By - Upbeat_Surprise
Panic and anxiety about the mounting bills that need to be paid
Piles of unpaid bills,
Sounds like an American problem LOL
The knowledge of how to cut a cucumber, apparently.
Please elaborate, I am very confused here :D
There is a video of Kendall Jenner saying she can make her own snack without their personal chef and then she begins to cut a cucumber in the most awkward way possible
Ohhhh, I see, somehow I am really happy I have no knowledge about this :D
I do wonder if that was fake.
Everything about that family is fake.
I love a good dismemberment video...
Its highly likely she does know how to cut it but pretended not to for the cameras
Wasn't that on a TV show though? TV shows aren't real life.
Next thing you'll tell me is Jessica Simpson really doesn't know what chicken of the Sea meant lol.
...so wait, is it fish or is it chicken? Did she ever find out?
I was just making fun of the Kartrashians.
It was on the kartrashians the other day
Upvote for the giggle Kartrashians invoked
Why thanks, I find it very descriptive
It really is. That whole family just ugh...
hate myself to know the reference
Makes me want to see her doing other chores ...
Generally? DIY-knowledge. If you can't afford to get someone to fix something, you're going to have to do it yourself or make do without.
In the US, a lot of high income people ($100K, $1M+) are very good at DIY, and do DIY on a regular basis. If you expand this to include the industrial arts, there's a lot of rich metal / woodworkers. These aren't cheap hobbies after all.
In some places, there is cultural bias against DIY and the manual hobbies. But that doesn't seem to be the case in the US.
Not being afraid of being poor.
I had to listen to a surgeon I work with complain that he'll have to sell one of his three homes because of the economy.
I know what it's like to be Ramen noodle poor, so I'm not overly worried about doing again.
Damn, I don't remember the details but there was some anicnet roman gourmand, who lived so lavishly that when he realized he wasted so much money that he now wasn't *unfathomably* rich anymore, he just straight up poisoned himself so he wouldn't have to live like a *common* rich person.
It sounds like you’re in the US where it’s different but in a lot of countries a surgeon can’t really get rich just being a surgeon.
In countries with a high cost of living you need that fear of not being poor to be able to quit your job and start your own business/make high risk high gain investments get rich or a management level job in investment banking. Either or.
I'm in the US. Surgeons at my hospital probably make around 1 -2 million a year. The Surgeon I'm speaking of would rather stop paying his son's tuition for medical school then give up one of his homes. He always looking for sympathy from the OR staff.
Pretty much all the Surgeons I work with have the same attitude as him with the exception of a few.
Yeah, here the average surgeons salary is around $140k USD but average house price is very slightly higher nationally (obviously regional variations would be significant).
So a house cost one year of wages for a surgeon? That still sounds like he could get rich to me tbh
No, sorry, I meant slightly higher than US prices (around 550k).
But that’s an average, if you’re a surgeon you’d need to live in a city or a very large town for work. In Sydney/Melbourne you’d bee looking at 3 times the national average for a really ordinary house (that’s the 1.5 million mark), in other cities it would be like maybe 20% more for a really ordinary house.
Realistically you would struggle to buy a family home and support a family alone on that salary these days but people get around that by living at home until they’re ready to buy, delaying having children until they’re much older (which works well with their career anyway) and marrying within their profession (obviously a lot of surgeons earn more and a lot earn less).
So you could be looking at 10 times your gross salary. If you’re paying rent, have a car etc it could take you a very long time to buy a house unless you were willing to live in something really awful.
Middle class people are scared of becoming poor.
The wealthy are oblivious.
Exactly. If you are born really poor or really wealthy, you're kind of done. However hard you try, you can't escape your fate of staying poor/rich for ever and ever. But the middle class, that's different. You have to work your ass off to stay middle class and pass that social status on to your offspring
Untreated medical conditions
Grocery math. I’m not gonna lie after a turn of fortune I started to look at price tags less and less and I feel kinda guilty about it. When I was a student I used to count every nickel, and they added up.
Agree with this. I’m not quite at Lucille Bluth level (“it’s a banana Michael, what could it cost, $10?”), but I don’t have a good sense of how much stuff costs
Worries. Worries get considerable less with better income. Until you are so rich that you have to start worrying about lots of things again.
The sad thing about nice people who get rich is that they are likely to try and help and give back to friends and family. And very often they get taken advantage of, or people become ungrateful "You gave Billy 10k, but Jane only got 5k, you guys suck"
In my opinion the best thing you can do if you get rich is drive an average car and have average furniture, clothes and not tell anyone that knows you. Giving money to good charities is the best way to give back. You can be more sure that they will use it wisely.
You could just give money to those who don't compare what they get to what others get. I know both types of people, those who show their greed, and those who are just grateful for what they get and don't complain. Or even those, who don't complain and try to pass on what they received for free, whenever they feel someone else needs it more.
I would agree though with your take on not showing your money too much. Makes it much harder to distinguish real friends from gold diggers, I would assume.
Everyone worries tho. Just about different things
But as I said: Considerably less. About ten years ago, I went through very different levels of income very quickly (basically, quick decline to minimum social security levels, and a year later to more income than any time before). And the things I had to worry about when I had no money were much harder to deal with. Even with health, which can (and eventually will) be an issue regardless of whether you are rich or poor, is much less of a problem when you are in a financially secure position.
absolutely incorrect. the worries triple.
Sense of how far a dollar will go.
Plenty of people who are rich but came from nothing know exactly how far money will go.
This is a generalization, do you really think the majority of rich / wealthy just pulled themselves up by their boot straps recently? Because it's a whole different financial climate than even a few years ago. So yeah I would say the majority of rich people if they had to give an off the cuff answer for how little they could survive on would be sorely mistaken.
I said plenty of rich people. I never said a majority. And yes lots of people who grew up poor and become wealthy will always be frugal because of how they grew up.
Plenty implies a pretty good amount. I would say the majority if you asked them how much it cost to live in theirncurrent city (where housing prices have skyrocketed most likely, and inflation has reared its head) unless they have become rich in the last year are not going to have the same sense of how far a dollar goes. They havnt recently been doing mental math to know if they can eat and afford rent on pay, their sense of it is outdated. Sure there might be a tiny bit of the percentage that said hey, I'm making millions now, I'm going to keep living like I make peanuts, but I would really doubt it.
I work in an industry where I deal with some extremely wealthy people. In my experience some of the wealthiest are the most thrifty and frugal. The word plenty is a little ambiguous and can be interpreted in many ways but does not necessarily mean the majority. There are plenty of Ebenezer scrooge, saving a dollar is earning a dollar, type misers.
I think the numbers were in the 70-80% range last I checked. And 20% of billionaires in the US grew up poor.
I really doubt Elon could figure out how to live on $10/hr when his family has had millions since his birth. Yeah he can manage billions better than I can, but I gurantee I can stretch $100 out longer than he can.
i thinknthisnis quite the opposite. poor people have alot of unnecessary wast in their budget. rich people often view money as a tool and use it with precision. not always in either case but iften enough
I don't think so. They might be able to effectively wield a lot of money, but a lack of money is a different game. I grew up poor and am now a comfortable middle class. I don't really have to think about my grocery bill and pick and choose. That's even more so for someone rich / wealthy. Out of curiosity what waste do you think a poor person has in their budget that would drastically change things?
i grew up poor too. had hand outs from the church, my mom made my cloths ect. im pretty middle class now. alot of "poor" people, and what you think of as poor is subjective, spend alot of money on unnecessary things, sometimes designer cloths, cigarettes, alcohol and drugs, vacations ect. they call it "self care". certainly not all of them, it wasnt my family, which is one of the reasons im no longer poor.
I also know a few "rich" people and some blow money on junk but alot dont. they eat at home instead of eating out, dont drive corvettes but small family cars ect. they can afford to goto Tahiti on vacation but instead goto Pennsylvania, they use their money on investnents amd buisness oppertunties and growing their wealth as opposed frivolous things. again thats not all, but from what i see poor people who stay poor dont knkw the value of money, neither do rich people whomwaste money and often become poor. but rich people who stay rich use money as a tool amd know exactly what its worth
So let's setup a scenario. With no outside research allowed we take poor person and a rich person from the same city we give them each one bi weekly paycheck of the federal poverty level which is around 495 dollars to. We take out whatever rent / utilities are required. Then we put them in a super market that has no visible prices. Who do you think is going to have the sense of the current financial climate and come back with a cart that would be close to what they had to spend and would last them to the next paycheck.
Your definition of poor eating out and small family cars is already not really poor...
What's up with people on reddit who have never interacted with rich people thinking that they know everything about rich people?
I know that being actually poor you have a fucking next level fear of where your next meal is coming from. You know damn near to the cent how much you have and what you can get. A rich person is not going hungry to stretch a dollar, so I don't really care how many rich people you know because it doesnt matter.
That still doesn't explain why you think that you have such an in-depth understanding of rich people.
If a rich person told you that they understood poor people then you would say they couldn't possibly so, why do you think it works in the other direction?
Because the rich person isn't going around starving...hes not daily practicing self harm and knows the unhealthy ass ways to stretch a dollar.
I find it so bizarre that you think rich people couldn't possibly understand money, commerce, economics, global issues.
i think in this scenereo, if youbgave the average rich person and the average poor person this ammount of money, the rich person would be more likely to survive and possibly even save.
i said peoples perception of whats rich and poor is subjective. i spent 20 years working indirectly but closely with the homeless and people in shelters, i talked regularly with many. alot made extreemly poor decisions with whatever money they got. booze, drugs, cigarettes then would steal breakfast from the local 7-11. there were a handful that counted nickles like their life depended on it, but that was rather unusual.
i also know more then a few people in the top 5% of income earners, and one or two who are the top 1%. many of them still look for bargains, shop at walmart, but generic items where they exist and even use coupons. I find theyre MORE likely to do this. the groups who blow money like drunken sailors arent isually the wealthy its the middle class and upper middle class who have a taste of money and often dont come from it to understand it. they like showing off and the endorphins and keeping up with the joneses. this has been my experience
I know 5 people and then generalize without having a clue what i am talking about
It doesn’t take a genius to buy the own brand beans, bag of frozen peas and potatoes and just accept that that is dinner for the next week.
Wrong thread. You're looking for Amber heard....
so thats why she gave johnny that giant knife
Sometimes shit cuts deep
The respect for the value of money
you mean -existential-
Super rich people have lot of debt cuse why use your own money to buy stuff. They get very low interest rates, some times the interest rates they get are lower than inflation.
Yep, proper debt management is a good way to leverage yourself into a profitable position. It's called financial arbitrage.
yeah, well, happy cake day!
Rich people have tons of debt. It's collateralized by their investments which make far more than the interest costs.
Lack of money 😜
The ability to make food last, even if it's expired
Think the rich still have larger wardrobes
Consequences for their actions.
Empty bank accounts?
Connections. Not surface-level network, but genuine connection with the people around them.
Love for others.
Rich people are not capable of love, very well known fact
The ability to.enjoy the simple.things in life. Contrary to popular belief, having lots of money does not equal happiness
well yes, but it really depends how you define the poor. Because being realy poor sucks, and you have so many problems - how to feed yourslef and your kids, how to keep your family warm, how to avoid executors etc. - that you cant even enjoy those simple things in life.But if you have just enough to have those basics, and preferably little extra for some ocassional treat, then yes, you are right, you can be (and its often a case) happier then the rich one.
Empathy for the suffering of others.
This! When I'm from, most farmers are considered poor. But for the most part, they have a ton of free time. Because the only time the do a lot of work is during planting season, and in harvest season.
Anytime in between that, they mostly do nothing. Sometimes they would check on their crops, pesticide spray and do some irrigation work. Irrigation work is seldom being done during the wait period.
All the farmers I know use that "free time" on side gigs.
The farmers I know doesn't.
Well... some get involved in gambling (cock fights), so I guess that's one way to earn/lose money which ever way you prefer to think about it.
A grasp of reality?
In a sense, the struggles of addiction
Over draft protection
Improve skills about why something obviously destroyed can be reused despite it not being even remotely saveable.
How to be a bush mechanic and getting the vehicle home
more irs audits
The ability to be poor
Tough financial decisions to make
Untreated medical problems.
a funny smell..
200 million of them don’t have food
The will to somehow do work 24/7 even if that means sacrificing their bones.
Credit card debt
Time, unless you've got a 4-hour work week hack or some equivalent (I don't know many people functioning in society/working who have any time to themselves these days, it's a scam). You can only watch so many TV shows/soap operas and visit so many shops
more privacy if they are not very active on social networks
once you are more rich than idk, 90% of people around you , you cant stop the rumors flow....
once you are one of the top 10000 richest people in your country, you must be pretty humble and not working in public to be unnoticed
the society just does not care much about poor people.....so less attention they get....
Honestly with someone these, coming from a poor lifestyle, happiness. My family didn’t always need money to be happy. We came up with cool games and stuff to make us happy.
Basic a/o common sense knowledge.
You'd be surprised at how little born-and-raised rich people know about basic things like how to turn on a stove, how to make coffee in a coffee maker, how to do laundry, how to fill their car with gas, where do emergency stairs go to, how to open a push-pull door, among many other things that us poor folk know by default.
I FEEL like it’s genuine friends. I know that’s probably not true, but for all the rich people I’ve met, their friends seem so vacuous and petty.
Government issued ID's apparently...
A clear conscience
In most cases the knowledge to work hard
Shorter average lifespans
feelings and caring for other people
A sense of moral superiority derived from nothing more than having less? Maybe that's just because this is reddit.
Poor people have the same saints and sinners as the rich.
A grasp on reality
Knowledge about bunch of things rich people just won't to do 'cause there are poor people doing it for them. Like a car repair or cooking.
Empathy and compassion it seems
Real world experience.
Unexpectedly great generosity.
Emotional connections with people you trust.
Chain link fences
Doesn’t apply to everyone, but, I think poor people have an understanding that if the first 99 sports cars didn’t fill the void for you, then buying the hundredth won’t, either
A lack of money
The knowledge of stretching $20 two weeks until the next pay date.
An empty wallet
Poor people have nothing
Rich people want nothing
And yes this is a old joke
Strong family bond. I was poor, still am kind of, with very wealthy friends.
bugs in your house
Bugs in your house
This feels like a riddle. Is the answer 'Nothing'? like the poor have nothing but the rich have everything which is the opposite of nothing.
A lower quality of life.