Superficial way you judge people as rich ?

[Anonymous]

Anonymous wrote:Rugs. Rich people have expensive rugs in their houses.

This is a good one.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Indian Americans.

They live below their means but most are rich. Even the poors have enough to pay for kids college, big fat 100K weddings, retirement, paid off home, kid's first car etc.

How do they do it?

B/c they have no retirement and expect their kids to pay for their life past 60. They aren't rich.

This is not true at all. Indian-Americans are the wealthiest ethnic group in US.

https://en.wikipedia.org/wiki/List_of_ethnic_groups_in_the_United_States_by_household_income

Yeah I think there are a lot of Indian Americans who have similar wealth profiles to what people on this thread might consider “rich” or at least UMC. And they have almost none of the tells of wealthy white folk. Most of us don’t even think of ourselves as rich but rather as professionals. So very much working people and so the behavior is different. The truly wealthy Indians are upper class in India which is its own thing.

But I stopped to think about it and our family is very comfortably off. My parents have a decent amount of money to support their lifestyle which includes international travel and hanging with the grandkids. Ideally there won’t be much left over but let’s say low 6 figures for each of their kids. By far their most important contribution was that we all had expensive weddings, graduated school with no debt, and received a little money here and there as we got set up in life. And all this from normal educated middle class immigrant parents. My ILs were not spenders and I don’t know exactly what their estate will look like but I expect my kids will each inherit ~$1M in trusts that will come to them from that side of the family. No way you would imagine this if you saw my MiL who shops at kohls.

We have an HHI of about $650K. We spend on travel but pretty much nothing else except a house with a good school system. Kids are in public. One will end up at a fancy lottery private that we can afford because of the 529s pretty much the whole family has been contributing to since they were born. The other can go wherever but will probably go to the (great) state flagship unless a $80K private really seems worth it.

So not flashy in anything. Huge emphasis on education. No idea what the next generation will be like but so far they seem to be imbibing the family schtick to spending. We’ll see.

NP

UMC Indian's love Tesla.

[Anonymous]

Anonymous wrote:

Anonymous wrote:New money rich:

- thin and attractive with a tastefully done spray tan all year long.
- straight and whitened teeth and good cosmetic work
- good hair. Expensive highlights and cut
- expensive designer clothes. Tasteful but you know they’re expensive. Designer purses and watches a must!
- fancy private school
- nice well decorated house in a desirable zip code
- international travel at fancy resorts
- competitive personality

None of this pertains to the truly wealthy people I know, only the poseurs. The bolded is laughable.

No one with money and class has a spray tan - GTFOH. It is easily the same "bracket" as having a/some tatoo/s.
It's 2023 - I don't know anyone under age 65 who wears a watch or who carries a purse.
The wealthy people I know have minimally designed homes - not matchy matchy clutter.
Successful people don't have to compete, and strivers think they have to compete.

Have you ever seen a woman? A female human?

[Anonymous]

Driving a Ferrari and flying private jets.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Private k-12 is the ultimate signal. Except is rare circumstances, I’m really judgy about even wealthy families sending their kids to public. I assume they’re stupid and fell into money.

yeah that's definately judgy. Many of us wealthy believe in public schools and actually choose to live where there are great ones, so we send our kids to public.

So you live in a really wealthy neighborhood, similar idea

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:New money rich:

- thin and attractive with a tastefully done spray tan all year long.
- straight and whitened teeth and good cosmetic work
- good hair. Expensive highlights and cut
- expensive designer clothes. Tasteful but you know they’re expensive. Designer purses and watches a must!
- fancy private school
- nice well decorated house in a desirable zip code
- international travel at fancy resorts
- competitive personality

None of this pertains to the truly wealthy people I know, only the poseurs. The bolded is laughable.

No one with money and class has a spray tan - GTFOH. It is easily the same "bracket" as having a/some tatoo/s.
It's 2023 - I don't know anyone under age 65 who wears a watch or who carries a purse.
The wealthy people I know have minimally designed homes - not matchy matchy clutter.
Successful people don't have to compete, and strivers think they have to compete.

Have you ever seen a woman? A female human?

Or an Apple Watch?

[Anonymous]

1. Vacation home(s), expensive regular trips several times per year skiing at places like Aspen.
2. Private schooling from preK to college
3. Having assistants/housekeepers at home to help regularly
4. Expensive hobbies like not just riding horses but owning them and competing regularly.
5. Clothes/jewelry/bags to some degree especially if passed down. Sometimes it is "louder" like Gucci Marmont bags/Golden Goose Sneakers. Other times, quieter labels like Le Monde Beryl, Tod's, Loewe.
6. Regular charitable donations esp from family foundations.

[Anonymous]

A nanny for the kids, a housekeeper, 3M+ primary home, winter home/retreat, country club membership, vintage car.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:New money rich:

- thin and attractive with a tastefully done spray tan all year long.
- straight and whitened teeth and good cosmetic work
- good hair. Expensive highlights and cut
- expensive designer clothes. Tasteful but you know they’re expensive. Designer purses and watches a must!
- fancy private school
- nice well decorated house in a desirable zip code
- international travel at fancy resorts
- competitive personality

None of this pertains to the truly wealthy people I know, only the poseurs. The bolded is laughable.

No one with money and class has a spray tan - GTFOH. It is easily the same "bracket" as having a/some tatoo/s.
It's 2023 - I don't know anyone under age 65 who wears a watch or who carries a purse.
The wealthy people I know have minimally designed homes - not matchy matchy clutter.
Successful people don't have to compete, and strivers think they have to compete.

Have you ever seen a woman? A female human?

Yup. And the ones under a certain age only carry their phone. Also, they have nothing to prove.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Indian Americans.

They live below their means but most are rich. Even the poors have enough to pay for kids college, big fat 100K weddings, retirement, paid off home, kid's first car etc.

How do they do it?

B/c they have no retirement and expect their kids to pay for their life past 60. They aren't rich.

This is not true at all. Indian-Americans are the wealthiest ethnic group in US.

https://en.wikipedia.org/wiki/List_of_ethnic_groups_in_the_United_States_by_household_income

Yeah I think there are a lot of Indian Americans who have similar wealth profiles to what people on this thread might consider “rich” or at least UMC. And they have almost none of the tells of wealthy white folk. Most of us don’t even think of ourselves as rich but rather as professionals. So very much working people and so the behavior is different. The truly wealthy Indians are upper class in India which is its own thing.

But I stopped to think about it and our family is very comfortably off. My parents have a decent amount of money to support their lifestyle which includes international travel and hanging with the grandkids. Ideally there won’t be much left over but let’s say low 6 figures for each of their kids. By far their most important contribution was that we all had expensive weddings, graduated school with no debt, and received a little money here and there as we got set up in life. And all this from normal educated middle class immigrant parents. My ILs were not spenders and I don’t know exactly what their estate will look like but I expect my kids will each inherit ~$1M in trusts that will come to them from that side of the family. No way you would imagine this if you saw my MiL who shops at kohls.

We have an HHI of about $650K. We spend on travel but pretty much nothing else except a house with a good school system. Kids are in public. One will end up at a fancy lottery private that we can afford because of the 529s pretty much the whole family has been contributing to since they were born. The other can go wherever but will probably go to the (great) state flagship unless a $80K private really seems worth it.

So not flashy in anything. Huge emphasis on education. No idea what the next generation will be like but so far they seem to be imbibing the family schtick to spending. We’ll see.

NP

UMC Indian's love Tesla.

Also love - hybrid or electric - luxury cars. UMC Indians homes are geared towards entertaining.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Indian Americans.

They live below their means but most are rich. Even the poors have enough to pay for kids college, big fat 100K weddings, retirement, paid off home, kid's first car etc.

How do they do it?

B/c they have no retirement and expect their kids to pay for their life past 60. They aren't rich.

This is not true at all. Indian-Americans are the wealthiest ethnic group in US.

https://en.wikipedia.org/wiki/List_of_ethnic_groups_in_the_United_States_by_household_income

Income is not wealth. And this does not take into consideration Location. They're concentrated in HCOL cities so of course they have higher salaries plus they're far more likely to be married.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Indian Americans.

They live below their means but most are rich. Even the poors have enough to pay for kids college, big fat 100K weddings, retirement, paid off home, kid's first car etc.

How do they do it?

B/c they have no retirement and expect their kids to pay for their life past 60. They aren't rich.

This is not true at all. Indian-Americans are the wealthiest ethnic group in US.

https://en.wikipedia.org/wiki/List_of_ethnic_groups_in_the_United_States_by_household_income

Income is not wealth. And this does not take into consideration Location. They're concentrated in HCOL cities so of course they have higher salaries plus they're far more likely to be married.

What are you trying to argue?

Yes, they are immigrants who come to America without wealth.

Yes, they are concentrated in HCOL areas and so have higher salaries. Also, mostly in high paying careers. Most likely to be married and remain married.

Yes, the first gen save to pay for kids college, weddings, help with other costs. Perhaps some money to grandkids too.

All of the above make them behave like the rich. But they certainly do not have other cultural tells of WASP rich people with generational wealth.

No, they are not dependent on their kids for their retirement. Most will have saved for retirement and live well. Multi-generational families are a cultural norm so that is not a function of poverty. They also do not have the cultural tells of WASP poor people who actually cannot afford their retirement. Living together in a multigenerational household is the way Indian Americans take care of the vulnerable generations (young and elderly). This eventually allows them to leapfrog into higher SES within a decade or two of arriving empty pocket into this country.

Most are college educated in STEM subjects. Even the SAHMs who choose to devote themselves to educating their kids.

[Anonymous]

voluntarily retired early while healthy and fit.

[Anonymous]

Stay at home parent (usually a mother) with kids in private school.

Good teeth and hair is also a baseline.

I do not make assumptions about people based on their purses, jewelry or clothes. Have seen many people who blow all their money on superficial things like this, and it’s absurd to me.

[Anonymous]

Old money women do have a certain look. Usually it's a side part with clear skin, perfect teeth, classical facial features, thin and brand name clothing. Probably were in a sorority in college and after college are in some charity league.