Anonymous
09/11/2024 20:05
Subject: How did your waspy old money ancestors show their thriftiness?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:They manage their own money. Heaven forbid they pay anyone else to do it.
This!
And I’m still like this. My husband wants to pay people for everything - taxes, legal advice, financial advice. So far, the only thing we’ve paid for is legal advice for our estate planning. Everything else I’m doing myself!
Oh, and we buy cars in cash in Nov-Dec when the next year is coming out. Then we drive them for 10+ years. And never buy a status symbol car! My grandparents had Cadillacs, my parents Volvos, my generation Subarus - I’m looking hard at the EVs for next time.
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.
The "family office" is managed by family members who are strong investment bankers.
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.
Haha like Chase Coleman. Seriously you people are clueless.
Anonymous
08/29/2024 11:19
Subject: How did your waspy old money ancestors show their thriftiness?
Anonymous wrote: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).
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
08/29/2024 11:07
Subject: How did your waspy old money ancestors show their thriftiness?
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.
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
08/29/2024 10:06
Subject: How did your waspy old money ancestors show their thriftiness?
Anonymous wrote:Anonymous wrote:To be fair I think a lot of us would be onboard of not buying new things if they were of the same quality as old money.
If clothes used to last a generation, now lose form after first wash.
Maybe that’s true of clothes, but this trend of ripping out perfectly hood kitchens and bathrooms and replacing perfectly good cars has absolutely nothing to do with quality or longevity.
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
08/29/2024 09:28
Subject: How did your waspy old money ancestors show their thriftiness?
Anonymous wrote:Anonymous wrote:I’ll start.
Only used card - Volvos
Layers of clothing needed to be worn because the heat couldn’t come on til November. I think this is how the preppy layers look started.
At home car washes, hair cuts, yard work.
Never use coupons but learn when things go on sale or befriend the store owner to get that info.
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.
Based and history-pilled
Anonymous
08/29/2024 08:07
Subject: How did your waspy old money ancestors show their thriftiness?
Anonymous wrote:I’ll start.
Only used card - Volvos
Layers of clothing needed to be worn because the heat couldn’t come on til November. I think this is how the preppy layers look started.
At home car washes, hair cuts, yard work.
Never use coupons but learn when things go on sale or befriend the store owner to get that info.
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
08/29/2024 07:48
Subject: How did your waspy old money ancestors show their thriftiness?
Anonymous wrote:Weird of OP to start a thread asking about “your WASP ancestors”. Very few people are from WASP lineage nowadays…
Anyhow, a lot of these things people are talking is just about people dealing with poverty. We are much wealthier than our ancestors. We don’t need to live like England during the air raids
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
08/29/2024 07:25
Subject: How did your waspy old money ancestors show their thriftiness?
+1 And WWII rationing. Once plastic came out, we became the throw away economy.Anonymous wrote:Anonymous wrote:You guys are definitely explaining my family and we are wasps. But are these really wasp characteristics?
They sound like anyone who has lived through the Great Depression, honestly.
Anonymous
08/29/2024 07:24
Subject: How did your waspy old money ancestors show their thriftiness?
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).
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
08/29/2024 07:24
Subject: How did your waspy old money ancestors show their thriftiness?
Anonymous wrote:Anonymous wrote:Anonymous wrote:They manage their own money. Heaven forbid they pay anyone else to do it.
This!
And I’m still like this. My husband wants to pay people for everything - taxes, legal advice, financial advice. So far, the only thing we’ve paid for is legal advice for our estate planning. Everything else I’m doing myself!
Oh, and we buy cars in cash in Nov-Dec when the next year is coming out. Then we drive them for 10+ years. And never buy a status symbol car! My grandparents had Cadillacs, my parents Volvos, my generation Subarus - I’m looking hard at the EVs for next time.
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.
True
Anonymous
08/29/2024 07:20
Subject: How did your waspy old money ancestors show their thriftiness?
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.
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
08/28/2024 23:40
Subject: How did your waspy old money ancestors show their thriftiness?
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
07/01/2024 14:36
Subject: How did your waspy old money ancestors show their thriftiness?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:They manage their own money. Heaven forbid they pay anyone else to do it.
This!
And I’m still like this. My husband wants to pay people for everything - taxes, legal advice, financial advice. So far, the only thing we’ve paid for is legal advice for our estate planning. Everything else I’m doing myself!
Oh, and we buy cars in cash in Nov-Dec when the next year is coming out. Then we drive them for 10+ years. And never buy a status symbol car! My grandparents had Cadillacs, my parents Volvos, my generation Subarus - I’m looking hard at the EVs for next time.
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.
The "family office" is managed by family members who are strong investment bankers.
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
07/01/2024 13:37
Subject: How did your waspy old money ancestors show their thriftiness?
Anonymous wrote:Anonymous wrote:Anonymous wrote:They manage their own money. Heaven forbid they pay anyone else to do it.
This!
And I’m still like this. My husband wants to pay people for everything - taxes, legal advice, financial advice. So far, the only thing we’ve paid for is legal advice for our estate planning. Everything else I’m doing myself!
Oh, and we buy cars in cash in Nov-Dec when the next year is coming out. Then we drive them for 10+ years. And never buy a status symbol car! My grandparents had Cadillacs, my parents Volvos, my generation Subarus - I’m looking hard at the EVs for next time.
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.
The "family office" is managed by family members who are strong investment bankers.
Anonymous
07/01/2024 12:37
Subject: How did your waspy old money ancestors show their thriftiness?
Anonymous wrote:Anonymous wrote:They manage their own money. Heaven forbid they pay anyone else to do it.
This!
And I’m still like this. My husband wants to pay people for everything - taxes, legal advice, financial advice. So far, the only thing we’ve paid for is legal advice for our estate planning. Everything else I’m doing myself!
Oh, and we buy cars in cash in Nov-Dec when the next year is coming out. Then we drive them for 10+ years. And never buy a status symbol car! My grandparents had Cadillacs, my parents Volvos, my generation Subarus - I’m looking hard at the EVs for next time.
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.