Cheapskate Millionaires: Why Are Most Rich People So Damn Cheap?
Jamison Ernest
Co-founder/Co-Ceo/Chief Creative Officer/General Partner at Blue Scorpion Investments at Blue Scorpion Investments, L.P.
Cheapskate Millionaires: Why Are Most Rich People So Damn Cheap?
(I have so much to say on this topic and i'm going to do a lot more updates to this article, sharing real life funny experiences that i've encountered with this breed of individual through out my life so keep checking back in on this one)
Is it wrong to find it pathetic that this is an age-old question that has plagued us mere mortals for eons: Why are most rich people so damn cheap?
As someone who has had the pleasure (or perhaps the dis-pleasure depending where, when and with who) of rubbing elbows with the worlds uber-wealthy, I can attest to the fact that many of them are indeed the cheapest of the cheap. And I'm not just talking about the ones who made their fortunes through penny-pinching and frugality. No, even the ones who inherited their wealth for doing nothing except being part of the lucky sperm club and have more money than they know what to do with are still the cheapest bastardos when it comes to spending their cash on anyone but themselves.
(The trust fund Daddys boys from Italy are some of the worst of their kind)
It's a paradox, really. They'll drop millions on a private jet, a Basquait or a luxury yacht without blinking an eye, but when it comes to tipping the valet or treating their friends to dinner, suddenly their wallets are vacuum sealed shut.
But why? Why would someone who has more money than they could ever spend be so unwilling to part with it? Why would they be so CHEAP?
The answer, my friends, is simple: GREED.
You see, the ultra-wealthy didn't amass their fortunes by being generous and selfless. They did it by ruthlessly pursuing their own interests, even if it meant trampling over others in the process. And once they've got their money, they're not about to give it away to anyone, no matter how deserving or in need.
But it's not just about greed. There's also a sense of entitlement that comes with extreme wealth. When you're used to getting whatever you want, whenever you want it, it's easy to develop a mentality that you deserve everything and owe nothing to anyone else.
And let's not forget about the fear of losing it all. Many wealthy individuals grew up with little or nothing, and the thought of returning to that state is a powerful motivator. So they hold onto their wealth with a death grip, even if it means being cheap in other areas of their lives.
But here's the thing: being cheap doesn't make you happy. Sure, it might feel good to see your bank account grow and your net worth rise, but at the end of the day, money can't buy you happiness or fulfillment. And if you're not using your wealth to make a positive impact on the world, what's the point?
So to all the ultra-wealthy out there: loosen your grip on your wallets. Be generous with your money, not just with your family and friends, but with those in need. Use your wealth to make a difference in the world and leave a positive legacy behind.
And to the rest of us: don't envy the wealthy for their material possessions. Pity them for their inability to find true happiness and fulfillment.
领英推荐
Cheapskate Millionaires come in all shapes and sizes from all over the globe, here i will cover some of the most common of their breed:
Do you know the saying "you get what you pay for," but what about the effects of being a downright cheap person? As it turns out, being cheap has some serious energetic and spiritual consequences that go far beyond someones your wallet.
First and foremost, being cheap can have a negative impact on your relationships. Whether it's refusing to split the check evenly or insisting on a measly tip for a hardworking waiter/waitress, being stingy can also make you come off as selfish and unappreciative. And let's be brutually honest, absolutely no one wants to hang out with someone who has money and is constantly crying poverty with every purchase.
On a much deeper level, being cheap can also affect your energy and sense of abundance. According to spiritual theories like the Law of Attraction, what you put out into the universe is what you receive back. So if you're constantly focused on scarcity and lack, you're likely to attract more of the same into your life. On the flip side, a mindset of abundance and generosity can bring more prosperity and positivity your way. One of my favorite lessons from Victoria Song's book "Bending Reality" is the topic of contraction and expansion. Whenever I'm driving along the oceanside on South Ocean Boulevard in Palm Beach on my Vespa,
I can't help but scream out for as long as i can at the top of my lungs in full Jamison vibrato.
Expansioooooooooonnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn
It sometimes freaks out the older residents of the island but it's just so freeing. It's such an easily relatable concept that speaks volumes to my current state of mind, it's definitely worth listening to repeatedly for its great messages, i'm NOT just saying this because she is my friend. Check it out here on Audible: https://www.audible.com/pd/Bending-Reality-Audiobook/B08QVMZCCJ
But what about the physical effects of being cheap? Well, scrimping and saving can lead to a lack of self-care and quality of life. Cutting corners on things like healthcare or home repairs can lead to bigger issues down the line, both financially and emotionally. And constantly denying yourself pleasures and experiences due to a fear of spending money can lead to a life that's lacking in joy and fulfillment.
So what's the solution for the cheapskate among us? It's all about finding a balance between frugality and generosity. Yes it's important to save money and plan for the future, but also to allow yourself to enjoy the present moment and give back to others. Whether it's through volunteering or donating to a cause you believe in, generosity can bring a sense of purpose and positivity to your life.
In the end, being cheap may seem like a way to save money in the short term, but the energetic and spiritual effects can be far-reaching. So take a deep breath, loosen your grip on your wallet, and remember that sometimes the best things in life are worth a little investment.
Here are 5 top NY Times best-selling books to help you stop being cheap or to help you be more generous:
Don't be a Cheapskate Millionaire or a CHEAPSKATE of any kind...Jamison
Amplifying visionaries, with clients in 43 countries generating over $5 Billion in enterprise value
2 年Agreed! Making money from a place of contraction: restricting, scarcity mindset, spend less-save more-spend less-save more vibes will not only cap how much wealth you’re a Match for but will also make you feel bad about money no matter how much of it you have. May we all learn how to feel good about receiving and releasing money. Thank you for sharing my book, Bending Reality, Jamison!
Senior Vice President at RJ O’Brien Energy Futures
2 年Great article. Check this book out too.
Owner and Director: bodyART Training Studios
2 年“If you're not using your wealth to make a positive impact on the world, what's the point?” might be the most profound and important aspect of capitalism that is most often overlooked and ignored. Walt Disney once said, “we don’t make movies to make money…we make money so we can make movies” and in doing so, help reconnect to the inner child within everyone. One of the main principles we use in bodyART says that the root of all injury is imbalance. TCM teaches that Yin (feminine) is the energy of giving, while Yang (masculine) is the energy of taking (AKA generating revenue and ROI). Problems arise when these two energies are imbalanced in a system/organization/company/individual. Conscious capitalist investors are wise to see that the ways in which a company is generous towards their guests, partnerships, industry counterparts, community, and charity is not a sign of weakness or na?veté, but is actually a highly strategic approach to balancing the necessity that companies be aggressively profitable for shareholders. Healthy business, healthy organizations, healthy individuals all realize that giving is an integral part of healthy flow within the business paradigm.