The rich generally do act rich.
The existence of instagrammers who rent $5 million apartments for a half hour photoshoot hardly refutes this.
The existence of instagrammers who rent $5 million apartments for a half hour photoshoot hardly refutes this.
I’m sorry to put it so bluntly, but the “understating wealth” pattern of behavior is quite real and common.
Whether the way they act is congruent with the way the average person thinks they act is the question. From knowing a few "never going to have to worry about money in this or the next couple generations" families, they mostly fly private but go to great lengths to not post or boast about that.
I think he thought I was referring to ostentatious displays of status like top hats and monocles.
Most rich though are not as obvious about it. Warren buffet isn't the only one living in a modest house, you just don't know the rest.
Most rich are not at the level of the above either. Several million in various investment is enough for a comfortable modest life, but acting like money isn't a problem will soon spend it all.
Anyways, I have a family friend who is a doctor. He lives in a quiet neighborhood in a $400k house. It’s unassuming. He does drive a Panamera but he actually loves it and drives it because he loves it.
If you saw them in public you’d think they were just a regular middle class couple.
Last time I saw their /bank accounts/ (I do their IT work), not other assets like stocks or whatever, they had over $15million in cash.
It’s pretty wild. They probably have more money than most of the assholes living in the Country Club in McMansions here. And no debt.