The Surprising Way People Can Tell if You're Rich

Like with anything in life, the answer is usually a convoluted one because of the vast number of variables.

I guess you are half joking but if anyone has to save money on a car to save more then such person is not rich nor will ever be rich. Rich means to not have to care about the value of a car. Someone considered rich today does not think twice whether a car costs 50k or 150k. But as cars are still considered status symbols by many (beyond my understanding) even some poor schmucks sneak into the prestige car segment to come across as someone they are not otherwise. The other way does not really hold true. Why would someone who earns 300k or more per year drive a beaten down BMW 3 when he can drive a 100k or 150k car and would not have to think twice, price wise. Makes not much sense to me. I mean we talk about fuck you money to anyone considered upper middle class and above when it comes to cars (unless of course we include luxury cars)

Ha! This reminds me of a conversation at the hedge fund I used to work at. We had a new secretary, who was clearly bored one day as she asked everyone on the desk what sort of car they had. She even had a spreadsheet drawn up with columns for Porsche, Lamborghini, Mercedes and so on. Well the young guys didn't have cars as they lived in London and didn't need them. The older guys with families like me all had boring non fancy estate cars (what americans would call station wagons) or SUVs that were several years old. The CEO had the nicest car, but even that was a 10 year BMW 3 series that had never been cleaned.

She said something like "I thought you were rich! Why do you all drive such shitty cars?". I can't remember if anyone said so at the time, but the truth was that one of the reasons why we were rich is because we drove such "shitty" cars.

GAT

(currently two cars, combined age 16 years, combined value probably less than $8K)
 
Last edited:
Not true at all. The lower middle or middle class became upper middle class because they saved like hell. Anyone above would not be able to remain on that economic level being cheapo and not spending vasts amount of money to be respectable in the "club". There is no way you would ever be invited again to the country club and special neighborhood outing if you showed up with dirty shoes and washed out polo. Even in the upper middle class I find certain cheapos repulsive and upsetting, people who constantly try to save a penny. What a waste of time and how exhausting it is to be around such people. Being smart about money is one thing but wrapping remote controls in cling foil and covering leather sofas with towels and blankets is creeping me out.

Yup the rich became rich by saving like hell. It's the poor who spends.
 
Last edited:
I considered myself rich once I could afford to buy Heinz baked beans instead of supermarket own brand. Same for cornflakes. It’s all relative I suppose.
 
Back
Top