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Posted: 7/1/2016 5:02:18 AM EDT
[#1]
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If I was wealthy and powerful I would buy a team membership.  I'd definitely move the fuck out of Somalia. |
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Posted: 7/1/2016 5:09:44 AM EDT
[#2]
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I started my engineering career designing jets for world leaders and Fortune 50 individuals. So clearly, people at that level, as well as many others purchase luxurious items that average people can’t fathom. That really wasn’t my point though. Quote HistoryQuoted:
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Again, there are some frivolities only the wealthy can afford and plenty of them engage in such things and stay wealthy. Sure, some dont, but statistically speaking the majority of those who become ultra high net worth people, even lottery winners (although they do lag behind), keep their wealth. This is simply a function of math. If you are worth 20 million or more and have an income of two million or more a year, you can engage in a lot of frivolity and still manage to get even richer. The margin of error rises with you bank account. Again, people outside the top 2% simply can not frugal there way to that level. Not buying name brand potato chips and driving beat up cars for 40 years can make one comfortable in the end, even with a million or three, but that is not the same thing as actually being rich and able to enjoy that wealth as life grinds on. I started my engineering career designing jets for world leaders and Fortune 50 individuals. So clearly, people at that level, as well as many others purchase luxurious items that average people can’t fathom. That really wasn’t my point though. You said the guys who make it dont spend it frivolously and those that do will lose it. The guy who owns all the Taco Bells or a chain of body shops in a good sized metro area can be an ultra high net worth individual. Hardly a world leader or Fortune 50 guy. You don't frugal your way to that level either and those people are usually not losing their wealth. They are spending it on frivolous things in many cases. There are tens of thousands of people in the US alone, maybe close to 100,000 people worth 20 million or more. (There are over 100,000 millionaires in greater Houston Texas alone) These people are mostly self made, mostly educate and are the Bill Gates and the guy who owns all the parking garages in Dallas Texas. Again, the nurse married to a teacher types who penny pinch their way to a million or three in the bank do not spend frivolously.....they couldn't. They ate fish heads for 40 years to die comfortable. |
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Posted: 7/1/2016 5:12:19 AM EDT
[#3]
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I had a boss many years ago who was in his late 20s and owned a Lamborghini. One evening he was driving around the city and sees a group of young folks in a parking lot with the hoods up on their imports. He's bored and decides to pull in and chat. The story goes that they all thought it was a kit car, "who ever did this did a good job, look at the dash!" My European friend has an airplane in Germany; he told me that he doesn't ever tell people that he has it over there, not because he isn't proud of it, but that they instantly think that he's absolutely full of shit in spite of pictures, et cetera. It's been my experience that there's a bell-curve of display of wealth among people and that those who have the most tend to try their best to blend in, while others try to signal status by leasing expensive cars and they all find themselves in a circle-jerk, like going to a tech social and having it be full of recruiters instead of talented tech workers, or going to an open house and it being full of real estate agents and no buyers. I had a popular website with around 20,000 college kids from two universities in my early 20s. In spite of my name and photograph being on the front page, people didn't believe that it was me when I'd go out. pornographer? |
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Posted: 7/1/2016 5:14:45 AM EDT
[#4]
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Posted: 7/1/2016 6:13:35 AM EDT
[#5]
We have a family friend who is in the Forbes billionaire list. He buys, sells and charters private jets for his hobby.
When he came here, he stayed in a $150 a night hotel and we drove him around. You could never tell he was a billionaire from the way he acted. His sister, also a billionaire, came here and took public transport around. |
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Posted: 7/1/2016 6:22:58 AM EDT
[#6]
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I'd definitely move the fuck out of Somalia. Quote HistoryQuoted:
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If I was wealthy and powerful I would buy a team membership. I'd definitely move the fuck out of Somalia. That too. |
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Posted: 7/1/2016 6:24:22 AM EDT
[#7]
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We have a family friend who is in the Forbes billionaire list. He buys, sells and charters private jets for his hobby. When he came here, he stayed in a $150 a night hotel and we drove him around. You could never tell he was a billionaire from the way he acted. His sister, also a billionaire, came here and took public transport around. Until the end of his life, Sam Walton, the founder of WALMART, drove a pickup truck with large rust spots on it. He had long since been a billionaire. |
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Posted: 7/1/2016 6:56:47 AM EDT
[#8]
I don't give a shit what people think now, don't see that changing if I enter a different tax bracket.
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Posted: 7/1/2016 7:01:08 AM EDT
[#9]
When i was dating, i was on 50% travel (sun-sat every other week), and making extremely good money for being <30.
I had to drive my beater instead of my nice truck, not mention I had a mortgage instead of renting, be vague about income, and not talk about the travel because most thought I was exaggerating or outright lying. I was making double what the non-nurses were making, the nurses were the group that most understood being young with money. None understood why i was always out of town and thought i was not interested. Kharn Posted Via AR15.Com Mobile |
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Posted: 7/1/2016 7:02:18 AM EDT
[#10]
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Until the end of his life, Sam Walton, the founder of WALMART, drove a pickup truck with large rust spots on it. He had long since been a billionaire. Quote HistoryQuoted:
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We have a family friend who is in the Forbes billionaire list. He buys, sells and charters private jets for his hobby. When he came here, he stayed in a $150 a night hotel and we drove him around. You could never tell he was a billionaire from the way he acted. His sister, also a billionaire, came here and took public transport around. Until the end of his life, Sam Walton, the founder of WALMART, drove a pickup truck with large rust spots on it. He had long since been a billionaire. Warren Buffet's house. All of this reminds of a peanut farmer I knew in NC. He used to come into my buddy's gun shop that I would help out at and we would occasionally chat. You immediately knew that this guy was more than average even though he wore overalls with no shirt and shoes with no socks. Looked 100% like a Piedmont redneck farmer. Came to find out that, in addition to being a farmer, he also dabbled in the stock market. My buddy knew him and his family and commented once that he was worth 100's of millions. Dude drove a beat to shit Ford pick up and hardly ever bought anything unless it was an incredible deal even though he probably could have bought every gun store in Fayetteville without breaking a sweat. Real nice guy too. OP, not sure my peanut farmer buddy cared if anyone believed him. On the flip side had a buddy that was a retired O-6, a CTR making about $150K, was married to a GS-15 and no kids. Combined income was about $350K per year. He was broke at the end of each month.....Million dollar home, 6 cars, hers had a $1200 car payment, boat, etc.... last I saw he was humping as a GS-14 bitching about not being able to retire. People make choices I suppose. |
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Posted: 7/1/2016 7:26:06 AM EDT
[#11]
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I don't give a shit what people think now, don't see that changing if I enter a different tax bracket. We all care a little what people think of us (usually evidenced by the amount of time we spend on our appearance), and we all judge those around us. The question is how much we let it drive us. Some people lust after power. Some after great wealth. Some want stability. Some want adventure. Some show off. Some don't. It's hard to assign these traits to a net worth. My personal experience suggests a persons motivations drive their focus in,life (whether that's wealth, power, their children or their career), which then of course drives their behaviour around other people to get the validation they need to feel good about themselves. In general, people who made their success through hard work, risk-taking and intelligence aren't austentaciois. those who've had their success handed to them (through luck, scheming, inheritance or lottery) often are. I think a lot of that has to do with the need for validation, as mentioned above. People who luck in to something know they didn't really earn it, so feel the need to get constant feedback. People who are given something don't appreciate it either, so think nothing of wasting it. Personally, I don't envy those who live the 'rich and famous' lifestyle, and have no desire to run with that crowd. They are amusing to watch on occasion, though! |
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Posted: 7/1/2016 7:45:29 AM EDT
[#12]
I'll know I've made it when I have enough money to ruin Gwenyth Paltrow's career enough so that I'm able to hire her to be my personal anal custodian. She will personally wipe my bottom hole after each pooping, use a wet wipe to tidy up, and then a comb to remove any dingleberries.
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Posted: 7/1/2016 7:50:57 AM EDT
[#13]
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I think if I was super wealthy and powerful.....I would not waste my time associating with other people. FIFY |
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Posted: 7/1/2016 8:03:36 AM EDT
[#14]
I have a friend who is a self made millionaire. He started a very successful junkyard. He is probably worth over $10-15 million. He wears work uniforms 5 days a week and jeans on the weekend . The only thing that he ever spends a good bit of cash on is racing.
Posted Via AR15.Com Mobile |
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Posted: 7/1/2016 8:20:11 AM EDT
[#15]
There are always people that have a hard time understanding wealth, fame, power. They do not always go hand in hand.
I spent the better part of my adult life working for the 1/10 of 1%ers in the wealth arena. I ran into people all the time that could not fathom someone paid me a full time salary to spend $40k or more per month of their money.... And not only thank me for it but then tip me. They sit back and  .
Most people I worked for had disposable incomes well North of $700k/year. Some millions. Being n those tax brackets and indulging ones self is expensive. $30k/week to go fish a tournament on your own 60' Sportfish, $80k/ weekend to race your unlimited drag boat, $5k+\hour for a private jet, $100k @ track day because you blew a tire and tagged the wall with your $400k car, $10k @ strip club..I mean dinner, wife's AMX showed up..$50k. Tip of the money ice berg. It adds up quick and that does not take into account the up keep on houses, yachts, toys. Someone has to wrangle all that shit while the head honcho gets back to the office to make more. That's me ! I have seen someone call their private client bank rep and wire $500k into their account because.... I need to catch up on some bills this month ! 
It can be a lot of fun but also a tremendous pain in the ass keeping it going. Never boring ! |
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Posted: 7/1/2016 8:29:31 AM EDT
[#16]
OP........I have always said........."only poor people buy expensive booze".
Get my point? 
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Posted: 7/1/2016 8:34:55 AM EDT
[#17]
Dunno. Most of the really wealthy people I know go to great lengths to hide their status.
They usually live in hard to find, tucked away enclaves and have a dozen or more houses scattered around the globe in high value locations. You wouldn't know it to look at them though unless you happen to be close. You'd think, who is this redneck dumbass? |
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Posted: 7/1/2016 8:37:20 AM EDT
[#18]
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I think if I was super wealthy and powerful.....I would not waste my time wondering if people believed me or not......because I wouldn't even bring it up. Yep. I would be too busy on my island of fat girls. |
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Posted: 7/1/2016 8:37:33 AM EDT
[#19]
I have an 1,100 sq/ft bathroom.
No one on Arfcom believes it and it's a running joke. 
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Posted: 7/1/2016 8:49:28 AM EDT
[#20]
880
12" 6'4" 220 But my post count tho 
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Posted: 7/1/2016 8:50:00 AM EDT
[#21]
I have lived long enough to see my picture in a magazine next to articles I wrote. Wish I was wealthy but that is slowly building. It's been a weird life.....
Not bad for an Ohio farm boy. |
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Posted: 7/1/2016 8:50:43 AM EDT
[#22]
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Enchanté, you boor  Quote HistoryQuoted:
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It is my goal to one day become rich and powerful so that I can spend my free time with other rich and powerful people, so that I can engage in some SERIOUS dick measuring and not worry about what the proles and unwashed little people think. [blue blood] Well, MY eighty foot yacht has a HELIPAD and a little mini yacht in a pool on the back of it. [/blue blood] [me raising champagne glass] Au Chante! How do you keep the poors away from it? [me raising champagne glass] Enchanté, you boor Aren't you like half-Boer?? |
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Posted: 7/1/2016 8:51:42 AM EDT
[#23]
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Aren't you like half-Boer?? Quote HistoryQuoted:
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It is my goal to one day become rich and powerful so that I can spend my free time with other rich and powerful people, so that I can engage in some SERIOUS dick measuring and not worry about what the proles and unwashed little people think. [blue blood] Well, MY eighty foot yacht has a HELIPAD and a little mini yacht in a pool on the back of it. [/blue blood] [me raising champagne glass] Au Chante! How do you keep the poors away from it? [me raising champagne glass] Enchanté, you boor Aren't you like half-Boer?? Them's fightin' words!
... although I was born in Holland, so I forgive you.
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Posted: 7/1/2016 8:55:40 AM EDT
[#24]
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Warren Buffet's house. All of this reminds of a peanut farmer I knew in NC. He used to come into my buddy's gun shop that I would help out at and we would occasionally chat. You immediately knew that this guy was more than average even though he wore overalls with no shirt and shoes with no socks. Looked 100% like a Piedmont redneck farmer. Came to find out that, in addition to being a farmer, he also dabbled in the stock market. My buddy knew him and his family and commented once that he was worth 100's of millions. Dude drove a beat to shit Ford pick up and hardly ever bought anything unless it was an incredible deal even though he probably could have bought every gun store in Fayetteville without breaking a sweat. Real nice guy too. OP, not sure my peanut farmer buddy cared if anyone believed him. On the flip side had a buddy that was a retired O-6, a CTR making about $150K, was married to a GS-15 and no kids. Combined income was about $350K per year. He was broke at the end of each month.....Million dollar home, 6 cars, hers had a $1200 car payment, boat, etc.... last I saw he was humping as a GS-14 bitching about not being able to retire. People make choices I suppose. Quote HistoryQuoted:
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We have a family friend who is in the Forbes billionaire list. He buys, sells and charters private jets for his hobby. When he came here, he stayed in a $150 a night hotel and we drove him around. You could never tell he was a billionaire from the way he acted. His sister, also a billionaire, came here and took public transport around. Until the end of his life, Sam Walton, the founder of WALMART, drove a pickup truck with large rust spots on it. He had long since been a billionaire. Warren Buffet's house. All of this reminds of a peanut farmer I knew in NC. He used to come into my buddy's gun shop that I would help out at and we would occasionally chat. You immediately knew that this guy was more than average even though he wore overalls with no shirt and shoes with no socks. Looked 100% like a Piedmont redneck farmer. Came to find out that, in addition to being a farmer, he also dabbled in the stock market. My buddy knew him and his family and commented once that he was worth 100's of millions. Dude drove a beat to shit Ford pick up and hardly ever bought anything unless it was an incredible deal even though he probably could have bought every gun store in Fayetteville without breaking a sweat. Real nice guy too. OP, not sure my peanut farmer buddy cared if anyone believed him. On the flip side had a buddy that was a retired O-6, a CTR making about $150K, was married to a GS-15 and no kids. Combined income was about $350K per year. He was broke at the end of each month.....Million dollar home, 6 cars, hers had a $1200 car payment, boat, etc.... last I saw he was humping as a GS-14 bitching about not being able to retire. People make choices I suppose. lol didn't take long for someone to bring up the facade of "frugal warren buffet" all a facade to make people think he is down to earth. |
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Posted: 7/1/2016 8:56:50 AM EDT
[#25]
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I have an 1,100 sq/ft bathroom. No one on Arfcom believes it and it's a running joke. There's a good reason for that. 
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Posted: 7/1/2016 8:57:18 AM EDT
[#26]
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Them's fightin' words!
... although I was born in Holland, so I forgive you. Quote HistoryQuoted:
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It is my goal to one day become rich and powerful so that I can spend my free time with other rich and powerful people, so that I can engage in some SERIOUS dick measuring and not worry about what the proles and unwashed little people think. [blue blood] Well, MY eighty foot yacht has a HELIPAD and a little mini yacht in a pool on the back of it. [/blue blood] [me raising champagne glass] Au Chante! How do you keep the poors away from it? [me raising champagne glass] Enchanté, you boor Aren't you like half-Boer?? Them's fightin' words!
... although I was born in Holland, so I forgive you. Holland, Belgium, potato-potatoe.. |
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Posted: 7/1/2016 8:59:29 AM EDT
[#27]
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Holland, Belgium, potato-potatoe.. Quote HistoryQuoted:
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... Holland, Belgium, potato-potatoe.. It is hard to keep track of all of those small adorable European countries. The break-up of the Eastern Bloc has made it pretty much impossible. Slovakia and Croatia and WTF now?
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Posted: 7/1/2016 9:06:47 AM EDT
[#28]
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It is hard to keep track of all of those small adorable European countries. The break-up of the Eastern Bloc has made it pretty much impossible. Slovakia and Croatia and WTF now?Quote HistoryQuoted:
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... Holland, Belgium, potato-potatoe.. It is hard to keep track of all of those small adorable European countries. The break-up of the Eastern Bloc has made it pretty much impossible. Slovakia and Croatia and WTF now?How did James May once describe Belgium? "It is a country that was created as a place for England and Germany to settle their differences.." |
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Posted: 7/1/2016 9:09:09 AM EDT
[#29]
I've a good friend who makes several million a year and controls a family owned business valued in excess of 1,000,000,000. He drives a F-150 and is about the most unassuming person you'd ever care to meet. His great, great grandfather started the company, so he is old money and in my experience, it's usually the new money that is flashy.
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Posted: 7/1/2016 9:13:25 AM EDT
[#30]
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There's a good reason for that. Quote HistoryQuoted:
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I have an 1,100 sq/ft bathroom. No one on Arfcom believes it and it's a running joke. There's a good reason for that. Speaking of bathrooms and opulence, whatever happened to the guy that was about to put 2 tons or more of granite in a 2nd floor bathroom? |
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Posted: 7/1/2016 9:14:27 AM EDT
[#31]
People with fame, wealth, and power tend not to talk about it or find it important that other people know it.
What does it matter? It might get you some temporary admiration from someone you don't know or more likely, resentment. What is the benefit in that? Posted Via AR15.Com Mobile |
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Posted: 7/1/2016 9:38:45 AM EDT
[#32]
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I think if I was super wealthy and powerful.....I would not waste my time wondering if people believed me or not......because I wouldn't even bring it up. Second post sneaks in and nails it. |
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Posted: 7/1/2016 9:50:04 AM EDT
[#33]
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I'll know I've made it when I have enough money to ruin Gwenyth Paltrow's career enough so that I'm able to hire her to be my personal anal custodian. She will personally wipe my bottom hole after each pooping, use a wet wipe to tidy up, and then a comb to remove any dingleberries. Your sig line...that should be it. |
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Posted: 7/1/2016 10:38:40 AM EDT
[#34]
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People with fame, wealth, and power tend not to talk about it or find it important that other people know it. What does it matter? It might get you some temporary admiration from someone you don't know or more likely, resentment. What is the benefit in that? Posted Via AR15.Com Mobile I have spent my career mostly working for the ultra wealthy. The above post is correct. When you do meet the one bragging about all the stuff he has....etc. They are either full of shit or won't keep it very long and I have seen plenty go broke. |
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Posted: 7/1/2016 11:21:34 AM EDT
[#35]
Quote HistoryQuoted: I have an 1,100 sq/ft bathroom. No one on Arfcom believes it and it's a running joke. |
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Posted: 7/1/2016 11:28:05 AM EDT
[#36]
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The best part of having enough money to buy extravagant shit is NOT buying extravagant shit. Quote HistoryQuoted:
The best part of having enough money to buy extravagant shit is NOT buying extravagant shit. How can you join the ranks of America's wealthy (defined as people whose net worth is over one million dollars)? It's easy, say doctors Stanley and Danko, who have spent the last 20 years interviewing members of this elite club: you just have to follow seven simple rules.
The first rule is, always live well below your means. The last rule is, choose your occupation wisely. You'll have to buy the book to find out the other five. It's only fair. The authors' conclusions are common sensical. But, as they point out, their prescription often flies in the face of what we think wealthy people should do. There are no pop stars or athletes in this book, but plenty of wall-board manufacturers--particularly ones who take cheap, infrequent vacations! Stanley and Danko mercilessly show how wealth takes sacrifice, discipline, and hard work, qualities that are positively discouraged by our high-consumption society. "You aren't what you drive," admonish the authors. Somewhere, Benjamin Franklin is smiling. |
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Posted: 7/1/2016 11:48:54 AM EDT
[#37]
Quote HistoryQuote HistoryQuoted: Quoted: The best part of having enough money to buy extravagant shit is NOT buying extravagant shit. How can you join the ranks of America's wealthy (defined as people whose net worth is over one million dollars)? It's easy, say doctors Stanley and Danko, who have spent the last 20 years interviewing members of this elite club: you just have to follow seven simple rules. The first rule is, always live well below your means. The last rule is, choose your occupation wisely. You'll have to buy the book to find out the other five. It's only fair. The authors' conclusions are common sensical. But, as they point out, their prescription often flies in the face of what we think wealthy people should do. There are no pop stars or athletes in this book, but plenty of wall-board manufacturers--particularly ones who take cheap, infrequent vacations! Stanley and Danko mercilessly show how wealth takes sacrifice, discipline, and hard work, qualities that are positively discouraged by our high-consumption society. "You aren't what you drive," admonish the authors. Somewhere, Benjamin Franklin is smiling. |
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Posted: 7/1/2016 1:11:58 PM EDT
[#38]
Quote HistoryQuoted: I have an 1,100 sq/ft bathroom. No one on Arfcom believes it and it's a running joke. so did my dog but he grew out of it after a few weeks |
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Posted: 7/1/2016 1:12:33 PM EDT
[#39]
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Speaking of bathrooms and opulence, whatever happened to the guy that was about to put 2 tons or more of granite in a 2nd floor bathroom? Quote HistoryQuoted:
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I have an 1,100 sq/ft bathroom. No one on Arfcom believes it and it's a running joke. There's a good reason for that. Speaking of bathrooms and opulence, whatever happened to the guy that was about to put 2 tons or more of granite in a 2nd floor bathroom? Hielo I'm not sure he ever posted again after that thread. |
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Posted: 7/1/2016 1:19:05 PM EDT
[#40]
Rich or poor class never has to shout.
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Posted: 7/1/2016 1:20:55 PM EDT
[#41]
Seattle is a weird place. I've seen people who I swore were homeless walk into a 100,000 Porsche.
My old roomate in college came from money. Not super wealthy but their family owned several homes and several businesses. Probably 20-50 million in property and assets. He drove a 1994 Ford Ranger and was pretty damn frugal with his cash. First time I saw him actually spend cash was when he met a girl he was crazy about (maybe 8 years after knowing him) he quit a good job in finance (with no job waiting for him) and moved several states away to buy a big house because she was a sales rep and that was her new territory. |
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Posted: 7/1/2016 1:28:50 PM EDT
[#42]
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I think if I was super wealthy and powerful.....I would not waste my time wondering if people believed me or not......because I wouldn't even bring it up. I agree. If I had load of money, the last thing I'd do is anything that announced that. My primary residence would be nice, but unremarkable. I'd drive a Camry. I'd wear regular clothes. I just wouldn't mention the awesome second home with the Corvettes parked in the garage. To anyone. Ever. |
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Posted: 7/2/2016 5:49:24 AM EDT
[#43]
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snip... lol didn't take long for someone to bring up the facade of "frugal warren buffet" all a facade to make people think he is down to earth. Really. Do you have any reference that indicates that the old house and old car is a facade? Not busting your balls but rather I've always sort of thought the same thing but never saw any proof otherwise. |
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Posted: 7/2/2016 5:58:14 AM EDT
[#44]
My son is interning this summer at a company where the president is worth well over a billion dollars. He said the guy comes in on a regular basis and talks to all of them about what they're working on and how their projects are going. Acts just like a regular guy. He has nothing to prove to anyone. |
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Posted: 7/2/2016 6:11:24 AM EDT
[#45]
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If I was wealthy and powerful I would buy a team membership. Well played. 
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Posted: 7/2/2016 6:33:37 AM EDT
[#46]
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I had a boss many years ago who was in his late 20s and owned a Lamborghini. One evening he was driving around the city and sees a group of young folks in a parking lot with the hoods up on their imports. He's bored and decides to pull in and chat. The story goes that they all thought it was a kit car, "who ever did this did a good job, look at the dash!" My European friend has an airplane in Germany; he told me that he doesn't ever tell people that he has it over there, not because he isn't proud of it, but that they instantly think that he's absolutely full of shit in spite of pictures, et cetera. It's been my experience that there's a bell-curve of display of wealth among people and that those who have the most tend to try their best to blend in, while others try to signal status by leasing expensive cars and they all find themselves in a circle-jerk, like going to a tech social and having it be full of recruiters instead of talented tech workers, or going to an open house and it being full of real estate agents and no buyers. I had a popular website with around 20,000 college kids from two universities in my early 20s. In spite of my name and photograph being on the front page, people didn't believe that it was me when I'd go out. Is this how he greeted them?... 
It must have been several years ago, because today he would have got shanked and ass raped before having his Lambo jacked. When I see a group of urban dipshits (young people) assembled in a parking lot with their hoods up, I make it a point to not slow down. |
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Posted: 7/2/2016 7:06:01 AM EDT
[#47]
The most impressive people are the ones that don't try to impress anyone. Applies to everything, including wealth.
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