Rich people or rich looking people

I see some rich or rich looking people out there. Do you guys think they are doing the right things - saving for their 401k, ira outside of work, savings account or are they just going paycheck to paycheck and in debt? Now I'm sure there are some rich people who are doing the right things, but everywhere I look there's a person driving the newest car-5.0, shelby, BMWs, MB, GTR, etc. Sometimes I go to the mall and see people wearing LV and AX shirts and I'm thinking "Dang, did he just drop $70 on that?" Oh well. I'm just wondering what you guys think.

Major Highway said:

What is an LV or AX shirt?

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I hate myself for knowing this, but Louis Vitton and Armani Exchange.

A lot of these people don't really have two penny's to rub together, and alot of the stuff there wearing is fake. I see alot of Dolce gabbana around too, I know thats super fake stuff

wilheldp_PE said:

Major Highway said:

What is an LV or AX shirt?

Click to expand...

I hate myself for knowing this, but Louis Vitton and Armani Exchange.

Click to expand...

The only place I've ever seen AX is the Houston Galleria... or maybe it was the Dallas Galleria. I don't know. Either way, isn't is a much cheaper line of clothing?

Last week, I was donating some stuff at the thrift store and decided to venture in.

To my amazement, there were a number of name brand shirts and pants never worn, tags still on, and looked pretty good for $4 a piece.

I am going there this weekend to pick some stuff up.

My neighbors would never consider going there and my household income is over double what theirs is.

Although I am paying around 1k a month on day care with another one on the way which will take my total up to around $1,800 a month.

That discount really makes a difference...

Master slacker said:

wilheldp_PE said:

Major Highway said:

What is an LV or AX shirt?

Click to expand...

I hate myself for knowing this, but Louis Vitton and Armani Exchange.

Click to expand...

The only place I've ever seen AX is the Houston Galleria... or maybe it was the Dallas Galleria. I don't know. Either way, isn't is a much cheaper line of clothing?

Click to expand...

Yeah, I think AX is a way for douchebags to wear Armani clothing without paying Armani prices. They are still WAY overpriced for t-shirts, though.

wilheldp_PE said:

Master slacker said:

wilheldp_PE said:

Major Highway said:

What is an LV or AX shirt?

Click to expand...

I hate myself for knowing this, but Louis Vitton and Armani Exchange.

Click to expand...

The only place I've ever seen AX is the Houston Galleria... or maybe it was the Dallas Galleria. I don't know. Either way, isn't is a much cheaper line of clothing?

Click to expand...

Yeah, I think AX is a way for douchebags to wear Armani clothing without paying Armani prices. They are still WAY overpriced for t-shirts, though.

Click to expand...

I have a hard time paying anything over 5 bucks for t-shirt. I'll go to ten if it is suoer-cool, but that's it.

I have plenty of 3 dollar specials from Kmart.

Wait, you mean you're supposed to pay the credit card companies back after you buy something using a CC? Well that sucks!

P.S. - I make decent money, and 90% of my t-shirts are the Hanes pocket tee multipack, courtesy of WalMart/K-Mart/Kohls. Kohls or maybe Pacsun at the mall are about as "high end" as I get, and I wait for sales. In fact, my newest article of clothing is the "World's Best Welding Engineer" t-shirt my old admin bought me for my birthday last year.

With most of the truly rich ones, you'd have no idea they were loaded. Most of the flashy ones you see are up to their ears in debt, since they spend all their money on 'stuff'.

When I worked 55-60 miles outside of NYC, it was the early 2000s housing boom plus the post 9/11 move out of the city exodus.

We did all sorts of inspection work for the local towns. There were 3-4 McMansion subdivisions going up in each town at any given time. 4,000 SF, $750k houses. And the people moving in there were not rich. The mom was either stay at home or worked part time, the dad got to commute 2 hours into the city for some middle mgmt job, and they all had 2-3 kids, luxury SUVs, riding mowers, pools, fancy swingsets, etc.

They were sooo overleveraged. One financial hiccup and they were screwed.

I spend all my money on hookers and blow

Who needs a 401k when I plan to die at 45

If you spend it all on hookers and blow, how can you afford porn and chicken?

I steal wifi from my neighbors for my porn fix

I wait in line at the soup kitchen for my chicken

willsee said:

Who needs a 401k when I plan to die at 45

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Good plan :thumbs:

picusld said:

Last week, I was donating some stuff at the thrift store and decided to venture in.
To my amazement, there were a number of name brand shirts and pants never worn, tags still on, and looked pretty good for $4 a piece.

I am going there this weekend to pick some stuff up.

My neighbors would never consider going there and my household income is over double what theirs is.

Although I am paying around 1k a month on day care with another one on the way which will take my total up to around $1,800 a month.

That discount really makes a difference...

Click to expand...

we actually get our kids winter coats there (cause they lose them, leave them on the bus, etc,etc)

I probably wont do that to my middle schooler, but the other two (& they never know)

We usually hit the local church rummage sales for winter coats for my son. They're nearly new since the previous owner grew out of it in six months just like my son will. If it gets lost or trashed, we're only out $5.00 or so.

We annually go through all of our clothes and manage to fill up several big black garbage bags with them and donate them. I swear they multiply in the attic. Most of it is perfectly fine, barely worn just doesn't fit right, not my style, etc.

I was reading over the t-shirt comments above and realized something... the last shirt I purchased was a pack of white T's as undershirts and that was at least a year ago. The most recent acquired shirts are from blood donation... about 10 of them.

From my time as a pizza delivery driver, many of those McMansions are empty of furniture ect or nearly empty.

The truly wealthy people I personally know do not have a high lifestyle or shiny toys for the most part. It seems those who have lots of money handed to them buy the high end consumer goods but the people I know who have accumulated wealth themselves do not typically know what AX or LV is.

I would recommend the book "The Millionaire Next Door" by Stanley. It is a fascinating look into the lives of people with 10+million in net worth.

If I ever have a ton of money, I'm going to buy a McMansion and just roller skate around in it. I bet that's why those people don't have furniture.

****, now I wish I learned to roller skate at those roller rink birthday parties instead of just hanging out at the snack bar.