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Let me take on some of your burden
You don't want it. Some of the money sure, but you don't want to lose the ability to be able to tell who your real friends are or if the people you love really love you. You also start to lose the ability to empathize over time and if you have a conscience, that fucking kills you.
Would be nice if all jobs provided services like this or massage therapy for labor-intensive jobs. We all have problems but corporations only appear to want to take care of people who could very well afford it on their own. It doesn't make any sense.
:Edit I am getting really fucked up responses from people like they don't see rich people as human beings. We're talking about stuff like depression here. I suspect a lot of people leaving the comments are really in the younger demographic verses the people only upvoting this comment. So I want to see if this makes a difference in the responses I get.
Did it surprise anyone that Pete Davidson tried to commit suicide? I mean he's a millionaire now. He's even self-made. That's the best kind of rich. He is like one of the most famous comedians in the country and he's college-aged. That is insane to be at the top of your field by merit. I don't care what you do. On top of that, literally everyone loves him. Then he started dating one of the most famous musicians in the world who is the kinda rich that is set for life already. There are even rumors that he has a giant cock. I mean, you couldn't choose a better life if you were allowed to pick everything you got.
You probably actually do believe that he tried to commit suicide though don't you? Because you can kind of see yourself in him. If you met him in person, I'll bet you'd think he was super cool and would actually understand what life was like. Right?
Imagine that I am Pete Davidson (I'm not) and I'm reading this shit about people making millions of dollars like me and my fiance or whatever. How do you think the kinda shit people are saying about money kinda fuckin me up and making me have to get mental health help.
It's super fucked up stuff to have said to Pete Davidson right?
And for the upvoters of this comment who don't know who Pete Davidson is here is a digital short he made for SNL recently. Except he's like 21 or 22. He didn't go to college. He just rose to the very top of his profession by merit before his friends graduated college. It's insane. His fiance is essentially the new Katy Perry from what I understand- at least that level of famous for this generation. Recently he had a huge suicide scare that was such a big deal SNL had to throw him in to introduce the band so people wouldn't think he was dead- this happened live on twitter while SNL was on. Pete wasn't even supposed to be on the show that night. It was a big deal. He sounds like a pain in the ass punk, but he's legit. If you are in your mid thirties, you'd drink with this 21 year old. It's weird. He's just not like other kids.
I'm willing to take the risk.
you're right, that does sound way worse than working 50 hours a week while living in constant fear of a minor medical issue completely draining your savings account
Don't worry, the hospitals can't drain your bank account if you just ignore your medical issues!
The boat I’m currently in now! I’m too afraid to even go in, even though every day is nothing but pain and suffering. Someday I’ll get the money to fix some things, I hope, I can’t live like this forever.
He's not saying that its worse, just saying there are different hurdles for them to overcome, and that we are all still human beings, and can all be depressed.
What’s a savings account?
It's that thing with $1 in it that your bank gave you when you opened your real account for some reason. It earns interest at a slightly higher rate that still rounds down to zero!
BANK NOTICE dated January 4th, received January 9th:
Your bank account , balance $1.00, does not meet the minimum balance requirement of $2000.00. You have been fined $20.
An additional $100 fine has been applied for overdrafting your account.
Your balance is now -$119 after applying the overdraft fee.
If not paid in full within 24 hours, an additional daily $20 charge will be applied for overdraft accounts beginning on January 4th.
A waste of time and fees, really. Unless you use an online bank which might give you 2%. Normal banks give you about .02%....
laughs in universal healthcare
You don't want it.
All of it, no, you're totally right. But they could easily divest themselves of those issues without lessening their quality of life one tiny bit by simply giving away the vast bulk of their totally superfluous wealth to other people/charity. Then they'd be happier, and they'd make a ton of other people happier too. But I guess they'd prefer to hoard their wealth and have to see the wealth psychologist.
Yeah. It’s all so hard being rich until someone offers literally the easiest solution, then all of a sudden they want to hold on to it.
They wouldn’t have to lower their quality of life even 1%.
Most people don’t understand this concept. People making $300k/year don’t have a higher quality of life than people making $250k/year - they just have more savings
I would be willing to take less money as long as the 2 perks you listed are guaranteed.
Yea, because being poor comes with some great alternative downsides to that. Gimme a fucking break.
Yes, being rich has its drawbacks. No, these drawbacks are almost never going to be on the level of someone living in poverty.
That's why you don't go around town bragging about your wealth or showing it off like that. You keep personal things personal and be normal with your friends
If you don't have any friends then problem solved.
I already have no friends and I know my family jackals well and how to control them. I'll take the burden. I can deal with it.
Screw that. I have no friends now!
What is I have those problems even when I'm broke? Would it cancel out?
You don't know what I want.
I do want it. I'd give most of it away and live happily and guilt-free.
Does being ultra-wealthy create unique life challenges and concerns? Sure. But clearly they aren't worse than not being ultra-wealthy is, because if they were that would be easily solved, wouldn't it?
If it's really too much for them then they can fucking donate it or even just light it on fire if they really wanted to. This isn't a first-world problem, it's not a real problem at all! It's just the rich trying to pretend as though wealth is somehow an insurmountable burden so that we'll feel sorry for them.
Yeah no shit. "I have all this money and no one understands me? Why is this money such a curse? Donate my money or give my employees a raise? No this is my money." Proceeds to wipe tears with hundreds.
I can pay people to love me
Couldn’t you just give all your money away to nonprofits you care about except for say like $10 million then hang out with other people in the $10 million range? Generally when you hang out with people who have around the same amount of money as you do, you can tell who genuinely likes you vs. who wants to use you for money.
Anyway I don’t have any sympathy for them. It’s an easy fucking problem to fix.
ill test it out for myself.
Most people get really wealthy when they get a bit older. After you hit 30 your friend group has been diminished anyway, and it gets worse from there. All this talk about losing friends... what are people envisioning? Middle school, high school, or college "best friends"?
Agreed. Let's eat them.
Lol I'll fucking take it.
Holy first world problem batman
Lets be real this isn't a 1% problem, its an order of magnitude or two higher, the 0.01%. According to the WSJ, earning just above $300,000 puts you in the top 1% of Americans.
$300,000 is a lot of money, but don't think for a minute that is the kind of money people can't spend all of too easily or need therapists for because it is too much to manage.
Separating the 1% based on income is deceptive. If you base it on overall wealth, the threshold goes up to $8.4 million, which puts it into much better perspective.
How is that possible, I was blessed enough to grow up in a home where my parents combined make 250,000+. But my family has probably under 1,000,000 in assets including house and cars
Does your family have stocks? Not all assets are material.
They do not, 1,000,000 would be generous I would say that all of our assets totalled would be closer to 700,000. But that would assume we actually own the house and aren't still paying it off
They make 250k and no retirement accounts!? Dude they need to jump on that or their going to be hurting
No retirement accounts and assets that he knows of. Could be that his parents are hiding their wealth from him because they don't want him being entitled and turning into someone who just plays video games all day and gambles away their money.
His parents probably aren't that bad at money. They don't have to be "hiding" wealth, it's just none of his goddamn business, really.
sorry to say so but that's definitely bad money management. Probably spend too much and save to little, no other way of saying it.
How do you have less than 4 years income in assets? Poor decisions?
Dude, I could spend 300,000 right now and barely even change my lifestyle. Like right now, with like 6 online transactions. A million and I might have some cash left over in 24 hours.
Get a second hand BMW M5 and live between several timeshares. Keeps you on your toes!
My neighbor has an e39 M5. The car is cherry. He keeps the body and interior clean enough to eat off of. It's one of my favorite cars of all time.
When he leaves, the spot where he parks his car looks like he's driving the exxon valdez.
Needs the valve cover gaskets done most likely.
Or how about the e60, where (among the numerous other problems) they decided to make rod bearings a consumable part that could grenade the engine at any moment
I can imagine being retired going out to the garage with a jack and coke and pulling the engine on my m3. I sit under the glow of my shop lights and with no urgency recondition the whole thing.
Point is when you like cars and can afford it. It can be a labor of love. I have a neighbor who is literally in his garage all day 95% of days. He has old jeeps he works on among other projects. The dude is like 80 an behaves like a 40 year old.
are you trying to go broke on repairs?
I like that you're not worried about someone trying to live between timeshares.
For some reason that quote reminds me of this one, think it's the style:
― Neal Stephenson
“Hiro used to feel that way, too, but then he ran into Raven. In a way, this is liberating. He no longer has to worry about trying to be the baddest motherfucker in the world. The position is taken. The crowning touch, the one thing that really puts true world-class badmotherfuckerdom totally out of reach, of course, is the hydrogen bomb. If it wasn’t for the hydrogen bomb, a man could still aspire. Maybe find Raven’s Achilles’ heel. Sneak up, get a drop, slip a mickey, pull a fast one. But Raven’s nuclear umbrella kind of puts the world title out of reach.
Which is okay. Sometimes it’s all right just to be a little bad. To know your limitations. Make do with what you’ve got.”
For those who don't know, this is a Katherine Hepburn quote from a movie called "The Sound of Music." There was a lot of war underplot.
If I'd read this quote when I was younger it wouldn't have changed a damn thing, but I'd be able to look back and go 'Man that Stephenson guy knew what he was talkin' bout.'
Whereas with me, 10,000 would literally change my life into something recognizable forever.
I'm not being snarky- I am seriously asking. What would you do with $10,000 that would change your life forever?
Half on a down payment for a home, so I can start paying a $500 mortgage instead of $1200 rent and the rest on a reliable vehicle.
I would have a place to live and transportation.
Where are you living that you can get a $500 mortgage but rent is $1200?
If houses are $100,000 in a decent neighborhood then this is totally possible, assuming taxes are low. I live in Phoenix and had some investment houses, when I got them in 2012 they were $80,000 and were renting for $1,000 a month by 2017.
Oh, I remember when I thought things like that. Right before I bought a house.
Rent is the most you'll pay a month, mortgage is the least. Mine's $700 change, but with taxes and insurance it's over $1300 already. And I need a new driveway. Also siding. And a new deck. My kitchen could use a gut. 3 out of 4 burners on my shitty stove still work. My electrical panel is old enough that it has fuses, and swapping it out is apparently a 12 hour job minimum, plus material expenses. This is after replacing the roof, the windows, removing all the carpet and refinishing the floors, drywalling the basement and replacing the carpet, painting all the interior walls, replacing all the trim, replacing the fridge and dishwasher, replacing the water heater when it busted...I ain't been doing nothing for these past six years, but there's always more to do.
Where do you live that you can make a down payment on a house for $5,000? For a conventional loan, you must pay 20% down to avoid paying PMI insurance (which would make the payment higher by 1-2% a month.) You can get an FHA loan with as little as 5% down, but again you have that PMI payment to make. So, even if you live somewhere super cheap, and can buy a house for $100,000, you would need $20,000 for a downpayment. If you did decided to do an FHA loan with only $5,000 down, you would be paying about $500 bucks a month for your loan, plus your monthly taxes, PMI, and insurance which would put you pretty close to $900-$1000-- then of course there is taking care of the yard, fixing things when its broken, etc.
Just trying to help you see its not that simple.
But Im curious, because I invest in Real Estate and if you live some place where houses are $100k and not in a neighborhood riddled with crime, I would invest-- and I can help you too, getting private investors to put up $10k is easy.
Probably the same place where he is paying a $500 mortgage.
You can get conventionals at 3% and pay pmi. No reason to shove 20% into a house if you have limited liquidity.
Thats what I mean! I hate when people talk about the 1%, it is no where near every 1 in 100 people in the US is making millions every year. This idea its the 1% is really distorting people's views on the matter how rare and how few people are really making that kind of money
The “1%” politically isn’t about the amount of money they make- we all know a few people in the 1%, statistically speaking. They aren’t uber wealthy... but they are extraordinarily over-represented in politics.
For being 1 in 100 people, basically the entire congressional cohort is in the 1%. Half of Congress members are millionaires.
But also, let’s talk about how different the 1% is from the average person- I’m pretty average.
300k is about 10 times what I make. If I spend an average amount on housing, food, and transportation in my area, I have enough left over to service my student loan debt... maybe.
A person in the 1% can live twice as well as I do- double the house, food, and car, and still make enough to pay off my loans by March. They have solved problems I will have to work my entire life to conquer before fucking Labor Day.
I'm not saying those making 300k are just in the same lot as average people, but it isn't as if it doesn't matter what they do and that they all have private jets.
Its a logarithmic curve. The basis is that the 1% can do whatever the hell they want. It really is the 0.01% where that is the case.
How would acquiring 300K in assets not change your lifestyle? What would you purchase with that money that wouldn't change your lifestyle?
I once went to a music gear website and went nuts and loaded up the cart with everything I'd ever want musically.
Then I did the same for a gaming center.
Then for a home theater.
It was about 1.2 million between the three.
I could literally spend 1.2 million dollars on gadgets.
This is a fun project.
I did the math a while back, 5 million per year is around where I'd run out of stuff to spend money on, short of just straight up funding public works projects out of pocket. Theres another bump around a few hundred million a year where more stuff becomes available worth doing, but not much point in between
I did the math as well, and the interest off of 5M was enough where I would run out of things to spend on.
Ya the “1%” is really misleading.
I feel like when that was still a protesting thing, people weren’t rallying against like the local orthodontist or some mid level law associate lol. It’s like the decamillionaires and above
The curve is so steep near the end , it’s really like the top .01%
Even if it is, 300k isn’t nearly enough for a bank to care that much about you
I got 99% problems, but rich ain't one
We’re gonna milk a lot of material from this thread.
It's really not a problem of having too much money, it's a problem of everybody knowing how much money you have. If you're ultra-rich and meet new people, you don't know if they're being nice to you because of you're wealth or because they genuinely like you as a person.
But, yeah, I think most people would take that trade. And the fact that they don't donate all their money to charity and work soul-crushing jobs like the rest of us shows they know their issues aren't that bad.
Batman is a client.
I wish I had enough money to know it didn’t make me happy.
Poor countries would likely have similar problems, there's always someone on top.
I want to have this issue. Doc; it’s just so hard having so much money. How will I go on?!? Well, buying a boat might help; I think I’m cured. You’re fired, I cured myself.
About 70 percent of lottery winners end up spending/losing their winnings, and are miserable withing five years of winning.
People who grow up poor, and/or have poor money management habits, often have no idea what to do with a sudden windfall. And then of course, there are all the family and friends coming out of the woodwork asking for money, charities trying to guilt you into giving them huge donations (if your winnings were announced), to say nothing of dealing with taxes and the like.
If you've grown up wealthy and get more wealthy, it doesn't require a lot of adjustment. Going from being independently wealthy to super wealthy doesn't really affect your habits. But if you've grown up poor, and suddenly have a ton of cash on hand, a lot of people freak out.
When more than have of people who win lotteries end up saying they wish they'd never won it, they need someone to talk to about it.
Yeah, support structures are definitely a part of it. But the major thing appears to be self-discipline and the idea of planning for the future.
A lot of poor people don't really think about the future, they're too busy struggling with the current day. Money is something that's gone as soon as it comes it, so they never really develop the ability to plan, or delay; as soon as they get their hands on any money, they spend it because they know it will be gone tomorrow.
When you're used to always being in debt, you come to accept it as the natural way of things. You don't try to get out of debt, because you know you can't. So when that big windfall comes in, you don't use it to pay off your debts. Like your work mate, you splurge like there's no tomorrow, and since there's no way to refill the money bag once it's empty, you end up worse than before.
A lot of poor people don't really think about the future, they're too busy struggling with the current day. Money is something that's gone as soon as it comes it, so they never really develop the ability to plan, or delay; as soon as they get their hands on any money, they spend it because they know it will be gone tomorrow.
Or they save it unhealthily.
In my early 20s, for example, my approach to money was "pay off your expenses, then put the rest into the bank so you can pay off your expenses next month." I would spend weeks/months deliberating over every non-necessary purchase, even something as simple as a $5 video game or book.
Once I had more disposable income, I realized that I didn't have experience moderating my expenses. I knew how to not spend anything, but I didn't really know how to spend a little. Instead of spending moderately, I would essentially binge-spend -- live like an ascetic for two or three straight months, then live like a king for a week or two, then freak out because I didn't know how to figure out if I was fucking my budget up, then go back to living like an ascetic.
That’s exactly what I was like in my early 20s lol
Rapid cycling between monasticism and hedonism.
He basically had a 266k income for three years; still close to 1%, but also still within reachable income ranges. I'd say understandable, as this would be the exact thinking I would have (and that he would probably miss) that would make me realize "if I spent this normally, I will lose it quickly, my only hopes to turn this into a real positive is to invest it wisely somehow, or to supplement my income, with preference for a mix of the two".
Good job dad! I hope the gardener is happy and living somewhere with a beautiful garden of his dreams.
"I guess you can take care of the garden for free now?"
I could see this being an issue for folks. I've always been broke, so I'm used to the feeling of questioning every single purchase I make and thinking at some level that I'm doing the wrong thing. I definitely could see this kind of dilemma for rich folks who wonder if it's morally okay to buy a boat or whatever when there's plenty of charities to donate to, especially if they already donate a lot. I could see it being a constant struggle to determine just how much you owe yourself, your family, and the rest of the world.
And that's not getting into constantly wondering if your acquaintances, friends, family only like you for your money.
a friend of mine made some money out of thin air (some sort of fraud thing) and someone took the money and disappeared... someone he trusted with his life... it's insane what money does to people.
someone he trusted with his life...
Maybe a fraudster isn't the best judge of character.
Gone as it came
Edit: ?? Not sure why this was downvoted; gone as it came both in the sense that it was gone quickly, but also that it was gained fraudulently and lost fraudulently by a fraud of friendship, which also makes the "its insane what money does to people" interesting because you expect it to be talking about the 'villain' of the story, the friend's friend, when it really doubles to talk about them both.
My brother in law works as a seasonal chef for a woman who is worth billions. Yes with a B. She has issues because people are constantly trying to take advantage of her. People she allows to be close to her, then realizes they've been cheating her.
I can imagine its a big head fuck.
I make more now than both my parents combined did. I rent and have no kids, so none of the financial drains they had either.
I still get the occasional imposter syndrome/anxiety if I go into a Starbucks. Like "this is stupid expensive coffee for dumb yuppies with more money than sense, wtf am I doing here ordering a Frappuccino like some sort of uppity jackass".
I still get the occasional imposter syndrome/anxiety
Yeah, I feel the same. I didn't grow up dirt poor, because as my grandfather always said, we never took a handout. We didn't take charity, although there were kids in my school who did, and they were better off than we were. But my family strongly believed that charity was for those that needed it, and as long as we had a roof over our heads and we could afford to eat, we didn't need charity.
Even adjusting for inflation, I probably made three or four times what my grandfather did when he was my current age, and I'm not supporting five other people and paying a mortgage at the same time. But I still drive my 11 year old car because there's nothing wrong with, my TV is a 37" set I got about the same time, my stereo is the same, etc.
Sure, I could buy a 4K 75" TV set, and a really high end stereo, and probably get a new BMW or similar nice, high end car, but why? I don't need them, and what I have is fine. And yet I know people who are in much worse financial shape than me that buy every new toy that comes out, and then complains about money.
For me, having the security to not have to worry/complain about money is worth a lot more than having a shiny BMW or a $1000 iPhone.
I'm financially comfortable now, but I still get anxiety anytime I pay over, like, $15 for a pair of pants.
Growing up it was the cheapest pants from KMart or JCPenny. As we got older it was a treat to get $25 nicer jeans for school. And if you really begged and sacrificed other clothing items, you could maybe get that super cool $30+ pair of jeans.
Shopping for adult clothing is super stressful now, because women's clothing is so stupidly fucking expensive. "Oh, this blouse looks nice for work. $35 fucking dollars?!? For a blouse I'd have to layer because it's sheer??".
Thankfully my new job is casual dress code so my wardrobe is being replaced with $10 t-shirts from TArget or online sites and Old Navy jeans when they have their $20 sales, lol.
:/ If I had a billion dollars I’d build a small city and name myself it’s mayor/lord. That seems like a neat project
Before reading the article I thought it would be more about not having that small high after you purchased something you saved your money for and that you have wanted for some time. No gratification from buying anything.
Joke's on you, I never feel gratification from buying things. I only feel anxiety.
The richest person I know still lives the same way that he did before he made it, with a couple of minor exceptions, housekeepers and flying business class as far as I know. He drives an 8 year old average car.
I do this and I’m not rich, I always self question myself on every single purchase no matter how small
Everyone's talking shit about the people that need this therapy, ace here I am wondering how to get this job.
I could do that.
Client: “I just don’t know which Ferrari to get”.
Me the wealth psychologist: “ Montgomery, why not get both?”
Client: “thanks, doc”
Me the wealth psychologist: “get out of my office you little scamp”.
Do they “hate” their neighbors, or merely lack a connection to them?
I’ve spent a lot of time around wealthy people too, and it seems that in many ways their wealth isolates them because they don’t have to depend on their neighbors for anything. Every rich household is self-contained.
I've seen some of this. One might call it "gated-community syndrome."
This sounds like my Florida grandmas HOA. It's far from a wealthy community, the hoa is considered a perk for being a retired housing community. But man...the stories are so stupid it hurts my head. They literally drive around the neighborhood to photograph each other, just as you said. Rather than legal lawsuits, it's trying get each other kicked out of the community. And the politics surrounding being on and staying on the board? Makes government politics look like kids in a sandbox, lol!
I spent a morning recently walking a trail in a wealthy cliffside community. I passed several people who were talking about their therapists. I think when you don't need a job, you miss out on all of the non-money things a job provides: structure, hierarchy, meaning, people, purpose. It's really easy to become miserable without a community.
It's definitely a first world problem, but I have some anecdotal evidence that may help it make sense. I had a good friend who's family went from living in a really nice house to a not that nice apartment once his architect dad lost his job after the '08 debacle. I helped move them in to the new place and I remember his mom crying her eyes out.
Anyway flash forward a few years later. His rich grandparents die and leave all the grandchildren a few million each. He called me, happy that his family's position had improved so much, but freaking out because he had no idea what to do with all that money. He said it felt like he'd just received a huge responsibility that he wasn't prepared for.
When I was in my early 20's and spent most of my time working in restaurants and spamming job boards with my resume, I used to get bored and would sometimes post "fake" resumes to Craigslist for various "services" that didn't actually exist.
One of these was to be a "reality consultant." I had at the time over 20 years experience being normal as fuck, and for the low price of $100k/year I would happily tell you that something was a bad idea.
I never got any responses, but I maintain that I could have helped both Michael Jackson and Britney Spears.
and Britney Spears
It is not too late.
👌🏻 wow I’m playing the world’s saddest song over here
(Wealthy people can be mentally unwell but if the issue is literally having too much money, donate that shit man)
A millionaire (or billionaire, can't remember which) did an AMA years ago and I asked him what kinda things made him unhappy.
His response was that his friends treated him differently. Was interesting to hear how he was no longer accepted by some of his long time friends because he suddenly had money to do whatever he wanted. That would stress me out more than figuring out how to spend it.
I can see how having millions would be a burden. I don't even like having really nice things because then I worry about taking care of them or worry they will get damaged. Maybe it's the fear of losing their wealth.
Either way, they can afford the therapists and probably find the time to reflect and accept that everything is temporary. Lol I've managed to realize that and I've never had more than three thousand dollars to my name.
There was that one AMA about the guy who knew a bunch of multi-billionaires through some happenstances in his life and said that they told him that at that level of wealth, it's really hard to tell whether someone is only with them for their money or not.
Must suck having to always doubt why the people closest to you in your life are with you.
There's a really simple solution to that
Only be friends with other wildly rich people
Hmm. A big social circle of wildly rich, powerful people that don't like to associate with normal people out of fear of being hated or taken advantage of. That doesn't sound dangerous or anything! Or at all like real life!
Or at all like real life!
if you are that rich, your version of life is nothing like that of the average man
Better yet : Get a dog.
Unless you only hang out with people who are richer than you, you need to accept that some people will always want money from you. What people really need to do is accept the fact that sometimes you just need to turn down your friends and live with that.
The only difference is the amount of money being asked for. No one ever has a broken heart because they refused to buy a friend a pizza or a beer. There is no reason for someone to have a broken heart because they refused to buy a friend a house or a car.
it's really hard to tell whether someone is only with them for their money or not.
There's a lyric in Bebe Rexha's song "I'm a Mess":
Nobody shows up unless I'm paying
It's a super simple line, but surprisingly powerful IMO.
I think I read that exact same response. They also said the line "At 50 billion dollars you can buy anything. ANYTHING" or something like that right?
It doesn't take millions.
I'm not what you'd call rich, but I'm definitely quite comfortable, and can afford to indulge in expensive hobbies like photography. Most of my family and my friends back in Portugal aren't in that position. It's kind of hard to not feel guilty about the fancy lens you bought for your fancy camera while your friends and family are struggling to make rent.
I was briefly fairly wealthy and made some very bad decisions about it. I wanted to hold dinner parties and pay for everyone, invite people out for drinks and pick up the entire tab, that sort of thing. It had a major negative effect on my social life and I lost a bunch of friends. I think now that people like to feel self-reliant. I think they saw the situation from quite a different perspective and I realised my mistake too late.
Don't be fooled that it's anything other than a fancy title for a salesman. The bank does nothing out of the kindness of its heart.
I could see this being a real issue for people who win really large lottery amounts.
You win the lottery and are excited! You can do anything! You can pay your bills and buy everything you ever wanted!
Then you find yourself getting suspicious of the motives of your friends and family. You have to deal with family members and strangers alike demanding that you give them money because you didn't earn it, so you should give them some. You find yourself constantly worried that someone might try to kidnap your kids or try to kill you for the money.
I could also see this being an issue for someone who had a business take off or who had an investment pay off suddenly.
Anyone who's ever been on the other end of someone's strong jealousy would know that there is a steep cost to having anything exceptional, be it wealth, looks, intelligence or even kindness.
You don't think anxiety over donating in an effective way and not getting taken advantage of would still be a problem? "donate that shit man" is a weighty and high-stakes endeavor.
Made an alt just for this for privacy reasons.
I go to a boarding school that costs nearly six figures a year, so I see more than enough of these kids who will never work a second in their lives. Super depressed, party really hard just to make themselves think that they are 'living the life'. Sure they might spend 10,000 CHF on bottles in a weekend but some are incapable of holding a normal conversation. I myself am in quite a fortunate position, but I'm very happy to be able to go to a good public university next year with more 'normal' people. People who actually want to do something with their lives instead of just spending money on their mom's credit cards.
Now that my little rant is over, I can safely say I don't envy them.
I have lots of questions. What facilities do they provide for that kind of money and do the not students use them to achieve a lot? What do you feel about their character?
We have very small classes (we are 9 students in my class), with lots of support from the school academically if you want it. Lots of sports facilities, we got 5 tennis courts that turn into an ice hockey rink during the winter, our school is 500 meters away from the ski slope, those kinds of things. Don't get me wrong, I love it here.
For the characters I would say that there are two types of kids, the stereotypical trust fund kiddies, and those who are pretty normal students with normal ambitions. Of course some students have less academic pressure as they will be taking over family businesses, but can be very down to earth people.
It's a goldmine for networking though, for example I was working on a start-up idea a few months back and got enough funding in 20 min by asking just a few close friends, people I wasn't close with would come to me to ask if they could invest! Keep in mind these are all 13-18 year olds!
*Never ended up spending the money I got as I called off the project because of legal issues :(
Banks have them to secure more ways for the banks to get a cut of their money
Even though I'm not rich, I can understand this. Imagine if you were given $1 billion, what would you do with it? How would you ensure that people want to be your friends for who you are and not your money? What happens if it is all gone?
Good thing too. People might decide to give their money to charity or something rather than putting it in the bank
It's especially important for people like pro athletes or pop stars or lottery winners who are making a ton of money all at once but haven't had it in the past and need to make it last a long time.
The first solution to a problem is to eliminate the source of the problem. I can help.
Sean Parker questioned whether having money really makes your life better. Being ultra rich is oxymoronic, you don't want to give too much away as it provides security... But it also makes you a target
So Long, and Thanks for All the Fish had a bit on something like this, a girl with a masters degree consoling the ultra rich. Damn do those books age well. Douglas Adams is sorely missed
A lot of the comments here are bashing rich people for their first world problems.
It’s a little ironic; we’re upset that the wealthy are unable to empathize with our “poor people problems”, while we’re unwilling to empathize with their “rich people problems”.
No, I don’t think rich people problems are as serious as poor people problems. At the same time, how can you expect there not to be a divide when both sides belittle the other?
What's most troubling to me is the fact that their sadness is just as real and tangible as everybody else's, even if it's not for as "good of a reason". So not only are they experiencing just as much sadness as other people, they get a bunch of sass and complaints which completely invalidates their feelings.
I think it's more that having too much money is a) a much easier problem to solve than having too little and that b) in solving it you would be helping a lot of people.
This is something that sounds ridiculous, but actually makes a lot of sense. Think about a guy who is born in a slum to a single parent. Dad is an alcoholic scamming welfare to get his booze money, mom killed herself when he was a baby because she was in pain and they couldn't afford for her to go to the hospital. He gets thrown out at 15 because they don't like having to spend money on him.
Unsurprisingly, he's dirt poor into his 20s. But this was a few decades ago, and with a little bit of welfare, and a shitton of luck and hard work, he manages to get into community college, and then a local university part time. Suddenly, he isn't loading trucks anymore, he's an engineer or accountant or salesman or whatever making twice or triple the money. And maybe, just maybe, he gets lucky and has the opportunity to wind up near the top in the company. Suddenly, he's making over a million a year. Meanwhile, he still hasn't learned how to make a budget or how to invest any of this, since he's been living as though he never stopped loading trucks. Maybe he remembers where he came from, and even though he knows he worked for his money, he feels guilty for doing better than his peers. Meanwhile, he has a few million sitting in a savings account with .01% interest.
This doesn't happen often, because it takes a metric fuckton of luck. But it does, and even weirder is that when it does, loading trucks to first million can be less than a decade. People just don't know what to do, and they're going to need someone not just to educate them on how to care for their money, but also how to use it.
By the way, that was a real person.
Have they considered giving some of it away?
Have you considered that they are and do? But that stressing over who deserves it and where it will do the most good is part of the problem? Bill Gates has made it his full time job. and I'll bet he still looses sleep at night wondering if he's targeting the right issues and methods.
Yes great idea! You! I'm giving it all to you!
Who help the psychologist to deal with this?
They help by charging $600/hr until their wealth isn't so immense
No. No they don't.
They have guys hired to make those ultra rich people stay with the bank and spend more money on them.
They couldn't give a single flying fuck about their welfare.
“I’m torn, Doctor.”
“What’s the matter?”
“Well, you know of my plan to line the Grand Canyon with Ferraris, light them on fire, and then kick them over the edge?”
“Well, I don’t know if they should be red or black. It’s fucking killing me!” -tears-
“Aw, poor baby, c’mere, honey.”
Seize the means of production!
My heart truly bleeds for what they must go through..