What Are the Tell Tale Signs of 'New Money' People?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:New money: always talking about grinding, hustling, starting something new, investing, account types for tax advantages. In summary making money

Old money: mostly talks about spending money. If the smart earner didn’t set up a trust they’d probably piss through it all in less time than it took to make

No. Never.

Y'all are always so far off with this stuff.

Well what kind of conversation do they have?

The birds that visited the birdfeeder today

Relatives (but make sure it is at least 95% positive or neutral, gossip is avoided)

The business news (like from the WSJ)

Local news (anything of note, big a new high school being built, or small, like a fire persen rescuing a kitten from a tree)

Gardening / growing seasons

Party/fundraiser planning

Whatever is going on with the group they are on the board of (grandmother 1 was on board of local Goodwill, grandfather on board of a new public college, other grandmother an officer of the garden club, etc)

How ridiculous the new tee time policy is.

[Anonymous]

Anonymous wrote:I visited the house of one of my DD's schoolfriends, it was a $14 million house in the Hills in LA. Everything inside was white, the furniture, the rugs, the ornaments. There was nothing "inherited" or old of value.
That is new money. A LOT of new money, but new nonetheless.

I've seen similar on a smaller scale in Bethesda. We had neighbors with a lovely old house from 1910 that they'd lived in since the 1980s but everything in it was new and bland, like they just replaced it all every decade. Again, new money, nothing of real value that was worth keeping.

New money? Ok. But what comes to mind for me it "petless."

[Anonymous]

Can we just have a new forum called “class” for these questions sothey don’t clutter up the financial advice forum?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Nails. Nouveau Riche have exotic shapes, polishes, weird "French" manicures with colors that are not shades of white/cream and pink/beige (depending onnrace). In any case nails should be filed oval/almond depending how they grow and fairly short. Buffed is excellent. Quite practical, too.

Makeup. Nouveau trophy women have elaborate contouring, several shades of blush/highlighter/shadow. DRAMATIC lipstick and eyes.

Controversial comparison but look at Lauren Sanchez and Princess of Wales pre-2023. Hard to think of equivalent US old money dressed up.

She's definitely not old money. Her mother was a flight attendant, her father a dispatcher. They made money running a party business.

The Royal family is also considered decidedly middle class (British sense) in comparison to the aristocracy who are the real old money in the UK.

[Anonymous]

Anonymous wrote:Horseshoe theory: old money and WT like the same things. Horse racing, dogs, alcoholism, marrying your cousin, stealing, living in a falling down house because you can't afford to get it fixed, boats, black sheep family members and racism.

So true!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Nails. Nouveau Riche have exotic shapes, polishes, weird "French" manicures with colors that are not shades of white/cream and pink/beige (depending onnrace). In any case nails should be filed oval/almond depending how they grow and fairly short. Buffed is excellent. Quite practical, too.

Makeup. Nouveau trophy women have elaborate contouring, several shades of blush/highlighter/shadow. DRAMATIC lipstick and eyes.

Controversial comparison but look at Lauren Sanchez and Princess of Wales pre-2023. Hard to think of equivalent US old money dressed up.

Agree about the nails. But there was that NPR piece last year about how simple oval nails are markers of white supremacy and somehow not available to poc. YMMV obviously.

Huh?

This is why NPR needs to look inward and reassess. Not available? Oval nails are available to EVERYONE *with* *a* *nail* *file* I’m a lefty but seriously?

[Anonymous]

Anonymous wrote:Painted fingernails

This!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Talking about money. At all ever.
This is not a topic ever brought up by individuals from old line families. Unless it’s behind closed doors with your financial advisor or the most trusted people in your family. It’s considered extremely gauche.

Dressing flashy. Wearing lots of expensive or expensive looking jewelry. Old line families dress very plainly and conservatively. They’re clothes and shoes and jewelry might be very expensive, but you never know - they invest in specific pieces to last.

Old line people listen more than they talk.
New money people talk more than they listen.
They want other people to know about their money and run their mouth constantly about it. Old line people don’t want anyone to know about their wealth, and they purposely don’t want it known.

Old line people are dying out. They are only a very small percentage of the 1%.

Yep.they ran out of money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Talking about money. At all ever.
This is not a topic ever brought up by individuals from old line families. Unless it’s behind closed doors with your financial advisor or the most trusted people in your family. It’s considered extremely gauche.

Dressing flashy. Wearing lots of expensive or expensive looking jewelry. Old line families dress very plainly and conservatively. They’re clothes and shoes and jewelry might be very expensive, but you never know - they invest in specific pieces to last.

Old line people listen more than they talk.
New money people talk more than they listen.
They want other people to know about their money and run their mouth constantly about it. Old line people don’t want anyone to know about their wealth, and they purposely don’t want it known.

Old line people are dying out. They are only a very small percentage of the 1%.

Yep.they ran out of money.

As my dad says about our family, "money so old there isn't any left"

[Anonymous]

Anonymous wrote:

Anonymous wrote:Well no hope for me. My nails are purple and I had pasta salad for dinner. 😟

No no, new money hates pasta salad because it might give them away as former LMC. Old money doesn’t care if someone eats pasta salad.

What if you just don’t like f’ing pasta salad? What does that make you?

[Anonymous]

Anonymous wrote:New everything: new house with new cars and lots of showy new toys like a pool, a custom installed playground and or sport court for the kids, hosting lots of big parties for every occasion. Vacationing in “prestige” locations to see and be seen. Joins country club. Loves to participate in fundraisers and auctions but never as an anonymous donor. Joins the right church, gets DC in right sports, right schools always with social engineering a priority.

Also: new - friends. Their best friends are their new neighbors/country club members/maybe new church friends but few if any childhood friends and typically family is on periphery kept hidden so as to keep appearances and mystery alive.

You’re never entirely certain how this family gained all of this wealth and that’s part of the mystique. Maybe he’s some sort of wealth manager and maybe she does really well in sales but no one knows for sure. You’re not to ask.

This is an oddly specific post.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:New money: always talking about grinding, hustling, starting something new, investing, account types for tax advantages. In summary making money

Old money: mostly talks about spending money. If the smart earner didn’t set up a trust they’d probably piss through it all in less time than it took to make

No. Never.

Y'all are always so far off with this stuff.

Well what kind of conversation do they have?

The birds that visited the birdfeeder today

Relatives (but make sure it is at least 95% positive or neutral, gossip is avoided)

The business news (like from the WSJ)

Local news (anything of note, big a new high school being built, or small, like a fire persen rescuing a kitten from a tree)

Gardening / growing seasons

Party/fundraiser planning

Whatever is going on with the group they are on the board of (grandmother 1 was on board of local Goodwill, grandfather on board of a new public college, other grandmother an officer of the garden club, etc)

How ridiculous the new tee time policy is.

Basically spending money and a bunch of nothing

[Anonymous]

Sign such as live laugh love etc in house.

Owning a pit bull

Treating hired help badly, like underpaying of nickel and diming nanny, babysitter, housecleaner, lawn service, etc

[Anonymous]

Also, trip to Iceland and Disney cruise.

[Anonymous]

I grew up generic umc but went to waspy sleepaway camp with some old money in New England. I feel like their heyday was in the 80s and the culture started dying out closer to the new millennium. I always associated old money with old Volvos, llbean/old clothes, alcohol, cheap food when hosting, clambakes in summer at the Martha’s Vineyard house, extreme non showiness, decorum, tasteful $$ old houses, family compound summer houses in Maine / Nantucket / mv, liberal arts degrees (college is not vocational school),prep school, men not showing their toes (ie boat shoes instead of flip flops). I’m not sure though to what extent this culture even exists anymore