Posted on 09/14/2020 3:32:09 PM PDT by nickcarraway
Being extremely wealthy isn’t the carefree, champagne-soaked free-for-all you might imagine it to be — at least according to Jennifer Risher.
She and her husband, David, earned tens of millions of dollars in the tech world before the ages of 35, and suddenly found themselves in an elite tax bracket without a manual on how to navigate the potential pitfalls of isolation and strained social relationships.
“We see wealth from a really narrow perspective: the glitz, the glamour and the greed, but we don’t see the reality,” Risher, 55, told The Post. “Money is a taboo subject, but it really shouldn’t be.”
(Excerpt) Read more at nypost.com ...
I have an aunt that is a big-time horse nut.
You speak much truth.
Thanks for serving...:). Always respected you guys...
In the Navy, if you weren’t married, you weren’t allowed to get the food allowance instead of a chow hall pass until you were E-4. Well, when I got to E4, I just couldn’t resist buying some damn thing for my first car I ever bought, and...came to grief on the rocks of having no chow hall pass and being broke!
I know. Completely stupid. But...I always had to learn some things the hard way.
When I got out, I went to college using the GI Bill (I was one of the LAST ones to get the old style way back when) and my folks let me live at home. I went to a State College, and always had a job working nights and weekends...so I was never completely broke, but never rich, either!
I credit my wife for teaching me how to save. I could do it, but...it was never easy for me. Once I married her, it became MUCH easier...:)
Now this is what entitlement looks like.
Totally tone deaf when so many people struggle with real issues.
Back in the 1970s there was a fantastic article by Ben Stein called “Living on Half a Million a Year.” Remember back then, a half-million dollars was a TON. Anyway, Stein described how his life instantly changed, how they had three houses-—one in Malibu, one in Aspen, and one in Hollywood, all going 24/7 with gardeners, cable or whatever they had then, housekeepers. He had flower bills of $11,000 a MONTH.
“You don’t know the meaning of fear til you’ve had a margin call from your broker at 3 a.m.”
Doesn't sound like a lot today but back then, it was about enough to pay the tuition at a typical State College for four years.
Well you could only use that $8,100 over four years so I took my lump sum of $2,700 in cash and used it for a Technical School that I took at night while I worked during the day. Was a good decision. Got my certificate in Electronics and Basic Computing and that got me a foot in the door in the high tech industry just as it was starting to take off back in the mid 1980s.
Amen brother.
In my industry I deal with very wealthy people frequently. 8 figure yearly at least. I do sympathise with the social isolation they will endure. The wealthy I deal with are very stand offish at first and it’s no wonder people think they are jerks. No. Most, if not all, are friendly great people. The problem is, everytime they turn around someone has their hand out begging for money or looking for money for “a great investment idea I have.” EVeryone that was friends and their family suddenly turns in to a beggar that just wants a whiff of the cash.
But if they can’t endure.... I’ll be happy to take it off their hands. I’m a misanthrope anyway.
I told my fiancee, no matter HOW wealthy we ever get (we didn’t), no horses, no boats.
I’m a thousand-acre, and life is good. Wanna trade net worths?
Danged autocorrect.
Hey...that’s a good deal no matter how you cut it.
Your story sounds familiar-I knew a few guys who did nearly the same thing you did.
I was glad I had the old one-in that day, I don’t think I could have been enticed to put the money into the VEAP pot...I was too immature in that respect.
I love hearing stories about people using the GI Bill-I think that is some of the best money the government ever spent.
If I were to counsel them, my 1st question would be; “Do you tithe?” Whether one gives to religious or secular, it is “giving back” and a comfort that is unknown to the selfish or greedy.
It really is amazing how enjoyable that gifting is for me. And one of my favorites is Hillsdale College, still building to a full year endowed scholarship!
Let me have access to your bank account for 24 hrs so I can knows what you experience.
One word of advice on the aircraft: Lease
PCH NEVER calls winners. They like catching the surprised looks of the winners when the knock on the door comes.
I got a good chuckle over the call. Used my cell phone to dial the number called from. They called back to my cell phone urging me to call them quickly! Check out PCH scams on search. The PCH people never call winners before showing up at their door.
Love this! So true.
“Maybe somebody should enlighten them that they may find fulfillment through service to their fellow man.”
Kind of ironic that those who preach self-sufficiency are willing to change the tune when it comes to having others give of themselves - like spreading the wealth - while being unwilling to do things like hit certain links...
Anyone who envisioned these folks - and others with lots of money, handing some over to them, might consider supporting an actual good cause: https://freerepublic.com/donate/
The problems are the same, they just have more zeros before the decimal point.
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