Old Money? Are they smart or just lucky dumb people?

[Anonymous]

Ok let's say you take a new money person and an old money person. Which one can create wealth from scratch?

What is the deal with old money scared to spend money? Are they too dumb to create it from scratch? Inheritance, is that their only skill?

Tell me about your old money lifestyles.

[Anonymous]

Most old money people I know are very smart. The lifestyle is so very different than new money. Even the language is different. Everything is in code. One word means something else. They are pretty much deathly afraid that you will push you preconceptions onto them and so they tend to be pretty reserved. At least the ones I know.

[Anonymous]

goddammit. here we go. did someone make fun of your mcmansion, op? did you get rejected from the country club?

[Anonymous]

If I had to give money to one to invest, I would go with new money.

[Anonymous]

Anonymous wrote:Most old money people I know are very smart. The lifestyle is so very different than new money. Even the language is different. Everything is in code. One word means something else. They are pretty much deathly afraid that you will push you preconceptions onto them and so they tend to be pretty reserved. At least the ones I know.

Sounds stressful to lie about who you are

[Anonymous]

Anonymous wrote:Most old money people I know are very smart. The lifestyle is so very different than new money. Even the language is different. Everything is in code. One word means something else. They are pretty much deathly afraid that you will push you preconceptions onto them and so they tend to be pretty reserved. At least the ones I know.

Please provide some examples of this code of which you speak. I know lots of old money types and as far as I know, they talk like I do. But maybe I just don't understand what they are really saying

[Anonymous]

Anonymous wrote:

Anonymous wrote:Most old money people I know are very smart. The lifestyle is so very different than new money. Even the language is different. Everything is in code. One word means something else. They are pretty much deathly afraid that you will push you preconceptions onto them and so they tend to be pretty reserved. At least the ones I know.

Sounds stressful to lie about who you are

I think it's more along the lines of Bless her heart. If your not from the south or in the know, it sounds like a lovely sentiment. But if you are in the know, then you understand what is really being said.

[Anonymous]

I think there's something to be said for each approach. "New money" means the person probably has entrepreneurial skills and a higher-than-average tolerance for risk. These are good for making money. they may also be able to weather the lean periods in a startup company if they grew up without much.

"Old money" may mean that the person is good at saving, good at thinking about long-term assets and cash flows, and is probably not as into conspicuous consumption. These are valuable traits. I think there are also careers/industries that benefit from having an employee who isn't worried about income - like nonprofits.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Most old money people I know are very smart. The lifestyle is so very different than new money. Even the language is different. Everything is in code. One word means something else. They are pretty much deathly afraid that you will push you preconceptions onto them and so they tend to be pretty reserved. At least the ones I know.

Sounds stressful to lie about who you are

I think it's more along the lines of Bless her heart. If your not from the south or in the know, it sounds like a lovely sentiment. But if you are in the know, then you understand what is really being said.

I am neither southern nor in the know, but I know I am really being called a bitch when someone says this. Can you please give real examples?

[Anonymous]

Old money doesn't care what you think about their lifestyle.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Most old money people I know are very smart. The lifestyle is so very different than new money. Even the language is different. Everything is in code. One word means something else. They are pretty much deathly afraid that you will push you preconceptions onto them and so they tend to be pretty reserved. At least the ones I know.

Please provide some examples of this code of which you speak. I know lots of old money types and as far as I know, they talk like I do. But maybe I just don't understand what they are really saying

Sometimes they are so extremely nice and mannerly that you get the impression that you are better friends than you really are. Sorry mid is blank on code words at this moment.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Most old money people I know are very smart. The lifestyle is so very different than new money. Even the language is different. Everything is in code. One word means something else. They are pretty much deathly afraid that you will push you preconceptions onto them and so they tend to be pretty reserved. At least the ones I know.

Please provide some examples of this code of which you speak. I know lots of old money types and as far as I know, they talk like I do. But maybe I just don't understand what they are really saying

Sometimes they are so extremely nice and mannerly that you get the impression that you are better friends than you really are. Sorry mid is blank on code words at this moment.

Interesting. I thought they were all reserved (per your above)? Fwiw, none of the old money I know would be considered extremely nice.

[Anonymous]

Anonymous wrote:Old money doesn't care what you think about their lifestyle.

+1000

[Anonymous]

Spend money? What's there to buy that they haven't bought already? I'm sure they buy what they want to buy and don't buy the stuff they don't want.No wonder it seems to many that they don't spend.
What if for them it's about being not buying(once again, they are done buying).

[Anonymous]

Old money gets one or two smart ones in the bunch every generation that keep the others from ruining it all.

Btw... Their house really smells like bad perfume and even if you lean in to do the fake kiss and miss them by a mile, you smell like bad perfume all day.

I love their wrinkly faces though and the lipstick that's all cracked.