Comments on: Growing Up with Rich Kids Made Me Feel Rich, Too http://thebillfold.com/2012/08/growing-up-with-rich-kids-made-me-feel-rich-too/ Everything About Money You Were Too Polite To Ask Thu, 20 Jun 2013 03:50:34 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: smartastic http://thebillfold.com/2012/08/growing-up-with-rich-kids-made-me-feel-rich-too/#comment-49025 smartastic Mon, 06 May 2013 19:22:49 +0000 http://thebillfold.com/?p=10093#comment-49025 @j-i-a I don't know about narrowed options, but I would say (from personal experience) that having unlimited options can fuck you up. I grew up with a privileged enough background that my parents' financial support allowed me to explore many career options after college. At the time this felt not so much like being spoiled as being given the ability to take my time finding the right path for me. But ultimately by my early 30s I realized that the way you find the right career path is by working and pushing against the contraints of a given field until you find a door out of it to something parallel but better for you (rinse and repeat). My friends with many more financial contraints have ended up in much more interesting and tailored to them positions than I did in the same amount of time. @j-i-a I don’t know about narrowed options, but I would say (from personal experience) that having unlimited options can fuck you up. I grew up with a privileged enough background that my parents’ financial support allowed me to explore many career options after college. At the time this felt not so much like being spoiled as being given the ability to take my time finding the right path for me. But ultimately by my early 30s I realized that the way you find the right career path is by working and pushing against the contraints of a given field until you find a door out of it to something parallel but better for you (rinse and repeat). My friends with many more financial contraints have ended up in much more interesting and tailored to them positions than I did in the same amount of time.

]]> By: orejitasmiamor http://thebillfold.com/2012/08/growing-up-with-rich-kids-made-me-feel-rich-too/#comment-48580 orejitasmiamor Sat, 04 May 2013 16:00:55 +0000 http://thebillfold.com/?p=10093#comment-48580 Atlanta is ridiculously stratified. In terms of wealth distribution it is probably like any other city, but structurally it is very divided.Where I live, there are lots of doctors and lawyers and BMWs and people who are probably actually middle class. If you drive 15 minutes away, there are a lot of Latino immigrants and Vietnamese immigrants and the area is economically depressed. Drive another 20 minutes and you are in the swankiest suburbs with tennis courts and waterfalls and ridiculous golf courses. If you are in one of these bubbles, it is hard to interact with the others. Unlike other cities in the US, there is not a lot of mingling among the classes here. Also, I think I work with some kids that go to the school the author went to and they are almost all mini-frat bros/sorority gals and if you ask them where they are considering going to school they rattle off a list of Ivy League schools. And the school costs more than my out of state public university tuition cost. Atlanta is ridiculously stratified. In terms of wealth distribution it is probably like any other city, but structurally it is very divided.Where I live, there are lots of doctors and lawyers and BMWs and people who are probably actually middle class. If you drive 15 minutes away, there are a lot of Latino immigrants and Vietnamese immigrants and the area is economically depressed. Drive another 20 minutes and you are in the swankiest suburbs with tennis courts and waterfalls and ridiculous golf courses. If you are in one of these bubbles, it is hard to interact with the others. Unlike other cities in the US, there is not a lot of mingling among the classes here.

Also, I think I work with some kids that go to the school the author went to and they are almost all mini-frat bros/sorority gals and if you ask them where they are considering going to school they rattle off a list of Ivy League schools. And the school costs more than my out of state public university tuition cost.

]]> By: TheSwaguar Glen Çoco@facebook http://thebillfold.com/2012/08/growing-up-with-rich-kids-made-me-feel-rich-too/#comment-39543 TheSwaguar Glen Çoco@facebook Fri, 15 Mar 2013 20:18:17 +0000 http://thebillfold.com/?p=10093#comment-39543 This article really hit home, except i went to public school until the 8th grade through 11th then said screw that rich kids are way more stupid than my public school friends. This article really hit home, except i went to public school until the 8th grade through 11th then said screw that rich kids are way more stupid than my public school friends.

]]> By: dee http://thebillfold.com/2012/08/growing-up-with-rich-kids-made-me-feel-rich-too/#comment-27146 dee Sun, 09 Dec 2012 04:02:38 +0000 http://thebillfold.com/?p=10093#comment-27146 rich is rich poor is poor we have 4 kid they have no christmas this year. danielle.ozbay@homail.com rich is rich poor is poor we have 4 kid they have no christmas this year. danielle.ozbay@homail.com

]]> By: Carissa Wodehouse@twitter http://thebillfold.com/2012/08/growing-up-with-rich-kids-made-me-feel-rich-too/#comment-16159 Carissa Wodehouse@twitter Thu, 06 Sep 2012 09:29:46 +0000 http://thebillfold.com/?p=10093#comment-16159 This gets groans in the liberal arts/Portland/hippie/yuppie circles I run in, but having a housekeeper as an adult changed my life. In Mexico, it was the norm, it's kind of socially expected for you to employ someone if you can. And it freed up an incredible amount of my time, both in actually doing the chores but also just in thinking about them (which is easily twice as much and leads to not doing better things). Now as I watch my totally educated, employed, awesome girlfriends complain about their husbands/live in boyfriends/children's messes taking up a lot of their time, I just can't believe time away from their work to scrub bathrooms is considered ok because having a housekeeper is haughty. I now have no guilt in a housekeeper, and if the money I can earn is equal to or more than I'll pay for their time spent, done deal. But for other people it's a symbol of much more and that prevents them from considering it. A lot of 'wealthy' things are that way. Reducing taxes is one where I'd like a panel of wealthy people to just tell me how they do it. And then Offshore Banking 101 or whatever. This gets groans in the liberal arts/Portland/hippie/yuppie circles I run in, but having a housekeeper as an adult changed my life. In Mexico, it was the norm, it’s kind of socially expected for you to employ someone if you can. And it freed up an incredible amount of my time, both in actually doing the chores but also just in thinking about them (which is easily twice as much and leads to not doing better things). Now as I watch my totally educated, employed, awesome girlfriends complain about their husbands/live in boyfriends/children’s messes taking up a lot of their time, I just can’t believe time away from their work to scrub bathrooms is considered ok because having a housekeeper is haughty. I now have no guilt in a housekeeper, and if the money I can earn is equal to or more than I’ll pay for their time spent, done deal. But for other people it’s a symbol of much more and that prevents them from considering it. A lot of ‘wealthy’ things are that way. Reducing taxes is one where I’d like a panel of wealthy people to just tell me how they do it. And then Offshore Banking 101 or whatever.

]]> By: branza http://thebillfold.com/2012/08/growing-up-with-rich-kids-made-me-feel-rich-too/#comment-15829 branza Mon, 03 Sep 2012 15:04:49 +0000 http://thebillfold.com/?p=10093#comment-15829 @EmmaG conclusion: let's all move to France! @EmmaG conclusion: let’s all move to France!

]]> By: P.J. Morse@twitter http://thebillfold.com/2012/08/growing-up-with-rich-kids-made-me-feel-rich-too/#comment-13325 P.J. Morse@twitter Fri, 10 Aug 2012 17:46:15 +0000 http://thebillfold.com/?p=10093#comment-13325 @Amanda T I had the same question as @TARDISTime regarding how the families you knew are doing now. After a little work in the financial sector, I saw the gap between lifestyle and money in the bank. Some people are indeed as rich as they look while others are swimming in debt because they feel the need to be at a certain place by a certain age (bad idea since they should be saving for retirement, but I digress). It is impossible to guess a person's wealth based on appearance. Oh, and I totally concur. Most processed food tastes foul, except Velveeta. If I claw my way into the upper crust, I will still melt Velveeta in my sandwiches. @Amanda T I had the same question as @TARDISTime regarding how the families you knew are doing now. After a little work in the financial sector, I saw the gap between lifestyle and money in the bank. Some people are indeed as rich as they look while others are swimming in debt because they feel the need to be at a certain place by a certain age (bad idea since they should be saving for retirement, but I digress). It is impossible to guess a person’s wealth based on appearance.

Oh, and I totally concur. Most processed food tastes foul, except Velveeta. If I claw my way into the upper crust, I will still melt Velveeta in my sandwiches.

]]> By: Chris Dart@facebook http://thebillfold.com/2012/08/growing-up-with-rich-kids-made-me-feel-rich-too/#comment-13105 Chris Dart@facebook Thu, 09 Aug 2012 16:50:53 +0000 http://thebillfold.com/?p=10093#comment-13105 Conversely, I grew up in a fairly middle class family in an otherwise working class-to-poor neighbourhood and was seriously, weirdly embarrassed by my parents "wealth" (owning their small bungalow, occasional car trip vacations, being consistently employed, having a home computer.) When I got older, I met actual rich people and my fucking mind exploded. WHAT DO YOU DO WITH ALL THAT MONEY? WHY ARE YOU NOT ASHAMED OF YOUR CONSPICUOUS LIFESTYLE? Conversely, I grew up in a fairly middle class family in an otherwise working class-to-poor neighbourhood and was seriously, weirdly embarrassed by my parents “wealth” (owning their small bungalow, occasional car trip vacations, being consistently employed, having a home computer.)

When I got older, I met actual rich people and my fucking mind exploded. WHAT DO YOU DO WITH ALL THAT MONEY? WHY ARE YOU NOT ASHAMED OF YOUR CONSPICUOUS LIFESTYLE?

]]> By: josefinastrummer http://thebillfold.com/2012/08/growing-up-with-rich-kids-made-me-feel-rich-too/#comment-13070 josefinastrummer Thu, 09 Aug 2012 15:00:55 +0000 http://thebillfold.com/?p=10093#comment-13070 @cmcm I agree that I think the more money you have, the more limited you can be. Most of the people I know who are my age and have any kind of money have been working at the same job since college and they are BORED. But they are so entrenched in the mindset that money is everything, they refuse to make any kind of change. @cmcm I agree that I think the more money you have, the more limited you can be. Most of the people I know who are my age and have any kind of money have been working at the same job since college and they are BORED. But they are so entrenched in the mindset that money is everything, they refuse to make any kind of change.

]]> By: cmcm http://thebillfold.com/2012/08/growing-up-with-rich-kids-made-me-feel-rich-too/#comment-13047 cmcm Thu, 09 Aug 2012 12:56:51 +0000 http://thebillfold.com/?p=10093#comment-13047 @Amanda T Actually you're right. As much as I don't mind working hard, it is phenomenally frustrating that all I want to do is do my damn PhD and if I don't get funding it will never be possible. My poor parents are like WE JUST WISH WE COULD GIVE YOU THE TUITION MONEY. @Amanda T Actually you’re right. As much as I don’t mind working hard, it is phenomenally frustrating that all I want to do is do my damn PhD and if I don’t get funding it will never be possible. My poor parents are like WE JUST WISH WE COULD GIVE YOU THE TUITION MONEY.

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