Apparently I'm considered "Rich" or "Loaded"...

Discussion in 'Coffee Lounge' started by beachy, 2nd Jun, 2015.

  1. sash

    sash Member

    Joined:
    10th Feb, 2003
    Messages:
    3,581
    Location:
    North Shore, Sydney
    Hey at least you are honest.....I 100% agree with what you are saying.....the perceptions thing is huge in Sydney....where you are judged at every corner....

    Love the story below.....it reminds of some of the total toss pots I have run into in the past. Some of the guys I work with are like that also....mortgaged to the hilt....and fancy 100k+ plus cars. ..2 kids in private schools costing 30k....mortgage of $1m+.....living in a $1.5-$2m home. To the outside the are the epitomy of success in corporate Australia. Most have incomes of 350-500k.

    Look deeper and the stress from their job and juggling their finances is killing them!:eek:

    Looks like you have decided to sell your PPOR...good on you to making a firm decision to move forward....:D

     
  2. gottabespotless

    gottabespotless Member

    Joined:
    25th Jan, 2011
    Messages:
    630
    Location:
    Australia
    Yes. It works the other way too.

    I work a retail job - commonly associated with very low pay. I'm sure most of the customers I serve assume me to be living pay cheque to pay cheque; living on a can of spaghetti and struggling to pay off a second-hand car loan, such is the stereotype of someone working a low-skilled job.

    The reality is that, although by no means rich, hubby and I are comfortable financially yet I believe that wearing my work uniform to open houses and saying what I do for a job has helped us when negotiating with agents when purchasing property - 'we can't afford to make a better offer...' I doubt the Maserati driver with his big salary job would be as successful at convincing the agent of the same.

    Yes, perceptions - use them to your advantage. :)
     
  3. Scott No Mates

    Scott No Mates ...and people wonder why?

    Joined:
    25th Jun, 2011
    Messages:
    5,391
    Media:
    144
    Location:
    Sydney - LNS
    I have known people who have returned a new roller as it didn't fit in the driveway. They settled for a Merc.

    So checking out the driveway and garage is just one more tick on the due diligence and something else that the agent has to work with when negotiating.
     
  4. lizzie

    lizzie when i grow up ...

    Joined:
    13th Sep, 2004
    Messages:
    11,736
    Media:
    2
    Location:
    back in the painting clothes
    awwwww - that must make me on the outer outer circle of "best friends" ... but honestly ... I don't care how many properties you have - and I assume you feel the same way.

    It's about the friendship and life itself - not a comparison or bragging game

    These are the sort of people the OP (and other investors) need to find as friends ... those that are interested in what you are doing in life - not what you own/owe
     
  5. skater

    skater Capitalist

    Joined:
    8th Nov, 2003
    Messages:
    9,220
    Media:
    1
    Location:
    Sydney
    That is exactly right!
     
  6. evisional

    evisional Member

    Joined:
    2nd Nov, 2007
    Messages:
    434
    Location:
    Melbourne
    I believe that Beachy tried to discuss about 'other people perception'. He did not mean show-off his wealth. He does not consider him as 'rich'. Posters should read through all his posts and clarification.
     
    Last edited: 11th Jun, 2015
  7. sash

    sash Member

    Joined:
    10th Feb, 2003
    Messages:
    3,581
    Location:
    North Shore, Sydney
    Thats how I took it also......perceptions of wealthy by other was the discussion point...

     
  8. rugrat

    rugrat Member

    Joined:
    16th Mar, 2009
    Messages:
    1,846
    Location:
    ACT
    It's funny, but the older I get, and the larger our household income gets, the higher the threshold for 'rich' rises in my mind. I've done 'dirt poor' and now I've well and truly exceeded my old ideas of rich. I certainly don't feel like I am though. But its becoming easy to see why the pollies lose touch with the average joe. Its a bit like childbirth. You forget most of the pain, and what you remember is only fuzzy memories.
     
  9. LoneWolf

    LoneWolf Winter is coming....

    Joined:
    3rd Jan, 2013
    Messages:
    1,022
    Media:
    2
    Location:
    King's Landing
    As someone has once suggeted to me, what does it matter what other's think of you, because it does not matter

    Just be grateful of what you have, that's what i do
     
  10. dabbler

    dabbler Member

    Joined:
    18th Sep, 2014
    Messages:
    60
    Location:
    sideney
    Many people are by and large stupid.

    Frankly, my advise would be do not reveal to anyone who does not need to know, the state of your affairs or business.

    PS I remember a person whom I considered a friend when I was young, who was trying to get in a fist fight with me cutting to the chase, his reason for wanting to fight was that I was "rich" due to where I lived, what this knitwit did not know, is, he had more than me, if I needed money for something I had to work, or borrow and pay back to parents......his family paid for his car ! I worked for mine.
     
  11. WilliamB

    WilliamB Member

    Joined:
    15th Apr, 2013
    Messages:
    225
    Location:
    Brisbane
    Oh absolutely, I meant that purely generically.

    Yep, I remember years ago at a Brad Sugars presentation he was talking about how, even though he drove an S-something merc tank, he bought a hilux and always used to go to property inspections/deals in that because of how he believed he was perceived. That always stuck with me.

    I also have a couple of mates that buy far cheaper cars than they would like, because of how they believe their clients would perceive them, so they don't trigger the "am I paying you too much" query :D

    It's a funny old world sometimes.
     
  12. MIW

    MIW Member

    Joined:
    16th Oct, 2011
    Messages:
    927
    Location:
    North Shore, Sydney NSW
    Yes I have similar story to tell, the next door neighbour, a celebrity sports person, has private business, is on TV from time to time, yet rents the place. Kids are in private schools, they drive expensive cars, wife travels frequently with friends, they have a bookkeeper, a cleaner, a gardener, yet the kids tell me they cannot afford to buy the place and cannot own a pet...
    On the other hand I have few extremely wealthy friends, and yet there's nothing to show off.....great, beautiful and kind people they are.
    So I suppose that's the life we live in now, but I always say to my family and friends, they either take me or like me as I come as I do not plan to change for anyone, we are only people after all.:)
     
  13. BayView

    BayView Member

    Joined:
    2nd Feb, 2007
    Messages:
    12,129
    Media:
    9
    Location:
    Mornington Peninsula
    One of my friends has been the Club Pro at a well-to-do private Golf Club for 20 odd years.

    He has bought the same car - silver Ford Falcon every time the car was up for renewal, just so the Members of the Club don't notice he has a new car, and so they don't take that attitude towards him.

    The joke is though; he doesn't earn all that much...maybe between $80K and $100k per year. Most of his Members would earn at least that and quite a few earn well above that.

    Not a lot for the hours he works and the responsibility....yet it's OK for a doctor etc to drive around in top-end cars and we don't seem to begrudge them for it (at least; I don't).
     
    Last edited: 16th Jun, 2015
  14. dabbler

    dabbler Member

    Joined:
    18th Sep, 2014
    Messages:
    60
    Location:
    sideney
    Just fell over this...lol

    [​IMG]
     
  15. willair

    willair xx

    Joined:
    23rd Jan, 2003
    Messages:
    6,850
    Media:
    3
    Location:
    fibro humpy..
    After looking at that,you would never be late for work after waking up beside someone like that..
     
    wobbycarly likes this.
  16. attrill

    attrill Member

    Joined:
    3rd Dec, 2007
    Messages:
    348
    Location:
    Perth WA
    Rich, poor, it's all relative.

    If you want to feel rich, go and hang out in a third world country. If you want to feel poor, go and hang out with Gina Rinehart. (if you could)

    :)

    just a thought..
     
  17. JDP1

    JDP1 Member

    Joined:
    29th Mar, 2011
    Messages:
    231
    Location:
    brisbane
    OP- the Ss forum is closing soon. Before it closes, can you give us an update on the progress you have made?
     
  18. beachy

    beachy Beachy

    Joined:
    31st Jul, 2012
    Messages:
    100
    Media:
    1
    Location:
    SUNNY QLD
    Still same ol, same ol...all good.

    Shame about the site finishing...sent a message to Ian Somers thanking him and Jan for a great job done in creating the best property forum in Australia, and actually received a thank you back, so I felt quite chuffed by that.