RICH KIDS

[lovecharm]

What do you think of kids who are born into a loaded family?

The oddest thing I've noticed is that there's almost no in between.

I either run into kids who are the most humble, down to earth individuals in the world and end up having a 5 story beach house...

or like yesterday, I saw some kid driving an Sl550 AMG. I said to him at a stop light "Damn man, that's a nice car", and he's in the car with a girl and just goes "...Yep".

That type of pompousness throws me off. People are people, and they're not as open to compliments as you'd think. Hell, I gave a dude a thumbs up when he passed me in a Ferrari and he just sort of tilted his head at me confused. Dude, you're in a Ferrari.

Just a little rant.

There is a good reason for that.

I can tell from my own experience as well since my family is pretty successful as well.

The reason is THOSE KIDS NEVER HAD TO EARN IT. Their parents just gave them the money and all the other nice things, since they never earned a single cent they act like a jackass. I have seen many of them and I just feel sorry for them because they are like zoo tigers, as those tigers forgot how to hunt since zoo gives them the food every day. Tigers get their name and fame because its a fierce hunter, so if a tiger can't or doesn't know how to hunt then what does it make him/her… Cat..

However, I know kids from rich families, their parents sent them to work, they learned everything from the bottom and made their way up. Those kids are humble, they have seen how it is like at the bottom end so they treat people with respect. They are what I call the real jungle tiger. Some one who knows how to hunt, some one who can start with 0 and can make a million back again. Unlike those spoilt brats, whom if you gave a million they will make it 0.

I still can remember, my first job was as a sales executive in a bank, I had to travel 90 min each way to go to work!! Had to stand up in store all day and had to sell people credit cards! I used to look up to other peoples sports car and used to admire them as well. Now I own one, fly in business class all the times etc. But I had to earn it and had to make my way up. So i can never look down on people, because I was one of them about 10 years ago.

Those brats looks down on people as they never had to work at the bottom and move up like their parents did. So, don't hate them, just feel sorry for them as they are really unfortunate. Think what will happen if the parents stops giving them money!! They won't be able to beg on the street properly either!

 

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[Jamesdoesmith]

my parents laid it out in such a way that I am so grateful they did. because had they done it any differently I wouldn't be on this forum.

I went to a very very affluent HS with kids who lived in castles and drove asthon martins and never knew any different. I was the have not (its not a complaint, I lived a very comfortable childhood) but I received no free things and DAMN sure no free money...me and my little green ranger than I can look back and say that kept me out of tickets. The ranger than because I worked for avis and budget rentals....it shined better than anything else on the HS parking lot. it was spotless... cause I appreciated it.

So with all this wealth around me and my 1 pair of shoes I asked my parents very concerned like...

"mom....dad... are we poor? why does XYZ happen to them and not me"

my mom and dad looked at each other in a way only 28 yrs of marriage can with some chuckles

"son....we are doing great..you on the other hand...you are broke"

to this day I am better off than my peers. By astronomical amounts. But it took process for me to see that. alot of jobs and alot of hustle.

 

[teabag]

I've got one friend who was born into a loaded family. He's never broken a sweat for his money, except the time he dropped $15,000 on baccarat at the casino... and there I was playing with my $10 chips at the Black Jack table. My mate was 19 at the time.

At that point (close to 3 years ago) I realised the value of money, as well as how others do not know its value. That $15,000 I thought to myself could've kicked off my first business venture I thought of. It was a shame, he did lose it.

Kudos to his father who is an extremely hard worker and at age 72 now, and still working. However kids who've been given everything on a silver platter and act like they work so hard and don't stop stressing because they've got bills to pay really pisses me off.

Oh, another common trait with rich kids is the drug use - particularly cocaine. Sydney, Australia is like a coke heaven for rich kids. They snort it thinking their rock stars or celebrities. I've seen the way my mate gets excited when someone mentions it to him, his eyes light up like a kid in a candy store.

Even better, when they abuse drugs, gamble ruthlessly and drink excessively - yet still think they're the classiest F*ckers.

Thank you OP for getting my blood pumping. I am looking forward to tomorrow morning so I can get back to work. It's almost like a big F*ck you I want to give to the spoilt brats once I make it, which I will!

EDIT: sorry for the swearing!

 

[Bouncing Soul]

"mom....dad... are we poor? why does XYZ happen to them and not me"

my mom and dad looked at each other in a way only 28 yrs of marriage can with some chuckles

"son....we are doing great..you on the other hand...you are broke"

Heh, great response.

I've actually met more snobby middle class kids than rich ones, simply due to the law of averages. (In some ways I think the middle class kind is worse for kids, as this lifestyle is usually built on a lie with debt, not earned by someone the rich kid can look to emulate.)

For me it's more about trying to instill a "make and give more than you take" mentality in our son. I know people who don't buy nice cars or houses simply because they don't want their kids to "grow up rich", but some of the healthiest relationships to money I've seen are from rich kids; abundance instead of scarcity mindset.

 

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[Jamesdoesmith]

Heh, great response.

I've actually met more snobby middle class kids than rich ones, simply due to the law of averages. (In some ways I think the middle class kind is worse for kids, as this lifestyle is usually built on a lie with debt, not earned by someone the rich kid can look to emulate.)

For me it's more about trying to instill a "make and give more than you take" mentality in our son. I know people who don't buy nice cars or houses simply because they don't want their kids to "grow up rich", but some of the healthiest relationships to money I've seen are from rich kids; abundance instead of scarcity mindset.

My mom and dad are very very very smart people and have been through alot. they have seen money vanish. and they know how important it is. my dad has lost his job at times when it is not the best time to lose one. I know they have alot of money. but the processes they have been through keep that money in a bank, due to the fear of losing it again. Ya see though, they never coddled me in these manners. They showed me how they paid bills and where all the money went. that whole "staying up late at the kitchen table with a calculator and no answers" type thing. I was exposed to it at a very young age. So they could hit the lotto tomorrow and not buy any lavish thing and use the money as the safety net. We never went hungry. My dad went and worked a hard labor job at 50 to keep food on the table. he would be damned to take any kind of subside or hand out. I am cut from the very same cloth. I would do anything to avoid being dependent on someone else. now that I look at it yes they could live in a bigger house and have a bigger car, but they would rather take that money and head up to taos NM or Colorado and just get a cabin and sip coffee...and talk to each other..and poke a fire...and talk...face to face...

those were the days lol. If I could fine a 10th of what they have I would be set. Time traveler over and out. don't work to hard today man.

 

[MJ DeMarco]

A correlation to this is college.

I had to pay for college in order to go. And because I had to pay for it, you can be for damn sure I went to class and made the best of it. The guys who were drinking, partying, and failing college? Take a guess. Bought and paid for by mommy and daddy. Since they didn't have to earn the dollars, it's much easier to piss it away. If you're a parent and you want your child to value the college experience including the education, make em pay for it.

 

[Bouncing Soul]

A correlation to this is college.

I had to pay for college in order to go. And because I had to pay for it, you can be for damn sure I went to class and made the best of it. The guys who were drinking, partying, and failing college? Take a guess. Bought and paid for by mommy and daddy. Since they didn't have to earn the dollars, it's much easier to piss it away. If you're a parent and you want your child to value the college experience including the education, make em pay for it.

I think this is very tricky.

I agree with your observation. But I also noticed the kids that got the best grades and joined the most groups also tended not to be working their way through. It's like anything in parenting, global rules rarely seem to work.

(Mom and Dad never gave me a cent for college, BTW)

 

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[chrischapman]

I wish I was born into a rich family. Then, I would have money to fund a business(es) and get to butt-kicking.

It's all about attitude. There are not many people born into poverty with a good attitude. Guess what? The same is true with people born into riches.

Most people are idiots, and most rich kids are like poor kids, just cashed up. I think a lot of people here who have a good attitude and wish they had money to make executing their business plans easier on themselves "Oh, if only I had that money! I could turn it into MILLIONS!!!" Probably you're right.

That's what the rich kids with the right attitude are doing.

Here is a piece of news for you:

If you are born in the west and grew up in a relatively normal family earning a decent living, you are damn rich and you don't realise it. My parents' annual income combined probably just penetrated the six figures in Aussie dollars. I thought for a while we were not rich. Hah.

Sure, in Sydney my family is in the lower-middle class, but, the lower-middle class in Sydney is the world's super rich. My family is in the global top 1% of income earners (obviously sounds better than it is).

I have to be grateful for that fact. A lot of people whine about "rich kids" with all the privilege but forget that a western citizenship especially in an English speaking country is one of the biggest damn unearned privileges that exists. I left school last year and within 2 weeks of finishing exams found a job that put me in the top 1-2% of global income earners - that is privilege which most people on this forum have. Take advantage of that tremendous opportunity and forget about all those born rich kids. Be a self made rich kid - it's more fun anyway.

 

[daivey]

this thread still going on fun times

 

[Jamesdoesmith]

I can say as an observer of rich kids that IF you were born into this life, it would be hard and near impossible to see the world differently. Had I been born into it I don't know if I would have lived the way they live. To not need to clock in. Yet still have K's in the bank. It is all about perspective.

 

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[DeletedUser12]

Spending one moment thinking about rich kids does no good. I used to get so frustrated, but it changed nothing in my life. There will always be people who don't have to work as hard as you (or at all) for what they have. The sooner one accepts this and moves on the better.

 

[Tommy92l]

I think that there really is no black and white way to categorize wealthy people or poor people. I've met wealthy snobs and I've met poor snobs and Just because someone owns something nice, doesn't mean it was handed to them.



100% agree with this. A couple of months ago I went to a Lamborghini dealership with my dad just for fun to look at the cars, not because either of us where actually wanting to buy one. The salesperson was telling us about how the week before a guy bought his daughter a 2014 Gallardo as a high school graduation gift- I jokingly nudge my dad and said "dad, why didn't you give me a Gallardo for my graduation gift?" and his response was "Because if I gave you a Lamborghini at 18 years old your life would have no where to go but down, and then you'd commit suicide in 10 years." He was somewhat joking with his response, but it is really true. Kids who are handed everything have such great lives, until reality sets in and they have no where to go but down.

I laughed SO hard at this. Not because suicide is funny, but that is one hell of a response!

Is he right? Is this what happens with most kids like that?

 

[nzerinto]

I wish I was born into a rich family. Then, I would have money to fund a business(es) and get to butt-kicking.

If you were, you'd miss out on one of the most important processes of business building - learning to raise funds or bootstrap your business(es).

 

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[Bouncing Soul]

Spending one moment thinking about rich kids does no good. I used to get so frustrated, but it changed nothing in my life. There will always be people who don't have to work as hard as you (or at all) for what they have. The sooner one accepts this and moves on the better.

From your post, I guess you're probably young, and childless.

Even a true slowlaner should be saving enough money their kids will at some point end up rich even by Western standards. I think about rich kids a lot, not because I envy them, but because I am now a father and want to raise a kid who is ready to be rich.

 

[chrischapman]

If you were, you'd miss out on one of the most important processes of business building - learning to raise funds or bootstrap your business(es).

good point.

 

[Stack$]

I grew up with a couple of people from rich backgrounds and they were all nasty and liked showing off their wealth..

 

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