| Houses. Rich people sell each other their houses at steep discounts. These do not go on the open market. |
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I remember being so clearly shocked that rich people got free meals at hotels all the time.
When my husband and I were dating, he had a job where he would stay in hotels constantly. We went to Europe on the super cheap. We got to Rome and went to a fancy hotel to use his points, and we ended up upgraded into a room where Tony Blair had stayed a few weeks prior. It had this wild metal fold down security door. It was an awards level floor with an amazing snack spread and cocktails. So we ate at least 2 meals here a day while we were in Rome, and saved money to go to fun spots other places. I thought it was so crazy that rich people got all of this stuff for free! |
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Hitch a free ride on a private planes to take the kids to camp in Maine
https://www.nytimes.com/2011/07/25/nyregion/to-reach-simple-life-at-camp-lining-up-for-private-jets.html?smid=nytcore-ios-share&referringSource=articleShare |
| I have some very wealthy aunts/uncles/cousins. They wanted to buy a private plane, but that was a tad to too expensive, so they went in on the purchase with friends of theirs. So the two families own the plane together, and it was cheaper than each family having to buy their own plane. |
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Some of these are not really things that you get free or discounted. Here is my quick list:
1. Our employers pay for our cell phones. Have unlimited data, etc. and it is free to me. 2. Free parking at work (only for senior level people/admins have to pay) 3. DH has deferred comp plan to save on taxes 4. Have enough credit card points (because have big income to spend) so get many hotel rooms and flights for free 5. Free banking 6. Can always get discount for prepaying or paying quickly |
Who pays to bank nowadays? |
| Access to information that someone who isn’t licensed in a particular profession is normally allowed to see. |
Back then you didn't need to be rich to enjoy free stays at hotels and free food and free flights. You just had to have a job with a lot of travel where you rake in the points and miles and get highest status at major hotel chains. I did this a lot before having kids, free vacations at chain resorts, hotel lounge access, miles and points, and highest status at hotels and airlines (which also gives you free upgrades). But this has nothing to do with being rich. |
Don't need to be wealthy for this at all, just travel on someone's dime for work. I used to do this for over a decade before kids |
Poor people don't tend to have friends and relatives with vacation homes |
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Nothing is free if you look into it. Rich people get comps because they SPEND a lot of money and somehow benefit those who give them comps, .e.g. they sort of pay for it. Travel perks maybe is the only thing if you get your job pay for it, but you also put in the "work" spending a lot more time at the airports and living out of a suitcase than many usually desire.
Poor people who are lucky to be friends/family with generous rich people are those who get stuff for free.
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How so? If they inherit this? Sure, tell us something new.
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| Is deferred compensation such a great deal? Don't you miss out on what you could make investing the money plus you would be just another creditor of your employer went bankrupt. |
Their vacations consist of staying at someone else’s home, perhaps a relative. Not necessarily in a “vacation” spot. |
| Social capital |