They say money can't buy happiness, but it can buy a lot of things that make you happy!
1. Well, one ultra-rich person in particular. The CEO for a company I used to work for put a giant tank (pool) with a submerged "sunken ship" inside of it in his back yard so that he could scuba dive around in it.
2. Watching the weather report for multiple cities with ski resorts. If a lot of snow drops someplace, on moments notice a group of about a dozen will meet up at the private jet and go skiing for a couple days. During the trip, they might jet over to see a nearby sporting event. Then back to work as if nothing special just happened. A couple days later the designated accountant on the trip will send a spreadsheet around to everyone with their part of the bill for the trip. This bill can also include loses from the poker games played on the jet during flights.
3. Dated a guy who had a place at Ocean Reef (super exclusive, extremely wealthy community in upper Florida keys).
Sat with 5 other couples, going back and forth about whose mega yacht we should take out that evening.
Bob and Cindy's is the closest to the canal... but oh, Jim and Donna's is bigger! But, Mark and Tina's jacuzzi is already heated!... but Dale and Ira's has a full staff tonight!
I was just like... I have a kayak...
Ashleym527
4. Seasonal furniture.
"Well, it's getting on into April so we better get the spring couches and chaise lounges out of storage, and swap out the winter dining table and china for the spring set. Better get out all the matching drapes, too."
7ofalltrades
5. Buy property in London and dig out the basement 2-3 stories for conversion to luxury living.
6. Buying and selling people. Let me explain... (Continued)
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Buying and selling people. And then getting them to battle in front of an audience of thousands of people. On a football field.
7. Legally watch current theatrical films in the privacy of your own home theatre.
8. They buy fine art - museum-quality pieces - when it becomes for sale and hold on to it until it appreciates to a point where it's worth more to collectors than they originally paid for it.
That way, not only do they make a tidy profit, but they also get to enjoy the artwork in their homes as it increases in value.
Back2Bach
9. Oh it gets so much better than that. They give it away and make money doing so. This information is pretty old, so these loopholes might have closed or changed in some places, but it goes like this:
1. Buy painting for $1 million
2. Painting appreciates to $2 million
3. Donate painting to a museum. Museum pays you the $1 million you originally paid for it, so you get your original money back.
4. The $1 million of appreciation is considered a donation, which is tax deductible so you get to deduct that from your taxable income. This saves you (in the US) ~40% of $1,000,000 (or $400,000). In the past or in other countries, the top tax rate might be as high as 60% or even 90%.
So, you get your money back, plus a $400,000 (or $600,000 or $900,000) profit. You don't have to pay capital gains on the appreciation of the painting. You also don't have to pay a broker's fee. Plus, selling a multi-million dollar work of art can take a long time and with an auction, there's no guarantee you'd get the appraised price anyway. With an appraisal, you get someone to tell you what the price is. You are paying the appraiser. What do you think the odds are he's going to tell you a price you don't like?
Pretty sweet deal if you ask me.
Before 1969, this worked as described above. But, the top marginal tax bracket abused the crap out of this loophole, so they changed it. Since then, you do have to pay capital gains tax on a portion of the difference between the sales price and the fair market value, as I'll show below.
People have a bit more to say about this, so I'll go through... (Continued)
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Complaint #1 It's not a donation if you get paid! You just sold it cheap!
Yes and no. The portion of the fair market value that you got paid for is a sale. The portion of the value you didn't get paid for is a donation. Note this only works when you're selling something to a qualified charity. It's called a "bargain sale".
Complaint #2 You could sell it and make a $1 million profit!
Yes, sometimes. Obviously people still sell art so it's not always best to donate. But remember, this isn't a used lawn mower you can throw on Craigslist and someone will come pick it up this afternoon. There's maybe a handful of people in the world who can afford a multi-million dollar work of art and might be interested in buying it. If none of them happen to want the piece you're selling, you're out of luck. You ain't selling no art today.
Because of the aforementioned scarcity of buyers, you're going to need a broker like Sotheby's or Christie's to sell it. They don't work for free. They can charge up to 20% of the sales price in fees. So your $2 million sale - $400,000 fee gets you $1.6 million. Some money right now is often worth more than theoretical money some years later, or maybe never.
Complaint #3 The museum can't/won't pay for a painting!
They can and will. They can turn around and sell it for the fair market value for a $1 million profit because they're a non-profit so they don't have to pay capital gains tax and they're a museum so they don't have to hire a broker because people who want to buy art will come to them. If it's a particularly famous piece (which it probably is if it's doubled in price) they can exhibit it and drive ticket sales.
Also, as other people mentioned, this is only the tip of the iceberg. You can loan it to a museum and get a deduction for that. You can start your own museum and avoid taxes that way. There's all kinds of crazy things you can do with trusts.
Look, I'm not going to say rich people are all smart. I've met plenty of dumb ones. But you don't get and stay rich by being stupid about money. If they're paying millions or tens of millions of dollars for art it's because there's an angle in it somewhere where they can come out ahead. Yes, they're not infallible, they can get burned sometimes (you don't get rich by being risk-averse either), but they're not just romantic art-lovers either.
PMMeUrHopesNDreams
10. The following is a true story based on real events
"Hey -whostolemyusername- you wanna fly down on my jet to Myrtle Beach and Golf tomorrow?"
"uh...I have work...sorry"
11. Using the term "Summer" as a verb. (eg: we're going to summer in the Hamptons)
12. Go abroad for dinner.
I hear of wealthy Londoners (or nearby) who simply jump in their helicopter and fly to Paris for an evening meal, then come home again.
Eddie_Hitler
13. Having house managers at all of their properties. These people coordinate all the domestic staff, and manage the properties so that they are instantly liveable at a moment's notice (down to the flowers of choice in every room) even if the owners only come in for a week or two in a year.
Their secretaries will usually call the house manager the day before saying "oh they'll be in London for a few days" and the manager will arrange everything from the pickup at the airport in the cars he knows each member prefers, coordinate with the secretaries to figure out any appointments they may have, instruct the chef to make their favourite menus.... all of this is done without any input from the owner. That's what they pay for.
all-you-need-is-love
14. This one is pretty messed up. My classmate at university was from a wealthy Russian family that had (Continued)
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that had deep connections to the government and oil industry. He was so ridiculously rich that I couldn't even fathom it.
Anyways he found a few friends of similar ilk and they started some kind of underground club where they would fly in really hot Instagram models from all over the world for "photoshoots". In return for buying them nice clothes and things like that, they would hold just ridiculous sex parties where some really messed up stuff went down. Think the kinkiest of the kinky and that is what they did.
The only reason I even knew about it is because I worked as a part-time limo driver and these guys would occasionally hire me to drive their girls around. Before you ask, I never got in on the action.
[deleted]
15. I just learned the other day that wealthy families go on "shopping trips" to other states just for shopping.
Never considered that some people might say "hey this weekend, let's fly to New York and get some new stuff." without having an underlying reason to be there (visiting family, business, tourism)
Also, my friend growing up had another friend who had a legit Giraffe taxidermied (?) in his bedroom that was multiple stories.
haffbaked
16. I was once offered the opportunity for someone to run me a bath for $500 at a hotel (no added perks, not sexual, no company- just a bath with rose petals blah blah). No thanks.
17. I had some family friends growing up that had a handmade monopoly table.
It was wooden with silver pieces, and they used real cash.
ohgreatitsryan
18. I have a relative by marriage who buys land just so (Continued)
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just no one can develop it.
19. Met a cool young girl at my college - she was like a princess - she said that was the closest English word to describe her status. Before coming to school, she had NEVER - dressed herself, bathed herself, walked up or down stairs without a maid holding her hand... I initially found this out when I heard her ask someone for help going down a flight of, like, 6 stairs. She was cool about it, though, and learning.
20. Not just the ultra rich doing it, but a new one on me... Valet garbage service.
I was out in LA walking around a neighborhood (not gated). You tell it was the kind of neighborhood where people would have housekeepers.
It happened to be garbage day. Suddenly all these brown skinned people appeared. They went into the yards, got the garbage cans from where they were stored. Wheeled them out to the curb, then as soon as the garbage truck passed, they wheeled the garbage cans back into hiding.
I talked to someone who lived there and turns out it's part of the homeowners' agreement that garbage cans cannot be left on the curb at all and they paid an extra fee for this mandatory valet garbage service.
Maggie_A
21. Building an extra wing onto the mansion to display 30,000 mounted dove heads.
22. My cousins have travel-around tutors that go with them when they travel around the world, so they technically never miss school. They aren't bound by the schedule of public or private schools in Texas, where they technically "live".
Also, they were just in South America shooting (Continued)
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Also, they were just in South America shooting Dove (apparently) and they killed 30,000 in a single week, between my uncle, his 15-year-old son and his 12-year-old son.
My step-grandfather (uncle's father) was...displeased about the display, despite having been a hunter his whole life. Somehow, in his age, he's discovered the wrongness of some of the things he's killed. Specifically about doves he said, "I was at the [country club] last week and they have lots of doves out there. The regular gray ones and the white-wing variety. And they're just so beautiful and I said to myself, 'How could you have ever killed these magnificent things? How could you look at yourself in the mirror?'"
This man has been a hunter for most of his life and he's sworn off of it forever. He doesn't even fish anymore.
SheaRVA
23. A girl I know is a nanny for a very rich family and they flew her to the other side of the world to take care of one of their three kids. Just one. The other two have their own separate nannies.
mepulixer
24. Buying their kid's way into a particular school, especially alma maters.
All it takes is a few well-timed donations, and suddenly your kid gets a private tour, lunch with alumni relations officers, and consultations with an admissions specialist. There are all sorts of assurances that this is so the kid can get to know the school, and that none of these people influence admissions.
But really. Assuming the kid isn't truly dumb, a couple hundred thousand goes a long way in helping them "stand out" from the crowd.
25. Old money in my part of the world have a thing for fully restored private railcars, with all the modern amenities of a high end RV. They pay to have a track branched to their personal storage shed and then take them out maybe once every other year. Of course the process of taking them out involves paying a company such as Amtrak to haul the thing to their main line, hook it up to a commercial passenger train, and then lug them around the country to their destination. Get a handful of private railcar owners together and they hitch up, rent an engine, and tour the country with close friends the old fashion way on entirely private luxury train.
NathuramGodse
When we're intoxicated, or even the slightest bit tipsy from having a little too much to drink, our immediate perspective on things is hazy.
But there's nothing like a bit of alarming news or a jarring incident to snap us out of the fog and focus on the moment.
Sometimes alcohol isn't always to blame for our impairment.
It can be a state of mind, like a perpetual numbness from being complacent in life, and all it takes is one shocking moment to rattle us back to our senses.
Curious to hear from strangers online about this type of scenario, Redditor Known_Challenge_7150 asked:
"What’s one thing that sobered you up real quick?"
These individuals were witness to shocking events that sobered them up right quick.
Bleeding Out
"Got out of a taxi and found a naked man profusely bleeding from his head crawling up the driveway in my condo. Called him an ambulance completely forgot I was absolutely wasted until 45 minutes later when I'd helped him translate and in to an amublance and stepped in my front door."
"Later a few days later learned he'd slipped in the tub and literally crawled out for help. Poor dude. He was fine but I genuinely thought he was going to die there."
– DongLaiCha
Tragic News
"At a bachelor party and we got a phone call that the groom’s father had suddenly passed."
– accountnameredacted
Bottom Of The Barrel
"I went to visit my parents back in July. I was homeless and deep into fentanyl addiction so I lost a lot of weight. My folks could see it. They knew something was up. Anyway, I spent the night and I was getting ready to leave in the morning and I looked at myself in the mirror for a good long time. I finally had enough and told them everything. They took me to detox, from there I went to rehab. Graduated in August and been living with them ever since then. I have 160 days clean and sober."
– Crotch-Monster
A reality check can be enough for some people to snap out of it.
Like Father, Like Son
"Was driving a drunk friend home, he had been on a bender again and was smart enough to call me for a lift rather than try and drive. As I helped in to his house his mother came down the stairs and said 'your as drunk as your father' and went back upstairs. I haven't seen him drunk since then, he still drinks but the thought of turning into his dad scared him out of hard drinking."
– psycospaz
Busted
"Flashing blue lights."
– FiddleOfGold
"This sobered me up just thinking about it."
– redmaple_syrup
Losing Sight
"Woke up to no sight in one eye. I had cataract surgery so just thought one of the lenses had slipped and it was an easy fix. Eye doc says nope, you had a stroke. I loved soy sauce, teriyaki sauce and salty food, which caused high blood pressure, which caused retina damage. Over six months was able to get most of my eyesight back with medication, and all back within a year. Trying to navigate life with one eye was very sobering. Started taking HBP much more seriously."
– MissHibernia
Quitting The Bottle
"Looked up someone I went to highschool with who was an awesome guy. Found out he had been dead for 3 years from alcoholism, at age 33. I made an overnight change. I hadn't started drinking that night yet, 10 months ago. Haven't touched it again since."
– omgtater
These disturbing moments were enough for Redditors to immediately come to their senses.
Unplanned House Guests
"Me and a buddy Woke up in someone’s living room, realized neither one of us knew the people, they were just nice and let 2 drunk guys sleep on their living room floor. We didn’t even say goodbye."
– Oneinsevenbillion75
Serious Health Warning
"Elevated liver enzymes."
"And the knowledge that this sh** was gonna kill me and I just couldn't orphan my family over it."
"So I opted for recovery, instead."
"Clean and sober since June 5, 2009."
– Far_Meal8674
The Joyride
"Grew up in a rural area. The little town hosted dances at the hockey arena, everyone (adults and kids) went and they overserved everyone, regardless of age. I was maybe 16 or 17 and was absolutely sh*tfaced, and jumped in the back of someone's truck with about 8 other people to go back to someone's cottage for after dance drinking. The driver (still don't know who it was) started racing one of his buddies and we whipped around small dirt roads, flying around blind corners on the wrong side of the road, going god knows how fast. It was basically a disaster waiting to happen. It was crazy scary and I was sober and thankful to be alive when we finally arrived."
– foxfood9116
The human psyche is a fascinating thing, isn't it?
How we can automatically focus on something urgent at a crucial time, even after getting buzzed from drinking too much alcohol.
But as we're in the thick of the holidays, it's a good reminder to drink responsibly and stay off the roads if you drive to your celebratory destination.
Cheers. Stay safe. And happy holidays.
We've all complained or vented about something in our lives which, in the grand scheme of things, wasn't exactly a problem, or is very easily solved.
Then there are those who complain about things that others almost hope will happen to them at some point in their lives.
These are known as "first world problems", as they are problems that pretty much only the world's one percent faces.
From having to fly business class instead of first class, or being served Roederer instead of Dom Pérignon, these complaints are often met with amusement, bewilderment, or even anger.
Redditor jennimackenzie was curious to hear the most absurd "first world problems" anyone ever complained about, leading them to ask:
"What’s the most ridiculous 'first world problem' you’ve seen people get worked up over?"
"Tale As Old As Time..."
"I once knew a mom who was legitimately devastated, to the point of tears/grief, because a doctor predicted her 8 year old daughter's final height to be around 5'2","
"Which wasn't tall enough to get cast as Belle at Disney World."
"That was the child's (and her mother's) only dream in life, apparently."
"Didn't appreciate my suggestion that she could be Minnie or Mickey."
"Lol!"
"Only a face character would do!"- TravelLovingMom
"Must Be Funny, In A Rich Man's World..."
"My boss from about a decade ago was this insanely rich dude who always went to the bank to get fresh and crisp currency."
"He'd call the bank in advance to make sure they had some on hand."
"I think he was a germaphobe."
"He had a trash can that he'd throw $1 and $5 bills in that he thought was 'dirty' and regularly just donated it vs spending it."
"I asked him why he did this and he said it was too much trouble and asked if I wanted it."
"I said f*ck yeah dumped it into my bag and when I got home it was close to $400 in singles and fives.
"Another time, he wanted to upgrade all the computers in his studio, so we went to a store and bought 10 PCs."
"They all had $150 mail in rebates and he wasn't bothered to go through the trouble of mailing them in."
"3 weeks later I received $1500 after spending a whole afternoon filling out all those goddamn forms."- azninvasion2000
Money Burn GIF by nog
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Who Wore It Better?
"When I was about 19 years old, I was at my boyfriends family BBQ."
"I was wearing this pretty floral sundress."
"His cousins girlfriend showed up in the same dress and she was SO mad that she went and changed."
"I will never understand being upset when someone is wearing the same thing as you.'
"Did you really think that your shirt you bought off the rack is going to be unique to you?"
"No."- mertsey627
Seeing Red! Or Blue In This Case...
"The blue of the balloons wasn't quite the same as the bridesmaid's sashes."
"Years ago my wife and I attended a wedding."
"It was very low key."
"The dinner was in the dining hall at the university where the couple met, cinder block walls and all."
"It was a Baptist wedding - no booze and very serious."
"The dark blue balloons attempting to liven up the hall were a slightly darker shade of blue than the sashes on the bridesmaid's dresses."
"The bride lost here sh*t and absolutely raved for nearly an hour."
"I can't remember how they finally managed to talk her down."- mechant_papa
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See You In Court!
"Rich neighbors who end up in expensive court battles because they disagree about where a tree can be planted or whether the color of a fence fits in with the street’s 'amenity'."
'These disputes get really heated and rack up huge lawyers’ bills."
"The most pathetic part is after the judgement when they are arguing about who should pay the other party’s costs."
"Lots of affidavits filed citing the 'emotional distress' they had to endure, or painting themselves as brave warriors who were forced to take a stand to fight for 'justice'."
"Also lots of pompous litigants insisting that the judge refer to them by their 'Dr' title."
"An absolutely insane dumpster fire of entitled rich people problems."- ElectrocRaisin
It's Always People With Money Who Don't Want To Pay!
"I work in a public library."
"People will get so so mad if they have to be put on a wait list for a book."
"A popular book that just came out."
"Ok our services are not only free but so are the books."
"You’re welcome, a**holes."- Switchbladekitten
A Warm Butt Is A Happy Butt!
"My own."
"We have a bidet toilet seat (Fabulous! Everyone should have one!) and not only does it wash your bum and blow dry it, but the seat's heated!"
"It's shocking how much a heated toilet seat makes the whole process more agreeable."
"Except: We had a power outage and I went to use the toilet and the seat was cold!"
"Unacceptable!"
"This shall not stand!"
"I was really upset because it didn't feel good."
"Then I stopped and thought: This is the most first-world problem anyone's ever had."
"I was really pissed because my heiny was tepid."
"I got over it."- DeathGrover
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Holy Matrimony!
"Weddings are a gold mine for this question."
"People get so hyped up over their 'most important day of their life'."
"They'll destroy friendships, go into debt, and have crazy expectations."
"It's not always the couple who go crazy, either."
"Sometimes, it's the parents or another family member who feels entitled to control the wedding."
"It's just a party."
"Be considerate of guests, have plenty of food and drinks, and enjoy it."- magicrowantree
When Fast Food Isn't Fast Enough...
"Having to pull off to the side to wait for a drive-thru order to be brought out to you because your food isn't ready and there's a line building up behind you."- demanbmore
In Case You Don't Think Customer Service Employees Are Undervalued...
"I was working the return desk at a Target next to a military base so I have so many stories."
"One of my favorites was a lady who had her baby shower before revealing the gender and was livid that she had received floral newborn diapers when she’s having a boy."
"It was a huge box of super expensive, all organic diapers, that we didn’t carry and therefore could not return."
"I cannot accurately express her fury and disgust."
"How dare either suggest her boy could wear feminine diapers."
"I suggested she donate them if she didn’t want to use them and she instead threw away the entire box."
"When she left we pulled it out and threw it in our donate bin."
"There have also been multiple times where mom’s order massive toys and when we bring them out to the car they get furious that they aren’t wrapped."
"We don’t offer wrapping services."
"Here’s the thing, if you don’t want your kids to see the toys you got them for Christmas or their bit to day DON'T BRING THE CHILD WHEN YOU PICK IT UP."
'I’ve had multiple women scream and curse me out that I had ruined their kids Christmas by bringing the toys they ordered out to the car like they requested."- clever-mermaid-mae
Customer Service Waiting GIF by Juno Calypso
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Happiest Place On Earth!
"I used to work for Disney."
"That in itself should tell you everything."
"However for fun I'll give you two specific stories one form our tech department and one from my wife who worked bookings."
"I specifically worked for their call center to help with technical issues with magic band and the website."
"Suddenly got worse huh?"
"A right of passage call everyone has at least one story of is the 'Dome call'."
"Basically there is a subset of Disney Guest (TM) that believes if it rains at Walt Disney world there is someone that will push a button to encapsulate the whole of Disney property in a dome to keep out the rain."
"I'm not kidding."
"If this button is not pushed they call our tech department to angrily ask why."
"My wife worked booking."
"Pretty much everything including Bibbidi Bobbidi boutique and Pirate's league."
"These two things did roughly the same thing difference being price and theme."
"BBB was expensive did more and was focused on princesses, pirates league did a bit less and focused on mermaids and pirates."
"Lady called up my wife, and got pissed about BBB being booked up (It goes FAAAAST)."
"Karen: 'Im going to give the phone to my daughter and I want you to tell her how you are ruining her vacation by not letting her do BBB'."
"Wife proceeds to explain how pirate's league is so much cooler and how she can be a mermaid or pirate and basically gets the kid to start demanding to their parents about how they want to be a mermaid instead of a princess."- trollsong
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The horror!
Being booked into a junior suite at Disney World instead of an executive suite!
It's almost as bad as having no money for groceries, or no food to feed you children...
Said absolutely no one.