6 Secrets I Learned Working For Rich People
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In this episode, Chelsea shows us all the secrets she learned while working for rich people, from a yacht club on the East Coast to nannying for families in France.
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Articles cited on rich people & empathy:
The myth of female breadwinners having it all:
Why do rich people work so much?
Generosity statistics by class:
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1. 3:55 Rich people Don’t Care What they look like in Front Of People Who Aren’t Rich
2. 7:53 Gender Dynamics Are Just As Complicated In Super Wealthy House
3. 11:38 That Lack of Empathy is Actually,Scientifically A Thing
4. 15:04 Most Rich People Don’t Actually “Feel” Rich
5. 18:38 Work Addiction Amongst The Wealthy Is A Very Real Thing
6. 21:53 Money Doesn’t Buy You Happines,But It Can.
Wha? Where are the time markers?? Go back and redo this!! 😉
Thanks
@@alf.2929 ehh :/
@@alf.2929 aight mate,done!
@@AasthaHingar ay ay,done!
I went to school with people way wealthier than we were. It meant a better school but it also it vaccinated me early against illusions towards rich people. I never envied them. I still don’t. They should pay their damn taxes.
Lol! Yes.
Same! I never wanted wealth, i never felt the need to wear brand clothes to feel included. I wanted the fairness we didn’t get when the wife of a millionaire drove around in a brand new porsche and got away from paying her kids tuition because she was unemployed. Or when my one rich friend’s parents were extremely rude to servers and would bully their children relentlessly after coming home being stressed out from work – the children simultaneously saw their maid as subhuman and their mother figure.
no offense but for women its so much easier to break through the rich poor barrier.
Actually in the US, the top 10% income earners pay almost 70% of federal income taxes. Isn’t that enough for you?
In retrospect was it worth , studing in that school?
“stop idolizing the rich and start seeing them for what they are” thank you.
Stop romanticizing the poor.
@@lob1523 Spot on
@@lob1523 lmaooo
@@lob1523 Agree! Even avatar the last airbender is guilty of that. There is not some nobility in being poor… it is injustice in action
@Victoria Akoms people who often make decisions based on greed and greed alone? Or just.. people like other people. They’re not more deserving because they’re rich and no one “deserves” to be rich any more than anyone else
I only want to be rich enough to feel confident in my lasting security/comfort, to continue enjoying my hobbies, and to do what I want with my time. And to provide those things for my loved ones as well. Which, to be honest, is pretty rich! But if that day comes, I hope I can still see that that’s all I need.
Same here. But from what I understand when you reach that point things do change. And then you find yourself crying because you have to fly first class instead of getting on a jet 🤦🏻♀️
I know I’ve been many times in the situation where I’d say ‘Once I have X amount in my bank account I’ll relax’
But then suddenly it feels not enough 🙄
Currently, that lifestyle would require lots of money. But think about this, we currently have the technology that we COULD create a post scarcity society. That would mean basic nutritious food, decent housing, and complete health care would be a right, not something to given in exchange for labor. With those basics met, we could all pursue our hobbies. And many hobbies lead to goods and services: craft-makers, writers, adventure sport guides, etc.
The main barrier to a post scarcity society? The attitude of “I don’t want to pay higher taxes so a bum on the street can go to the doctor for free.” So many people are selfish, and it’s tragic that so much human potential is wasted.
@@Ersa0431 You said this so beautifully. I wish the same thing. The basics for everyone, and still allow the incentive of wealth accumulation and greed, but everyone has shelter, food and medicine. We could do this. Its possible.
@@Ersa0431 Absolutely agreed. I watched a Mark Rober video recently that mentioned how many ppl say the smartest man to ever live was Einstein, but in all likelihood it was probably someone who never had their basic needs met and had to spend all their time looking for clean water etc. Even with the basic needs met, enough ppl would still be inspired to work and to advance technology and the arts. And lets be real, most ppl want to live above their basic needs.
It’s telling that to be rich is to have basic needs met and feel secure/confident. We are often just fighting for that last piece of pie when the rich already have 9/10ths of it.
It’s just a fact that rich people typically lead very different lives than everyone else. Here’s a video that outlines 8 financial realities that are making Americans’ lives so difficult: https://youtu.be/KkLJ1D0wGlo.
How do we build this kind of community? I want that so bad.
Hi! I was wondering if TFD has ever considered making a video on spending, saving, organization, or “adulting” but altered for those of us with ADHD? I find that a lot of ADHD advice is geared for children or towards specific adults who have more severe debt or financial issues than I do. My situation probably looks the same as most of the 20-something early career types most of your videos are catered to, but I find myself trying to take the advice in a way altered for my non-neurotypical brain. It would be nice to see if there is anything specific for us in the adult Adderall club, especially for those of us who are ‘passing’ outwardly. =D
When you are showing your studies I have noticed that you find a study and bend it to what you want it to say. People perceiving a person who looks at them less to be rich doesn’t mean rich people don’t care about (or even bother to look at) people. What if they are busy trying to juggle their busy Lives? Or what if a million other reasons? I would not say anything but I have seen you do it a few times and it drives me mad.
@@Dotmeblack Thanks for the suggestion! I’ll definitely pass this on to the team, but for now, here is a good article from our site: https://thefinancialdiet.com/7-ways-keep-check-manage-life-adhd/.
– Saidah, TFD
Bullshit and misleading
The part about how the rich shut themselves away from the community they live in explains politicians very well.
You know, us middle class people are thinking we’re poor because we compare ourselves to rich people in our society, but the truth is we are wealthy too. Quite a large proportion of the world’s population is quite poor. Think about how many people are living under a tarp, cooking whatever they can forage over a fire outside while the kids play naked in the yard. No grocery stores, no health care, no fancy clothes or cars, living in what is basically a lean-to. We are very, very lucky.
Yup it’s all relative!
I remind myself of this all the time.
Natalie Rizzo However within US , many middle class people are not wealthy. I feel sometimes gratefulness that US is better off , is used as an excuse not to criticise the inequality within US . You can always be individually grateful but also recognise the inequality which is part of the society and not accept that uncritically. I feel that Chelsea and TFD manages that
I’m from Brazil and I am middle class here. Converting my income would place me very near the poverty line in the US, by the way. Let’s talk about one “undeveloped” or “third-world” country, shall we? 🙂
The middle class in Brazil is not so different from the US, except not even goods are cheap here, so even sneakers are financed. Very few people own their homes outright, most rent and some have a huge mortgage. There’s “free” health insurance from the government, but it really is only good for terminal diseases. If you have cancer or a heart attack, go there, for routine checkups, don’t. (I use it from time to time, so this is not hearsay) We all pay for extra health insurance through work or out of pocket.(I choose to pay out of pocket as needed – not an insurance plan – and rely on the government for anything more serious) What we do have is cheaper services. Cleaning services, hair services, that kind of stuff here is much cheaper than in the US, even adjusted for earning power.
Most people in Brazil live in decent homes. Not pretty, not pinterest worthy, but with a roof, clean water, sanitation and trash collection. Most Brazilians are on the internet through their phones. Those phones are financed too.
Favelas are the exception, not the norm. The trouble with favelas is that they are not incorporated, so you will never have a deed to your home, therefore it’s worth next to nothing. Also, drug dealers use favelas as a base of operations because they are hard to get in – there’s no planing, no streets – and they buy the cooperation of the community through “good works” and violence, whatever works.
Homelessness is much more related to alcohol and drug abuse than to poverty. There are many programs dedicated to feeding and helping the homeless so any families you see today are gone tomorrow, what is left are the drunks and the crack heads. They are my unofficial neighbors. They do organize into those categories, sleep together and hang out together. The drunks are pretty safe, but I give the crack heads a wide berth.
That is what I see from where I am, I have a deep mistrust in government statistics and politically focused “research”.
You can’t say that because it goes against the victim mentality which is very popular in the US. 🤷🏻♂️
“i wanted to be them, but i also resented them” me, at this very moment
“Never look at your neighbors plate unless it’s to see if they have enough” 👌🏼
love this. I am using this.
She sounds slightly bitter to me and highly judgmental?
If everyone else around me doesn’t have enough, you bet I’ll be looking at the rich persons plate
i like this quote, thank you
quote from Louis C.K.
I am a corporate attorney. Naturally, I work with the rich. The richer a client is, the more affronted they act about their tiniest demand not being met.
They have a lot of trouble in comprehending that a lawyer is not an assistant or a therapist. I have had to drop the wealthiest of my clients for being treated shabbily.
Whole heartedly agree with your video.
Did they at least pay you well?
Interesting. I would have thought they would feel like you are working WITH them not FOR them 😔
The wealthy disconnect is so apparent by how many celebrities reacted to the Coronavirus pandemic lol
Right? I can’t imagine having multiple large homes and staff to clean and cook for me and all that and then complaining about being stuck in my big beautiful house with its gorgeous view and private beach or whatever. How empty must people feel to be so unhappy when they have so much?
So true!
My aunt was a housekeeper/nanny back in the 60s for The Bensons ( rich people, the sister of Loyd Benson a politician) and they treated her really nice and were very loving to her. I wonder if it’s just that we have all became less in touch with humanity and are selfish. My aunt occasionally bumps in to her old boss which these people are in their 80s and 90s and they greet her with so much love. This is in south Texas McAllen to be exact.
I would argue it’s because the wealthy became wealthier. Wealth disparities have rarely if not never been as large as they are now and the result is all of the behaviour detailed in this video. I’m glad your aunt had a good time in the 60s but rich in the 60s does not even touch the ultra rich of the 21st century
After being married to a guy from a very rich family, one thing I learned is they do have empathy, plenty of it, but never for anyone outside their wealth category. His family adored anyone who was on par with them for wealth and would go out of their way to help them out including financially if they suddenly had a bad issue. This also included people who’s kids used drugs, stole, got in trouble with the law etc. If they were rich, they were people. If they were poor, they were not.
I received the same treatment at first since I lived in the same area as his family. He always made me keep quiet about living in the public housing section as he didn’t want to freak them out.
When they found out they suddenly decided I was a gold digger, transferred all of the money out of his name they kept there for tax reasons, and started treating me like I was trash. Every thing about me suddenly became a bad trait and the reason I was poor. My mother received the exact same government pension as they did (their reason for the hiding of assets) yet because she didn’t have millions in shares and a home, she was a drain on society.
Here is the great part. Since he wanted to keep control of me (it was an abusive relationship), he moved away from them with me. They wanted nothing to do with me. After 15 years I got an inheritance from my father who I only met once. It was enough to buy a house and car (he insisted on luxury ugh ) and some to live on. Of course he had to tell his family and anyone who would listen. Suddenly I was rich enough to be treated like a human again. They wanted to spend time with me, make me dinner, sending care packages, visiting, were nice and caring, asking if i needed help, offering gifts etc. I was even written into their wills and they showed me what they planned on giving me personally! My unacceptable poor people problems were now acceptable rich people problems.
I have since escaped his violence and he and I are now the only heirs to their fortune. He spends his day playing computer games and collecting welfare while living in their home waiting for them to die. They are completely ok with that saying he just needs time to find his way (he is 44) while still judging ‘welfare bludgers’ for doing nothing all day.
wild . thx 4 sharing
Wow, crazy!!
Wow. The actual audacity!
How did you manage to stay in their wills even after you broke things off with him?
They don’t sound rich. They sound entitled.
Thats nouveau rich for sure
I have worked for the super wealthy too. I have been amazed by their greed. At one place I worked, just before thanksgiving, they had a raffle and the prize was a turkey. I was surrounded by men making millions per year and there was one janitor who came by every day who was so nice and did his job with a smile for everyone. He was also a single dad. Who won ? the CEO. I was sure he was going to donate the turkey to his secretary. Nope. He was thrilled that he won the turkey, bragged about how his wife already had bought their turkey and after thanksgiving , he told us all about how they had 2 turkeys on their table. All I could think about is how a decent person would have offered that turkey to the janitor so that he could have had food on his table too. Another time, in some convoluted way, a big 50″ color TV at the office became “available” for free — and the boss grabbed it for his multimillion dollar house (like he didnt already have multiple TVs at home). He spirited that TV away so fast. Again, I thought the decent thing would have been to offer it to one of the lower paid staff, but no. lastly, my mother was very sick and around thanksgiving, I sent a cake to the doctor’s office for the staff who took care of my mother. after the holidays, I asked one of the nurses if they liked the cake. She told me they never had any cake because the doctor saw it and he took the whole cake home with him for thanksgiving.
Disgusting people
Unbelievable😢
one of the most valuable things my parents instilled in me, was how to be rich. so that in the event i became wealthy (or they stayed wealthy and i eventually inherit) i would know how to carry it with grace and be a blessing to those around us.
but indeed, i could see how her peers, likewise first generation wealthy in my developing country, were not generous people. they can afford expensive purchases but can’t put in 1% of that to the lower ranking staff office fund. knowing how to be rich with dignity is learned, it doesn’t come naturally.
My sister worked for a company that had a CEO that would take freebies that were dropped off by vendors for the employees!!
she finally spoke up and told the vendors what was happening and the next time someone brought something in the vendor stood there waiting for the staff to come out to enjoy the donuts and coffee he had brought for them. The CEO tried to come out and grab some and the vendor told him this isn’t for you. This is for your staff. Please respect that. 😮😮😮
This is a special thing in US culture: first me, myself, and I. These things wouldn’t happen in Europe.
A former CEO of my company was the kindest boss I’ve had yet. He treated everyone from the janitor to the Chancellor with the same high respect. I was only a receptionist, but even 10 years after he retired, he still remembered me when he saw me on the street once, shook my hand and asked how I was doing. I wish every CEO were like that.
That’s commendable
I worked with CEO’s like this. They’ve got my respect for ever.
@@Areli_Precious 👍
I think the fact that you described yourself as the lowly receptionist is kinda the point of the video. your job title shouldn’t dictate your value as a human being. If you worked at his company for 10 years then he should know you. If a janitor saw you for 10 years and still didn’t remember your name and face you’d think “what the hell” why is the CEO any different?
@@jasminecat2234 Excellent point. “Lowly” was a poor choice of words on my part and not a statement about the corporate atmosphere of my company. Still, he’s the nicest and most respectful CEO I’ve ever worked with, and I want to honour him because that is an exceptional attitude among some of the wealthy, even though it should be normal for everyone.
This is an exception, but I remember distinctly one wealthy lady I worked for growing up, who was, hands down, the best person I’ve ever known. She was the sweetest person. Never said a bad word about anyone, ever. She didn’t complain about anyone.
And I worked for her for years.
I hope someday I can be like that.
Yesss! I once worked for an ultra-high net worth couple that treated me and my son no different than anyone else in their circle. Working for them gave me firsthand insight as to the BLESSING one’s monetary wealth can be to others.
I’d just returned from out of state prior to working for them after leaving an unhealthy relationship and had almost nothing in the sense of material possessions, not even dishware. It was around Christmas time.
Do you know they furnished my entire apartment for me? Even down to a balcony set, fairy lights, and throw blankets.
My heart always becomes light when I think of them and pray that their relationship and happiness is ever-enduring and remain grateful to them ’til this day for the kindness they bestowed upon us both.
@richbabegangwithsandral.ro2736 , beautiful story. My grandfather, Mayflower descendant and NE textile wealth, always told and showed us that the point of having “extra” money was to help others with it. He and my grandmother treated everyone well. They were sensitive to the needs of others and acted on what they saw. Their children were the same type of people. My grandfather worked until he was 83 and knew the names of his employees, current and past.
I totally get this. When you come across wealthy people like you describe, it’s wonderful.
I worked at a country club very similar to your experiences. I was often treated well, but sometimes treated like a worthless idiot. They didn’t realize my family are also members of the country club…taking off my uniform and sitting with them for dinner at the club and watching their horrified faces after seeing my family was priceless. Oh those “Pretty Woman” film moments….
I do wonder how many of those that treated you well already knew your family went there, had been told by someone else or noticed clothes, shoes, jewellery, hair styles etc that denoted your high status.
@@juliancook3088 I agree, if they are smart they notice. Doesn’t have to be material but behavior, confidence, accent etc.
@@frida507 How many rich people actually look at the people waiting on them, though?
@@wvu05 I’m not rich so I wouldn’t know :D, bur some of them probably don’t pay that much attention…
@@frida507 Even seeing upper-middle class people, I’ve noticed that it seems like the more money people have, the less likely they are to look at “the help.” They are also much more likely to berate staff. Not always (there are some who just care about being above someone else of all economic levels), but some really do embody that time when Mitt Romney said “I like being able to fire people who provide a service.”
My daughter was on a scholarship to a private boarding school. Almosy all of the he rich kids had profound benevolent neglect. I never saw the rich parents show up except when absolutely required. I still know a few of the kids, and the rich kids (as opposed to scholarship kids) seem to be fairly successful, but really profoundly empty and disturbed. That class experience was so different than I expected.
“(as opposed to scholarship kids)” do you mean the scholarships kids didnt came out successful from there?
@@sarahfranco6802 They came out successful because they had a top notch education
@@SoulfulVeg oh ok
You have to be of some social means to be a scholarship kid at a boarding school tbh. Didn’t even know the us had boarding schools until well after graduating high school
This really hit home. I just started my legal career and its absolutely appalling how rude lawyers are to the support staff. It’s like they don’t even see them as people. The lawyers are every high earners make their own schedule, take many days of leisure, but get pissed at their “help” for the slightest inconvenience that isn’t even their fault.
agreed. worked in the legal profession 10 years plus and lawyers can be the meanest ever
@@grammystipstricks3547 I wonder why
maybe their psychotic or coke heads
@@kay8698 what are you implying? Or is that a genuine question?
My grandmother used to say – if you ever need help – don’t ask a rich person.
Ask a poor person, they are kinder and if they can, they will.
True
Rich people always say that it is the government’s job to help the poor.
This is purely false. Most rich people would be fully ok to help if you are worth their time and see that their help is well received and appreciated. Just ask and see for yourself. Just don’t waste their time.
I think a lot of ppl go to ppl with money for help.
If I was wealthy I wouldn’t help EVERYONE. I would help those who are trying to help themselves.