Some people are born with a silver spoon in their mouth. But the fact of the matter is, nothing is guaranteed for life. Things can be taken away in an instant, including wealth. Here are some stories of people who grew up rich, but ended up poor once they got older.
u/decrypted_ asked: People who grew up rich but turned out poor what is your story?
They had to learn work ethic.
My stepdad managed a casino and my mom was a really well known real estate agent. Before they separated, their combined salaries was in the millions. My stepdad was very good with saving money and my mom was not.
They split up. My mom proceeded to pay cash for a house in an upscale neighborhood. Bought a Porsche, a large truck, dirt bikes, computers, and everything else she wanted that my stepdad told her no for. She started dating young guys, and would pay for them to go to Aruba, the Bahamas, Dubai, etc. She was living a very carefree life.
Originally I didn't take work or school seriously as a teenager because I was essentially spoiled. I had a terrible work ethic and I knew my college was going to be paid for regardless.
Then the housing market collapsed in 2007. My mom lost her clients, her couple dozen investment houses she purchased, and had no income. She had to sell all of her material possessions, her young boyfriend left her, etc. She took her last $300,000 and opened a very niche store which failed after a year. She filed bankruptcy.
I joined the military and left with $37 to my name. I had to learn work ethic. I had to learn how to learn. But overall I've had a very successful career so far. My mom married a doctor to stay afloat and still always talks about how she's "going to make lots of money again to buy us all houses."
It will run out if you're not careful.Giphy
My cousin's wife grew up in a wealthy family, her father officiated their wedding.
They were old money inherited from a few generations of grandparents ago. After years of travelling the world and just mismanaging their money its all gone. Just decades of spending millions adds up.
F*ck those scammers.
We were really well off in Korea until we moved to America. It seemed like a piece of cake for a family like mine to start life anew with enough financial backings. My father had worked hard for his family.
In the first 2 years of our life in America, my parents were scammed by shady Korean immigration lawyers. Twice.
Blew all of their savings and emergency funds.
We started from rock bottom again. I remember skipping two meals a day so we could have food to go around everyone. I also remember pulling the plug on the refrigerator because what's the f*cking point if there's nothing in it. We don't look back or talk about those times anymore.
Glad they weren't a brat.
My father was in the NFL in the 1980s and early 1990s. We lived quite well during my childhood (large house on a golf course, 4 cars, private school, etc.) but once he retired it was over almost immediately. Not because he was financially imprudent, but because it was clear he might not ever earn another paycheck in his life at age 33.
So we moved away back to Michigan in a nice, if not flashy house, and lived a very average suburban existence within his means. My parents are still together and have no regrets about slowing the spending down post-career. If I had been older and used to that lifestyle as a teenager as opposed to a child, I can imagine I'd have been a f*cking brat about the whole ordeal.
Dad went to jail for housing fraud in 2010. I was in my teens and 10 million dollars were seized. Went from a $800,000 house to homeless in 4 days because our family didn't even know he'd been in court for 2 years.
Parents quit a good job cause my dad got tired of the daily repeating pattern, it bored him too much to spend his life on it.
That's how we went from lower middle class to homeless. My dad decided he needed "a break" for a while. He quit his job, disappeared for a year or so, and left us three kids (all minors) to fend for ourselves. (Our mother had died years before, so we didn't have another parent to rely on.)
No drugs or alcohol was involved in his decision, either. He just stopped being a parent one day.
Good for this person.
It's a pretty short and simple one.
My parents are absolutely loaded. My dad was a VP at a major engineering firm, and while they're retired now, they're sitting on about four million in the bank and maybe twelve million in investments and stocks and the like.
They're also scumbags. My mother is an abusive monster who beat me growing up, and my father is an alcoholic who couldn't stop her.
So after college, I made it clear I don't want their money, or anything to do with them. They use money as control— if they're helping pay for something then they think that gives them broad control over me.
So they can go to hell. I've worked for a clean power company my whole adult life, and I've gotten myself to about $60k a year. Of course, the pandemic has temporarily turned my job off, but I'm proud of where I've gotten even if it's much lower than how I began.
Well, not exactly rich but my family was making a fair sum when I was a kid, then there were mass layoffs and now we live paycheck to paycheck,
It's not that we don't make enough money it's just that my parents, with all the respect, are financial imbeciles.
On the bright side seeing them as an example of what not to do I learned everything there is to learn about personal finance and a fair bit about business,
On the stupid side I've, repeatedly, explained to my parents all the necessary steps for them to get out if their financial problems but as my mom put it "If I can't spend my money then what's the point in even working" like seriously woman, you can spend your money but not f*cking all of it!
P.S. sorry for the rant had to get that off my chest
This one has a happy ending.
From birth to about 8 years of age I lived in Mexico with my parents. My dad was a truck driver in the United States. With the income he was getting, living in Mexico was awesome. We weren't rich. We lived in decent homes and had a decent life. Most of the money went to helping other family, food and going out. But to me we lived very good. I don't remember my parents ever stressing about anything financial.
Last thing I remember before migrating to the US was the twin towers. When we came over living expenses increased. We lived in my uncles house in the living room for about a year. After that we rented a room from a family in a bad area. I remember I couldn't go out the front entrance of the apartments one morning for school, because someone got stabbed.
2 years later we got our first apartment, we had no furniture whatsoever, no appliances. We each had a box of clothes. That night we had our first dinner, it was Chinese takeout and we were using an ice chest as a table. Buckets for chairs. We felt happiness and a relief to finally have a place to call our own. It's a beautiful memory for me.
Thanks for reading.
My grandparents were very wealthy so they bought my parents a house and basically supported my family, even paying for my school tuition (I wasn't aware of this). Because of this my parents were lazy and never really had jobs. They were always at home and I didn't find any of this unusual. We had extravagant vacations and I remember being given everything I'd ever asked for.
But my grandpa died when I was about 10, grandma following suit soon after and all his kids started fighting over the money. I'm pretty sure they're still fighting. Anyway, soon half the lights in our house didn't work, our tv's were all broken and our cars broken down and barely usable. I was wearing the same uniform all throughout high school, and as a teenager I wore nothing but hand-me-downs. My allowance decreased instead of increased year by year. There were no more vacations. But my parents wasted the rest of their savings on "appearing" rich, buying fancy jewelry and clothes for themselves and shit, racking up credit card debt. Then they'd host parties for friends in expensive restaurants and I'd feel so angry because back home we'd be eating nothing but canned food.
It honestly scarred me so much that my only goal is to become financially stable, and I plan to stay employed without ever retiring because I don't want to be like them, jobless and stupid.
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- Poor People Share The Most Out Of Touch Advice They've Received From A Rich Person - George Takei ›
No two people react the same way to a pungent odor, gratuitous violence in film and television, or unruly, off-putting behavior.
As some people have a fairly high tolerance for gore, aren't bothered by taste and smell, and are so patient that they simply aren't bothered by anyone.
Although, everyone has their limits.
And despite what they might say, there are very few people who don't have one thing which even the very thought of will make them gag, just a little bit.
"What genuinely disgusts you?"
Do They Think It Will Just Vanish?
"People not flushing their poop or pee in public toilets."- Acceptable_Fee_1280
"It was that hard to pull the little lever down?"- Scotsgit73
Always Carry Mints...
"Another person's hot breath in my face."
"For any reason."- MaryEstradaGTNickelodeon Bad Breath GIF by SpongeBob SquarePantsGiphy
"People who abuse their pets."- roseteaXx
Being Tricked Into Purchases...
"Ads with a fake close button that just redirect you to the link, particularly pop-up ads."
"I forgot about the mobile game ads with fake mini games that redirect you to the App Store."
"Those might be even worse."- Tyler_Martin1
Cleaning Comes At A Price...
"The goo in the sink drain once you’ve done the dishes."
"Touching this to clean the sink is always a gut-wrenching, vomit-inducing moment."- meiliraijow
Men Marking Their Territory...
"Sitting on a toilet seat with pee on it."- KAWAiiANGXL
We All Do It... Doesn't Make It Any Less Gross...
I Mean, COME ON!
"Just hang onto your sh*t for two minutes and put it in a bin instead of just throwing it on the ground."- ElmerWolfeLOdriving eric cartman GIF by South Park Giphy
No Matter The Package, Always Bad For You!
"Carrying around a bottle of your own brown cloudy spit that smells like absolute death just skeeves me out on a level I can barely even describe."
"Bonus points if you're the douche who leaves the spit bottles or cups for other people to clean up."- Porn_is_my_bae
We all have our limits.
But even if you aren't wholeheartedly repulsed by any or all of these things, that still doesn't mean you should tolerate it!
How else will people learn to stop?
It's rare for a day to go by where women don't, quite understandably, complain about the annoying, even misogynistic behavior of men.
Addiction to video games, poor hygiene, too much excitement over a football or basketball game, bad table manners.
The list goes on and on.
But men don't only annoy women with their behavior.
Indeed, plenty of other men get equally annoyed or revolted by certain stereotypically "male" behavior, and wish it would come to an end.
"Men of Reddit, what is something you wish other men would stop doing?"
Taking Others Down To Bring Themselves Up
"Insulting their friends to look cool in front of a girl."- SuvenPan
Always Needing To Be The "Tough Guy"
"I wish y’all would stop trying to be Mr. tough arrogant guy when an attractive women is in your presence."- Relevant-Quality2196·
It's Just Basic Hygeine!
"Not washing hands after using public bathrooms."- truetrusterWash Hands Reaction GIF by Leroy PattersonGiphy
Women Are Not Property!
"Stop hitting on other dudes' girlfriend."
"Some guys take it as a challenge and it’s pretty f*cked up."- Blowmansalad·
"Being overly horny and hitting on women non stop who clearly are uncomfortable."
"It’s hard to watch."- cgollin34
Learn Some Manners!
"That thing where a girl turns you down so you suddenly call her an ugly b*tch."
"It’s really not hard to NOT be a rude piece of sh*t, and it makes you sound pathetic."
"Have some respect and imagine your grandmother could hear you."- leastlyharmfulSeason 3 Episode 13 GIF by Parks and RecreationGiphy
What Are You Trying To Prove, Exactly?
"Acting overly manly and not smiling, like chill man I’m not trying to pee on your territory."- incognitoburrito2022
"Stop approaching women in grocery store parking lots! "
"My girlfriend mentions that guys, often way older guys, will try to talk to her and ask her out while she’s carrying groceries."
"She’s had to stop wearing headphones because guys will follow her trying to get her attention."
"The worst was a guy who knocked on her window when she was sitting in her car."
"Nobody taught me, a normal dude, how not to be creepy."
"Where the hell did you guys learn to do this?"- UptownShenanigans
Not Fooling Anyone
"Joining MLMs and being really vague about what they do."
"I don’t want an exclusive chance to gain you as a mentor, I sat next to you in pre-algebra and know that the concept of math escapes you."
"Also stop renting luxury vehicles for a weekend and pretending you 'made it'."
"Maybe I’m just a hater but if your whole plan is to not just fake it till you make it but to 'flex' till you make it then I’m not interested in whatever opportunity you’re trying to sell me."- Exact_Thought_185
Its Sexual Assault. STOP IT!
"The unwarranted peen pics need to stop."- Ratakoa
When other "bros" are so openly put off by "bro" culture, maybe that means it's time has passed?
But seriously, did anyone find "bro" culture attractive?
After all, were we laughing with the boys of the American Pie films, or laughing at them...
Successful people who come from humble beginnings usually don't forget where they came from.
But some of those who were already born into privilege and wealth may claim to be compassionate towards people who are financially disadvantaged.
But unless they've lived the experience as someone from the lower class or have a deep understanding of what life is like on the other side, the wealthy will never understand what it's like to be poor.
Curious to hear about interactinos with the affluent from strangers online, Redditor Salazard260 asked:
"Poor people of reddit, what's the most comically out of touch 'advice' you've been given by someone wealthier?"
When it comes to working normal jobs, rich people just don't understand.
Easier Said Than Done
"A mom to my mom, a single mother with three kids: 'you should just stop working if you are so stressed about it.'"
"Sounds like a psychologist I went and saw once, spent the hour talking about how much pressure I felt being the sole source of income in the house, to be told 'sounds like your job is stressing you out, you should quit!' When I asked how I’d pay the bills his response was 'I can help you apply for a new job, I’m really good at job applications, I’ve got every job I applied for! - yeah mate I don’t think that’s going to help. Never went back."
"Not really advice, but one of my high school friends came from a rich family. But because he wasn't really that motivated in life, his parents encouraged him to find a summer job."
"He was going to go job-hunting at the mall, working in retail. I asked him how much he wanted to earn. He said, 'Not too much. $40 per hour should be a good start.' This was in the early 2000s."
"It reminds me of the Arrested Development scene where Lucille thinks a banana costs $10."
When it comes to renting an apartment, these are not the people who should be weighing in with their thoughts to help.
Clueless About Rent
"I had a boss at the time tell me it cant be more than 800 bucks for rent in the DC area when I asked for a pay raise. The minimum rent I could find at the time was closer to 1800."
Let's Start With Step 1
"That I need to buy several apartments and rent them out. Unfortunately, he did not tell me where to get money to buy several apartments."
When it comes to family and financials, we're all not the same.
That's Not How That Works
"I remember when I was at high school and I mentioned to someone that I'd like a gaming PC but couldn't afford it, he said 'can you not just ask your parents for the money?'"
"I said no because there was nothing left over after bills and groceries."
"Yeah, but if you ask realllllyyyyy nicely, couldn't they give you the money?"
"Like what goddamn money? The money for the food we eat? The money for our electricity bill? Sure, no doubt my family are happy to suffer just so I can have a piece of tech I don't need."
Ignorance Is Bliss
"I had a friend like that and one time pulled out a pen and paper and did my family's financials roughly in front of them. I showed income, taxes, utilities, insurance, groceries, gas, car payments, loan payments, etc and then showed how little was left over and then said that some of that needs to go into savings/retirement just in case. I then asked them 'so where is that money I ask my parents for coming from?'"
"He sat there dumbfounded for a bit, I think one: that I knew all this off the top of my head (the recession made me hyper aware of financials) and two: it started sink in how ignorant he was about money in general, and how good he had it. He wasn't a bad dude, and wasn't one of those who thinks money was infinite, but I guess didn't realize how much 100 bucks was to a lot of people."
The Other Way Around
"'Just have your parents give you the money'.... B*tch, I support my parents."
Going Nowhere Fast
"I had a buddy in college that asked me to drive him to the next town over. He had a car but his parents said he was spending to much in the gas card. His solution was to bum a ride but told me it wasn’t fair for him to pay me for gas out of his allowance because I had a job."
"I’m still stunned by the mental gymnastics that dude went through to justify his behavior."
"After dumping me my long-tine girlfriend would occasionally reach out with her crazy rants."
"One of them was I should just dump my parents somewhere, as in literally dropping them off on some corner, and let them fend for themselves."
"I dodged a rocket not marrying her."
The rich could afford many luxuries that are unattainable for the rest of us, and good for them.
But when it comes to offering any kind of wisdom or suggestion to improve our financial standing in life, money can't buy them respect when they are completely out of touch.
There's a fairly common formula in movies geared toward a teenage audience.
A group of teenagers face one central conflict, to varying degrees of importance and severity, but manage to solve it in a surprisingly short manner of time.
The heroes of these films are usually a hodgepodge of traditional high school archetypes (star athlete, math nerd, girl whose beauty is disguised by a pair of glasses), all of whom the intended audience can completely relate to and root for.
And then we have the adult characters, who are often buffoonish stereotypes, or the outright villain, whose sole mission is to ensure the protagonist will not achieve their ultimate goal.
As teenagers, we often find ourselves ready to boo these grown-ups from the minute they appear on the screen.
But when we revisit these movies as adults, we find ourselves noticing that their behavior isn't quite as bad as we remembered.
Or, more shockingly, we actually find ourselves rooting for them!
"What teen movie is the epitome of 'the older I get, the more I agree with the adult?'"
The Teacher Was Right All Along...
"Rewatching 'Scrubs', I realize I’m no longer a JD., I’ve become a Cox."- RenegadeRinker
They Were Just Being Protective!
"I watched 'Sixteen Candles' recently and I now do not approve of Samantha going anywhere near Jake Ryan."-goblininstigator
All It Takes Is A Little Perspective
"Sadly, 'The Wonder Years'."
"I always couldn’t believe the dad was real, with his pissed off attitude from work."
"Now I understand."- hashnThe Wonder Years Thumbs Down GIFGiphy
Nothing Wrong With A Little Precision And Order!
"The movie 'Juno'."
"Jennifer Garner's character is at first portrayed as a 'square', then you realize she's a mature adult and her husband is a man-baby."- DaveFarted
Add It Up, The Wedding Cost Nearly $150,00!
"Not a teen movie, but 'Father of the Bride'."
"Watching it as a kid, Steve Martin seemed like an old grump."
"Rewatching it as an adult, holy sh*t he is the only sane person in that movie."- DrOctopusMD
It Was Literally His Job To Protect Them!
"'The Lion King'."
"Oh I thought Zazu was just an old fun-killer."
"What do you mean, Simba can't be king?"
"Why would you prevent the kids from going where they want?"
"As an adult and father, I'm 100% Team Zazu."- Oneiric86the lion king GIF by DisneyGiphy
Seriously, Would Your Dad Have Been So Cool About It?...
"As a new father, I hope to be like Jim’s dad when my little one is a teenager."
"Caring, loving and a complete embarrassment to them."- BanjoPhatterson
It's A Parent's Job To Worry.
"The mom in 'Ice Princess'."
"So you have a daughter who has a talent for and seems to like physics and has a shot of getting into Harvard."
"This girl throws it away for ice skating where she has only been competing for less than a year, where if she gets injured she's done and when she reaches 30 she's pretty much done."
"There is no way she is at an olympic level at that point she would need years of training! "
"Hell yes I would advise against it to!"- testmonkey254
Always Be Respectful Of Your Roommate!
"Goob, 'Meet the Robinsons'."- beepboop232Meet The Robinsons Google GIFGiphy
People Are Complicated
"He’s just trying to do something right and being a good dad."- LukeLJS123
As teens we're inclined to revolt from our parents and teachers, or even be revolted by them.
But the older we get, the more we understand that nine times out of ten, they were just looking out for us.
Just as we realize that Mr. Hall of Clueless was being pretty generous giving a C to a student who didn't seem to know how to pronounce "Haitian"...