Wednesday, December 14, 2011

The Faces of Rich

Ghetto Rich
Primarily invested in depreciating assets i.e. cars, clothes and jewelry.

Scenario 1:
Young woman receives 80k when her father passes away and blows every penny on clothes, high end purses and shoes. The mother criticizes her daughter; however quiet as its kept the mother acts in a similar fashion. The mother receives a substantial sum as well. She opted to donate her Grandam to charity, which is fine; however she turns around and almost in the same breath leaves her health care profession without notice(idiot move), purchases a BMW M3, then decides that wasn't enough so she purchases an additional vehicle. Only the current years Saleen Mustang, please note the sarcasm.  

Okay, some may feel this isn't too extravagant.  It is when you are living in section 8 housing.  The money spent on the vehicles which lost a bit of their value as she drove them off the lot could have served as a sweet down payment on a home.  Depending on the state it could have paid for the home in full.  Bam! Investment made! I will recognize this woman for paying off the bills she had in collections. However in the end she was unable to maintain the vehicles. Couldn't afford the maintenance much less gas. Not once was their a thought to set aside funds for a rainy day. No savings, no 401k....nothing. Just the notion of robbing Peter to pay Paul. A lot of us do that anyway. That's just what we do. Not only that she was no longer able to continue in the health care arena and is currently employed part-time at Walmart. The vehicles had to be sold and the proceeds used to pay off outstanding liens. 

Scenario2
The Entrepreneur also known as Hustle Man.
Hustle Man is doing big things. He walks around with the latest technology in his pocket but struggles to maintain active service.  Why? Because Hustle Man doesn't have a job! He'll tell you he's self employed and about to blow up! He's about to purchase a McDonald's franchise in an area that already has one every 2 miles. In an economy such as we have they have already started closing quite a few.

Hustle Man recently acquired 2-3 million dollars. This was a legit acquisition. He's decided he needs a house.  I agree. A home can be a sound investment. However why are you going to spend 1 million on a MONEY PIT? A home that needs repairs. Lots of repairs! You're trying to keep up with the 'Lil Wayne's, with ostentatious displays of your new found wealth. I can't give you the Jay Z status, because He is a Businessman. No where close to the Rockefeller, Vanderbilt, DuPont or the Rothschild families. Perhaps I should rank you with Mike Tyson, an entertaining fighter but not business savvy.

Nouveau Riche
Previously part of a lower socio economic rank

Scenario 3
The Goldsteins of America
Forgive me if the name strikes a nerve. It's the first name that came to mind for those that have worked for their wealth within the 20th-21st century. Those that have worked hard and knocked others out of the way in the process. Not caring about anyone but themselves. Feeling they are exempt from ALL normal policy and procedures and treating others like mere peasants. I can't even put you in the category of the Alec Baldwins, simmer down. 

Scenario 4
The man/woman who marries into 'Old Money'. Business savvy, picking up the tricks of the trade from the family adding their own ideas and methods creating quite the empire. Aware of the life struggles that we as humans go through and always willing to assist others, quite the humanitarian/philanthropist. The one that you encounter and have absolutely NO idea that they have billions.

Rich in Spirit
Those that make ends meet the majority of the time without complaints. Not needing anything and if they do, their faith in God carries them through. You have a roof over your head, food on the table and love in your heart. You do what you can within your power to help others.

Thursday, December 1, 2011

Friends v Frenemies

Do friends hurt relationships? 
Do friends have our best interest at heart?
In new relationships do we cast our FRIENDS aside to appease our NEW significant?

In my observations I have noticed, when two individuals are NEW in their relationship they tend to ignore outside elements further known as friends.  Is this proper? That may come with a 50/50 answer.  Some may find that there is nothing wrong with it; others may feel you should not alienate your friends.  I am inclined to not alienate the friend whether male or female.  True friends are in your life and heart no matter what. The friends were there first essentially and are an extension of you. Understanding, that should things progress with you and the significant, the significant will also then be a part of you. Said friend will also understand the need to place a limitation on the amount of time spent without any loss of identity on your behalf. 

Friends that have been around forever so to speak may genuinely care; however you may find an interest that far surpasses that of a Platonic relationship. When that is discovered are you prepared to handle it? You may also find the long time friend trying to advise you of what's right and wrong in your NEW relationship based upon their past experiences.  Would this information be noteworthy? Food for thought.  It's possible it may be noteworthy; however everyone's reactions to actions are different. That friend's adverse experience could be the very thing that makes your toes curl placing you on cloud nine and that wonderful feeling of ecstasy your friend experienced, may be the very thing that makes you want to regurgitate.

The long time friend crossing the Platonic Relationship Boundaries could have very well been a great friend, that turns(ed) lethal.  Should your time be consumed with your significant other and you alienate the long term friend you may find when you finally reach out to them, you're in hostile territory.  Your friend has been hurt and may blatantly try to destroy your relationship if allowed.  It's juvenile I know, but it happens. We must keep in mind the friends heart typically wants what the heart wants.  Over ruling what is essentially right.   

In a nutshell, Yes, friends can and do hurt relationships if we are not careful, even if we know in our heart of hearts that they have our best interest in mind.  When the boundaries are crossed and the hurt occurs our friend becomes our frenemy.