Mo' money mo' problems
Totally valid point about people not equipped to become instantly super-rich. But I don't get this "mo money mo problems' mentality. Does wealth really make life more challenging? Is it so hard to not spend all this money on 3rd cousins, blow, and $10 a piece Pringles?
I think it is. How many people know - I mean KNOW, in the sense of making decisions based on this - that money is how you make money? Meaning, you can take the principal of your winnings and put it in a vehicle that generates the money you use for your potato chips and blow. Meaning, you don't walk in to a titty bar with a briefcase filled with $20s (as was done in one case; not surprisingly, the guy got rolled and later claimed bankruptcy). People who know about money and know about how money works, buy the strip club. It sounds facetious - and in some cases it is - but there IS a difference between "spending" money and "burning" money. Mark Cuban owns a plane, sure, but it's written off through the Mavericks, and I imagine when he's not using it, someone else is and they're paying for it (probably Mr. Lottery Winner, who doesn't know better).
Then there's the difference between "the purchase price" and the "maintenance price". Sure, you buy that boat for a $100K, no big deal, right? Except, did you know that it needs a slip (could be as much as the boat, with an on-going fee)? Gasoline/diesel for boats is EXPENSIVE. Winterizing. Captaining (if you're not so inclined). Mooring and dock fees when you take it somewhere. Cars; "Oh, I'm buying a LAMBORCHINO!!" not realizing that you can't drive that as a primary car, and you're a fucking idiot if you put it in your garage. So now you have fees there... all this stuff adds up, and can in some cases (houses, boats) double or even triple your investment. So if you're not good with money to start with, and you're not protecting your principal, you're going to be in trouble before too long.
Finally, I don't think people realize how much free shit the really wealthy (as opposed to rich) get. If you can make money for someone else, you can avoid paying for things. Do you think celebrities PAY for the drinks and stuff at clubs? Tickets? Do you know how good it is for a club to have Kim Kardashian or Kanye West at their club? If they're cool, they drop a couple hundreds on the staff and what not, but they're not paying for the same shit you, Mr. Lottery Winner, is.
Topic: Insane things that rich people spend their money on (Read 9152 times)
