What Does It Take to Feel Wealthy?

[Ash1972]

Trillionaire? We talkin' Italian Lira (the pre 2000 but soon to reappear currency of Italy) here?

 

[oldtime]

Quote from Ash1972:

Absolutely. Private jet travel is the only important thing that the rich can do that the upper middle classes cannot. Everything else is just a flashier version of what the upper middle can attain, e.g. house, car, holidays etc.

What I hate about commercial air travel is the way it has descended over the last 20 years from a somewhat 'glamorous' experience to something that needs to be endured. Low cost airlines have been at the forefront of herding people rather than respecting them, but the major carriers have followed suit in no time.

BTW I don't think you need as much as $80m to partake in private jet travel. Definitely worth looking into fractional ownership schemes.

no kidding, I was watching a 1970's movie, and there was a scene in the airport, man, it use to be classy back then, if you were flying, they treated you real special, and you felt special. And the stewardess was always better than average good looking.

 

[SamGold]

Quote from SamGold:

One trillion $ in gold, one trillion $ in silver, one trillion $ in euro, one trillion $ in sterling, one trillion $ in yen, and 1 trillion $ in cash. An oil field and a refinery in each continent, and food and water stored safely for 1,000 years for a family of 233. And then the toys, of course. And the guns and nukes and army to protect it all.

 

[ElCubano]

Quote from Mayhem:

That would make this Indian bottom-caste untouchable one of the happiest guys alive:

If he's a good Hindu, he doesn't question his role as a human sewer cleaner, does his job with good cheer, and hopes he gets to move up a caste in his next life.

look at that smirk....

 

[oldtime]

Quote from ElCubano:

look at that smirk....

yeah, but you gotta admit, we use to feel wealthy back in the tech bubble when there was a new IPO everyday and you felt you'd done a good days work if you just got in.

 

[AKUMATOTENSHI]

Quote from Traveler:

More important to feel wealthy than to actually fit some arbitrary definition of it. I feel broke at my asset level, but I know plenty of people who have a lot less money than me and are happy as a clam.

Don't be fooled by the outward expression of happiness I would say that people who statsified by so little are just complacenct. Once a person has been exposed to a certain lifestyle and income level they will never forget. Where I went to school there were some very wealthy people who could do anything on a whim. They had the money to do it. My neighbor whom I grew next to was a billionare and anything he wanted could be had. My uncle who lives in Weschester county New York has the freedom of being able to travel any where and buy a whole lot. Part of being wealthy means getting want you want when you want. The other part is knowing that you have enough liquidable capital to not worry about money for the rest of your life.

 

[jl1575]

Quote from AKUMATOTENSHI:

My neighbor whom I grew next to was a billionare and anything he wanted could be had.

Anything? What about health? You don't imagine Steve Jobs would give up half or all his fortune away for just to live another 20 years or so like most other common people.

 

[oldtime]

Quote from jl1575:

Anything? What about health? You don't imagine Steve Jobs would give up half or all his fortune away for just to live another 20 years or so like most other common people.

well, that's kind of iffy. It depends on whether you believe in life after death or not.

 

[callmate]

Quote from AKUMATOTENSHI:

My neighbor whom I grew next to was a billionare and anything he wanted could be had.

How come your neighbour was billionaire and yet he lived next door to you!

 

[AKUMATOTENSHI]

Quote from callmate:

How come your neighbour was billionaire and yet he lived next door to you!

Because the location suited his needs. He was the owner of a large waste disposal corperation and was smart enough to turn it into a conglomerate. The location of the realstate was choice. My family had lived there for several years and then the wealthy people started to move in. It had to do with residential waterfront property near a river.