Does Every Multimillionaire / Billionaire Lose Touch With Reality?

[JAJT]

Reality is a fun term, because everyone seems to have their own!

Seriously though - a lot of the social anger going on today is the result of everyone judging everyone else by their own standard for reality and demanding that the world see theirs as the "one true" version.

A billionaire does not live the life of a homeless person.
A software engineer making $120k per year is not living the same life as a waiter making $40k per year.
Someone in Ohio is not living the same life as someone in California.
A drug addict is not living the same life as a teetotaler.
A teacher is not living the same life as the politician who dictates education reform.
Democrats don't live republican lives.

We try to see other people's struggles but their reality isn't our reality.

Personally I interact with a wide variety of people. Some rich, some poor, some capitalist, some socialist, some teachers, some students, some atheists and some theists, some drug users and some health nuts. My social circles make about as much sense as a child scribbling on paper.

If it's one thing I've learned from all of this it's that almost none of these people will respect or understand the perspective of the rest. Trying to force them to 'open their eyes' is just an effort in futility and frustration.

I enjoy a good debate between these different people but the lack of understanding and acceptance between them is palpable. The greater the difference on some fundamental axis of life, the greater the misunderstanding.

And of course i'm no different. I have my own thoughts, ideas, feelings and realities. I'm cold on subjects people are hot to and hot to subjects people are cold to. That's life. We each have our own. The best we can do is try to live a good one by our own standards.

 

[Vigilante]

This is something that has been bothering me for quite a while.

I must admit. I found inspiration to write it after reading this post from MJ on Elon Musk’s recent ‘behaviour’.

Link here:

What's going on with Elon Musk? Eccentric or going mad?

But this was just a trigger.

Do you know Arnold Schwarzenegger?

Or Warren Buffet?

Or Bill Gates?

Or George Soros?

Of course you don't (or you do).

Either way they are multimillionaires / billionaires.

What I have noticed is, they have allowed themselves to release brain farts in volumes, that made me think they had lost touch with reality (at least temporarily, great excuse, I lost it, did something horribly wrong, but only for a second, so I am excused...).

"Reputation is like china, once broken it's never well-mended" - Abraham Lincoln

One of my greatest idols, and the ‘biggest’ bodybuilder of all time. Arnold Schwarzenegger. One of the greatest figures of business, sports, entertainment etc… He ripped one like this:

"“if you work hard

and you play by the rules

this country is truly

open to you.

You can achieve anything."

but did he get to where he is

playing by the rules? Or would

he have ever even been famous

had he not taken

those drugs?”

That’s from a movie “Bigger, Stronger, Faster” (recommended watching). The transcript here:

Bigger Stronger Faster Script - transcript from the screenplay and/or the steroids movie

Another one let out by Arnold when I saw his FB profile and he was writing something about clean energy… The guy who got Hummer adapted to civilian application, who has driven ‘tanks’ and flying jets solo………….. While I admire all who want to better our world. I don’t like people advocating one thing (ban steroid, suppress ‘unclean’ energy consumption) and using the opposite to achieve their goals.


This one was from another thread I cannot find now. Mark Zuckerberg promoting open society:

View: https://www.youtube.com/watch?v=QM8l623AouM


Zuckerberg Wants An Open Society; Just Not Within His Own Company

While building physical walls in his real life:

Mark Zuckerberg is building a wall, and Hawaiians aren't happy about it

The last, but not least.

Warren Buffet, Bill Gates and the likes advocating some ridiculous policies, while benefiting from the complete opposite state.

Doug Casey’s Two Days with the Real and Wannabe Elite - International Man

To summarise.

Do you want to know my answer?

Because I am not omnipotent, I will reach out to mathematics, not to consume more of your time and space here.

Statistically speaking, the number of assh*les and assh*lness in every population should be in balance, according to normal distribution.

But the impact/influence/misery you can ‘apply’ to the world when having 5$ and BN5$ is completely different, isn’t it?

What is your opinion?

Lets just say it was true.

Why would it bother you?

 

[Coalission]

What is your opinion?

About this? I don't have one.

 

[Deleted50669]

The deviants are always the most obvious case studies. For every deviant millionaire there are many more relatively-sane millionaires no one knows about.

 

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[biophase]

It’s all your perception. Let’s pretend that I hate blue m&ms. So i pay someone to open up my m&ms and take out all the blue ones and reseal the package.

Does that sound crazy to you?

Well to me, it takes time that i value to do that and i have an assistant who i can tell to do that because i pay him a salary. Maybe it costs me $20 every 2 weeks and i have $50m. So why do i care?

But you make $30k a year so it seems ridiculous.

Its the same as having a landscaper or a house cleaner. It just sounds crazy due to your perspective.

 

[Kak]

What exactly is reality? Elon Musk's reality is his own.

I think he's in touch with his own reality.

 

[PureA]

Perspectives.

Just as having £0 in your bank account gives you a unique perspective, so does having £XX,XXX,XXX,XXX.

Meanwhile everyone is human so will unavoidably adopt typical human flaws, hypocrisy, for example...

 

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[garyfritz]

Reality is a fun term, because everyone seems to have their own!

That is more true than you may realize...

Seriously though - a lot of the social anger going on today is the result of everyone judging everyone else by their own standard for reality and demanding that the world see theirs as the "one true" version.
If it's one thing I've learned from all of this it's that almost none of these people will respect or understand the perspective of the rest. Trying to force them to 'open their eyes' is just an effort in futility and frustration.

I read a fascinating book a few years ago. The author wrote it from a liberal/progressive viewpoint, but I think the science he quoted is valid. He referenced studies that found self-described liberals and conservatives have different brain structures and respond to stimuli significantly differently. Probably they developed their personal political ideologies as a result of their differing views of reality.

It made me despair that our polarized political environment could probably never come to a workable compromise, since we really don't exist in the same world. We have divergent values and beliefs of what is important and how it should be managed.

The same dynamic doubtless plays out in most interactions between people. Don't assume you can convince someone just by "explaining" your position. They may not agree with your axioms, your stated and unstated underlying assumptions about the situation. If you don't agree on first principles, it's hard to agree on anything derived from those principles.

 

[rogue synthetic]

What is most surprising to me is that there are people who are surprised to learn that human beings are often fallible, contradictory, unreliable, two-faced, self-deceived, self-absorbed, and in general do not behave as the rules of formal logic would predict.

What would ever give you (anyone) the idea that things were different or that money has any power to change it?

 

[SquatchMan]

Statistically speaking, the number of assh*les and assh*lness in every population should be in balance, according to normal distribution.

But the impact/influence/misery you can ‘apply’ to the world when having 5$ and BN5$ is completely different, isn’t it?

What is your opinion?

I don't really care since I don't (try to) follow celebrities. Arnold has an electric H1 though. I had to Google that one.

As a note, these people aren't popular in a vacuum. They're popular because their opinion resonates with people.

If Arnold went around telling normal people the truth:

"You're all lazy piece of shits that watch too much TV and eat too much junk. You'll never become Mr. Universe or do anything great. Those of you that aren't lazy... well you most likely don't have the right body genetics for bodybuilding. Those of you with the top .01% genetics AND good work ethic. You're still going to have work your a$$ off for years with little to no reward, take steroids, and you still might not make it. Sucks for you."

Yeah... I don't think he'd be too popular.

It's easier to just tell people what they want to hear:

"Work hard kid. Eat your broccoli, do curls (in the squat rack), and one day you too can become Mr. Universe."

The takeaway.

People don't want to hear the truth. They just want to have someone reaffirm their own opinions.

 

[jon.M]

Dude, there were no such rules in bodybuilding back then. Arnie couldn't break rules that didn't exist, could he? At Mr. Olympia there barely are any today, even.

 

[GoGetter24]

They don't.

The thing with being F*cking rich is that:

• You don't have to pretend to give a shit what other people think anymore
• You have a lot more liberty to do whatever you damn well please
• Many rules no longer apply to you

Got envy, OP? You green? You poor as hell, right? Feel better about this thread, instead of just working to get rich yourself?

Statistically speaking, the number of assh*les and assh*lness in every population should be in balance, according to normal distribution.

Zero chance, absolutely zero chance, you're going to succeed. Nobody who talks like that, nobody who thinks this language is impressive, is moving out of his parent's basement in the next 5 years.

But the impact/influence/misery you can ‘apply’ to the world when having 5$ and BN5$ is completely different, isn’t it?

Well done, genius.

What is your opinion?

You should focus on something that matters. Really matters. Like: it can pay rent.

 

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[Everyman]

This is something that has been bothering me for quite a while.

I must admit. I found inspiration to write it after reading this post from MJ on Elon Musk’s recent ‘behaviour’.

Link here:

What's going on with Elon Musk? Eccentric or going mad?

But this was just a trigger.

Do you know Arnold Schwarzenegger?

Or Warren Buffet?

Or Bill Gates?

Or George Soros?

Of course you don't (or you do).

Either way they are multimillionaires / billionaires.

What I have noticed is, they have allowed themselves to release brain farts in volumes, that made me think they had lost touch with reality (at least temporarily, great excuse, I lost it, did something horribly wrong, but only for a second, so I am excused...).

"Reputation is like china, once broken it's never well-mended" - Abraham Lincoln

One of my greatest idols, and the ‘biggest’ bodybuilder of all time. Arnold Schwarzenegger. One of the greatest figures of business, sports, entertainment etc… He ripped one like this:

"“if you work hard

and you play by the rules

this country is truly

open to you.

You can achieve anything."

but did he get to where he is

playing by the rules? Or would

he have ever even been famous

had he not taken

those drugs?”

That’s from a movie “Bigger, Stronger, Faster” (recommended watching). The transcript here:

Bigger Stronger Faster Script - transcript from the screenplay and/or the steroids movie

Another one let out by Arnold when I saw his FB profile and he was writing something about clean energy… The guy who got Hummer adapted to civilian application, who has driven ‘tanks’ and flying jets solo………….. While I admire all who want to better our world. I don’t like people advocating one thing (ban steroid, suppress ‘unclean’ energy consumption) and using the opposite to achieve their goals.


This one was from another thread I cannot find now. Mark Zuckerberg promoting open society:

View: https://www.youtube.com/watch?v=QM8l623AouM


Zuckerberg Wants An Open Society; Just Not Within His Own Company

While building physical walls in his real life:

Mark Zuckerberg is building a wall, and Hawaiians aren't happy about it

The last, but not least.

Warren Buffet, Bill Gates and the likes advocating some ridiculous policies, while benefiting from the complete opposite state.

Doug Casey’s Two Days with the Real and Wannabe Elite - International Man

To summarise.

Do you want to know my answer?

Because I am not omnipotent, I will reach out to mathematics, not to consume more of your time and space here.

Statistically speaking, the number of assh*les and assh*lness in every population should be in balance, according to normal distribution.

But the impact/influence/misery you can ‘apply’ to the world when having 5$ and BN5$ is completely different, isn’t it?

What is your opinion?

 

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[Deleted58904]

@above: I agree with you: there's survivor bias at play. If you know basic statistics, it's usually not feasible to run accurate statistical tests for nearly any studies. Here's why:
1. You have to get a random sample of everyone the study would affect. Even if you just take a small group of people, usually that group is easy to find which is a convenience sample.
2. You have to make sure everyone responds to the study in the study; usually that's not true. Also people could lie in the study.
So typically a study will be biased towards an outcome.

 

[Scot]

teetotaler.

A what? Can you translate that from Canadian to 'Merrican.

 

[WJK]

The USA has many millionaires who are leading normal, unsung lives. They are quieting taking care of their businesses and communities. Most of the time, you would never know that these people are sitting on large nest eggs. It's their secret.

 

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[Everyman]

Dude, there were no such rules in bodybuilding back then. Arnie couldn't break rules that didn't exist, could he? At Mr. Olympia there barely are any today, even.

True. Yet he slips something about banning steroids or being against…. Or his governor office. He basically said "I took one but you loser cannot do it anymore". I was naive. I know.

Lets just say it was true.

Why would it bother you?

I felt disappointed they could even say/do something like this. They influence millions. If not billions.

On the other hand, when I read your question, I shouldn’t be bothered because I can choose what to believe in. I should also stop thinking about it. But 10 years ago I believed what Buffet preached, not what he did personally. And it did affect my life negatively. I now put it under ‘life learning curve’ and have small regrets (hopefully none in a couple of weeks).

Thank you for this short but important question.

@DVU
See above. Thanks for commenting.

@JAJT

This is some good read. Rep transferred. Thank you for this.

The deviants are always the most obvious case studies. For every deviant millionaire there are many more relatively-sane millionaires no one knows about.

The USA has many millionaires who are leading normal, unsung lives. They are quieting taking care of their businesses and communities. Most of the time, you would never know that these people are sitting on large nest eggs. It's their secret.

Yes exactly. I think these make headlines but most of them are silent heroes.

Which reminds me of this picture I saw today.

@garyfritz

Thanks. Rep transferred.

I would also recommend “Sapiens”. @Longinus told me to read it and it’s one of the best books to get perspective about life.

They don't.

The thing with being f*cking rich is that:

• You don't have to pretend to give a sh*t what other people think anymore

My idea was that if you are on certain level, it means you care even more about other people. I wrote I was naive.

Got envy, OP? You green? You poor as hell, right? Feel better about this thread, instead of just working to get rich yourself?

I don't know where it's getting from... Well, I know. From your keyboard, from under your fingers, from your head... Are these the only feelings, impressions and ideas you have about people?

About this? I don't have one.

Eleanor Roosevelt brain farts are also interesting. Did she invent a spaceship? Lead a group of scientists in the Manhattan Project? Who was she, because I don’t know her achievements except releasing brain farts like these.

Let’s stop discussing people and do what we love, don’t look at people in your business equation because people cannot be discussed. Because someone dead supposedly said so.

Oooo and ask MJ to remove this subgroup from the forum because the dead lady told you to.

What would ever give you (anyone) the idea that things were different or that money has any power to change it?

It seems it gives you choice to better yourself. And it seems it's not mandatory in some cases. Like Doug Casey wrote. When you achieve greatness in one field, it doesn't mean you know anything else. Except for this small part of reality.

 

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[LittleWolfie]

It’s all your perception.
Its the same as having a landscaper or a house cleaner. It just sounds crazy due to your perspective.

The average Westerner on 30k a year, is going tohave alifestyle that sounds crazy and out of touch to the average resident of subsharane Africa.

You pay a whole $1.48 to have somebody grow your food for you?

About half the world lives on $2.50 a day, 80% of the population of the planet lives on less than $10 a day. If you earn $50 a day, your out of touch with the rest of the world. You just dpont realise, it because they can't afford to get online and tell you.

At $300,000 as US median net worth, a billionaire is worth 3322x the average perosn

If you earn more than $32,400 a year or have a net worth of 770,000 (Include equity in your home, value of your car, computers etc) then your in the top 1% and out of touch too.

Are You in the Top One Percent of the World?

 

[minivanman]

This whole thread is crazy. This is reality for the high profile millionaire, not most millionaires. I don't know any billionaires but I hung out with atleast 9 millionaires at the DIRT TRACK last Saturday night (several more were there). Yep, just normal every day people. Racing ain't cheap anymore. My ex-girlfriend's parents back in 1995 was worth almost $2 million. He worked for the electric company and she worked in the school cafeteria. It was slow lane but they were millionaires. Lived in a house worth about $120,000 (in 1995). Most millionaires, you would never know are millionaires. Back 5+ years ago this guy I was hanging with on Saturday night was telling me his wrecker service was profiting him about $20k a week (no idea what he brings in nowadays). Guess where he lives? In a trailer house with junk all around it. I understand that making $20k a week doesn't mean you are worth that, but he has been in business a few decades so he has a boat load of cash. I bet you come in contact with a millionaire more often than you think, you just might not know it. And they all have the same family problems as everyone else. Now listen to this weird part..... we eat the same foods as everyone else and shop at the same stores. The government doesn't make special food just for us and we don't have special stores. And nowadays the very poor have the same service as the ultra rich have had for decades...... they can order things and never have to leave the house! So while there may be a wider gap, it all comes together on the other side......

It all boils down to, most of us are just humans no matter the amount you are worth, look at the news.....

 

[DVU]

Why does that bother you?

There are around 15 million millionaires in the US and you are basing your "opinion" on a couple of people that completed changed the industry/the world?

 

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[Everyman]

2.

The Forum - This Forum

I have been worried before posting anything here, because the forum = the people here are so 'successful', fastlaners. Supposedly on top of all things. And I thought my life and my ideas are redundant (flows from the point no 1).

People here aren't perfect. I needed a support group and the problem is that if I post something here, it will always attract people that want to build their ego up on my expense.


My lesson from this is - it's just a forum, people, no matter how successful, still people (that e.g. go to toilet and make a smelly poo ).

It's not the best place to be honest. Everyone can come and pollute your thread. Unfortunately. If you are in a fragile state, as I have been, look for a real support group, but don't leave this forum.

Come back when you are ok with yourself and don't mind people that are harming themselves, even if they are wealthy, they are limiting themselves by leaving a 'tough love' comment and think they have it all figured out.

I think this is the reason why people are lurking so much and so long. While it's important to take the fastlane university as soon as possible and participate, not lurk. Lurking is not participating. It's a good start but.... I know we are low on confidence. Why would we be stuck in a soul-crushing 9-5 if we had the confidence of Arnold? We have come here to build our confidence in being happy and successful (whatever successful means to you).

Has lurking decreased recently? or the rate remains stable? Maybe it should land on a 'to-do' list of the admins? Just a thought... What is the success rate of this forum and how it's measured? Does this forum encourages successful behaviours or only talk about them?

I encourage anyone to stop lurking and start commenting - everyone has something meaningful to say. You might not have a successful business or billions in your account (I consider myself a billionaire - I don't have them in my account, but my body is my greatest asset worth billions = I am a billionaire).

But you have life experience which is more worth that anything else (watch The Count of Monte Cristo).

Have you enjoyed this read? Let me know if you have.

PS. Start participating by commenting on a thread that you feel the most comfortable.

 

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[AFMKelvin]

Steroids were legal when Arnold was young.

But yes all those people you've mentioned live in a bubble. They won't feel the effects of the policies they want. Some of them may even know that the rules don't apply to them.

 

[csalvato]

How did you assess that I am not wealthy and haven't fulfilled my life goals?

Well, have you?

 

[Almantas]

Depends what you define as a REALITY.

If you talk about a 'commonsense reality' - I've already lost the touch with it and I am not even a millionaire yet.

 

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[JasonEP]

Reality is a fun term, because everyone seems to have their own!

Seriously though - a lot of the social anger going on today is the result of everyone judging everyone else by their own standard for reality and demanding that the world see theirs as the "one true" version....

This post was the perfect way to describe it. I grew up in a family that was flat broke. Like no money, the only time my parents argued when I was growing up was over money, and it sure wasn't because they had too much of it. So throughout all of my life I viewed problems through the lens of what can be caused by a lack of money.

I then was put in a different situation in my early 20s where I was surrounded by 1%-ers. I was originally looking at all of their problems through the lens of having no money. I couldn't comprehend why they did or did not do certain things. Eventually I was able to realize and understand how and why they looked at problems a certain way. I saw that "rich" people had plenty of problems just like "poor" people, they were just different problems.

If people haven't been able to view problems from another group's or " class' " point of view, they will never understand their reasoning for believing certain things. Its something you have to experience for yourself. You can't apply your logic and reasoning to another class' point of view.

All of the world's problems could be solved if people could look at issues from other peoples' perspective without any bias. I feel that being able to remove your own bias when looking at a situation is a skill/ability that needs to be actively worked on and unfortunately is a skill that most people don't even know exists. If they don't know it exists, they can't improve it.

EDIT: I posted this after reading JAJT's post, without reading the rest of the thread. I think the conversation in this thread does a great job of proving my point.

 

[luniac]

Slowlaners are out of touch with reality.

401k? compound interest? Social Security? lol...

 

[Everyman]

Depends what you define as a REALITY.

If you talk about a 'commonsense reality' - I've already lost the touch with it and I am not even a millionaire yet.

Good stuff. Exactly. I am a dinosaur because of my views.

I then was put in a different situation in my early 20s where I was surrounded by 1%-ers. I was originally looking at all of their problems through the lens of having no money. I couldn't comprehend why they did or did not do certain things. Eventually I was able to realize and understand how and why they looked at problems a certain way. I saw that "rich" people had plenty of problems just like "poor" people, they were just different problems.

Same here... Your post here is excellent. Thank you @JasonEP

Slowlaners are out of touch with reality.

401k? compound interest? Social Security? lol...

Again this is perfect @luniac .

Having loads of money doesn't make you right. It makes you more powerful to force your version of reality on others, even if it's horribly wrong (Tesla's ev cars). Some will do this (I think the minority though). The problem for me is that we all bear the implications of e.g. Musk and his 'friends'' ideas. It costs to build these unviable projects, and it costs population (I won't expand on this here). I could mention other projects too... But let us stop and think about it - why do we need the Pyramids?...........

That's why it's so important to Unscript yourself from what is going on around.

 

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[WJK]

Ok. After having some thought on it... What did not add up for me was the things a lot of 'high profile millionaires' were saying they were doing, or 'marketing' by their behaviour, that was in clear contradiction to how they became wealthy... I even found it in one book "Spin selling". The author wrote clearly that people say what they think they do or did, but the reality might be completely different.



Made up. I haven't studied IQ levels much but I am assuming that same number of idiots are among 'rich' as 'poor' people... Just a guess because it's not that relevant...



I always bring one example. One of the wealthiest people I know. Looks almost like a homeless person (though is clean). Doesn't have time or pay attention to it. He has been expanding his businesses all his life. But also neglected his family because of this...



But we can buy better food or buy a plot of land and grow our own. Or hire people to do that.



Can you expand on it a bit more?

Ok. After having some thought on it... What did not add up for me was the things a lot of 'high profile millionaires' were saying they were doing, or 'marketing' by their behaviour, that was in clear contradiction to how they became wealthy... I even found it in one book "Spin selling". The author wrote clearly that people say what they think they do or did, but the reality might be completely different.



Made up. I haven't studied IQ levels much but I am assuming that same number of idiots are among 'rich' as 'poor' people... Just a guess because it's not that relevant...



I always bring one example. One of the wealthiest people I know. Looks almost like a homeless person (though is clean). Doesn't have time or pay attention to it. He has been expanding his businesses all his life. But also neglected his family because of this...



But we can buy better food or buy a plot of land and grow our own. Or hire people to do that.



Can you expand on it a bit more?

It's a matter of priorities. You talked about the guy who "Looks almost like a homeless person". Who is he going to impress at this point in his life? When I was working in my career I wore power dresses and business suits. I ran with the big boys in Los Angeles. At that time, how I dressed was important. Now I wear overalls every day -- but, I've retired to the woods in Alaska. The last time I wore a dress was at the little brother's funeral -- and that was 16 years ago.
I'm trying to tell you that different things are important now. I fit right into my world and that is enough. My husband, my bankers, my business partners, and my tenants all treat me with respect. It's that way with about everything in my life. My life is very simple now. I don't need a lot of stuff around me to make me happy. As I grow older, less is really "more" for me. It's the freedom from having to care for, insure, and share my space with all that meaningless stuff.

 

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[missNB]

Statistically speaking, the number of assh*les and assh*lness in every population should be in balance, according to normal distribution.

I'm pretty sure the number of assh*les (does the "o" really make a difference here? Sorry, I digress) in the population is equal to the population size. I guess it all just depends on your point of view...

The deviants are always the most obvious case studies. For every deviant millionaire there are many more relatively-sane millionaires no one knows about.

What a boring truth. More cash to the deviants! Ironically, the majority gets to define "sane", meaning anything they don't understand or agree with. Who pushes progress?

The thing with being f*cking rich is that:

• You don't have to pretend to give a sh*t what other people think anymore
• You have a lot more liberty to do whatever you damn well please
• Many rules no longer apply to you

Sidenote; you don't need to be rich for all that. "chicken or egg"?

 

[ChrisR]

Good old Arnold went awol from the Austrian government before he came to the states. If an American actor/personally did that in their past they'd be labeled a pussy and a coward.

With that being said, I used to really like him until he started to open his mouth about politics.