7 spending tips from Frugal Billionaires

[hermes man]

Originally Posted by mkarim

Americans take the advise of the media in many important life matters, money, investing principles, relationships, marriage, kids, etc. The media manipulates the "advise" it gives to fit its own purpose. In this country, media is King.

Proper education of these matters should begin at home. Only after a solid grounding of these principles can a person "decode" what he/she hears from other sources is in his/her best interests or not. But then again, proper upbringing is (conveniently) discouraged by the media. The media brainwashes Americans into believing that having a brain is a liability.

thats why fox news still doing fine all this while

 

[Bull]

Originally Posted by patrickBOOTH

Touche

 

[ajv]

Originally Posted by patrickBOOTH

Born in the US (New York), educated all over the world.........and likes flashes (in every sense of the word)


Adrian

 

[Master Squirrel]

Originally Posted by Allen

You know... this is quite old so I'll give you the short version. But everybody knows what Bill Gates could buy: thousands of cars, small countries, the Moon, so on, but perhaps what he need to spend money on most is a new pair of glasses and some hair conditioner.
I am really pissed off by all those articles on the net and in financial magazines about "frugal" billionaires and how they live below their means and so on, but you know what I say? I say that's BS. Why in God's name would I want to have piles of money twice as big as Scrooge McDuck if I live below my means? I mean, I can look under my couch for change and eat peanut butter on bread without being rich.
pffff... frugal billionaires. I think they just want us to think they also have to make savings just so we don't throw tomatoes at them

As someone on the other end of the billionaire spectrum I often see the these yokel near-millionaires buy up all these damn toys that they never use, but waste time and money collecting them only to have them sit around and rot. There comes a certain point where you simply do not need more toys or luxury items. It also depends on the person, obsessive Warren Buffet is more interested in reading financial statistics than the latest billionaire "must haves". "Frugal billionaires" is a bunch of BS. Buying off the rack or getting a bespoke suit is not going to make a dent in your fortune.

 

[RSS]

Originally Posted by voxsartoria

3999
My thought precisely. Is there a return to AAAC in my future? I may need to brush-up on those Andy Dollars and how they are best spent.

I was told that my thinking was too liberal for AAAC ... and that it wasn't "polite" to be a limousine liberal. But now that I'm out of a major metropolitan area (for the most part) I've given up the driver for an old car of my own. Of course, I still do keep a "driver" and crew for the "boat." Now ... if I could get the neighbor to stop calling it the cruise ship ... perhaps the coastal commission would allow me to dredge the dock to allow for the draft ... and the local planning department would permit expanding the docking facilities needed to accommodate the length.

FYI ... I've fined tuned my post for the specifics of this thread.

 

[RSS]

Originally Posted by Bull

The beauty of America is that nobody teaches these poor rich kids what to do with their inheritances, and so they squander the **** out of it and end up less happy than they would have been if they never received a penny.
Bull...****!

You call 300 Savile Row commissioned pieces squandering? I call it investing in my sartorial future.

 

[patrickBOOTH]

Originally Posted by ajv

Born in the US (New York), educated all over the world.........and likes flashes (in every sense of the word)


Adrian

All except Style Forum.

 

[voxsartoria]

Originally Posted by RSS

FYI ... I've fined tuned my post for the specifics of this thread.

Originally Posted by RSS

You call 300 Savile Row commissioned pieces squandering? I call it investing in my sartorial future.

300 is pretty reasonable...still under one year's worth of clothes.


- B

 

[CharlesAlexander]

All the responses to this thread are dead on.

This is why I love the Style Forum.

 

[ohm]

Originally Posted by Bull

The beauty of America is that nobody teaches these poor rich kids what to do with their inheritances, and so they squander the **** out of it and end up less happy than they would have been if they never received a penny. My older sister had a friend at Brown who sued her parents for control of her trust and then spent it in a month. Repeat: in a month, with the help of a boyfriend who broke up with her not long after the honeymoon was over. Fancy that! Poor girl had nothing to show for it except parents that hated her guts and disinherited her from the fortune that awaited her upon their respective deaths. I don't know why, but I get an evil/sick pleasure out of this story. Not so much because of the misery the girl must have felt afterward (which makes me momentarily sad), but moreso because of the humorous side effects of our insanely materialistic, consumer-driven society. It's not like this in Europe, where rich kids know how to behave. American rich kids...always a spectacle.

That's a very long way of saying cocaine.

Originally Posted by voxsartoria

300 is pretty reasonable...still under one year's worth of clothes.


- B

Far less if you consider dressing for dinner every night.

 

[patrickBOOTH]

Originally Posted by ohm

Far less if you consider dressing for dinner every night.

I didn't even think of that! You're right!!!

 

[Bull]

Originally Posted by RSS

Bull...****!

You call 300 Savile Row commissioned pieces squandering? I call it investing in my sartorial future.

Is that you, Grayson?

 

[voxsartoria]

Originally Posted by CharlesAlexander

All the responses to this thread are dead on.

This is why I love the Style Forum.

When we're done figuring out how billionaires think, let's start dissecting the minds of great artists, including dead ones like Picasso and Eric Glennie.

Originally Posted by ohm

Far less if you consider dressing for dinner every night.

Originally Posted by patrickBOOTH

I didn't even think of that! You're right!!!

I don't think RSS counting his Siren Suits, you know, for gardening, throwing* pots, and beating the help.


- B


* This is millionaire-ese for "smoking."

 

[RSS]

Originally Posted by Bull

Is that you, Grayson?
No ... I've paid too many compliments to Richard Anderson.

Is that you FNB? In all honesty ... I miss him.

 

[RSS]

Originally Posted by voxsartoria

I don't think RSS counting his Siren Suits, you know, for gardening, throwing* pots, and beating the help.
You've been useing the telescope again!

Gardening: Old khaki's (with cuffs removed)
Throwing* pots: Huntsman smoking jacket
Beating the help: Leather ... black with steel studs

* Although ... we refer to that kind of smoking as "hybrid tomatoes." Well, that's what my gardner calls them when he updates me on the current crop.