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re: Why is it so important to rich people that they signal their wealth to other people?

Posted on 6/29/25 at 2:33 pm to
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
35814 posts
Posted on 6/29/25 at 2:33 pm to
quote:

Many very wealthy people aren’t like this at all.


As in they don’t flaunt it? Maybe.

All wealthy people buy nice shite. I had to explain what use tax was on a $300k piece of art to one client and another buy a soccer team in the last week
Posted by HoustonGumbeauxGuy
Member since Jul 2011
32574 posts
Posted on 6/29/25 at 2:34 pm to
If you were a billionaire, you’d also live like one

Don’t be so fricking naive

This post was edited on 6/29/25 at 2:34 pm
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2891 posts
Posted on 6/29/25 at 2:35 pm to
So you havent read The Millionaire Next Door.
Posted by JEC119
Alabama
Member since Apr 2024
2095 posts
Posted on 6/29/25 at 2:35 pm to
If you’re really well to do and not trying to look rich, I don’t see a problem in having nice things.

If youre at a point where 100,000 dollars is like 100 dollars then live life because you can’t take it with you when you die.

I say that if you’re not in debt and have your shite together and shite together to leave to your loved ones once youre gone.

Then party like it’s 1999.
Posted by RummelTiger
Texas
Member since Aug 2004
92526 posts
Posted on 6/29/25 at 2:38 pm to
Why do you care how others choose to spend their money?

quote:

And no, I’m not poor.


And there it is - you’re just as bad as the people you’re admonishing.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
35814 posts
Posted on 6/29/25 at 2:40 pm to
quote:

Why do you care how others choose to spend their money?


One of the dumber question repeated ad nauseam on this site
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
68741 posts
Posted on 6/29/25 at 2:41 pm to
Usually the one who determines what flaunting is, is the one in the envious position.
Posted by RummelTiger
Texas
Member since Aug 2004
92526 posts
Posted on 6/29/25 at 2:44 pm to
quote:

One of the dumber question repeated ad nauseam on this site


Sorry simple questions confuse you, Mingo.
Posted by N2cars
Close by
Member since Feb 2008
37867 posts
Posted on 6/29/25 at 2:45 pm to
You know he gives a ton to charity, as in billions?

Now understand, that good works dont get us into Heaven, or impress God, but certainly a critical fellow like yourself must give an awful lot to charity, right?





Right?
Posted by PowerTool
The dark side of the road
Member since Dec 2009
22794 posts
Posted on 6/29/25 at 2:46 pm to
quote:

I think texas people are worse... mcmansions, 100k vehicles, debt up to their eyeballs, all for show... they truly care about what other people think of them, and it's kind of pathetic if you ask me


Proceeds to brag about how many boats he has and how soon he can retire
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
35814 posts
Posted on 6/29/25 at 2:49 pm to
quote:

Sorry simple questions confuse you, Mingo.


I understand it fine, it’s just a stupid question.

Those exist, no matter how many times your momma tried to make you feel better about asking them
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
68741 posts
Posted on 6/29/25 at 2:51 pm to
quote:

I'm 39, I live comfortably in a 2500sqft house... I have an 8yr old ford truck and my ol lady drives a corolla (she loves her car)... we have 2 boats (17ft bay and 10ft john), no kids yet, and 1 dog... I can retire at 55 and she can retire at 50, yet we vacation 4 times/year... we don't social media, and we don't keep up with the jonses... cuz a lot of them will be working well past 55... we live modest, so our golden years can be as great as possible


Congrats man. Super impressive.
Posted by N2cars
Close by
Member since Feb 2008
37867 posts
Posted on 6/29/25 at 2:54 pm to
quote:

corolla


Jelly AF.
Posted by prplhze2000
Parts Unknown
Member since Jan 2007
56610 posts
Posted on 6/29/25 at 2:58 pm to
I am friends w several really rich people n they don't.
Posted by Rekrul
Member since Feb 2007
9252 posts
Posted on 6/29/25 at 2:59 pm to
quote:

Don't hate me just because I drive a 2006 Ford Ranger


Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
72557 posts
Posted on 6/29/25 at 3:00 pm to
quote:

My advice.... stay under the radar
This, folks from my business community (inside and outside of the firm) that I’ve been around for decades don’t know what I’ve got.
Posted by Sus-Scrofa
Member since Feb 2013
10406 posts
Posted on 6/29/25 at 3:00 pm to
If I had Bezos money, the actual Bezos would look fiscally responsible by comparison.
This post was edited on 6/29/25 at 3:01 pm
Posted by Rize
Spring Texas
Member since Sep 2011
18548 posts
Posted on 6/29/25 at 3:00 pm to
quote:

I think texas people are worse... mcmansions, 100k vehicles, debt up to their eyeballs, all for show... they truly care about what other people think of them, and it's kind of pathetic if you ask me I'm 39, I live comfortably in a 2500sqft house... I have an 8yr old ford truck and my ol lady drives a corolla (she loves her car)... we have 2 boats (17ft bay and 10ft john), no kids yet, and 1 dog... I can retire at 55 and she can retire at 50, yet we vacation 4 times/year... we don't social media, and we don't keep up with the jonses... cuz a lot of them will be working well past 55... we live modest, so our golden years can be as great as possible My advice.... stay under the radar and when it matters, make the life as great as possible... currently saving to buy a camp on the water, and some land in west feliciana Showing wealth is for losers who peacock and enjoy attention... I want to enjoy the ride of life, stay low key and have something to pass down


You can’t take it with you. At some point it’s nice to live a little while making good money. For some people it may be taking 4 vacations and owning a camp on the water. For others it may be a Porsche and Rolex. I’d be miserable if I just watched my accounts grow and never bought things that I enjoy.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
35814 posts
Posted on 6/29/25 at 3:01 pm to
quote:

This, folks from my business community (inside and outside of the firm) that I’ve been around for decades don’t know what I’ve got.


$300k in VTSAX and a couple shekels under your mattress?
Posted by Mo Jeaux
Member since Aug 2008
62080 posts
Posted on 6/29/25 at 3:02 pm to
Amen.
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