Being rich looks fabulous.
I know, money isn't everything.
I've seen the super rich literally throw money away, because they could.
They never see it as waste.
I want to be able to waste.
I wouldn't, but I'd like the option.
"What do insanely rich people buy that poor people have no idea about?"
I would spend on clothes. And I already have a lot. I can't help it. Gimme...
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"On staff mechanics. People see the Floyd Mayweathers and Tom Cruises of the world buying tons of cars and motorcycles, but when you have a fleet like that, you basically need on staff mechanics who at the very least keep your cars clean, but also handle all maintenance."
"An acquaintance of mine is one of six pilots 'on retainer' for a wealthy family."
"I have a buddy pulling in nearly 200k as a chief pilot for a crew of 4 pilots for a billionaire family. They fly far less than your average commercial pilot and he’s in his mid 30s. We live in the south, where you can live like a king on 200k."
"Access. Need to call a governor? He's on speed dial and will phone the senators too. Need to talk to the CEO of Coca Cola... he's waiting for you and immediately assigns someone to fix your problem. Do you want to yacht around the horn of Africa? The closest naval fleet will tell you the safest route and provide 'support' so pirates don't mess with you."
"I own a company and by nature interact with a lot of billionaires and CEO's. I'm by no means rich but hang in the circle enough that I've e-mailed CEO's of fortune 500's and they've hooked me up with huge 'free' things as a small perk or thank you."
"I've been PAID to fly places just to have a 1 hour meeting and then get a free VIP week long vacation with the mayor or consulate showing me around. It's trippy and I've never really felt at home, but I've been eternally grateful for these travel opportunities."
"Support ships for your mega-yacht. The biggest yachts don't travel alone, they generally have small cargo ships that do everything from house additional staff, to transport your cars so you always have them when you make port, to holding all of your toys (helicopters, submarines, day-boats, etc.). They'll often travel a day or two ahead of the yacht to a destination so that your staff can unload your things (cars, clothing, etc.) at the next villa you're summering in."
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"Isolation from poor people. Rich people spend a lot of money to make sure that poor people can't get anywhere near them."
Rich people are funny. And clearly a bit rude...
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"Cloning pets, one of our investors spent ~$100K cloning his dog."
"There are membership-based vacation clubs. Similar to high-end country clubs, but for travel. You may pay a one-time initiation fee that can be upwards of $100k - $250k to get 5-10 years of access to purchase incredibly exclusive vacation/resort/rental property experiences. I work in the travel industry and I know of multiple companies like this."
The Expensive Skies
"I work in the film industry and one time I booked a trip for someone to fly from London to California for a weekend and it cost more than my yearly salary. This was 2010, and it was $35,000 for first class airfare, private car, & hotel, because they realized Friday morning that based on his contract that he needed to be present while the film was being finished that weekend, and his contract specified he accommodations needed to be first class/5-star hotel, etc.I accidentally had an extra "0" it was $35k, which is $10k more than what the studio was paying executive assistants at the time..."
"It's called kidnap and ransom insurance. K&R and it includes training so that you know what to do in a hostage situation. It also includes a trained response team. The statistics on this stuff was/is nasty. Your chance of survival with insurance is about 60%. Without it you're closer to 0%."
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"There is a streaming service that's pretty much Netflix for rich people, allowing you to stream current cinematic movies for about 3,000 bucks a pop."
"My wife’s, cousin’s husband is a chef for a famous Bollywood star. The catch- he is only there to make chai. Apparently his chai tastes exactly the same as his employer’s beloved (now deceased) grandmother used to make. The man makes more than I do per year making chai 2-3 times/day."
"Private doctor's. My nephew married into a very high net worth family, They employ a general practitioner/hospitalist with privileges at several top level hospitals. He caters, in house, to any and all medical needs they may have."
"A YT video I watched the other day said that, based on comments Kim made in a recent Allure interview, it sounds like the Kardashians have an in-home plastic surgery center."
In the Old Days
"My in-laws were well off. Way before the internet, I had an unexpected emergency when my brother was in a bad car accident in another state. I had been out shopping with my sister-in-law when my mother-in-law called the store and told us to come home right away, but she didn't say why."
"It took me 20 minutes to make what was normally a 40 minute drive. I'm pretty sure I scared my sister-in-law to death with my driving. When we got home, my in-laws gave me the news. They also had airline tickets waiting for me so I could be on a plane right away. How? They had a travel agent they'd used for years."
"In the half hour between the time they got the call from my family to the time I walked through their front door, they had called the travel agent who had booked the ticket and had it hand-delivered to my in-laws home. So what do rich people buy that poor people have no idea about? Incredible convenience, that's what."
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"Honestly insanely rich people often get so much for free because they're rich. Money begets money as well as access. It's crazy how much free stuff and access you get just because you're rich."
"Time. For example, I own a boat, I work my ass off on it repairing, cleaning, storage, etc. If I were rich I would just pay to have all of that taken care of so that I just make a call and the boat was ready to go anytime I wanted it. The rich spend their money on toys, but they also spend money buying the time to use those toys and to live their lives."
"Weird but important different types of insurance on their 'money-makers.' Like Taylor Swift has her legs insured for like $50 million. Her legs are part of her brand, her look. If some terrible accident happened that removed her legs or damaged them, she has insurance to cover that loss of income."
"That people don’t actually know about? There are a few towns and islands that are only for rich people. It’s just a place you’d never know to go or have access to unless you too are rich. But also things like specific buildings for high frequency trading."
"Some trading firms move to where they have faster access to the internet and as such can complete trades faster peeling off those tenths of a cent in a transaction that in term can make millions. I think the exchanges actually figured out a way to stop it but for a period of time it was something only rich people could buy."
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"So I worked at an airport in the Caribbean. There was a small bay that would be used on occasion in the winter months for yacht parking. A Middle Eastern prince parked his yacht there one day and we watched the hull open and two smaller yachts emerged. That is stupid, f**k you money right there."
Oh to be rich and fabulous. Gimme the coins.