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Staying humbled and grounded despite what level of wealth you have achieved is the way to do it.
My wife and I bring in a decent salary buy I still drive my Dodge truck, shop at Target, most fancy thing I have is a Bulova military watch I purchased and even that was less then 500, no reason to be flashy, I impress people by treating them with respect and kindness
Staying humbled and grounded despite what level of wealth you have achieved is the way to do it.
That is relative though. People who can afford a $10m house and rolls royces can claim they are staying humbled by owning a $2m house and driving land rovers, as well as sending kids to the public SDs instead of boarding schools. That's the NYC metro. You have lots of people living here who are so high in the upper strata such that what may appear to be "luxuries" elsewhere is a step down for them.
I like my Hemi Dodge too much, a Range Rover would be a step down from it. Now the old Range Rovers or perhaps even an International Scout, real off road vehicles I would take one of them.
You can't tell the difference whether wealth was earned or not by the houses that they own, trips they take or shopping money their spouses have. Wealth is wealth.
Some people I went to HS with who inherited wealth from grandparents (or parents if they died young) had no work ethic because everything was handed to them and no money management skills because their parents took care of details like that for them. They blew all that money on crap (or drugs, which is even more sad)! Now some of them are cab drivers and bagel store employees ... when previously they could have opened their own cab stand or bagel shop! My dad believes that if a kid wants to be in the family business, they get put in the lowest job so they can work their way up and learn it from the ground up. A lot of family businesses don't operate that way. My uncle (married my aunt) had inherited a family business and he employed all these useless relatives and paid them too much because they were always asking for more. The golden goose's eggs dried up and the business went under.
That is relative though. People who can afford a $10m house and rolls royces can claim they are staying humbled by owning a $2m house and driving land rovers, as well as sending kids to the public SDs instead of boarding schools. That's the NYC metro. You have lots of people living here who are so high in the upper strata such that what may appear to be "luxuries" elsewhere is a step down for them.
One thing I find interesting is that there are not many exotic cars seen on LI or in NYC for that matter, but you see TONS of them on the road in parts of California and Florida. Bumper to bumper on South Beach especially! Look at this place in the Miami/Ft. Lauderdale area:
I like my Hemi Dodge too much, a Range Rover would be a step down from it. Now the old Range Rovers or perhaps even an International Scout, real off road vehicles I would take one of them.
Range Rovers are known for problems sometimes. If you buy one used and intend to keep it for awhile, buy it from Carmax even though you could get one cheaper elsewhere (Carmax is overpriced for the most part). The reason is they have a great car warranty you can get where you only pay a $50 copay when ANYTHING goes wrong with the car.
PS: Maybe you'd like one of the old, very wide Humvees (that were actually like the military vehicles, not like the later models). This lawyer (Bruce Davis) who ran more TV commercials than the now bankrupt Binder & Binder, used to tool around in an orange one in the Hamptons, although it was too big for the lanes in many streets. Here's Bruce Davis (love the mustache; if I recall correctly, he was a cop before being a lawyer):
Most are public school teachers, school officials, MTA/LIRR workers, police officers.
Pretty much overpaid LI government officials who are lucky enough to know the right people who can get them into the job.
As if you didn't have exactly the same opportunities as those people. Maybe with teachers and the MTA, knowing people will get you in, but with the cops, knowing people doesn't help you until after you're on the job.
As if you didn't have exactly the same opportunities as those people. Maybe with teachers and the MTA, knowing people will get you in, but with the cops, knowing people doesn't help you until after you're on the job.
Connected applicants can sometimes get favors when the brass goes down the civil service test list, rejecting candidates until they get to the connected person's number.
buy it from Carmax even though you could get one cheaper elsewhere (Carmax is overpriced for the most part). The reason is they have a great car warranty you can get where you only pay a $50 copay when ANYTHING goes wrong with the car.
Does Carmax $50 warranty copay cover spare parts of their European-made vehicles that break down? Sounds like a good deal if you can replace a tire or sparkplug of an Audi Q5 or Volvo CX60 with only a $50 copay.
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