How did your waspy old money ancestors show their thriftiness?
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Anonymous
This thread is comical. A true, wealthy WASP family doesn't manage their own money...or perhaps they have a family office where they hire their own money managers, but those people aren't cheap. These folks are managing multiple asset classes, some illiquid, some not, many held in various trusts some domiciled outside the US with their own tax filings and implications. |
Anonymous
The "family office" is managed by family members who are strong investment bankers. |
Anonymous
Not usually…as old money family members don’t become investment bankers…however, investment bankers don’t manage money but you may have some if you are buying private companies. |
Anonymous
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No. White Southerners don’t count as WASP. They tend to be Southern Baptist Protestants and tend to be of Scots-Irish stock. The true WASPS are from the Northeast, historically You don’t know what you’re talking about. My family as well as every family I grew up with in the south are mainline Protestants with roots from both the mayflower and jamestowne. Believe it or not, not every family branch stayed in New England for 400 years … |
Anonymous
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Parents drove an older F-150 king cab, with vinyl seats (easy to clean), but it had A/C, CD player, and the usual things. Their other car was a Subaru.
No point driving an unreliable car. And no need for a European or other “fancy” car, because no need or desire to impress anyone. Self-assured might be a good word. |
Anonymous
True |
Anonymous
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Buy good quality classic clothes, then wear them into the ground. Limited wardrobe. If something looks good and wears well, then consider stocking up, because quality always goes down with time and price goes up.
Avoid all trends and “style”. Khaki chinos with OCBD shirts were the usual casual wear for all - except sometimes women choose khaki skirts instead (but never short skimpy skirts). |
Anonymous
+1 And WWII rationing. Once plastic came out, we became the throw away economy. |
Anonymous
Yeah, a lot of these are learned behaviors from an older generation that didn’t have money or from a time when the family lost money. Lots of money both made and lost in the late 19th/early 20th century. |
Anonymous
Thrifty is a generous word. They pillaged a nation and people and claimed it their own. They so didn’t want to do their own work that they kidnapped and enslaved millions of African’s, shipped them across the ocean for months and made them build the country for hundreds of years. There’s more but this is the essence of their “thriftiness,” in the U.S. |
Anonymous
Based and history-pilled |
Anonymous
True. In an article about people not buying as many Teslas because they dislike Elon Musk, a Tesla driver said he bought the cars to be sustainable. He then went on to say he’d bought THREE cars in ten years and that he was shopping for another new car and it would not be a Tesla. How about buying ONE car in ten years instead? These type of folks think buying more is fine and “sustainable” if they buy numerous “green” products. |
Anonymous
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I think people understand old WASP. The never had real money in today's terms. They were thrifty because they had to be.
They are all gone now. None are left. A newer generation is there. But old WASPs died int he inflation of the 1970s and early 80s. The blow up in the 80s, 90s, and until today is all new money. Still white but way more Catholic and no affiliation. |
Anonymous
Yes. And venerable but well maintained boat shoes. Polish your shoes! Use saddle soap! Resolve them! Reheel them! DH still has wingtip from the 80s. |
Anonymous
Haha like Chase Coleman. Seriously you people are clueless. |