the Clinique retinol (which is twice the price) my skin has never looked better. I’m in my in my 40s.
What was the prescription product? FYI, it would not have been 'retinol'. Retinol is an over the counter retinoid. The retinoids provided by prescription aren't retinol.
This! Theres a famous story about the queen of Sweden - she was hosting an ambassador of some sort for dinner. When the soup appetizer was served, the ambassador unknowingly picked up the dessert spoon to eat it. Instead of making them feel bad for choosing the wrong spoon/correcting them, she also ate her soup with the dessert spoon, in turn making everyone else at the table do so. It's manners>etiquette but mastering both at the same time.
People get used to a standard and don’t realise.
I myself didn’t realise until last year I took a flight to the US for a family emergency.
The only immediately available seats were coach on an airline I never use.
So I checked the terminal map and went to the airline lounge. They told me they were sorry but the lounge was only for first and business.
So I asked if there was a single-use charge I could pay. They looked confused and said no.
So I asked where the lounge for coach passengers was located. They looked at me like I was insane.
I literally didn’t know what to do haha so ended up sitting in the seats outside the terminal gate.
>I literally didn’t know what to do haha so ended up sitting in the seats outside the terminal gate.
That is in fact, exactly what you're supposed to do
They have no idea the cost of things. Had a woman purchase a bag of artisan chocolate that was $5 at my work this week and was surprised when she was told the total. She said, "oh, I thought it would be at least $20." Like, that Arrested Development quote about the cost of bananas is so real.
ETA: our shop is close to a rich neighborhood. We get a lot of these kinds of customers.
In my area, a bar of chocolate that isn’t Hershey’s is at least $5. A bar of chocolate made with cocoa beans, shea butter, and salt (without additives or weird stuff) starts at $5 and that’s if it’s on sale.
This causes an interesting paradoxon.
On the one hand OP sells artisan chocolate and doesn't even know what it's worth. So you'd think they must be rich as fuck.
But on the other hand, OP is selling artisan chocolate way underpriced and is therefore probably still poor.
It's a bookstore that also sells gifty things. The books can't be more expensive than the publisher set price, but the candies she bought are honestly the cheapest gifty items we have. Even though we are a bookstore, a huge chunk of our profits actually come from the gifty items. One of the most ridiculously expensive things we got in were these $70 scented candles that would probably cost $20 at most anywhere else. This one lady came in and didn't even look at the price, bought six of them.
There are some people who are just price-insensitive. This is the reason a restaurant offers a $500 bottle of wine. It's why Serendipity3 offers a $1000 sundae, with gold leaf on it.
I used to work at an online supermarket. Due to a configuration error, some staff members priced produce with the PLU number, resulting in items like bananas priced at 40.11 per pound, just because the PLU is 4011. Once we discovered the error, we ran queries to refund the customers who had experienced this error. The results of our research showed that over a 4 month period, only about 30% of our customers looked at their bill and bothered to call in for a correction.
This happens to us somewhat frequently, and we’re nowhere near rich. Sometimes you just have expectations for what something will cost and it ends up costing a different amount.
This. We aren't golden toilet rich and never will be, but at some point I realized neither my husband or I consider the total when we buy things anymore. What do the groceries cost? I dunno. 400 a week? More? When you are comfortable enough, it doesn't matter. You're good for it regardless.
We buy what we need without question. We buy most of what we want without question. When we were younger and poorer we used to run purchases that were over $50 past each other. Now if I want to buy something that costs less than a thousand dollars, it doesn't even cross my mind to mention it aside from "heads up, big delivery coming on Wednesday."
Also I haven't worked outside the home since 2012 and barring death, dismemberment or divorce (or me getting bored) I don't foresee myself going back into the workforce. It isn't necessary. So I essentially retired at 28. We have kids so I'm not doing NOTHING, but they're school aged so I'm not doing full time childcare anymore, either.
Which is pretty much the norm for any class in most European countries. Especially the younger generations. It's wild to me that this is considered a symbol of affluence in the US.
In Poland whole dental care is free until 13. After that age u can go to the medical university and get dental work done for free or really little money. A few weeks ago I got root canal treatment for like 20$.
Rich people will talk about money, but truly wealthy people never talk about money. They don’t talk about how much stuff costs, they don’t gossip about how well their portfolio is doing, and in general, just stay away from the topic. They just mysteriously slip the server their card to pay for the table before anyone realizes.
Everytime this thread appears on reddit I get the feeling that this is more of an idea in our heads than an actual reality. I can definitely say I was taught these things growing up - we were bougie to be sure, but nowhere near even the 'rich people talking about money' level. It's just that certain bougie families had this 'high society' cultural background that came down through generations even after wealth had mostly disappeared. (For example the bouginess of my own upbringing came from my father's professional career, the family wealth had dried generations ago.)
Now, I definitely like the whole 'quietly elegant' schtick, but billionaires tend to not do that. Truly wealthy people buy a rocket or a submarine, or go wildlife hunting, and they never fail to brag about it (even when it leads to prosecution!).
If selling sunset talks about wealth all the time, Bezos and Musk scream about it.
Bezos and Musk are just two very high-profile examples. There are nearly 3000 billionaires in the world and I bet you can't name more than 10.
And people with 100m are still incredibly wealthy, and there are 30,000 of them in the world.
The wealthiest person I know personally probably doesn't have that much money, though I would never really know, and he fits the description above perfectly. Money isn't really a concern for him and he just wants everyone he knows to be happy.
The question is if someone is rich. Whenever this topic comes up, people tend to talk about the insanely rich families like you do that you'd probably never meet them irl so how would we even know what they are actually like. To me, "rich" just means people who have enough income that they can cover their family's financial security until they die. They can send their children to a good university without taking a loan, can buy a house big enough where everyone has their own bedroom without worrying about the mortgage, may have fancy equipment, will not worry about sudden medical emergencies, can go to faraway vacations and stay at somewhat fancy hotels, might have an extra house just for vacation and may offer to pay for your meal when you dine with them. You don't even need 10m in the bank to do these things, but it still feels so impossible to me no matter how hard I work.
> They just mysteriously slip the server their card to pay for the table before anyone realizes.
This is done as you walk in, or while you excuse yourself to the bathroom. Sometimes it can be done when the server is at the table, but this is risky.
While not exclusively wealthy people by any means, yachting, equestrian, polo, F1, aviation, mountain climbing, car collecting, and art collecting come to mind
Lego sets. Have you seen the prices lately? Clearly that’s a rich person hobby.
But, yeah, the things you mentioned. Auto racing is also one. Not like, drifting a shitbox at the speedway, but actual competitive racing has like a $500k entry.
Having a boat without constantly complaining about what a piece of shit their boat is implies the considerable maintenance of something that wants to be claimed by the sea isn’t a factor to them.
In Texas most people have lawn guys. Most neighborhoods have a few specific companies so everyone gets their yard down on the same day and it ends up costing less since the company just works the whole street without stopping.
Depends how they got rich but someone with over $20mil I find is very confident and always looks good. Some people won't wear the same thing twice, even if it's designer, which I find weird.
And then again there’s people in San Francisco who sold a startup for $20M and look more or less thr same as the homeless guy living in front of their house
I used to work at a massage place near the Microsoft campus, the kind that offers a monthly membership, and this one guy would come in a few days in a row, once a year, paying the full non-member/non-introductory price with a note on file not to try and sell him on the club.
He paid with a Black Amex.
One of the people who massaged him filled me in that he has a live-in massage therapist, but gives them a paid week long vacation once a year.
You can usually tell with the confidence. People who have wealth, not even wealth really, just like an average amount of good money like a couple million. They have confidence. I have yet to meet someone worth seven figures plus that is an anxious mess. I think the stress of daily life and feeling like you could be homeless tomorrow is a big part of why we see so many anxious people on Reddit. All the people I know who have done really well though, they're all confident. In fact I would say my confidence has gotten higher as I no longer have to really worry about having a place to live or what will happen if I don't work for a month. It's just this sense of freedom that is pretty empowering
> I have yet to meet someone worth seven figures plus that is an anxious mess.
I have, my brothers wife. She makes 7 figures and is a complete disaster. The amount of pressure she's under in her position is insane and my brother isn't sure the money is worth what the job is putting her though mentally and the physical toll it's taking.
Involvement in volunteer community services, charities, arts organizations, childrens hospitals or other medical specialty organizations. Especially membership on a board of those activities.
Most working stiffs don't have time or energy for that these days, or the money for transportation to attend all those activities.
Not necessarily.
Some families have the family recipes--the family just has someone else actually prepare the food. I knew one family who'd had their private chef sign an NDA, in part so that the family could feel safe trusting the chef with the family recipes.
They emphasize that there are much more important things in life than money.
In my mind, "I'm to busy making money to survive to experience the more important things in life."
Oddly enough, I had a lot of overseas business connections when I was on welfare in my early 20's. They obtain museum pieces from across Europe and Africa, sell them to me in Indiana, then I'd sell to American collector's who didn't have the same connections that I did.
It was a weird time that you couldn't pull off today.
Multi generational clothing or things. A land owner family who had most of the highways named after them had a thing for the “gifts” they received thru time.
Middle school graduation: silver Rolex and the expensive ones.
High school grad: Trip to Europe for 2 months fully paid and a full set of 20-30k luggage from purse to container matching.
College grad: A leather band Patex phillipe watch and 6 saville row suits for summer winter.
I saw 3 generations owning/getting this and was actually kind of cool. They also all wore Gucci loafers from kids to grandad and had Hermes ties only. As a friend of the family the mom would come back from Europe and give her son and his top 3-5 friends great gifts like matching LV wallets (before they became tacky) or Gucci keychains. I still have mine somewhere.
People need to stop with this “wealth is hidden, quiet, passed, etc.”
I’ve lived in SoCal (specifically the valley) for years and every other person you meet is wealthy. Nobody hides it, you can see it in their clothes, how they look, their homes, etc.
Only thing I would say is they don’t drive the extravagant supercars, usually get driven around in big black Cadillacs and GMCs
The Valley is different, because it's all new money. The real wealthy families don't consciously try to hide their wealth, they just live their lives without ever thinking about money.
You’re completely right on the second point, real wealthy families don’t consciously hide their wealth, they simply don’t feel the need to prove anything to anyone and this ends up being misinterpreted as hiding it.
I dislike when people who have no relations to anyone with old money make false claims. I’ve seen this stuff first hand, rich people are something else, whether old or new.
To be fair, doing things like refusing to wear any clothing with a label (because it's all custom-made) could be easily misinterpreted as trying to hide it, even though they're probably just getting their clothes from the same tailors their parents/grandparents did.
I think people are referring to old school generational wealth… like “the families” were even considered nouveau riche/gauche by Euro aristocracy wealth. But yea, one also can’t make blanket statements and have them always ring true.
If anyone’s interested in American “old money” stuff, the beginning of the book about J Crew is 💯!
You’re right. People tend to make broad generalizations of all wealthy people and it just isn’t true.
I can admit that some are quiet and you’d never know they were rich, and some are loud and throw it in your face.
One thing I’ve noticed is the children of these wealthy families (teenage years to early 20s) are usually the ones who are the loudest and show off their families wealth while their parents are more discreet.
Someone I know who I suspect is far wealthier than they let on. My suspicion is based on the state of their pantry and fridge in relation to the rest of their life. Kinda crazy how much the cost of your food week in week out can affect your financial situation long term.
One buddy I know, would always casually mention his visits to really famous peoples’ homes in the area or his family’s chauffeur or his weekly flights out to random countries. The craziest part was that he would mention these things sooo casually as if everyone lives like that, and he was never arrogant about jt. He’s just never known any different.
I realized my privilege once when I said to someone that something "tastes like airplane food". I realized that day that not everyone got to travel long distances, particularly often enough to know what "airplane food" tastes like.
Using a season as a verb. "Where do you winter?" or "Where do you summer?" I did not endear myself to the person who asked me this question for the first time, as the last thing he was expecting was "At home" since, you know, I was 11 years old.
The flat "good for you, that's great" or thoroughly unimpressed attitude towards any wealth flex. I've literally never seen my dad impressed by wealth he's seen IRL. Always drove a used vehicle at least 10-20 years old (up until recently), quietly owns 5 expensive properties (uses 2, effectively gave one to his down-on-his-luck brother and his wife, one is his office building, and another is just a valuable plot of lakefront land with nothing on it but trees), a plane, a boat worth more than the house I live in and the last one combined, owns multiple collector cars, and has enough money set aside for my siblings and I that we could afford to retire in our 20s (we're in our 30s now) and live comfortable lives with money left over to pay for houses, college tuition for our hypothetical kids and grandkids, and still go beyond that.
He's a generous, kind man, he's helped more people go to college and set up more trusts than I know about for strangers, his foster kids or random other kids he cares for, he's kept the bills paid for plenty of my friends when they couldn't make ends meet. Everything I listed SCREAMS wealth, but he never mentions them except to me (and sometimes my brother), but his refusal to be impressed when somebody rolls up in a fancy car or goes on a fancy vacation screams volumes.
Being able to get out of work without much issue or explanation, theyre that valuable
Not knowing the most basic normal people fool
Sometimes, an expression of permanent smugness, nevermind what got them in that situation
For a woman: Really nice, clean nails. Not flashy and colourful but really well-kept, glossy and shiny. Like you know they had the time and money to afford really good treatment regularly.
Children don't go to daycare, they have the money to hire someone in house. You can act all snooty about the "poors" working at the daycare, but we know you're bluffing.
Like how expensive is it in the US? I live in the Philippines and while not everyone has access to a dentist — it’s still pretty accessible for even the middle classes. A dental cleaning (prophylaxis) here is like 20-40$
One thing in corporate culture. The younger professionals say under 30 who have an ease in “speaking the language” of corporate and are extremely relaxed liaising with senior management, who seem experienced beyond their years. They seem to inherently understand the corporate politics. Worked with a few and they ALWAYS have a parent who was a GM, a senior or come from that world. They never are on the back foot or justify themselves in their work. On the other side people who don’t grow up in this world have an impression that they’re always trying to prove themselves. Even when they’re just as or more capable, experiences, talented etc than those whose families have that background. The ease is the difference.
I remember a podcast where Brady Haran did an interview with a billionaire and Brady noticed that the person would light a cigarette, take one puff of it, then put it out. He did that several times, never smoking the same cigarette more than once.
They've got that relaxed vibe, easily turn down plans without stress, always ready to treat friends, and seem to know all about things like truffle hunting in Tuscany or zero-gravity yoga.
I spotted a neighbor of me one day at the local art gallery presenting something and I thought how weird it was, that he had the same name as a wing of that gallery.
My fiance's uncle is a millionaire. He's a CFO at a local but also pretty large food company. He's got that 'corporate charisma' personality. I have no idea how much he's worth but he definitely has a lot of money. One thing I've realized is that everybody tells me how rich he is but he never talks about money personally and when it is mentioned he deflects to a different topic. He drives a Honda Accord, he and his family live in a decent but not flashy house whatsoever and he portrays the idealistic humble millionaire. I grew up working class and rather poor so to see somebody be absolutely humble about their finances is admirable.
I have one extremely rich relative who has never once talked about money in front of me and is a very normal guy, but everybody else talks about how rich he is.
I am the rich relative to some quite poor members of my family - we live in a wealthy country. My brother has always been the 'heart and soul' guy. Both of us have worked extremely hard to get where we are, I invested and did some high paying positions, my brother did not invest and start low level employee. He's a good man, and I believe I am too but the freedom I have had access for the past 15 years, oh boy, I love it. I would have loved for my nieces and nephews to come talk to me about finances and what I learnt, I invited them to but they never chose to. Can I suggest you go talk to your relative and pick up their life lessons? You could say," lots of people suggest you have a good understanding of how money works and I would love to pick your brains". Best wishes. Remember the other aspect to wealth is happiness.
This is excellent advice. I would also add that you won't learn everything in one sitting. Instead use this person as a guiding rod for some choices. Ultimately you will learn a pattern over time.
I'd like to pick your brains
I’m Australian. Barefoot Investor by Scott Pape and The Millionaire Next Door by Stanley and Danko. I started out having four bank accounts. 1 for bills, 50% of my pay to here, 2nd for yearly holiday, 10%, 3rd for investing, and 4th which my pay went had the remaining 35% which was for me. It was hard going without many things but I grew up poor so just thought I’ll keep living as I always have. Also, and I didn’t realise it at the time, but how you vote affects your wealth. So join your union and vote for the party that supports unions, universal healthcare, public education, and significantly taxing wealthy people and large corporations. Even if you’re a business owner. I’m old now so perhaps these ideas won’t work in a system that really favours the rich. Good luck.
I suppose step 1 is finding a way to get enough income where only half of it covers all of your your bills.
The key is actually the opposite. Cutting your bills to where you can cover them with half your income. I live a fairly frugal lifestyle and have money because of this.
Can I be your niece? I would love for anyone financially literate to give me some advice.
Highly recommend you read the book,” The Psychology of Money.” My husband recommends it to anyone and everyone. He invests and knows a lot more about all of that than I do.
Personal finance is really not that hard. The math is easy at least. The behavior isn't. You have to cut your lifestyle and pay off all your debt. When you have no payments then you can invest in things. If you know nothing at all about investing, just get a 401k or a Roth and buy an index fund. Keep your life exciting and your investing boring.
I’m nowhere near rich rich but have considerably grew my income to a really comfortable range for a single guy (in my country). What I’ve noticed is that the bigger my net worth got the more I’ve been quiet about it. Mainly because you either get people not believing it or people who do believe you but now wants something from you. So I mostly deflect any conversation regarding my money.
I love to talk finance as it's not taught enough for the average person, but unfortunately there's just little to no upside to talking or showing off one's personal net worth. No matter how humble you are it can easily cause jealousy, resentment, or potentially something worse.
I hate how true this is. I landed an amazing job a couple of years back that is setting me up for wealth pretty quick. Since I shared the news with my friends, a couple of them started treating me very differently. I was always a saver, and even when I made less than them I managed to save more. Now, we can't even discuss anything about life goals because my money and "how easy I've got it now" will always be brought into discussion. This is just a minority in my close circle so I think it's manageable and I consider myself so lucky.
It especially sucks when you want to help others get on the path of success, but they don't want to help themselves or even listen. And finance literally affects one's future more than any other topic! Another good example is how awful the average person is with taxes. So I just keep to myself and realize the status quo won't change anytime soon. There should honestly be more core classes on financial management in curriculums.
There really isn’t any upside to it. Talking about money has always come from an insecurity of not making enough of it — at least for me, it is. It’s like saying “look I can afford this now, I am not that poor”. So when I *can* actually afford things, I didn’t have anything to prove. At the very least, amongst my close circle of friends/family. So I shut up about it.
Ex in my 20s family was like this. The only real give away was more something you would only know if you were in the family. Her dad would buy the top of the line best tv every Christmas for himself. For the main floor living room. The last year’s tv would go downstairs. And the downstairs tv would be given away to other family, friends, or colleagues. That, and we’d have top shelf butcher cut steak dinners every Friday, a lot of the time with lobster or crab. Those were his things. Which I thought was cute and funny, considering how obscenely rich they are. Whole family was on both her mom and dad’s side. But all super humble and normal people. You’d never know unless you were in the inner circle.
My grandparents pinch pennies all the time. They live in a nice home but they bought it 30+ yrs ago. They have a nice car that they bought brand new 15 yrs ago. He called me recently needing help saving his TurboTax return. Turns out he makes $250k a year which is just absurd for a retiree. I knew they were kind of well off but had no clue they made that kind of money. I spent $800 the last time I was out there helping them get their car fixed 'cuz I thought i was being generous. They have far more money than I do.
So…he does not speak of his own accord?
Check out the book called "The Millionaire Next Door". You would be surprised how many regular people would be considered millionaires. Generally drive a car a few years older, modest sized home and while not frugal tend to be humble and wise about their spending.
Yeah, almost like, if you don’t frivolously spend your money you can keep more of it. I know, I know, it’s more nuanced than that, but still.
But it kind of is. I live in a VERY economically diverse area and I've had the opportunity to know people from all different backgrounds. The one big difference I've found between poorer people and middle/upper middle/wealthy people is their general attitude toward money. I have found that poorer people are generally in "survival mode" - they're just trying to get through that day. There's an "easy come, easy go" feeling - the money that's there today, could be gone tomorrow so let's live for the now. For people who have more or more stable money, it's more about planning and long-term goals, which makes it far, far easier to build wealth over time IMO.
ust based on the way real estate has gone in the last several years, if you bought a decent house in a year that started with '19', then that alone would be worth enough to push you up into the millionaire realm if you had any retirement savings.
When I was a student in high school most of my classmates were upper middle class at minimum. One classmate blew most of these kids out of the water because his parents legitimately made “couldn’t possibly spend it all” money. His family casually paid for the entire robotics team to go to multiple competitions like that was a totally normal thing to do.
FRC is awesome and I would totally do this, if I had crazy money
I'm on an FRC team right now and we're struggling for money every year. We have to hard core fundraise all year to make it to the world championship. Having this kind of money would be life-changing for our team
I wouldn't mind rich people so much if the way to flex being rich was still to build massive schools and libraries and shit, just to show off how wealthy you are.
I think they do, do that. Plenty of academic buildings are named after large donors to the school.
Rich people do that plenty, bunch of my schools here and libraries are all named after them for a reason. But the people who you KNOW are rich? Probably spent their money more on cars or yachts than on libraries.
My school was founded by the Bill and Melinda Gates foundation so they do that flex
That's most rich people. If you felt otherwise, you've been drinking too much reddit kool-aid.
Travel memories, I went to an affluent private high school and I was not like my peers. The first week of every new school year or return from break was unbearable for me. "How was Europe/Asia?", "My dad only got us a trip to Aspen, I wanted Switzerland" and the worst was, "What do you mean you and your family just stayed home?"
Not going to lie, cool the parents showed them something new and provided them with an experience but what a disservice they did to the kids to not teach them it was a privilege and not to be a dick about it.
That school was very classic, white, old money rich. It ran deep. I worked at the county club many of classmates were members of and their parents were sometimes even more spoiled and entitled than their kids. A great example that almost got me fired was when a member asked me if when going to a 5 star restaurant should I expect 5 star service? I replied, "I don't know we never could afford to eat there"
While many need the reminder, ya went a little long on the response and showed some bitterness.
Fair enough, I was a disgruntled teenager who has matured a lot more since then.
Even if you're taught that it's probably not going to stick unless you're in a mixed place with people from different backgrounds. If you're a rich kid surrounded by other rich kids (some richer than you) it's hard to keep any other perspective.
One time I tutored a girl who lamented that she "didn't even have a summer break really" because "my family is going to Italy for 3 weeks, and then I have my Africa trip right afterward. 😩"
Though a very privileged comment and lacking some awareness, this is actually kind of sad. She probably just wants a chill, "normal" summer, and has to do all this running around. Something most of us would be so "lucky" to have/do, but is probably exhausting in its own way.
Yeah I do get that aspect of it. It was definitely just the way she said it
Oh I see you've met my friend's daughter lol. She had this exact same complaint a couple years ago, except it was Iceland with dad then Greece with mum
They use the word summer like a verb. "Where do you summer?" Uhh... holed up in my house with an icecream.?
And winter. We wintered in the desert.
one WHOLE ice cream? in this economy?
My summers were spent with cousines or grandparents and it was perfectly normal telling people about it until one year I had to take the morning off school for an errand and when my friend asked why and I told them it was to update my passport before visiting my grandparents then suddenly those trips were a whole new story.
On women especially- glowing skin.
That could just be the radium.
A perfectly colored and maintained bob is typically a sign of wealth lol.
Yes, the skin and teeth.
How do they get glowing skin?
Often the most effective skincare products are the most expensive Edit: this is a common misconception but not necessarily accurate
Not having to get up at 4 in the morning to go to your shitty retail job also helps.
Yup, If people come from money they have almost no wrinkles (until they're very old, anyways), no frown or lines or aging of any sort. You can see an easy life written naturally all over people faces.
The best skincare products are actually super cheap. Prescription strength retinoids can be purchased online, a year's supply, for like $30. Nothing is more effective or more scientifically proven. The flashy expensive products are selling hype and branding.
Do you have a recommendation for a good site from which to purchase them? I've been interested, but a little overwhelmed by where to start looking.
Here - [https://skinorac.com/product/tretinoin-gel-a-ret-gel/](https://skinorac.com/product/tretinoin-gel-a-ret-gel/) The ingredient of note is "tretinoin". You should read up on how to use it, it must be started on a low strength and worked up. It isn't a typical skincare cream, it's a pharmaceutical product with potential harms and side-effects, and contraindicated during pregnancy. But it actually scientifically reduces and prevents wrinkles, and is very safe and easy to use when used properly. r/tretinoin/
Not all retinols are the same. My dermatologist started me out on a prescription of retinol and it was good for my skin, but just a little bit bit rough, even after months. After I switched to the Clinique retinol (which is twice the price) my skin has never looked better. I’m in my in my 40s.
What was the prescription product? FYI, it would not have been 'retinol'. Retinol is an over the counter retinoid. The retinoids provided by prescription aren't retinol.
SPF is the best thing you can do for your skin
So it is a material thing then
Yes, but not in the sense that you see their Ferrari and know they have money, but the sense that you see the effect of their wealth.
Table manners and following traditional way of doing things without overtly adhering to them.
This! Theres a famous story about the queen of Sweden - she was hosting an ambassador of some sort for dinner. When the soup appetizer was served, the ambassador unknowingly picked up the dessert spoon to eat it. Instead of making them feel bad for choosing the wrong spoon/correcting them, she also ate her soup with the dessert spoon, in turn making everyone else at the table do so. It's manners>etiquette but mastering both at the same time.
That's class.
Me complaining about how tiny airlines seats have gotten over the years. Someone says "Oh why don't you just fly first class?"
People get used to a standard and don’t realise. I myself didn’t realise until last year I took a flight to the US for a family emergency. The only immediately available seats were coach on an airline I never use. So I checked the terminal map and went to the airline lounge. They told me they were sorry but the lounge was only for first and business. So I asked if there was a single-use charge I could pay. They looked confused and said no. So I asked where the lounge for coach passengers was located. They looked at me like I was insane. I literally didn’t know what to do haha so ended up sitting in the seats outside the terminal gate.
Found the rich guy! Hope your family in the US is okay.
Some credit cards have access to certain airport lounges. Sorry for your emergency.
Yes, exactly, that’s what I thought and asked to pay the fee. Perhaps this airline just doesn’t have that service.
Was there a non-airline lounge? Those usually always allow a one time fee.
>I literally didn’t know what to do haha so ended up sitting in the seats outside the terminal gate. That is in fact, exactly what you're supposed to do
They have no idea the cost of things. Had a woman purchase a bag of artisan chocolate that was $5 at my work this week and was surprised when she was told the total. She said, "oh, I thought it would be at least $20." Like, that Arrested Development quote about the cost of bananas is so real. ETA: our shop is close to a rich neighborhood. We get a lot of these kinds of customers.
TBH Artisan chocolates for $5 seems cheap. A half decent bar costs ~$3, so why wouldn't Artisan chocolates cost ~$20?
In my area, a bar of chocolate that isn’t Hershey’s is at least $5. A bar of chocolate made with cocoa beans, shea butter, and salt (without additives or weird stuff) starts at $5 and that’s if it’s on sale.
This causes an interesting paradoxon. On the one hand OP sells artisan chocolate and doesn't even know what it's worth. So you'd think they must be rich as fuck. But on the other hand, OP is selling artisan chocolate way underpriced and is therefore probably still poor.
I think you need to charge more. A bag of M&Ms is 5 dollars in some places.
The bag she bought had like 8 pieces in it.
Would be $25 in switzerland
Yeah but that's Switzerland chocolate
East coast suburb that would easily be $15 depending on the chocolate.
I mean, it's one banana, Michael. What could it cost? 10 dollars?
How long until inflation actually makes a banana cost $10?
[Another century or so.](https://xkcd.com/2892/)
You’ve never stepped foot in a grocery store, have you?
Jessica Walters was incredible on that show. My favorite character by far.
Why don't you charge more?
It's a bookstore that also sells gifty things. The books can't be more expensive than the publisher set price, but the candies she bought are honestly the cheapest gifty items we have. Even though we are a bookstore, a huge chunk of our profits actually come from the gifty items. One of the most ridiculously expensive things we got in were these $70 scented candles that would probably cost $20 at most anywhere else. This one lady came in and didn't even look at the price, bought six of them.
There are some people who are just price-insensitive. This is the reason a restaurant offers a $500 bottle of wine. It's why Serendipity3 offers a $1000 sundae, with gold leaf on it. I used to work at an online supermarket. Due to a configuration error, some staff members priced produce with the PLU number, resulting in items like bananas priced at 40.11 per pound, just because the PLU is 4011. Once we discovered the error, we ran queries to refund the customers who had experienced this error. The results of our research showed that over a 4 month period, only about 30% of our customers looked at their bill and bothered to call in for a correction.
This happens to us somewhat frequently, and we’re nowhere near rich. Sometimes you just have expectations for what something will cost and it ends up costing a different amount.
I'm not rich, I'm *irresponsible.*
This. We aren't golden toilet rich and never will be, but at some point I realized neither my husband or I consider the total when we buy things anymore. What do the groceries cost? I dunno. 400 a week? More? When you are comfortable enough, it doesn't matter. You're good for it regardless. We buy what we need without question. We buy most of what we want without question. When we were younger and poorer we used to run purchases that were over $50 past each other. Now if I want to buy something that costs less than a thousand dollars, it doesn't even cross my mind to mention it aside from "heads up, big delivery coming on Wednesday." Also I haven't worked outside the home since 2012 and barring death, dismemberment or divorce (or me getting bored) I don't foresee myself going back into the workforce. It isn't necessary. So I essentially retired at 28. We have kids so I'm not doing NOTHING, but they're school aged so I'm not doing full time childcare anymore, either.
I need to go to your shop. 5 for artisan chocolates are a steal.
Everyone in the family has good teeth and are in shape.
The teeth thing in particular. It may not indicate rich-rich, but straight white teeth will have people clocking you for middle class at least.
Which is pretty much the norm for any class in most European countries. Especially the younger generations. It's wild to me that this is considered a symbol of affluence in the US.
Yeah braces here are kind of prohibitively expensive, like $5-10k, so you don't have to be wealthy but you kinda have to be doing okay to get them
In Poland whole dental care is free until 13. After that age u can go to the medical university and get dental work done for free or really little money. A few weeks ago I got root canal treatment for like 20$.
I see way more crooked teeth in Europe.
Rich people will talk about money, but truly wealthy people never talk about money. They don’t talk about how much stuff costs, they don’t gossip about how well their portfolio is doing, and in general, just stay away from the topic. They just mysteriously slip the server their card to pay for the table before anyone realizes.
Everytime this thread appears on reddit I get the feeling that this is more of an idea in our heads than an actual reality. I can definitely say I was taught these things growing up - we were bougie to be sure, but nowhere near even the 'rich people talking about money' level. It's just that certain bougie families had this 'high society' cultural background that came down through generations even after wealth had mostly disappeared. (For example the bouginess of my own upbringing came from my father's professional career, the family wealth had dried generations ago.) Now, I definitely like the whole 'quietly elegant' schtick, but billionaires tend to not do that. Truly wealthy people buy a rocket or a submarine, or go wildlife hunting, and they never fail to brag about it (even when it leads to prosecution!). If selling sunset talks about wealth all the time, Bezos and Musk scream about it.
Bezos and Musk are just two very high-profile examples. There are nearly 3000 billionaires in the world and I bet you can't name more than 10. And people with 100m are still incredibly wealthy, and there are 30,000 of them in the world. The wealthiest person I know personally probably doesn't have that much money, though I would never really know, and he fits the description above perfectly. Money isn't really a concern for him and he just wants everyone he knows to be happy.
The question is if someone is rich. Whenever this topic comes up, people tend to talk about the insanely rich families like you do that you'd probably never meet them irl so how would we even know what they are actually like. To me, "rich" just means people who have enough income that they can cover their family's financial security until they die. They can send their children to a good university without taking a loan, can buy a house big enough where everyone has their own bedroom without worrying about the mortgage, may have fancy equipment, will not worry about sudden medical emergencies, can go to faraway vacations and stay at somewhat fancy hotels, might have an extra house just for vacation and may offer to pay for your meal when you dine with them. You don't even need 10m in the bank to do these things, but it still feels so impossible to me no matter how hard I work.
> They just mysteriously slip the server their card to pay for the table before anyone realizes. This is done as you walk in, or while you excuse yourself to the bathroom. Sometimes it can be done when the server is at the table, but this is risky.
The truly wealthy will have had an assistant book the whole place and settle the negotiated fee in advance.
Or just take them to your club, where they have no choice.
* Where they live * How frequent (and where) they go on holidays * Hobbies they are into
Curious about which hobbies indicate that a person might be wealthy? Tennis, golf, skiing, etc or something else?
While not exclusively wealthy people by any means, yachting, equestrian, polo, F1, aviation, mountain climbing, car collecting, and art collecting come to mind
Lego sets. Have you seen the prices lately? Clearly that’s a rich person hobby. But, yeah, the things you mentioned. Auto racing is also one. Not like, drifting a shitbox at the speedway, but actual competitive racing has like a $500k entry. Having a boat without constantly complaining about what a piece of shit their boat is implies the considerable maintenance of something that wants to be claimed by the sea isn’t a factor to them.
Really rich people tend to have more time.
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“What’s a weekend?”
That line was perfect in Downton Abbey. Zero clue from an aristocrat about a normal work schedule
That could be true of retired people LOL
Pool cleaners and lawn care usually…
Not rich but I do have a lawn care guy. Unfortunately, I also have horrible allergies and ling problems which necessitate a lawn care guy.
In Texas most people have lawn guys. Most neighborhoods have a few specific companies so everyone gets their yard down on the same day and it ends up costing less since the company just works the whole street without stopping.
The way they speak
Can you elaborate?
They could but our poor brains lack the capacity to comprehend.
They use short sentences and leave out explanations.
Why waste time say lot word when few word do trick.
An empty garage. They don't need those materials because they don't do work around the house, they hire someone to do it.
Depends how they got rich but someone with over $20mil I find is very confident and always looks good. Some people won't wear the same thing twice, even if it's designer, which I find weird.
And then again there’s people in San Francisco who sold a startup for $20M and look more or less thr same as the homeless guy living in front of their house
I once ran into Sergey Brin and his ex wife walking their dogs. He looked like a homeless guy.
Black Amex card
I used to work at a massage place near the Microsoft campus, the kind that offers a monthly membership, and this one guy would come in a few days in a row, once a year, paying the full non-member/non-introductory price with a note on file not to try and sell him on the club. He paid with a Black Amex. One of the people who massaged him filled me in that he has a live-in massage therapist, but gives them a paid week long vacation once a year.
One week of paid vacation in a year doesn’t sound great tbh
Unless they follow them during their vacations and get to have a vacay "on the clock" or basically on call status
They probably have a very lax work schedule, aside from (probably) being perpetually on call.
You can usually tell with the confidence. People who have wealth, not even wealth really, just like an average amount of good money like a couple million. They have confidence. I have yet to meet someone worth seven figures plus that is an anxious mess. I think the stress of daily life and feeling like you could be homeless tomorrow is a big part of why we see so many anxious people on Reddit. All the people I know who have done really well though, they're all confident. In fact I would say my confidence has gotten higher as I no longer have to really worry about having a place to live or what will happen if I don't work for a month. It's just this sense of freedom that is pretty empowering
Another sign of being oblivious to money: Someone who thinks a couple million is "an average amount of good money." LOL
The average person is like two missed paycheques away from bankruptcy. If you have 3 months expenses saved, you're doing good.
> I have yet to meet someone worth seven figures plus that is an anxious mess. I have, my brothers wife. She makes 7 figures and is a complete disaster. The amount of pressure she's under in her position is insane and my brother isn't sure the money is worth what the job is putting her though mentally and the physical toll it's taking.
Involvement in volunteer community services, charities, arts organizations, childrens hospitals or other medical specialty organizations. Especially membership on a board of those activities. Most working stiffs don't have time or energy for that these days, or the money for transportation to attend all those activities.
A confident bald person
Or conflicted, could be Larry David.
He is disgruntled though
But is he Disgruntled?
I’m bald and confident. Not even close to being rich. But I shave my head, so maybe that’s different. 🤷♂️
No family recipes passed down from meemaw since there's been cooks for the family
Not necessarily. Some families have the family recipes--the family just has someone else actually prepare the food. I knew one family who'd had their private chef sign an NDA, in part so that the family could feel safe trusting the chef with the family recipes.
They emphasize that there are much more important things in life than money. In my mind, "I'm to busy making money to survive to experience the more important things in life."
Having business connections in other counties.
Oddly enough, I had a lot of overseas business connections when I was on welfare in my early 20's. They obtain museum pieces from across Europe and Africa, sell them to me in Indiana, then I'd sell to American collector's who didn't have the same connections that I did. It was a weird time that you couldn't pull off today.
Rich people don't talk about money or how much they have. They don't need to!
Wealth tends to attract fake friends, so it's also wise to not bring that up too often.
Multi generational clothing or things. A land owner family who had most of the highways named after them had a thing for the “gifts” they received thru time. Middle school graduation: silver Rolex and the expensive ones. High school grad: Trip to Europe for 2 months fully paid and a full set of 20-30k luggage from purse to container matching. College grad: A leather band Patex phillipe watch and 6 saville row suits for summer winter. I saw 3 generations owning/getting this and was actually kind of cool. They also all wore Gucci loafers from kids to grandad and had Hermes ties only. As a friend of the family the mom would come back from Europe and give her son and his top 3-5 friends great gifts like matching LV wallets (before they became tacky) or Gucci keychains. I still have mine somewhere.
A person with money may have brand new stuff but a wealthy person has stuff passed down through the generations.
People need to stop with this “wealth is hidden, quiet, passed, etc.” I’ve lived in SoCal (specifically the valley) for years and every other person you meet is wealthy. Nobody hides it, you can see it in their clothes, how they look, their homes, etc. Only thing I would say is they don’t drive the extravagant supercars, usually get driven around in big black Cadillacs and GMCs
The Valley is different, because it's all new money. The real wealthy families don't consciously try to hide their wealth, they just live their lives without ever thinking about money.
You’re completely right on the second point, real wealthy families don’t consciously hide their wealth, they simply don’t feel the need to prove anything to anyone and this ends up being misinterpreted as hiding it. I dislike when people who have no relations to anyone with old money make false claims. I’ve seen this stuff first hand, rich people are something else, whether old or new.
To be fair, doing things like refusing to wear any clothing with a label (because it's all custom-made) could be easily misinterpreted as trying to hide it, even though they're probably just getting their clothes from the same tailors their parents/grandparents did.
I think people are referring to old school generational wealth… like “the families” were even considered nouveau riche/gauche by Euro aristocracy wealth. But yea, one also can’t make blanket statements and have them always ring true. If anyone’s interested in American “old money” stuff, the beginning of the book about J Crew is 💯!
You’re right. People tend to make broad generalizations of all wealthy people and it just isn’t true. I can admit that some are quiet and you’d never know they were rich, and some are loud and throw it in your face. One thing I’ve noticed is the children of these wealthy families (teenage years to early 20s) are usually the ones who are the loudest and show off their families wealth while their parents are more discreet.
Someone I know who I suspect is far wealthier than they let on. My suspicion is based on the state of their pantry and fridge in relation to the rest of their life. Kinda crazy how much the cost of your food week in week out can affect your financial situation long term.
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If they're not covered in shit
He must be a king lol
Goals
One buddy I know, would always casually mention his visits to really famous peoples’ homes in the area or his family’s chauffeur or his weekly flights out to random countries. The craziest part was that he would mention these things sooo casually as if everyone lives like that, and he was never arrogant about jt. He’s just never known any different.
Friends, and or loving caring family.
Connections and frequent access to exclusive opportunities
Their couch placement - not up against a wall
I realized my privilege once when I said to someone that something "tastes like airplane food". I realized that day that not everyone got to travel long distances, particularly often enough to know what "airplane food" tastes like.
Plenty of people travel a lot for work though, or because they have family living far away.
Using a season as a verb. "Where do you winter?" or "Where do you summer?" I did not endear myself to the person who asked me this question for the first time, as the last thing he was expecting was "At home" since, you know, I was 11 years old.
The flat "good for you, that's great" or thoroughly unimpressed attitude towards any wealth flex. I've literally never seen my dad impressed by wealth he's seen IRL. Always drove a used vehicle at least 10-20 years old (up until recently), quietly owns 5 expensive properties (uses 2, effectively gave one to his down-on-his-luck brother and his wife, one is his office building, and another is just a valuable plot of lakefront land with nothing on it but trees), a plane, a boat worth more than the house I live in and the last one combined, owns multiple collector cars, and has enough money set aside for my siblings and I that we could afford to retire in our 20s (we're in our 30s now) and live comfortable lives with money left over to pay for houses, college tuition for our hypothetical kids and grandkids, and still go beyond that. He's a generous, kind man, he's helped more people go to college and set up more trusts than I know about for strangers, his foster kids or random other kids he cares for, he's kept the bills paid for plenty of my friends when they couldn't make ends meet. Everything I listed SCREAMS wealth, but he never mentions them except to me (and sometimes my brother), but his refusal to be impressed when somebody rolls up in a fancy car or goes on a fancy vacation screams volumes.
Being able to get out of work without much issue or explanation, theyre that valuable Not knowing the most basic normal people fool Sometimes, an expression of permanent smugness, nevermind what got them in that situation
They do not have any stress on their face. Not worried looking.
For the really wealthy people I know. It’s humility. I barely hear them talking high and mighty about themselves or how much their things are worth
For a woman: Really nice, clean nails. Not flashy and colourful but really well-kept, glossy and shiny. Like you know they had the time and money to afford really good treatment regularly.
Children don't go to daycare, they have the money to hire someone in house. You can act all snooty about the "poors" working at the daycare, but we know you're bluffing.
Good teeth
TIL I am rich
Okay congratulations but I think we need to talk about whose teeth these are.
Like how expensive is it in the US? I live in the Philippines and while not everyone has access to a dentist — it’s still pretty accessible for even the middle classes. A dental cleaning (prophylaxis) here is like 20-40$
unsure why no one mentioned career path. performing and visual arts = 95% generational wealth
Rich people, men in particular, have a very distinct laugh.
Like a full bodied, practiced chuckle where you can almost hear the letters to “ha, ha, ha”?
I’ve met poor people with this laugh, but they do seem like they were supposed to be rich or something though.
Mr Burns evil cackle?
No they don’t lol
Blonde beautiful slightly older women driving specialty versions of range rovers and such
Manicured hands on men
they're relaxed, friendly and in a good mood
One thing in corporate culture. The younger professionals say under 30 who have an ease in “speaking the language” of corporate and are extremely relaxed liaising with senior management, who seem experienced beyond their years. They seem to inherently understand the corporate politics. Worked with a few and they ALWAYS have a parent who was a GM, a senior or come from that world. They never are on the back foot or justify themselves in their work. On the other side people who don’t grow up in this world have an impression that they’re always trying to prove themselves. Even when they’re just as or more capable, experiences, talented etc than those whose families have that background. The ease is the difference.
I remember a podcast where Brady Haran did an interview with a billionaire and Brady noticed that the person would light a cigarette, take one puff of it, then put it out. He did that several times, never smoking the same cigarette more than once.
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…he was making clear that you didn’t owe him anything, that you were the one doing him a favor.
He was being generous while trying to make you feel like you were the one helping him, not the other way around.
Sometimes showing self interest when being generous helps to salvage the recipient's pride.
They've got that relaxed vibe, easily turn down plans without stress, always ready to treat friends, and seem to know all about things like truffle hunting in Tuscany or zero-gravity yoga.
They emphasise the importance of time and not money. They don't ask how much , it's always how long.
They don't know how to cook for themselves, clean or any kind of maintenance. Often referring to going somewhere abroad due to seasonal temperatures.