June 10, 2021,
If something goes without saying, in polite company, should you say it anyway?
Right now, we are going to say this in the most polite voice possible.
San Francisco is home to a lot of people with money. Lots of money. More money than some of us can count. Some make more money in one day than many of us will earn or spend in a lifetime.
They live in really nice houses in neighborhoods that some of us will never even walk through.
How do you feel about that?
Probably depends upon if you have a tech load of money yourself.
As reported at robbreport.com, “A staggering one out of every 11,600 people in San Francisco is now a billionaire, according to a new report from Wealth-X. That means that the City by the Bay now boasts the highest density of 10-figured folks in the world—with a total of 75 billionaire residents.”
Was our tone polite enough?
We bring this subject up because we know of a friend in our circle who is about to inherit quite a bit of money.
For our purposes here, we’ll call her Cindy.
You would think that Cindy would be super happy because her net worth is about to change by about 75 percent. And you know what?
She is happy. Sort of. Why sort of?
Cindy also feels a burden.
She is single and she wants her nieces and nephews to inherit much of the money.
Cindy has a nice life. Some might even call it great. She owns her condo outright. Yes, she has no rent or mortgage and she lives here in Nor Cal. Our friend also loves her job.
Sounds perfect to us.
By the way, is it okay to say in polite company that we think Cindy is really good looking?
Are you okay with that?
We are.
She’s really good looking.
Did we already say that?
And more important? She is a person of high principle. That is why she’s not thinking of twenty ways to spend all of the money on herself or go drinking with her gal pals. She wants to make sure her nieces and nephews have money set aside for their college education.
We admire that.
So what’s the problem?
Cindy feels she needs help from family to help her set up a living trust. Most of the help she desires is in concept. She has told us privately, and we completely agree, her main concern is people’s absolute predatory behavior when it comes to money.
Even the nicest people can turn into very clever predators to stake their claim. With a smile.
We’ve certainly had our own experiences at FCI.
A male associate lost $200,000 and three houses in part because of the predatory nature of family, friends and an associate, when they found out he had some money. Ultimately we reminded him that even though they may have taken advantage of him, he was the one that allowed them to do so.
True, he acknowledged our point with a tight smile (mad as heck at us for saying that).
Having said that, it doesn’t change the fact that people are very predatory. His foolish behavior has nothing to do with that analysis. A person with a large sum of money could behave foolishly in front of him as well and he wouldn’t take a dime, He would help them instead. Preying upon others is a badge of shame. It means you are so pathetic at making money that, in your mind, the only way you can make it is to steal from others.
Point taken.
Which brings us to the subject of money and part of Cindy’s challenge.
We don’t feel that money corrupts people. We feel that the people who prey upon others to get their money are already corrupt.
Our male associate is not corrupt. Never was.
Cindy doesn’t agree.
It is her experience, here in wealthy Nor Cal, that she actually knows a number of people where the acquisition of wealth completely changed their personalities and not in a good way.
Her concern with her nieces and nephews is that, while she wants them to have a leg up in life and have a greater chance of survival in a very predatory human world, she doesn’t want the money to poison and corrupt who they are. She doesn’t want them to grow up being spoiled brats who booze and party while others are starving.
Does that make sense?
So, she has decided to meet with her siblings to discuss this subject and get their ideas.
Cindy? We feel that is a nice problem to have. We do understand her plight and are not making light of it.
According to bbc.com, “Humans' status as a unique super-predator is laid bare in a new study published in Science magazine. The analysis of global data details the ruthlessness of our hunting practices and the impacts we have on prey.”
They are speaking of prey that walk on four legs.
The prey we have in mind walk upon two.
Can a person have an abundance of wealth and not become corrupted by it?
Yes, we’ve heard of people who give and form charitable organizations but we sense we are not hearing the full story.
Our male friend attended his 40 year high school reunion and after most had departed, he and a small group sat together and had one of those once in a lifetime chats.
One attractive female in the group spoke about how she still believes in love and though recently divorced from her husband, she feels that she can find love again.
Our associate didn’t remotely agree. He felt that love in the later adult world just doesn’t exist. People find you more attractive based upon your assets and station in life. That has nothing to do with love. In her case she lives in a gated community (probably had a great divorce lawyer).
So, is she saying she can fall in love with an Auto Mechanic? A Greeter at a four star hotel? A Manager at Taco Bell?
He didn’t think so.
How much money the male suitor has will no doubt be a factor. That has nothing to do with love.
We all need money. But how much? That of course depends upon the person.
In our very real tale here, are Cindy’s young relatives better off to have to hustle and grind for every penny they have as they grow up are be less driven because they know there is a trust fund waiting for them at the end of their teenage rainbow?
Our male associate did hustle and grind for his money as a teen. He worked fulltime since he was twelve years old. Literally. He paid for his own college education. As a result of that hard work ethic, even though ten years ago he lost substantially, today he has no rent or mortgage and is also weighing in on how to leave his grandchildren assets without spoiling or corrupting them.
Despite how you may view this, with a little bit of sarcasm, we feel this actually is at times a catch 22 plight. Make no mistake about it, a nice plight but a plight none the less.
Are people who financially prey upon others already corrupt or is this behavior who we are as human beings and it natural for us to do so?
By leaving assets to young people, that they did not earn themselves, will that be a major corrupting factor?
Honestly, we don’t really know the answer.
Strange, but we sense it is not a bad thing nor a great thing either. Balance is the key.
Time for another long fireside chat with friends who don’t have a financial stake in the conversation.
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OPENING PHOTO fciwomenswrestling.com femcompetitor.com, fcielitecompetitor.com Anastasia-Shuraeva-pexels.com-photo-credit.
https://robbreport.com/lifestyle/news/san-francisco-most-billionares-per-capita-2850280/
https://www.bbc.com/news/science-environment-34011026