Having lots and lots of money is wonderful. Having very little money is really stressful and terrible.
But apparently, it's a little more complicated than that. Once poor, now wealthy Redditors weighed in with some truths about what happens when money starts rolling in. Spoiler: "Mo money, mo problems" is totally a real thing but money is also really cool because you can buy helpful stuff.
One Redditor asked:
Rich people of Reddit that were poor before, how did money solve your problems and what new problems have appeared?
Through the Cracks.
"Went through childhood in the foster system and fell through the cracks, ended up homeless a few times. Anyways I am not a 1%er but I do make more than 80% of Americans (yearly salary wise)."
"Money relieved me of stress. When I go shopping I don't check my bank account before I make a purchase, I have insurance so I am not afraid to go to the dentist or doctor, going out with friends is fun because I know I won't be financially struggling from a night out. It ultimately bought me a level of stability I never was used to and I am incredibly grateful."
"My 'new problems' I wouldn't call problems, home maintenance, car upkeep, bills, etc. I am grateful those are my main worries these days." SpookyCritter
Downside:
"I can now buy good gifts for my friends/family."
"Downside: now I cant get them crappy gifts." WhiteHairedWidow
Just poor....
"Not rich currently but due to my work skills I have been both flush with cash and scraping by. This position changes every so often."
"When I had excess, forget it level of money, my immediate needs were taken care of so I could focus on other things/take on new projects."
"People don't realize that when you don't have to worry about:"
- "Food for the next month(s)"
- "Basic household bills for the next month(s)"
- "Fuel for the car"
"you are so free to spend your energy on other projects and learn new things."
"For me, the issues that having that much disposable income is the temptation to spend it. Lifestyle creep and keeping up with the Jones' will destroy people if the cash flow ever gets interrupted. Without that cash flow you can't afford you mortgage or your new car. I avoided it, luckily. Many others have not."
"I bought a small house and a nice 15 year old truck when I had the money and then I stopped. I put my money in the bank/invested it. My monthly stay alive cost is under 1K. When the good times end, I still keep the lights on working a low paying job." Routine_Condition
Fawning service industry people.
Giphy"Fawning service industry people. Waitstaff, hotel, retail store people. It's embarrassing sometimes because I don't know how to react."
"I have a sister who is middle class and three kids. I'm relied on to provide certain expensive things for the kids. Once in a while is fine. It's fun. But because I have no kids, she thinks there should be a constant stream of fun activities and gifts coming from me because "what else are you spending your money on." the-camster
I can go to whole foods.....
"Grew of middle class, until 12 years old, then mom had a stroke and parents lost family business and was essentially piss poor broke. I think parents sheltered my brother's and I from it a lot. Always had something to eat but always moving around different homes, xmas presents consisted of socks, underwear and candy bars. It sucked during high school. I was jealous. Went to college, got a job, and so did my brother's. My brothers started doing well and started supporting our parents. I ended up going to med school. Getting through residency. Still paying off massive loans but now in a place where I don't have to worry about my car breaking down, I can go to whole foods, I can buy friends and family dinner without thinking about it. I can pay for my parents dental work without thinking too much about it."
"I can invest in stocks, invest in a good home, maintain the home and my cars and even make money on my house by investing correctly."
"The biggest difference is that. Now I can make financial decisions that on their own make money for me, with real estate and with investing. And the ratio of this easy capital games money only gets better every year."
"When you are poor you own nothing and the only way of making money is to work but if your paycheck cant support your lifestyle it is very difficult to break cycle." gnfknr
Payoffs....
"We weren't really that poor but we lost a good part of our income and the biggest problem is I cant spend money without stressing about how many hours I will have to work to pay it off." AdaLovelaceKing
The 1%...
"Not "rich" by 1% standards, never been "poor" (I always had a support system, even if I had no money myself)."
"That being said, the number one thing I noticed is holidays aren't as stressful, because money isn't an issue. Shopping for presents is relatively easy, because I'm limited by creativity, not weighing "how ashamed am I going to be to give this crappy gift to someone vs how much do I want to eat this week."
"The main problems come from being in that place where "enough" is never enough. As long as I watch my spending, I can mostly buy the occasional thing I want, but I don't have enough that I can buy "whatever." It's also a dilemma when it comes to helping out my friends. I don't have enough that I can afford to solve (or really significantly impact) my friends financial problems, while at the same time I want to be generous/helpful when I can."
"On the gripping hand, it becomes easy to be taken for granted or even worse, taken advantage of. Springing for the occasional meal can easily become being expected to pay for restaurants that are more expensive than I want to be going to in the first place. You want to nip that crap in the bud real quick."
"But I have a lot of friends who are literally looking through couch cushions for gas money. At the same time, if I gave them gas money all the time, I wouldn't be able to pay my own bills. So it sucks to sit there and have to figure out when I can actually help vs when I'm lighting myself on fire to keep someone else warm." JesterBarelyKnowHer
Missing You Much...
Giphy"Kinda the opposite here, was fairly wealthy living in a large single family home, now living in a 250 sqft trailer. The biggest thing is probably not having the time to be able to enjoy ourselves. Working 7 days a week just to make ends meet isn't fun. Before, we could go anywhere on a whim and not have to worry about missing out on the money."
It. Is. Heaven.
"It is hard to overstate the joy of having a RELIABLE car, with gas, with insurance, that I just take to a guy if something needs to be fixed. It isn't brand new or fancy, it's just a car I can trust."
"It. Is. Heaven."
"New problem; my nieces and nephews hit me up for money whenever they have some sort of travel event they found that they want to go on. Sometimes the answer is no and that often causes hard feelings." picksandchooses
Stay Calm...
Giphy"Can't say I'm rich but for my age (22) I'm wealthy. I always had to think a lot before buying anything, having money makes it much easier. I don't have to say no to my friends when they invite me for something because I don't have the money, always so embarrassing."
"Still I'm always afraid I lose it again and I end up being poor again. It's a constant anxiety." xDariius
"One thing I can say for sure though is I will never take normal things for granted ever again. How I miss having a dishwasher and a clothes washer and counter space. I miss having an oven big enough for a tray of cookies. I miss having more than one bathroom in the house. If I were to ever have these things again, I'd never ever look at them how I did before, I'd be eternally more grateful than I ever had been." Reddit
Necessary, not sufficient
"In the German language there is a saying that goes: "Geld macht nicht glücklich, aber es beruhigt ungemein." It translates to: "Money doesn't make you happy, but it calms you down immensely." It seems to be really true."
Retroxyl
There's no going back..
"Money allows me to not worry. It doesn't make me happy, but it frees up my mind to BE happy, because I don't have to spend time worrying about how I'm going to pay the next bill."
"Lifestyle creep is a very real thing, if you're looking for a "problem." We've gotten used to this level of money, so if it were to go away, it would be a pretty big problem pretty quickly. Our bills have risen along with our income."
scottevil110
"I can now buy good gifts for my friends/family."
"Downside: now I cant get them shi**y gifts."
WhiteHairedWidow
Just never seems to be enough...
Giphy"I can afford the good toilet paper now. The only problem is, I'm still not rich enough to have someone wipe for me."
Ejgee
Outta the woodwork
"What new problems have appeared: people suddenly become very friendly if they need money and they stop being friendly if you don't loan them (more). Also loans are gifts in their head."
AleanderGG
"I am in a similar boat. Trying to help my sister out of credit card debt, I have been buying them groceries. Hoping they would put the money onto the credit card. Later I learned with all the money they had "saved", her husband went out and "invested" in some new trading cards. However i try and help family it always seems to backfire."
jumpingjehosophat
Unlimited vices!
"I couldn't afford beer and now I can."
SailorTodd
Easy, but not simple
"If you obtain a large sum of money in a vacuum (metaphorically, not in a Dyson) then yeah having money is not a bad thing and can't be construed as such. The reality though is that generally large amounts of wealth are obtained through a huge amount of work which almost assuredly brings problems. That being said, problems like work/life balance, managing people and so on would be preferable for almost anyone over wondering how you are going to pay your rent or bills next month."
deanvancity
The long con is doable
"Basically, money is a safety net. I feel like I can buy my way out of problems fairly easily. Also, not being poor bring economy of scale on everything... like, I can cook a meal for 4 adults with $7 because I have all the staples in my pantry."
XavierWT
NO MORE BRATS
"I have to make sure my kids aren't entitled little brats and don't grow up to be entitled, awful adults."
needs_more_zoidberg
License to chill
"Went from extremely lower middle class (where I didn't carry insurance because I couldn't afford it, and could never pay all my bill in any given month) to 1%er. The biggest difference is bar none the loss of that fear and shame. My wife is an incredibly empathetic sympathetic person but she came from money and doesn't understand the feeling. The stress, shame, and sleeplessness that comes from not having money just can't be explained unless you've lived them. Not having that feeling, just knowing I can buy what I want (with in reason, don't confuse the 1% with the .01%) is one of the greatest changes in my life. Having come from almost nothing to where I'm at now there are no problems. The problems I face now are totally first world problems, because money."
Igotnoclevername
Level up to Robinhood powers
"I can give now. We support youth development causes in our town, but more importantly, we pay "scholarships." This is when you are signing your kid up for something cool, and you pay 2-4 times the amount, so the poorer kids can do it too. This was my childhood. My best friend was rich, but his parents really respected mine, and they also loved me. Every cool thing that came up that I knew I couldn't afford turned out to be just "free!" My friends mom paid double for everything, and neither I or my parents ever knew until she had passed."
JuliusVrooder
There are some problems here we never quite considered.
Do you have similar stories? Let us know in the comments.
Do you ever wonder what it must've been like to experience major events throughout world history when reading about them in text books?
But if you take pause and actually think about it, we're living through many newsworthy current events that succeeding generations will be talking about long after we're gone.
Reading about them online or in newspapers is one thing. But seeing them happen unfold before our eyes is another.
Curious to hear from those who'll have anecdotes to tell in the future, Redditor "What is the most historically significant event you witnessed IN PERSON?"
People recall the natural disaster events they've witnessed.
Tremors
"1964 Good Friday Earthquake 9.2 Richter. Was a boy in Cordova, Alaska at the time."
– KitchenLab2536
"My father was skipper of the USCG cutter stationed there. He was inport, and when the quake struck shortly before 5:30pm, he and my mom gathered me and my three siblings on the front porch. At first, it felt like the house was crumbling at the foundation, but on the porch we could plainly see our whole world was shaking. I remember watching telephone poles swaying, and the wires snapping and crackling in the street. The quake lasted about five minutes initially. My dad got his ship underway to avoid the tidal wave which was sure to come. We had several aftershocks in the coming weeks, some of which were quite strong, though nowhere near as strong or as long as the quake itself. I was seven at the time."
– KitchenLab2536
Collapsing Freeway
"October 17th, 1989. I watched the 880 Nimitz freeway collapse during the San Francisco earthquake. The Honda in front of me had the upper deck crush her front-end engine compartment. The mother and her daughter were shaken up but completely fine."
"I was driving a convertible Triumph Spitfire, which was scratched up slightly from debris. However, I walked away unscathed. Aside from the fact I pissed my pants, which I didn't notice until much later."
– CatDaddyWhisper
Thar She Blows
"I sat on the roof of our house and watched Mt. St. Helens erupt less than 100 miles away."
– stinkykitty71
"This must have been fascinating and terryfing in equal measure. What a thing to witness."
– runrossyrun
"It was amazing! The ash that covered everything like snow was interesting to kid me, but less so to my parents."
– stinkykitty71
People recall seeing major catastrophes as a result of malfunctions or judgement errors.
Bomber Crash
"The b-52 crash that led to changing what large military aircraft are allowed to do for airshows."
"I didn't see the plane, but immediately saw the fireball. It was just a perfect, bright red turning to black mushroom cloud."
"Fairchild is a nuclear air base and there were a few minutes there where I was sure the world was about to end."
"A few years before a KC-135 doing the same thing crashed near the school while we were in class."
– goffstock
Tragic Takeoff
"I was standing on my front porch watching the launch of the Challenger."
– StarChaser_Tyger
"Was riding in my parents car to a basketball game in the next town over in north texas when we saw a shooting star and thought that was neat."
"It was the Columbia..."
– Misdirected_Colors
Demolition Gone Wrong
"The failed implosion of the Zip feed mill in Sioux Falls, SD in 2005."
"They hyped it up, sold tickets to it, had a big 'BOOM' marketing thing, and broadcast it live on TV."
"The explosives took out the main supports on the first floor, and the rest of the building above it just plopped down 10ft or so and came to a rest. It was a massive failure, and was a funny little blurb on news stations around the world that day. Definitely not major news, just the rest of the world taking 20 seconds to laugh at us."
"The building sat like that (the leaning tower of SuFu) for quite a while until they figured out how to safely demolish it."
"Here's a clip of the failed demolition."
– KitchenBandicoots
These well-known historical events were seen by very few who are alive today.
Historical Remnant
"The tumbling of the Wall in Germany… along with people selling bits and pieces of it on tables in lobby in front of commissary and px in the following weeks and months. I had picked up a chunk about the size of an oreo and kept it… has blue spray paint on the flat side. Wonder if anyone is buying them now?"
– SingedPenguin13
Major Upheaval
"I would have to say the LA riots. I lived about two blocks from where it started. I was on my way home from school and saw someone throw a brick through a window. I didn’t even wait. I just started running the whole way home."
– Scarlaymama0721
Day Of Infamy
"9/11, I could SMELL the collapse of the towers."
– go4tli
"A friend of mine was there. One day in the warehouse we worked in together there was an odd electrical burning smell. He stopped in his tracks and went 'this is what 9/11 smelled like.'"
– mantistoboggan287
I didn't physically witness the fall of the World Trade Center but I was living in New York City at the time.
However, I did see the smoke.
I was living up north in Washington Heights at the time and knowing what happened, uncertain of what was to come, and seeing the plumes of smoke from the attack site was the most ominous sight I've ever seen in my life to date.
Have you ever lived through a historic moment or witnessed something sure to be noted in history books? Let us know in the comments below.
