Simple question:
Are you poor, rich, or doing okay and why?
I'll start:
I'm OK coz I wear Gucci, but I ride the bus.
Edit: accidentally pressed associated with gucci. Mods plz unmark me as a gucci associate, I am not rich enough yet
edit 2: thanks mods for removing my association with gucci, i am not a gucci associate yet haha, just an EY associate haha…haha unless? haha
yeah i buy gucci from milan
this guy
yeah i own gucci haha
rookie, drive an hour up the road to the outlets in Switzerland. Gucci products, Kmart prices :)
Hey, do you go to Milan to buy your gucci or do you get it sent from Milan?
move
no cuz job and family is here
move ur family and job then
haha.
Joe Hockey was onto something. Get a higher paying job and it'll solve your problem.
It's that simple.
I was poorest when I wore designer clothes.
Now I look like a bum…
… and still poor. 😂
which designer clothes? coz some are actually for poor people only
haha jokes
Derelicte by Mugatu
"I can Dere-lck my own balls!"
So broke we buy stuff on lower purchase
I know a few rich that won't buy cold coke, because warn is cheap. I agree 99% with you. We are here for a reason. Mine is to retire before I die
i drive a ferrari, live in potts point, and earn 300k+, im poor
yeah u probs dont even wear gucci, or do u?
alpha jocks from kmart, gucci is overpriced crap imho
How good is alpha tho?!
Lower this man's taxes now.
Not many people earning $300k a year can afford to drive a Ferrari
That's 15K+ per month post tax. You can easily afford a 200K+ car with at that sort of income.
Yeah no one does. And a new Ferrari starts at $500k, not $200k.
People who actually buy Ferrari’s are multi millionaires. Their income is in the multiple 7 figures.
My wife earns that much, combined with my income we are close to $420k pre-tax. We don't own a Ferrari. I drive around in a 10 year old i30 and my wife gets around in a 3 year old $20k SUV with hail damage. We also wear Kmart, big W and target clothes. I wear $30 target business shoes to work and a pair of business pants I purchased 8 years ago that are still working. We have no desire to show off our wealth.
We own our house though and are saving up to buy another house outright. We're in our mid 30s. Plan is to retire young.
I also consider us ok and not rich. Rich I'd consider to be Multi millionaires who never have to worry about money.
So to sum up. Yes, you could buy a Ferrari on that income. But why would you.
Couple goals.
it's called enjoying life, treat yourself, and also donate to charity some.
@Donaldhump: Yeah, can understand that thought. But we enjoy life. We go on holidays every few months and I only work part time now. Go out all the time for dinners etc, kid pretty much does whatever he wants, theme parks, after school/week-end activities. But after all of that we are still earning more than we spend. So it's why we're saving up for another house to buy.
Just not interested in material things so I'd honestly have no clue whether someone is wearing a $10k watch or a $100 watch or $500 Gucci shirt or $20 shirt from Kmart, unless they told me, and if they told me I'd just think they're a tosser for telling me.
Same here. And our goal is to have enough appreciating cash generating assets so we can retire in 20 years time.
Buying a supercar would put a big dent.
Even a real rwd AMG which we can buy outright anytime now, is not something we would do until we have enough passive income up to a level that would buy one each year.
You are way over the threshold to be considered rich by most Australians. And me.
https://www.news.com.au/finance/money/wealth/how-much-money-…
2-4 years of saving.
and a nightmare to insure
yeah my rule is car purchase price should be < 20% of household income, and should probably be retained for 4+ years.
Therefore to buy a Ferrari you should probably be on $2.5m
I'd say that for most people, it's not a matter of rich or poor. It's a matter of priorities.
Someone on low income can afford Gucci too, but it means that they'll be eating soy sauce and rice for a while.
Or the person on a $1 million dollar salary can't afford Gucci because they've bought a huge house and has to pay a huge mortgage.
but wot if im on a 1 million dollar salary, own a huge house and pay a huge mortgage and i own gucci, but i also like to eat soy sauce and rice for a while
Then I'd just say that you have bad taste in food! :p
Or you just miss your younger days!
geez that's stingy. Kinda reminds me of someone though…or a post
People who spell what as wot, are never going to earn $1m a year, so you don’t have to stress about it.
tu tru haha. at list i hav my gucci.
haha.
Most $1 million salary earners don't buy house they rent a house :)
I'm genuinely curious to know if this is true. Citation needed.
I know the logic behind renting but I can also see the sentimental reasons for ownership. Earning a high salary does not preclude one from making discretionary acquisitions.
everyone i know who earn >$1m own the house they live in. Its not a huge sample size, but 100% of 5-10 people is still 100% not renting…
Wheres the option for 'I'm poor, but I'm clever and I have low standards, so I do alright'?
I think that would get a lot of hits here.
I'm MeNtAlLy RiCh
points at Live, laugh, love poster
one of the poll options should have been "I'm Gucci"
I live out of my car and dumpster dive Woolies for food some days. They throw out some good stuff actually. I do have a (fake) Gucci bag though, so people think I'm doing ok.
what car is it tho
Murcielago with custom (fake) Gucci trim.
Nice, you should get real gucci trim next time
@waterbottled: We can dream I suppose. I personally find your gucciposting mildly amusing, not negworthy.
@brendanm: we can meet up and i can show u my gucci. i need to check the bus timetable unless u can pick me up with your car haha. i can pose with my gucci in ur car too
haha.
who cares about cars when you can have gucci haha ha
OP - change title to "I wear Gucci, what do you wear?"
u must be poor
haha.
You must be a millennial haha.
Haha yeah I own gucci haha.
@waterbottled: Gucci is for poor people who want to pretend they're rich. No rich people actually wear that gauche garbage unless they're nouveau riche trash.
I'd say Gen Z.
haha
Can we have something quantifiable when determining poorness or richness?
Net Wealth? Annual Net Income?
One guy's poor is probably another guy's OK.
That would be a good starting point. The definition of what 'poor' constitutes varies so wildly between people that it's almost meaningless.
Some people use a statistical definition, which is something like less than half of the average wage.. which means pretty much everyone on a government pension qualifies.
Others have a definition derived from fictional works from the 1800s, and don't think you're poor unless you're living like Oliver Twist, shivering every night on the street and begging for scraps.
And then funny enough, if you went to the poorest places on earth, they would probably envy our poor, because you can find edible food in the bins and no-ones going to machete you to death while you sleep.
that's why i asked why you think you're poor, rich or ok.
Poor, you are waiting for next pay?
OK, you can buy a dyson V10
Rich, you can upgrade from dyson V10 to V11
Will that qualify?
What if you own both a Dyson V11 and a dyson supersonic hairdryer? *Asking for a friend.
You are just OK since you haven't upgrade from v10 to v11* ;)
Not even George Lucas has enough for both a V11 and a supersonic hairdryer….pipe dreams baby
amazing.
Just count on how many avocados you can consume each day.
I'm so poor that a 'night out' is going to KFC and licking other people's fingers!
as long as u just stay away from my gucci
hey don't touch my gucci haha ha
just the fingers?
just the tips
Hey, no tipping
Not sure why using public transport makes you poor. Most mid to upper class in cities use it as it's generally quicker to get around. I have a few friends that are wealthy bankers and they use public transport to and from work (mainly because they are to drunk to drive home after lunch), but you don't have to be poor
Aren't they upset that they have to tough or be near the poor people?
In death we all go to the same place. We are all humans. I don't honestly believe we have "poor people" in Australia. Even people are welfare get far more than most in the world. I also believe the perception of rich is alittle misleading. When I was young I lived in Bondi and most of my mates (my age at the time) were from Vaucluse and Dover Heights. There parents were loaded, but they were down to earth. School Mon-Friday and then rest and synagogue Saturday and charity on Sunday. They were raise to see money isn't the end of the world. It might be because I (and them are mid-30s), but i see more people in there 20s with issues with others. It was only 11 months ago I ran into Frank Lowy son on a train to Bondi. I guess dicks comes in all walks
Plenty of homeless are not actually receiving welfare. https://www.theguardian.com/australia-news/2019/apr/14/coali…
My comment was a joke. If you don't think there are actual poor people in Australia, you are sadly mistaken. A lot of people who are homeless have mental health problems, and don't claim Centrelink benefits, don't have the ability to apply for housing etc.
@brendanm: Exactly its too complicated, and coupled with that aren't competent to seek help for substance abuse etc
Lol what are you smoking we absolutely do have poor people in Australia, especially the people who can't manage to fill out the oodles of centrelink forms and provide ID etc when they live in a hedge at a park
everything is looked down upon in straya. we are a selfish bunch of cnuts
I don’t think you know what upper class is. You’re not going to find any of the upper class in Australian cities.
But rich people hate poor people, especially those with fake gucci
I sat opposite Geoffrey Rush once on the train. I was gonna say "Casanova Frankenstein?" but the moment passed sadly… One of my regrets
sydney is a rip off