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I have a friend that could buy everyone in the room a ferrari and still have enough money left to over to buy everyone of their friends a ferrari. He has never

I have a friend that could buy everyone in the room a ferrari and still have enough money left to over to buy everyone of their friends a ferrari. He has never paid for food or drinks once. This guide is not for everyone.

matheusmoreira 3y ago
I suppose when one's that rich they want friends who like them for themselves not for the gifts they distribute.
cj 3y ago
Do people expect him to? I'm in the process of selling my company and these weird dynamics are things that make me nervous. Edit: in response to the negative comments and downvotes, of course I want to share the wealth. The problem is a lot of people (or at least a lot of my friends) don't like to feel like they can't stand on their own. Offering to pay for everything all the time is a turn off for a lot of people (on the receiving end).
- itsoktocry 3y ago
  >Do people expect him to? Imagine not wanting to share trivial amounts of your wealth with your friends. They are friends...right?
  - carimura 3y ago
    wealth is all relative.
  - moduspol 3y ago
    People can absolutely see this as flaunting wealth. It's really not that straightforward.
  - buggythebug 3y ago
    Funny thing is he said if he got married he wouldn't have them sign a prenup because there will be enough money for everyone....
- colanderman 3y ago
  There's a balance between showing your friends you appreciate them, and flaunting wealth / buying friendship. The general rule I think is: don't gift something a friend can't repay with equal social value in their own way. Or if you're going to anyway, make it explicit you're doing it for the experience, and don't make it a regular thing. (E.g. dinner at a very expensive restaurant you want to experience and you don't want to eat alone.) People know that rich people do rich people things, and "fun experience" is something that can be repaid without spending lots of money.
- e_i_pi_2 3y ago
  I don't think there should be a social pressure but I'd hope there would be some internal moral pressure. If I knew I had 10x the wealth of someone else I would feel bad not paying for things when we're together, like bringing a a younger sibling out to get food when they're in school and you have a job - they might have some savings but each dollar is worth so much more to them. When there's a need I think in general whoever is best able to handle the situation should be expected to do so. This example is a bit extreme though because it's talking about nice gifts. If someone in the friend group had a car break down and couldn't afford a new one I would definitely think less of this person for not offering to help when they so easily could. Not completely related - but this reminds me about things like parking tickets which disproportionately impact people with less money. If they're meant to be a deterrent then the fine should be some proportion of income, the $50 fine for one person needs to be a $50k fine for someone else to have the same level of impact.
- buggythebug 3y ago
  I mean are friend circle is pretty tight But just once he can't pay for a meal? I find it a little weird. But again we are friends so it is what it is
kramerger 3y ago
How do you think he got that rich?
- Silverback_VII 3y ago
  Generosity is an aspect of success and wealth, as it increases the likelihood of building a strong network of people willing to help you achieve your ambitions. People tend to nurture plants that give something back, enriching their own lives in one way or another. Generosity shows others that you are such a plant. Understanding the importance of having a good network may be key to know whether a wealthy individual is generous or not. I believe that a wealthy entrepreneur is more likely to be generous than a wealthy engineer.
  - hnbad 3y ago
    I think it's worth understanding that this "genorisity" is strategic, not universal. People don't get rich by hiring employees and paying them most of the money they bring in, or by tipping every cleaning lady or splurging on their friends, or ... . I think the important phrase in what you said is "network". You want to be generous to those in the network and those you want to bring into it. You want to be frugal when it comes to everyone else. It's worth it to pay for a fancy business dinner with someone you think might have strategic value for you (either directly or as a gateway), not so much with your friend from highschool who's in a dead end job, has no useful qualifications and has no meaningful connections that would even hypothetically be useful. Of cours some might say this is less generosity than sociopathy. Some might say they're right.
    - Silverback_VII 3y ago
      If you are generous with your friend from highschool who has a dead-end job and no useful qualifications, he may still be able to help you in one way or another. For example, he may have a very inspiring mindset and encourage you in your endeavors. He may even be more helpful than the not so generous rich guy who doesn't share anything with you or the guy who always calculates if his investments are worth it.
guardiangod 3y ago
Small meals, sure, but I wouldn't want him to buy me a full meal unless it's a special occasion. I can afford my own meal, thank you.

matheusmoreira 3y ago

I suppose when one's that rich they want friends who like them for themselves not for the gifts they distribute.

cj 3y ago

Do people expect him to? I'm in the process of selling my company and these weird dynamics are things that make me nervous. Edit: in response to the negative comments and downvotes, of course I want to share the wealth. The problem is a lot of people (or at least a lot of my friends) don't like to feel like they can't stand on their own. Offering to pay for everything all the time is a turn off for a lot of people (on the receiving end).

itsoktocry 3y ago
>Do people expect him to? Imagine not wanting to share trivial amounts of your wealth with your friends. They are friends...right?
- carimura 3y ago
  wealth is all relative.
- moduspol 3y ago
  People can absolutely see this as flaunting wealth. It's really not that straightforward.
- buggythebug 3y ago
  Funny thing is he said if he got married he wouldn't have them sign a prenup because there will be enough money for everyone....
colanderman 3y ago
There's a balance between showing your friends you appreciate them, and flaunting wealth / buying friendship. The general rule I think is: don't gift something a friend can't repay with equal social value in their own way. Or if you're going to anyway, make it explicit you're doing it for the experience, and don't make it a regular thing. (E.g. dinner at a very expensive restaurant you want to experience and you don't want to eat alone.) People know that rich people do rich people things, and "fun experience" is something that can be repaid without spending lots of money.
e_i_pi_2 3y ago
I don't think there should be a social pressure but I'd hope there would be some internal moral pressure. If I knew I had 10x the wealth of someone else I would feel bad not paying for things when we're together, like bringing a a younger sibling out to get food when they're in school and you have a job - they might have some savings but each dollar is worth so much more to them. When there's a need I think in general whoever is best able to handle the situation should be expected to do so. This example is a bit extreme though because it's talking about nice gifts. If someone in the friend group had a car break down and couldn't afford a new one I would definitely think less of this person for not offering to help when they so easily could. Not completely related - but this reminds me about things like parking tickets which disproportionately impact people with less money. If they're meant to be a deterrent then the fine should be some proportion of income, the $50 fine for one person needs to be a $50k fine for someone else to have the same level of impact.
buggythebug 3y ago
I mean are friend circle is pretty tight But just once he can't pay for a meal? I find it a little weird. But again we are friends so it is what it is

kramerger 3y ago

How do you think he got that rich?

Silverback_VII 3y ago
Generosity is an aspect of success and wealth, as it increases the likelihood of building a strong network of people willing to help you achieve your ambitions. People tend to nurture plants that give something back, enriching their own lives in one way or another. Generosity shows others that you are such a plant. Understanding the importance of having a good network may be key to know whether a wealthy individual is generous or not. I believe that a wealthy entrepreneur is more likely to be generous than a wealthy engineer.
- hnbad 3y ago
  I think it's worth understanding that this "genorisity" is strategic, not universal. People don't get rich by hiring employees and paying them most of the money they bring in, or by tipping every cleaning lady or splurging on their friends, or ... . I think the important phrase in what you said is "network". You want to be generous to those in the network and those you want to bring into it. You want to be frugal when it comes to everyone else. It's worth it to pay for a fancy business dinner with someone you think might have strategic value for you (either directly or as a gateway), not so much with your friend from highschool who's in a dead end job, has no useful qualifications and has no meaningful connections that would even hypothetically be useful. Of cours some might say this is less generosity than sociopathy. Some might say they're right.
  - Silverback_VII 3y ago
    If you are generous with your friend from highschool who has a dead-end job and no useful qualifications, he may still be able to help you in one way or another. For example, he may have a very inspiring mindset and encourage you in your endeavors. He may even be more helpful than the not so generous rich guy who doesn't share anything with you or the guy who always calculates if his investments are worth it.

guardiangod 3y ago

Small meals, sure, but I wouldn't want him to buy me a full meal unless it's a special occasion. I can afford my own meal, thank you.