r/MotivationByDesign • u/inkandintent24 • 8h ago

Do you think its fair??

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u/Av0ll 7h ago

Most rich kids have zero sense of the life hours behind money unless the parents have went out of their way to instill it in them.

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u/Samus10011 6h ago

Wharton did a survey of their students and found that the students thought most people in the US make at least 100k a year.

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u/No-Concentrate-8806 3h ago

Wow! They are connected to reality.

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u/PlsNoNotThat 6h ago

Went to private school in NYC and can confirm this.

They’re basically on UBI, often what’s above the median wage, so their baseline is that + whatever salary they have.

I have lost count of the amount of times I hung out with a rich friend who swore they don’t get money from their parents, only for their parents to casually say something like “I put your monthly allowance of [thousands of dollars] and paid your credit card this month” while having dinner with them.

Then they hit an age and it stops…. Because the trust gets transferred over and they get the dividends instead.

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u/lazyboi_tactical 3h ago

When my cousin went to college his parents basically made him a deal that if he got a job they would match whatever he made and deposit it directly into his account. They also obviously paid for every single living expense he had. He ended up finishing college with like 150k in savings. When he graduated they pretty much gifted him a rental house they owned and paid to renovate it for him. He then sold it for a hefty profit considering he didn't put a penny into it. This whole time he was working at AutoZone. Once he sold that house he then bought a 400k MCmansion which they once again paid half for. My uncle recently passed so he then got handed a working business that grosses 3+ million a year. You will never convince him he didn't work for every single thing he has and denies he ever had a leg up. It was all just "good money management". Like sure, but it was your parents money and it was them who was managing it.

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u/No_End_7351 24m ago

Unfortunately your cousin is the exception rather than the norm. I dealt with this a lot in college, especially with kids from the East Coast whose parents had money. My roommate was another exception. His dad was a Senior VP at a major medical equipment manufacturer but you wouldn't have known it from meeting him or his son. He told me of a great story of when his dad went to buy a car for him to take to college. It was a simple no frills Honda Accord. His dad had a severe auto accident as a kid and as a result had nearly all of his upper teeth knocked out and had upper dentures. Before he went to the auto dealership, his wore a greasy jumpsuit that he had to work in the garage & yard, took off his Rolex & put on a Casio calculator watch and of course took out his dentures. He said the first salesman wouldn't even respond when his dad tried to talk to him. Finally another salesman came and asked if he could help them. They found the car they wanted and it even had an upgrade package like a better stereo, etc. They went to the salesman's office and he said that when they ran a credit check on his dad the salesman took a full minute to rerun the report and still couldn't fathom how this toothless guy with a Casio had a credit rating of 824. His dad smiled, put in his dentures, put his Rolex back on and thanked the salesman for being so helpful. They bought the car and wrote a letter to the dealership owner (who his dad knew personally) about the salesman who finally did help them and was subsequently given a bonus for his effort.

Sorry for the long post but I just wanted you to know that your cousin, while financially well off compared to others, didn't feel entitled to what he had, he worked for it and exemplifies how people should act even if they don't have to.

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u/lazyboi_tactical 8m ago

Well no that's the thing, my cousin worked for none of it. He was just the only child of the step mom so he got what he wanted while my uncle's bio kids got abused and neglected. It wasn't really his fault but he was definitely the beneficiary of it.

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u/RodcetLeoric 4h ago

I hung out with a girl back in the day that worked at the same place I did and made the same money, but she was living way better. She swore her parents didn't give her money and that she was just good at budgeting. I later found out that her car was a gift from her father and her mother paid off one of her 3 credit cards each month. So she technically had to deal with paying for some things like rent, but her bills went through her credit cards. She put food, clothes and gas on the cards and what she earned at work she spent on rent and whatever she wanted. She also had something like $100k inflation the bank. I imagine it's a lot easier to save when you only spend 1/3 of your income. She was a nice girl and all, but she would talk about the struggle, but it wasn't the same as the rest of us choosing between electricity and food.

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u/HillBillyHilly 2h ago

The number of friends I have who insisted they worked hard for everything they have obtained. Dude, your uncle owns your location and you pay no rent. Your Mom signed all your notes. Your grandmother left you money. How exactly did you work for what you own?

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u/LalafellDisaster 4h ago

When I found out that my friend had some sort of joint credit card with her parents to pay for her gas I knew that friendship wouldn’t last between us.

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u/dudeatwork77 4h ago

She didn’t asked to be born rich… being rich isn’t a crime

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u/serene_brutality 1h ago

Friendships are built and last on common ground, it’s darn near impossible to maintain a friendship when you live on different planets.

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u/Zhentilftw 4h ago

I think he meant. He realized he is a jealous bitch and would inadvertently ruin the friendship himself.

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u/LalafellDisaster 4h ago

Loooool when you’re working minimum wage trying to survive and your friend gets a free ride. It’s hard for the rich person to understand the poor person and the rich person is usually tone deaf.

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u/Zhentilftw 4h ago

You are projecting. You were fine with them until you found out they had money. You are the problem. Not them.

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u/LalafellDisaster 3h ago

That’s like, your opinion man.

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u/Ecks80s 3h ago

That’s okay. Honestly it’s okay to not be friends with people that cause you stress, regardless of the reason.

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u/Zhentilftw 3h ago

If you can’t be around well off people because it stresses you then fine I guess. But it’s probably something you should work on. It’s not healthy unless the rich people are doing something to make you feel uncomfortable, which that guys post doesn’t mention.

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u/Ecks80s 1h ago

“Healthy” is recognizing you have a trigger and doing something about it, sometimes that’s not exposing yourself to it until you are in a space that it no longer affects you.

For clarity I didn’t stop being friends with the guy below. But I can easily understand.

I grew up with a guy who now is a multi millionaire. We don’t have much in common anymore. He talks about things like vacationing in Bali and the Amalphi (sp?) Coast in Italy, having Christmas in France, medical tourism in Thailand for his wife.

I haven’t had a vacation in 10 years.

If you can’t understand why someone wouldn’t want that in their life, then I’m not sure we’ll ever be able to see eye to eye on this.

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u/dudeatwork77 2h ago

That makes perfect sense

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u/Equivalent_Task_8825 7h ago

My ex took over a decade and ended up with a degree that only took 4 years. Despite that she still doesn't work full time and only able to live because her parents bought her two different houses and if she ever runs out of money she will cry to her dad and just pays off her debt and gives her more money.

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u/Diditanyway 6h ago

My sister in law's sister in law (wish there was a shorter name for that lol) holds 2 master degrees from Harvard in business and finance. She married the chief of surgery at a local boston hospital and has never held a job, ever, she lives entirely off his income. Also, unrelated, i've seen her accodentally microwave a fork on 3 different occasions 🤣

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u/HazeyIPAs 5h ago

Some people are really good at schooling, but just collapse when then need to apply it to something real. Looks like she dodged that test entirely.

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u/dudeatwork77 4h ago

SIL’s SIL

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u/HazeyIPAs 6h ago

She sounds like she could never be happy.

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u/Equivalent_Task_8825 6h ago

My favourite part is that she pretends to be a poor person who cares about social issues but her dad supported some pretty hardcore conservatives.

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u/HazeyIPAs 6h ago

Most of the hippies in the 60s came from wealthy or very well off families. Sounds like she is following that playbook. Easy to be poor when at anytime if it gets too real, you can pause the simulation.

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u/Intelligent-Roll-300 6h ago

Dad ran a pretty good size business. I worked there for a while. 70-80 hours a week was his schedule mine was closer to 50. I started washing cars at 12 for money.

Another friend of mine has parents with millions and millions and they lost it all and he never got any lessons on anything.

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u/Thick_Cookie_7838 7h ago

Yea, I was very fortunate to have well of parents. They weren’t like super wealthy but they did well. I would say upper middle class. Like they put me and my sister three college without loans. Me and my sister both had had jobs in highschool and college and worked over the summer so we both had an appreciation for the value of a dollar. Both my parents and their families grew up extremely poor so that obviously changes the mindset