i didnt say all rich people are not flashy
i said SMART PEOPLE dont waste their cash so dont flash it around and instead invest it
elon musk is not cash rich, he is paper rich. he is on paper a near trillionaire so his house was ~0.0072% of his wealth
for him $72m is not flashy nor getting him in debt
this topic is about the OP thinking that his professor is poor due to driving an old car.. yet logic, math and economics show that you cant base someones wealth on their car/house.. as many people might be owning that home/car on some DEBT agreement to appear flashy.. but have costs that bite into their income deeply..
where as smart people would buy cars/homes in full using a small amount of income(that is the professor and even elon)
hardly anyone buys a lambo out-right using a suitcase of cash or a debit card, the majority(stats) finance their cars when getting them new from dealerships.. so dont assume in the rare case of the super rich paying small percentage to buy things, to then assume the working/middleclass are super rich because they have a flashy car(which majority of cases is on finance)
and like i said dont assume a professors of a university is poor/earning min wage because he has a tweed jacket and a old car
That is almost all the rich people I know, because they realize that every single dollar they spend, could be spent on growing their wealth and business. Imagine this, consider you have a big company, and you can hire people for 50k a year, or you could buy a 1 million dollar superlux car, would you rather get 20 people working for you for a year, or would you rather get that car?
I would definitely get the people. I think it is quite important to consider that we are going to get a lot of smart and rich people picking the same thing as well. This is why it is not about rich or poor, stupid people spend their money on things they do not need, and smart people prefer to spend their money on things that will make the more money.
yep, exactly
on another note about OP observations
i once(before i settled down) seen a woman at a bar on a first date. she was an obvious gold digger, and she just bluntly asked how much was in my bank account.
i literally laughed..
.. firstly she was playing low ball games and obviously new to gold digging/dating..
i knew things wouldnt go further with her as i was not interested in gold digging, so i friendzoned her that second and gave her some advice
(we still talk occasionally, and she has upped her game since, and found her sugar daddy)
"when your dating someone, and assessing if they is rich. dont look at the car they drive or clothes they wear as they could have rented a car/suit to impress you for a one night stand but be broke at the end of the month, those people are called 'players'. and dont ask about bank account balance.. majority of rich people keep their wealth in investments, not their debit card account, they only keep a couple months of living in a debit card, max. so instead no matter what they wear or drive, just ask them if they invest much.. as thats a sign they have more money than the average guy that lives pay-cheque to pay-cheque"
i gave her a few other tips to gauge a guys wealth in a more stealthy way without bluntly sounding like a gold digger (without asking/interrogating for exact numbers)
anyway back to the topic title
as i said before
labour roles do come with a tiered ranking of income
a college janitor gets paid less than a TA/RA a TA/RA gets paid less than a college receptionist/admin, a admin gets paid less than a professor.. so the professor is on more then the OP thinks