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true. its one to take carefully with consideration.... have you met many rich people who spend like there is no tomorrow? its about acting like a /rich person/

by jheriko 12y ago

true. its one to take carefully with consideration.... have you met many rich people who spend like there is no tomorrow? its about acting like a /rich person/ not as if you have a limitless supply of money and are actually rich. :)

jacquesm 12y ago
Not the person you asked but: I have met people that became wealthy and acted like you describe and they usually ended up broke some years or decades later. I've also met some extremely wealthy people and they in fact were visually very modest (but worth more money than one could spend in a lifetime). The contrast runs something like this: German dude, worth $10M made his money in real estate, started an online company, lost it all but bought Porsches and hired fancy places, in the end turned to crime in order to continue to finance his life-style. American dude, worth > $50M (at one point...), spent money like it was toilet paper, golden taps in the bathroom, fancy Rolls-Royces (multiple...), used to be the #1 in a hotly contested tech field, lost it all when the market turned and he didn't adapt. Swiss dude, worth >> $1B, modest house, drove a VW Golf (ok, a nice one), absolutely incorruptible. They're nice examples to have and I understand that for someone worth that much there is no need to signal anything and that Germany guy may have had to keep up with his 'circle' in order to be seen as successful but still it makes you wonder how much pain there is behind all those frustrated faces in fancy cars living in expensive houses.
- jheriko 12y ago
  i never really took the advice that way. this is probably down to my stereotype of the rich person... people who stay rich do not just spaff their money around left, right and centre. i think rich people call this 'new money' and using such a term would be an example of acting like a rich person.
- taurath 12y ago
  Thats an example of new money vs old money. Those with old money tend to have a lot less anxiety about what they actually spend, because they know all their needs will be provided. New money is still under the illusion that the fancier things will make them happier.

by jheriko 12y ago

jacquesm 12y ago

Not the person you asked but: I have met people that became wealthy and acted like you describe and they usually ended up broke some years or decades later. I've also met some extremely wealthy people and they in fact were visually very modest (but worth more money than one could spend in a lifetime). The contrast runs something like this: German dude, worth $10M made his money in real estate, started an online company, lost it all but bought Porsches and hired fancy places, in the end turned to crime in order to continue to finance his life-style. American dude, worth > $50M (at one point...), spent money like it was toilet paper, golden taps in the bathroom, fancy Rolls-Royces (multiple...), used to be the #1 in a hotly contested tech field, lost it all when the market turned and he didn't adapt. Swiss dude, worth >> $1B, modest house, drove a VW Golf (ok, a nice one), absolutely incorruptible. They're nice examples to have and I understand that for someone worth that much there is no need to signal anything and that Germany guy may have had to keep up with his 'circle' in order to be seen as successful but still it makes you wonder how much pain there is behind all those frustrated faces in fancy cars living in expensive houses.

jheriko 12y ago
i never really took the advice that way. this is probably down to my stereotype of the rich person... people who stay rich do not just spaff their money around left, right and centre. i think rich people call this 'new money' and using such a term would be an example of acting like a rich person.
taurath 12y ago
Thats an example of new money vs old money. Those with old money tend to have a lot less anxiety about what they actually spend, because they know all their needs will be provided. New money is still under the illusion that the fancier things will make them happier.