View other questions

Ask SAHM is a place where you can ask our staff & community a question safely & anonymously. Please read our disclaimer.

Does it annoy you when wealthy people say they are poor?

Answered 2 years ago

My in laws today mentioned how “poor” they currently are. They own a $1.5m home in a beautiful suburb. We cannot afford to buy our own home, no savings and i have nothing in my bank account. My family grew up in a poor suburb and i have actually seen truly poor people who have nothing. I felt like saying they have no idea what being poor is but i bit my tongue. It annoyed me. Anyone else agree?

Have an answer?

2000 characters left.

Answers

ANSWER
2 years ago
Rich people stay rich by acting like they're poor.

REPLY
2 years ago
My sister is rich because “ill pay you back later” ( but never does). “ oh you’re selling that?, I’ll have it” but doesn’t give you any money for it. Casually walks out of the restaurant ‘forgetting’ to pay her third of the meal knowing someone else will have to pay it. Forgets to get a present for your kids birthday but reminds you it’s her kids birthday coming up.

REPLY
2 years ago
Time to tell your sister where to go I think, and teach her a lesson. I wouldn't be buying her kid presents, and I sure wouldn't go out to dinner with her if that's how she carries on. Shes a user.

REPLY
2 years ago
Yep. I have three kids with birthdays in first half of the year. She didn’t get any of them a birthday present. Last week she invited me birthday shopping with her and her son for his birthday. I went. But I didn’t buy him anything. I could tell she was annoyed but she didn’t say anything.

REPLY
2 years ago
My sister has never bought anything for my kids, but reminds me about her kids birthdays weeks in advance! Or used to ask if I can drive her to the shops cos she's short on fuel, would put her stuff on the checkout and say she'd forgotten her wallet!
Happened one too many times, so now I don't visit her If I can help it, she just financially drains everyone

ANSWER
2 years ago
On paper when everyone sees my home etc and cars. People make assumptions but truth is although husband and I earn great money we have high expenses and there are times where it is “rough” but no body believes it. Right now to be honest I lay in bed most nights having anxiety and freaking out about what I’m going to do it my husband doesn’t stop his bullshit LEGO addiction... yep you heard right LEGO!!!!!

It’s so embarrassing, my entire garage is filled with LEGO! Everyone says oh there’s worse things he could be doing... yeah you’re right he could be cheating again but instead he spends every last cent on LEGO he won’t stop

REPLY
2 years ago
Lego addiction is still a spending addiction! Especially if it's money he doesn't really have to spend!

REPLY
2 years ago
Cheating AGAIN? 🤯 Get rid of him and take half his lego!

REPLY
2 years ago
Fucking someone else didn't make him happy so he tried lego instead

REPLY
2 years ago
As long as he's not fucking a Lego vagina....

REPLY
2 years ago
Maybe he’s got the hots for the cute chick on the Lego counter.

REPLY
2 years ago
Take a hammer to his lego collection lol

REPLY
2 years ago
Well , Lego is awesome. And maybe the time he uses to build stuff is a stress reliever for him.

ANSWER
2 years ago
Push a fiver into their pockets and whisper that they dont have to pay you back.

REPLY
2 years ago
Haha yes to this

ANSWER
2 years ago
People wouldn't think of us as poor, we own a brand new home, an investment property and two very expensive cars, we dress very well and have beautiful things but we're in crippling debt and living paycheck to paycheck, barely scraping through. You don't know what trouble people are really in when you're looking from the outside. My husband was actually suicidal over it and we've only just recently started to see a way out after a few years of hard slog to sort our shit out.
Instead of being offended you should take note, the grass isn't always greener.

REPLY
2 years ago
Would you consider selling the investment property?

REPLY
2 years ago
You chose to have crippling debt though!! - maybe to 'impress' people you probably don't even like....?

REPLY
2 years ago
Why not sell the expensive cars and reduce some of your crippling debit

REPLY
2 years ago
Get rid of the investment property, sell the cars, downsize the house... If your husband is suicidal then its time to make some changes...

REPLY
2 years ago
Finances are very stressful I agree, but from what you've listed here, there are things you can change to improve your situation so you have less financial stress!
Good luck to whatever choices you make though

REPLY
2 years ago
I wonder if I know you.
Knew a lady who had two investment properties and a unit they lived in, kids went to private school, overseas trips etc etc. But they were so depressed about their financial situation and were in such a hole. But changed the kids schools to a more elite expensive one and bought a Prado.
So, I guess they didn't learn. Meanwhile I'm over here being broke and low income but happy about life 😂

ANSWER
2 years ago
My husband and I both have 100k+ jobs. But we are what I consider cash poor. We have 25k in the bank at the moment, but I still consider us cash poor. To me that isn’t enough of a safety net and I am now working on increasing it. Like many others have said it’s all relative. Unless they are actually saying it to be rude and disrespectful towards you I wouldn’t worry about it, they are just expressing their feelings at the time.

REPLY
2 years ago
Oh cry me a river! You think 25k is poor? I have literally nothing in my bank account right now. You have no idea!

REPLY
2 years ago
I think it's more of a psychological thing for this lady. She needs a certain amount of money in the bank to feel safe & secure- like a warm blankie. There's a big difference between being poor & needing your security blanket of money.

REPLY
2 years ago
OP of original comment here - I never said I think we are poor, I said only having 25k makes me feel cash poor. I’m not sure you understand the difference and that’s okay. This is just my opinion. Like I said, unless someone is saying it to be disrespectful who really cares. Thank you to the above commenter.

REPLY
2 years ago
No worries ✌

REPLY
2 years ago
Maybe the OP feels cash poor, because 25K could be 3 months of living expenses, mortgage, loans, insurance, utilities, food etc if they find themselves out of work & between jobs. I bit more cash for emergencies is a great plan.

ANSWER
2 years ago
We are considered millionaires but we are cash poor at times. You cant always sell a piece of your house property when you need money.

REPLY
2 years ago
Then why buy a house that expensive in the first place?

REPLY
2 years ago
Sometimes you buy a house and it goes up in value so you have a huge amount of equity in your home yet you might have a low income. There'd be a lot of people in this position especially people that bought houses years ago and then the market boomed

ANSWER
2 years ago
I think that you inlaws are being a bit insensitive but I do feel that is all relative. Just because they have the $1.8 million dollar home doesn't mean that they aren't lying awake at night, anxious about how they are going to pay for it.

It's hard to say. My husband and I look like we have a lot of money because we own our home, have a business, good savings and have $100k + cars but we are on one wage of $70k, whereas my BIL who was on way more money almost lost his house when he lost his job.

I don't like this idea that people shouldn't compalin or talk about what is happening in their lives because there is someone who has it worse off. Yes there probably is, but if someone is struggling then they should be encouraged to talk about it. It is not a competition on who has it worse off.

ANSWER
2 years ago
Cash poor perhaps. But they shouldn’t whinge about it. If they want to have a sook they should downsize their home or sell their boat ( or whatever assets they can live without). I get sick of hearing it too.

REPLY
2 years ago
Exactly Gramps could sell his golf clubs or the second fridge they have in garage for drinks that constantly runs & has hardly anything in it but they want the material things more they have brought over the years more they want cash in the bank.

ANSWER
2 years ago
Everything is relative.

You are rich compared to street urchins in Asia.

REPLY
2 years ago
I agree that it's all relative. But street urchins? 😂
I enjoyed that. Like spikey bastards that poison you when you step on them 😂

I think you meant street merchants. But from now on, I'm going to think of them as spikey bastards.

REPLY
2 years ago
Not OP of comment... But street urchin is a universally well known term, meaning a poor child who lives in a slum area or is homeless in the street.

REPLY
2 years ago
I'm OP of comment and thank you to above replier- i definitely meant street urchin.

ANSWER
2 years ago
I earn 45k annually but sometimes I appear to have more money than people with 6 figure incomes. But I also don't have debt while they very well may do. Everything is relative. It seems insensitive sure. Especially when poverty is real. But financial struggles are hard on everyone, whether it's because they have debt and are bad with money. Or because they have no money to start with.

ANSWER
2 years ago
Yeah it pisses me off