Secrets of rich people

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Think of your family -- your children and grandchildren, and the sacrifices your parents and grandparents made to get you where you are. What some would call "privilege" (such a silly term) is most often the result of previous generations of a family thinking about future generations of the family. I spend over $70k per year on private schools for my two children, max out my investments, but drive an old Toyota. I'd prefer to leave more for my children and grandchildren (and to teach them to do the same, as my father taught me) than to impress you with a Jaguar or Rolex.

Well let me see. My parents did make a good life for me but there was/is no wealth to pass on because their parents who worked hard and did their best did not inherit any wealth because their parents were sharecroppers who didn't inherit any wealth because their parents were slaves and their parents were slaves and their parents were slaves....

So your great-great grandparents were slaves?

Do you not realize how recent slavery was? A person born into slavery in 1850 could easily have a child born in 1880, a grandchild born in 1910, a great-grandchild born in 1940, and a great-great grandchild born in 1970. There are plenty of people alive today in their 70s and 80s (both black and white) who grew up with grandparents who remember slavery.

(I bet you also think that segregation and the Jim Crow era were long enough ago that of course it doesn't affect anyone's lives anymore, right? Despite the fact that anyone over 60 grew up in that era and most of the rest of us were raised by someone who was?)

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Think of your family -- your children and grandchildren, and the sacrifices your parents and grandparents made to get you where you are. What some would call "privilege" (such a silly term) is most often the result of previous generations of a family thinking about future generations of the family. I spend over $70k per year on private schools for my two children, max out my investments, but drive an old Toyota. I'd prefer to leave more for my children and grandchildren (and to teach them to do the same, as my father taught me) than to impress you with a Jaguar or Rolex.

Well let me see. My parents did make a good life for me but there was/is no wealth to pass on because their parents who worked hard and did their best did not inherit any wealth because their parents were sharecroppers who didn't inherit any wealth because their parents were slaves and their parents were slaves and their parents were slaves....

The whole narrative of this thread is innately classist/racist. Thank you for pointing this out.

In that vein, my great-grandparents were immigrant factory workers, my grandparents made nice middle-class lives (teachers, secretaries), and my parents and their siblings were the first generation to earn advanced degrees. Enough to make a nice income, but no inherited wealth. It does make a difference.

Yes, but now you will leave something to your kids, and then they leave more to their kids, etc., as opposed to spending it on a Jaguar or Rolex to impress the neighbors, etc. That is how wealth is built, over generations. Sure, some do it in a single generation -- Jobs, Bezos, Carnegie before them -- but for most it is based on sacrificing for yourself to benefit (and teach) future generations of your family. Then you'll just have to ignore some pitiable fool who calls the result of your multi-generational saving and sacrifice "privilege".

What the heck do you think "privilege" actually is? It's getting something better than other people for reasons other than your own merit/hard work/etc. Are you claiming that kids somehow "earn" or "deserve" or get to pick having richer or poorer parents when they're born? If not, that's the very definition of privilege. Some people start out with less advantages and resources than others through no fault of their own, others start out with more through no merit of their own.

My friend, are you rich? Apparently not. This thread was for secrets of rich people. And I'm telling you one --- think of yourself as part of a family, not as an individual. Wealth built up by a family does not confer a "privilege", but instead an obligation, on those born into it.

Oh, and by the way, the 1970s called, asking how you're enjoying your narcissistic individualism, no hassle divorce and fatherless families.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Getting your company to pay for everything. Phone, laptop, car, etc. It seems the more successful you are, the less you pay for things.

Unless you work at a cheap firm. They don’t even pay for any of that for the partners.

"They" are the partners.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Getting your company to pay for everything. Phone, laptop, car, etc. It seems the more successful you are, the less you pay for things.

Unless you work at a cheap firm. They don’t even pay for any of that for the partners.

"They" are the partners.

And the partners don’t even pay for any of that for the partners.

Better? I know exactly who they are and the meaning and effect is the same.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Most on DCUM come from money

This is the DCUM lie people tell themselves to make them feel better. It couldn't be from luck, hard-work, education, saving, investing, or anything else. Gotta be from dear old Uncle Moneybags IV.

No, you misunderstand what it means to come from money. Did you parents have stable jobs, own their own home, attend a school were less than 40% were FARMS, and you didn't have to take out 5-6 six figure student loan debt for just your undergraduate education? Then you came from money.

Even more so, if your parents/family/friends from home can give guidance for career planning or even help with job/client referrals, even more so. You are running in a different world than over 50% of the rest of the country.

This exactly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Most on DCUM come from money

This is the DCUM lie people tell themselves to make them feel better. It couldn't be from luck, hard-work, education, saving, investing, or anything else. Gotta be from dear old Uncle Moneybags IV.

I know some who inherited it, but most rich people work and invest their money and don't blow it on stupid stuff. People wouldn't guess we are rich except that we live in Mclean, otherwise we aren't fancy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Think of your family -- your children and grandchildren, and the sacrifices your parents and grandparents made to get you where you are. What some would call "privilege" (such a silly term) is most often the result of previous generations of a family thinking about future generations of the family. I spend over $70k per year on private schools for my two children, max out my investments, but drive an old Toyota. I'd prefer to leave more for my children and grandchildren (and to teach them to do the same, as my father taught me) than to impress you with a Jaguar or Rolex.

Well let me see. My parents did make a good life for me but there was/is no wealth to pass on because their parents who worked hard and did their best did not inherit any wealth because their parents were sharecroppers who didn't inherit any wealth because their parents were slaves and their parents were slaves and their parents were slaves....

The whole narrative of this thread is innately classist/racist. Thank you for pointing this out.

In that vein, my great-grandparents were immigrant factory workers, my grandparents made nice middle-class lives (teachers, secretaries), and my parents and their siblings were the first generation to earn advanced degrees. Enough to make a nice income, but no inherited wealth. It does make a difference.

Yes, but now you will leave something to your kids, and then they leave more to their kids, etc., as opposed to spending it on a Jaguar or Rolex to impress the neighbors, etc. That is how wealth is built, over generations. Sure, some do it in a single generation -- Jobs, Bezos, Carnegie before them -- but for most it is based on sacrificing for yourself to benefit (and teach) future generations of your family. Then you'll just have to ignore some pitiable fool who calls the result of your multi-generational saving and sacrifice "privilege".

What the heck do you think "privilege" actually is? It's getting something better than other people for reasons other than your own merit/hard work/etc. Are you claiming that kids somehow "earn" or "deserve" or get to pick having richer or poorer parents when they're born? If not, that's the very definition of privilege. Some people start out with less advantages and resources than others through no fault of their own, others start out with more through no merit of their own.

My friend, are you rich? Apparently not. This thread was for secrets of rich people. And I'm telling you one --- think of yourself as part of a family, not as an individual. Wealth built up by a family does not confer a "privilege", but instead an obligation, on those born into it.

Oh, and by the way, the 1970s called, asking how you're enjoying your narcissistic individualism, no hassle divorce and fatherless families.

Give me a break. My parents didn't pay for my education, wedding, home,etc. instead they obliged me to work hard and respect a dollar. I've done well and I think if they raised me to feel entitled to have everything paid for, I'd be a lot poorer now. Wealth doesn't confer an obligation, but it can make offspring dependent on other peoples money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Think of your family -- your children and grandchildren, and the sacrifices your parents and grandparents made to get you where you are. What some would call "privilege" (such a silly term) is most often the result of previous generations of a family thinking about future generations of the family. I spend over $70k per year on private schools for my two children, max out my investments, but drive an old Toyota. I'd prefer to leave more for my children and grandchildren (and to teach them to do the same, as my father taught me) than to impress you with a Jaguar or Rolex.

Well let me see. My parents did make a good life for me but there was/is no wealth to pass on because their parents who worked hard and did their best did not inherit any wealth because their parents were sharecroppers who didn't inherit any wealth because their parents were slaves and their parents were slaves and their parents were slaves....

The whole narrative of this thread is innately classist/racist. Thank you for pointing this out.

In that vein, my great-grandparents were immigrant factory workers, my grandparents made nice middle-class lives (teachers, secretaries), and my parents and their siblings were the first generation to earn advanced degrees. Enough to make a nice income, but no inherited wealth. It does make a difference.

Yes, but now you will leave something to your kids, and then they leave more to their kids, etc., as opposed to spending it on a Jaguar or Rolex to impress the neighbors, etc. That is how wealth is built, over generations. Sure, some do it in a single generation -- Jobs, Bezos, Carnegie before them -- but for most it is based on sacrificing for yourself to benefit (and teach) future generations of your family. Then you'll just have to ignore some pitiable fool who calls the result of your multi-generational saving and sacrifice "privilege".

What the heck do you think "privilege" actually is? It's getting something better than other people for reasons other than your own merit/hard work/etc. Are you claiming that kids somehow "earn" or "deserve" or get to pick having richer or poorer parents when they're born? If not, that's the very definition of privilege. Some people start out with less advantages and resources than others through no fault of their own, others start out with more through no merit of their own.

My friend, are you rich? Apparently not. This thread was for secrets of rich people. And I'm telling you one --- think of yourself as part of a family, not as an individual. Wealth built up by a family does not confer a "privilege", but instead an obligation, on those born into it.

Oh, and by the way, the 1970s called, asking how you're enjoying your narcissistic individualism, no hassle divorce and fatherless families.

??? You're not making any sense. How does any of this change the fact that some people are born into having more resources than others, and that it's only human decency to acknowledge the fact that some people start out with that head start and others don't?

[Anonymous]

PPs, thanks for blowing up this thread.

[Anonymous]

My grandfather was in a poor orphan in a third world country that was enslaved. Two of my uncles died in childhood because of lack of money and the fact that my grandfather was incarcerated for many years because of his political activism. Dad was solidly middle class. We are upper middle class in DCUM land. We would be affluent in any other part of US. The way out of poverty was education. My granddad studied on his own (yes, under a streetlamp because home did not have electricity), and educated his sons and daughters. Our parents saved money and made education a priority. Today, we make education a priority too.

Secrets of rich people is that they invest in the future of their kids and grandkids by educating them. They save money by not spending on immediate short term gratification and invest money on long term skills and investments that will bring greater returns.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Think of your family -- your children and grandchildren, and the sacrifices your parents and grandparents made to get you where you are. What some would call "privilege" (such a silly term) is most often the result of previous generations of a family thinking about future generations of the family. I spend over $70k per year on private schools for my two children, max out my investments, but drive an old Toyota. I'd prefer to leave more for my children and grandchildren (and to teach them to do the same, as my father taught me) than to impress you with a Jaguar or Rolex.

Well let me see. My parents did make a good life for me but there was/is no wealth to pass on because their parents who worked hard and did their best did not inherit any wealth because their parents were sharecroppers who didn't inherit any wealth because their parents were slaves and their parents were slaves and their parents were slaves....

So your great-great grandparents were slaves?

Do you not realize how recent slavery was? A person born into slavery in 1850 could easily have a child born in 1880, a grandchild born in 1910, a great-grandchild born in 1940, and a great-great grandchild born in 1970. There are plenty of people alive today in their 70s and 80s (both black and white) who grew up with grandparents who remember slavery.

(I bet you also think that segregation and the Jim Crow era were long enough ago that of course it doesn't affect anyone's lives anymore, right? Despite the fact that anyone over 60 grew up in that era and most of the rest of us were raised by someone who was?)

AA people need to snap out of this victim mentality. Every immigrant that comes in this country starts off with less than the AAs. It does not matter if they are educated, not educated, immigrants, refugees, people with advance degrees or uneducated, people who can speak the language or not. Every. Single. One will make sure that their kids will end up assimilated and affluent in this nation. They will overcome a lot more TODAY then AA have to overcome TODAY.

Cannot keep living in the past. Take the opportunities that AAs before you have fought for and made available to you and build upon that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Think of your family -- your children and grandchildren, and the sacrifices your parents and grandparents made to get you where you are. What some would call "privilege" (such a silly term) is most often the result of previous generations of a family thinking about future generations of the family. I spend over $70k per year on private schools for my two children, max out my investments, but drive an old Toyota. I'd prefer to leave more for my children and grandchildren (and to teach them to do the same, as my father taught me) than to impress you with a Jaguar or Rolex.

Well let me see. My parents did make a good life for me but there was/is no wealth to pass on because their parents who worked hard and did their best did not inherit any wealth because their parents were sharecroppers who didn't inherit any wealth because their parents were slaves and their parents were slaves and their parents were slaves....

So your great-great grandparents were slaves?

Do you not realize how recent slavery was? A person born into slavery in 1850 could easily have a child born in 1880, a grandchild born in 1910, a great-grandchild born in 1940, and a great-great grandchild born in 1970. There are plenty of people alive today in their 70s and 80s (both black and white) who grew up with grandparents who remember slavery.

(I bet you also think that segregation and the Jim Crow era were long enough ago that of course it doesn't affect anyone's lives anymore, right? Despite the fact that anyone over 60 grew up in that era and most of the rest of us were raised by someone who was?)

AA people need to snap out of this victim mentality. Every immigrant that comes in this country starts off with less than the AAs. It does not matter if they are educated, not educated, immigrants, refugees, people with advance degrees or uneducated, people who can speak the language or not. Every. Single. One will make sure that their kids will end up assimilated and affluent in this nation. They will overcome a lot more TODAY then AA have to overcome TODAY.

Cannot keep living in the past. Take the opportunities that AAs before you have fought for and made available to you and build upon that.

Are you AA PP? If not, shaddap!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Think of your family -- your children and grandchildren, and the sacrifices your parents and grandparents made to get you where you are. What some would call "privilege" (such a silly term) is most often the result of previous generations of a family thinking about future generations of the family. I spend over $70k per year on private schools for my two children, max out my investments, but drive an old Toyota. I'd prefer to leave more for my children and grandchildren (and to teach them to do the same, as my father taught me) than to impress you with a Jaguar or Rolex.

Well let me see. My parents did make a good life for me but there was/is no wealth to pass on because their parents who worked hard and did their best did not inherit any wealth because their parents were sharecroppers who didn't inherit any wealth because their parents were slaves and their parents were slaves and their parents were slaves....

So your great-great grandparents were slaves?

Do you not realize how recent slavery was? A person born into slavery in 1850 could easily have a child born in 1880, a grandchild born in 1910, a great-grandchild born in 1940, and a great-great grandchild born in 1970. There are plenty of people alive today in their 70s and 80s (both black and white) who grew up with grandparents who remember slavery.

(I bet you also think that segregation and the Jim Crow era were long enough ago that of course it doesn't affect anyone's lives anymore, right? Despite the fact that anyone over 60 grew up in that era and most of the rest of us were raised by someone who was?)

AA people need to snap out of this victim mentality. Every immigrant that comes in this country starts off with less than the AAs. It does not matter if they are educated, not educated, immigrants, refugees, people with advance degrees or uneducated, people who can speak the language or not. Every. Single. One will make sure that their kids will end up assimilated and affluent in this nation. They will overcome a lot more TODAY then AA have to overcome TODAY.

Cannot keep living in the past. Take the opportunities that AAs before you have fought for and made available to you and build upon that.

Are you AA PP? If not, shaddap!

Are you a rich or educated AA? People who cannot help themselves and make the most of the opportunities given to them are perpetual victims. Your opinion does not matter. You have made yourself irrelevant.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Think of your family -- your children and grandchildren, and the sacrifices your parents and grandparents made to get you where you are. What some would call "privilege" (such a silly term) is most often the result of previous generations of a family thinking about future generations of the family. I spend over $70k per year on private schools for my two children, max out my investments, but drive an old Toyota. I'd prefer to leave more for my children and grandchildren (and to teach them to do the same, as my father taught me) than to impress you with a Jaguar or Rolex.

Well let me see. My parents did make a good life for me but there was/is no wealth to pass on because their parents who worked hard and did their best did not inherit any wealth because their parents were sharecroppers who didn't inherit any wealth because their parents were slaves and their parents were slaves and their parents were slaves....

So your great-great grandparents were slaves?

Do you not realize how recent slavery was? A person born into slavery in 1850 could easily have a child born in 1880, a grandchild born in 1910, a great-grandchild born in 1940, and a great-great grandchild born in 1970. There are plenty of people alive today in their 70s and 80s (both black and white) who grew up with grandparents who remember slavery.

(I bet you also think that segregation and the Jim Crow era were long enough ago that of course it doesn't affect anyone's lives anymore, right? Despite the fact that anyone over 60 grew up in that era and most of the rest of us were raised by someone who was?)

AA people need to snap out of this victim mentality. Every immigrant that comes in this country starts off with less than the AAs. It does not matter if they are educated, not educated, immigrants, refugees, people with advance degrees or uneducated, people who can speak the language or not. Every. Single. One will make sure that their kids will end up assimilated and affluent in this nation. They will overcome a lot more TODAY then AA have to overcome TODAY.

Cannot keep living in the past. Take the opportunities that AAs before you have fought for and made available to you and build upon that.

This sounds ok as long as you agree that white men also need to stop with the victim mentality. Appreciate the opportunities you have, the advantages that past oppression still buy you and do the best you can. Women aren't going back the kitchen and black people aren't going back to the fields.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Think of your family -- your children and grandchildren, and the sacrifices your parents and grandparents made to get you where you are. What some would call "privilege" (such a silly term) is most often the result of previous generations of a family thinking about future generations of the family. I spend over $70k per year on private schools for my two children, max out my investments, but drive an old Toyota. I'd prefer to leave more for my children and grandchildren (and to teach them to do the same, as my father taught me) than to impress you with a Jaguar or Rolex.

Well let me see. My parents did make a good life for me but there was/is no wealth to pass on because their parents who worked hard and did their best did not inherit any wealth because their parents were sharecroppers who didn't inherit any wealth because their parents were slaves and their parents were slaves and their parents were slaves....

So your great-great grandparents were slaves?

Do you not realize how recent slavery was? A person born into slavery in 1850 could easily have a child born in 1880, a grandchild born in 1910, a great-grandchild born in 1940, and a great-great grandchild born in 1970. There are plenty of people alive today in their 70s and 80s (both black and white) who grew up with grandparents who remember slavery.

(I bet you also think that segregation and the Jim Crow era were long enough ago that of course it doesn't affect anyone's lives anymore, right? Despite the fact that anyone over 60 grew up in that era and most of the rest of us were raised by someone who was?)

AA people need to snap out of this victim mentality. Every immigrant that comes in this country starts off with less than the AAs. It does not matter if they are educated, not educated, immigrants, refugees, people with advance degrees or uneducated, people who can speak the language or not. Every. Single. One will make sure that their kids will end up assimilated and affluent in this nation. They will overcome a lot more TODAY then AA have to overcome TODAY.

Cannot keep living in the past. Take the opportunities that AAs before you have fought for and made available to you and build upon that.

I love when the AA history is whitesplained.