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> The Rich Don’t Act Rich Because They Buy Assets, Not More Stuff Not sure this makes much sense. Do rich live in a cave and literally sit on their money and w

> The Rich Don’t Act Rich Because They Buy Assets, Not More Stuff Not sure this makes much sense. Do rich live in a cave and literally sit on their money and wait until they die? I don’t think so, they buy flight tickets, a house in the beach, a bigger yard to do gardening, better health care to live longer, pay a baby sitter,… I feel money buys high quality time, not just time

baremetal 4y ago
money buys the ability to build empire.
thriftwy 4y ago
Point being, they will still have a look and feel of an upper middle class while being magnitudes more wealthy. That's a good tactics because middle class stuff has the best bang for the buck. Rich, status-displaying stuff delivers diminishing benefits for exponentially growing price.
- com2kid 4y ago
  I was just out in New England visiting some friends. In the area we were in[1], almost all the houses look the same, seriously unimposing, aggressively bland. They'd point over to a (admittedly large sqft) boring looking house and say "oh yeah, some super rich guy lives there, heir to some fortune or another." It was weird coming from the west coast where the front facade[2] of a house is itself a status symbol of sorts. [1] A generally well to do nice area with a bit of history to it. [2] And sometimes just the front, hah! Horrible vinyl siding everywhere else...
tverbeure 4y ago
A house on the beach and a plot of land with a bigger yard are assets?
- deleted 4y ago
  [deleted]
pcurve 4y ago
Many do die rich because they didn’t quite learn how to spend their wealth in ways other people would. (Which is what made them rich I the first place )
deleted 4y ago
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lo_zamoyski 4y ago
I think you're missing the essential point (charitably read). The point is that the rich don't flaunt their wealth. They're not ostentatious. That's what people who aren't rich, or the nouveau riche, do. They're compensating (and frankly, lack the taste to know what to spend money on). That isn't to say that the rich don't spend on better things. It's that someone who's looking for a flashy sign of that wealth won't find one. If someone is flashy, the likelihood they're rich drops.

baremetal 4y ago

money buys the ability to build empire.

thriftwy 4y ago

Point being, they will still have a look and feel of an upper middle class while being magnitudes more wealthy. That's a good tactics because middle class stuff has the best bang for the buck. Rich, status-displaying stuff delivers diminishing benefits for exponentially growing price.

com2kid 4y ago
I was just out in New England visiting some friends. In the area we were in[1], almost all the houses look the same, seriously unimposing, aggressively bland. They'd point over to a (admittedly large sqft) boring looking house and say "oh yeah, some super rich guy lives there, heir to some fortune or another." It was weird coming from the west coast where the front facade[2] of a house is itself a status symbol of sorts. [1] A generally well to do nice area with a bit of history to it. [2] And sometimes just the front, hah! Horrible vinyl siding everywhere else...

tverbeure 4y ago

A house on the beach and a plot of land with a bigger yard are assets?

deleted 4y ago
[deleted]

pcurve 4y ago

Many do die rich because they didn’t quite learn how to spend their wealth in ways other people would. (Which is what made them rich I the first place )

deleted 4y ago

[deleted]

lo_zamoyski 4y ago

I think you're missing the essential point (charitably read). The point is that the rich don't flaunt their wealth. They're not ostentatious. That's what people who aren't rich, or the nouveau riche, do. They're compensating (and frankly, lack the taste to know what to spend money on). That isn't to say that the rich don't spend on better things. It's that someone who's looking for a flashy sign of that wealth won't find one. If someone is flashy, the likelihood they're rich drops.