- Is it possible to be too rich?

Reminds me of a stupid Facebook status from one of my "friends"

Facebook muppet said:
Imagine there's a bank account that credits your account each morning with £86,400. Every evening the bank deletes whatever you failed to use during the day. What would you do? Draw out every penny, of course? Each of us has such a bank. It's name is TIME. Every morning, it credits you with 86,400 seconds. Every night it writes off as lost whatever of this you have failed to invest to a good purpose. It carries over no balance. It allows no overdraft. Each day it opens a new account for you. Each night it burns the remains of the day. If you fail to use the day's deposits, the loss is yours. There is no drawing against "tomorrow." You must live in the present on today's deposits. Invest it so as to get from it the utmost in health, happiness and success! The clock is running!! Make the most of today.
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Pass the sick bucket!
 
Vtec9k said:
Except you're sort of wrong, guys are earning £50k+ doing even the most basic jobs with more specialized jobs earning £100k-£150k+ easily. Do you have a source about them not receiving bonuses? I work in the oil & gas industry and seeing the "bonus month" cars some drillers turn up with I suspect their counterparts down under get very healthy bonuses as well!

There's a reason Perth is such an expensive place to live and a lot of it is because of the mining boom they've had recently. So to talk about poor oppressed workers is very misleading.
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Beat me to it! I love it when people going on a rant about money choose totally the wrong example, sometimes it sums up their point nicely, well at least the opposite of their point...:D

A graduate mining Geologist down under can easily start on £60k... Not exactly poor really...
 
InKursion said:
I'm talking about the people at the top of these corporations, not the skilled engineers and industry people who are highly-educated (and should be paid accordingly). I don't think the CEO's and senior business people really 'earn' their huge salaries. I can't speak for every employer and whether or not bonuses are given, but the point is that the amount of hard-labour a miner puts in compared to the amount of work a CEO is not comparable in terms of salary difference.
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So if a technical guy with 20 years experience ends up on £200k + bonuses you expect his manager to be on more than that right? Then his manager to be on more than that? Then his director to be on more than that?

If people started getting pay cuts as they move up the chain there wouldn't be much moving up the chain...

A CEO of a multi billion $ company who has employees several rungs under him kinda needs to be on more than them. That is before we discuss relative experience, ability and working hours. Most technical staff will work their 9-5 and leave. I bet that CEO (actually I know that my CEO) doesn't do that, they spend hours extra over the 9-5 working.

A miner may put in more physical work but then a CEO of the company may put in significantly more hours and mental effort.

EDIT: This is coming from a technical monkey. I currently wouldn't want to do the hours my managers do...
 
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InKursion said:
Are you crazy? How would you spend $300 billion?

The CEO of Amazon just bought an entire island of Hawaii for himself - the 5th or 6th largest one I believe. It cost him $600 million. About 2% of his total worth. How the hell would you spend $300 billion in a "few years". Do you have any concept of just how much money that is?
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I wonder how much it would cost to actually buy that island?

I.e. from the US, rather than just own a bit of land in the US.

Leader of your own little island nation in the Pacific would be nice. "I pronounce myself King Palmtree!"
 
For me, I'd worry that if I won the lottery (like huuuuge win) I'd lose the drive to earn money and it would mean less to me when I do things/buy things that cost money. Sometimes things feel better when you've earned it and worked for it.
 
jaybee said:
For me, I'd worry that if I won the lottery (like huuuuge win) I'd lose the drive to earn money and it would mean less to me when I do things/buy things that cost money. Sometimes things feel better when you've earned it and worked for it.
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I would have no such worry at all jaybee, due to allocating my huge win in to most ethical bank accounts. There my money would work hard 24/7. Harder than most hard working human.

That feeling of having my money work extra hard wold make me relax on my 100 foot yacht in the bahamas. Enjoying my Tutankhamen beer served by hottest bikini girls that would also be my girl friends.

I am great, my girlfriend tells me. I agree.
 
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Pretty sure it's very easy to be too rich.

For any of you in this what I can only deem as nightmare situation I am willing to help you out with a way to get rid of your excess cash!

Click the Trust button below to be sent details on where to send your unwanted cash, It will be checked for cleanliness then put to a good use.

;)
 
~Divine~Wind~ said:
Pretty sure it's very easy to be too rich.

For any of you in this what I can only deem as nightmare situation I am willing to help you out with a way to get rid of your excess cash!

Click the Trust button below to be sent details on where to send your unwanted cash, It will be checked for cleanliness then put to a good use.

;)
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+1 to all the people who have spare cash. Please send it to me I will do you the honor of getting rid of it for you in a good way. I am always open to receiving money and material goods. Thats how brave I am.
 
arekgreenman888 said:
InKursion this is a completely new concept to me "Veblen_good.". I cannot believe that people are in such a way to compete with others just in terms of price. This gives a whole new meaning to the word 'waste', 'puring money down the toilet.'

But I am not afraid to ask for girl friend like Tamara Esc...

Amazing.
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The concept of conspicuous consumption has really never occurred to you? Why do you think people aspire to own a Ferrari or a Rolls Royce? Because they are going to get a practical benefit from having a high-power car on their commute down the M5 to work, or whilst popping out to get some milk? People buy these things because it says something about their wealth, status and perceived power: penis-extensions of the most basic, primal, show-off-and-display kind. It's the human equivalent of a peacock showing his feathers.

And what about the sad middle-management goons from Slough that go out to their local West-End night-spot every Saturday, sit in a private paid-for booth and order expensive brand vodkas? Are they drink connoisseurs? Vodka experts? Or perhaps it's the fact they want to be seen dressed in certain branded-clothing, drinking certain expensively-priced drinks. Perhaps they think it will make them seem more wealthy - and hence more attractive - to members of the opposite sex.

Conspicuous consumption is one of the driving engines of our consumerist society. "Keeping up with the Joneses".
 
InKursion said:
And what about the sad middle-management goons from Slough that go out to their local West-End night-spot every Saturday, sit in a private paid-for booth and order expensive brand vodkas? Are they drink connoisseurs? Vodka experts? Or perhaps it's the fact they want to be seen dressed in certain branded-clothing, drinking certain expensively-priced drinks. Perhaps they think it will make them seem more wealthy - and hence more attractive - to members of the SAME sex.
".
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completely stupid if you ask me but this has basicaly summed up my brother although one minor correction lol

he is stupid he works in a bloody hotel changing bed sheets but still buys a 700 quid rat dog to look 'cool'

buys a car on finance when he cant even put money on the gas and electric meter

among other things but i cannot be bothered to rant any longer
 
sketchytom said:
completely stupid if you ask me but this has basicaly summed up my brother although one minor correction lol

he is stupid he works in a bloody hotel changing bed sheets but still buys a 700 quid rat dog to look 'cool'

buys a car on finance when he cant even put money on the gas and electric meter

among other things but i cannot be bothered to rant any longer
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Even if I had over 88 billion $ i would not do as your brother. I am much smarter than that. I am way more thrifty. The most expensive car I would ever buy is aston martin One. To me that is epitome of riches.

I will certainly not flounder my riches on silly things like this gold plated hover:

http://www.luxurylaunches.com/gadge...is_the_worlds_most_expensive_at_1_million.php
 
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