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Originally posted by adigregorio
Oh, I see! I am not supposed to be insulted at the arrogance presented by this article? I am not supposed to see the same behavior traits in many of the ultra rich, and even if I do see those traits I must again be un-insulted?
Andrew Schiff was sitting in a traffic jam in California this month after giving a speech at an investment conference about gold. He turned off the satellite radio, got out of the car and screamed a profanity.
“I’m not Zen at all, and when I’m freaking out about the situation, where I’m stuck like a rat in a trap on a highway with no way to get out, it’s very hard,” Schiff, director of marketing for broker-dealer Euro Pacific Capital Inc., said in an interview.
Schiff, 46, is facing another kind of jam this year: Paid a lower bonus, he said the $350,000 he earns, enough to put him in the country’s top 1 percent by income, doesn’t cover his family’s private-school tuition, a Kent, Connecticut, summer rental and the upgrade they would like from their 1,200-square- foot Brooklyn duplex.
“I feel stuck,” Schiff said. “The New York that I wanted to have is still just beyond my reach.”
He described a feeling of “malaise” and a “paralysis that does not allow one to believe that generally things are going to get better,” listing geopolitical hot spots such as Iran and low interest rates that have been “artificially manipulated” by the Federal Reserve.
“I can’t imagine what I’m going to do,” Schiff said. “I’m crammed into 1,200 square feet. I don’t have a dishwasher. We do all our dishes by hand.”
He wants 1,800 square feet -- “a room for each kid, three bedrooms, maybe four,” he said. “Imagine four bedrooms. You have the luxury of a guest room, how crazy is that?”
Earlier this month, a friend invited him on a trip to Mardi Gras in New Orleans. The friend was going to be a judge in a wet T-shirt contest, Kullberg said. He turned down the offer.
It wouldn’t have been “the most financially prudent thing to do,” he said. “I’m not totally sure about what I’m going to get paid this year, how I’m going to be doing.”
He thinks more about the long term, he said, and plans to buy a foreclosed two-bedroom house in Charlotte, North Carolina, for $50,000 next month.
To contact the reporter on this story: Max Abelson in New York at firstname.lastname@example.org.
To contact the editor responsible for this story: David Scheer at email@example.com.
Originally posted by DoNotForgetMe
Once money is replaced with the cell phone app (according to CNN news ticker yesterday) it will not matter. Society will change this year whether it be due to weather, asteroid, war or economy crash, soon enough social status will be worth spit. The table always turns.
Posted Via ATS Mobile: m.abovetopsecret.com
If they think I live off of cat food, they think they are better than me. If they think I can't understand their "problems" they think they are better than me.
Again, why do you (others too) think that I want recompense just because of their social status? Correlation does not equal causation, I dislike them because these people think they are more than me.
This is apparent from this article, and many others that have been posted in these boards. If the people are so righteous, when the poop hits the fan they will be fighting on the same side as me. (Front lines, remember?)
[Either way, if you agree with how they treat the "peasants" I can only assume either 1) You are not a "peasant", or 2) You just want to rile up the conversation
Originally posted by skuly
I did check if it was april the 1st before posting this.
People who don't have money don't understand the stress, said Alan Dlugash, a partner at accounting firm Marks Paneth & Shron LLP in New York who specializes in financial planning for the wealthy. Could you imagine what it's like to say I got three kids in private school, I have to think about pulling them out? How do you do that?
Alan is a partner at accounting firm Marks Paneth & Shron LLP in New York who specializes in financial planning for the wealthy and for some reason i thinks the poor eat cat food.
Some have even been forced to shop for discount Salmon. How could people who enjoy cat food ever understand that kind of humiliation? If someone doesn’t halt this death spiral soon they may have to settle for Microsoft products (which even poor people hate).
Here a link to his Facebook page to see what he looks like.
Now i would live well on £20k pay a year but this man got more money than sense
just look at where the wall street people spend thay money on.
Scheiner said he spends about $500 a month to park one of his two Audis in a garage and at least $7,500 a year each for memberships at the Trump National Golf Club in Westchester and a gun club in upstate New York. A labradoodle named Zelda and a rescued bichon frise, Duke, cost $17,000 a year, including food, health care, boarding and a daily dog-walker who charges $17 each per outing, he said.
How can this lot be in finance when they cant even control they own spending.
edit on 1/3/2012 by skuly because: (no reason given)