Author Topic: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
Fallen_daemon 
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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.

Andrew Schiff was sitting in a traffic jam in California this month after giving a speech at an investment conference about gold. He turned off the satellite radio, got out of the car and screamed a profanity.

“I’m not Zen at all, and when I’m freaking out about the situation, where I’m stuck like a rat in a trap on a highway with no way to get out, it’s very hard,” Schiff, director of marketing for broker-dealer Euro Pacific Capital Inc., said in an interview.

Schiff, 46, is facing another kind of jam this year: Paid a lower bonus, he said the $350,000 he earns, enough to put him in the country’s top 1 percent by income, doesn’t cover his family’s private-school tuition, a Kent, Connecticut, summer rental and the upgrade they would like from their 1,200-square- foot Brooklyn duplex.

“I feel stuck,” Schiff said. “The New York that I wanted to have is still just beyond my reach.”

The smaller bonus checks that hit accounts across the financial-services industry this month are making it difficult to maintain the lifestyles that Wall Street workers expect, according to interviews with bankers and their accountants, therapists, advisers and headhunters.

“People who don’t have money don’t understand the stress,” said Alan Dlugash, a partner at accounting firm Marks Paneth & Shron LLP in New York who specializes in financial planning for the wealthy. “Could you imagine what it’s like to say I got three kids in private school, I have to think about pulling them out? How do you do that?”



Executive-search veterans who work with hedge funds and banks make about $500,000 in good years, said Arbeeny, managing principal at New York-based CMF Partners LLC, declining to discuss specifics about his own income. He said he no longer goes on annual ski trips to Whistler (WB), Tahoe or Aspen.

He reads other supermarket circulars to find good prices for his favorite cereal, Wheat Chex.

“Wow, did I waste a lot of money,” Arbeeny said.

Richard Scheiner, 58, a real-estate investor and hedge-fund manager, said most people on Wall Street don’t save.

“When their means are cut, they’re stuck,” said Scheiner, whose New York-based hedge fund, Lane Gate Partners LLC, was down about 15 percent last year. “Not so much an issue for me and my wife because we’ve always saved.”

Scheiner said he spends about $500 a month to park one of his two Audis in a garage and at least $7,500 a year each for memberships at the Trump National Golf Club in Westchester and a gun club in upstate New York. A labradoodle named Zelda and a rescued bichon frise, Duke, cost $17,000 a year, including food, health care, boarding and a daily dog-walker who charges $17 each per outing, he said.

http://www.bloomberg.com/news/2012-02-29/wall-street-bonus-withdrawal-means-trading-aspen-for-cheap-chex.html

this douche went on the record LOL.

 

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Rodriks_Fury 
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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
I want to pee on his face.

 

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Fozzie_Bear 
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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
tits or gtfo

 

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JD_HOGG 
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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
Over-paid schmuck with an over-inflated sense of self-worth.

 

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NonOffensiveName 
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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
what could you possibly want/need that costs more than 350k a year? I mean seriously. I think most people who live within their means could survive and I would dare say thrive on that kind of salary.

OH GOODNESS MY CHILD HAS TO GO TO PUBLIC SCHOOL WITH THE REST OF THE CHILDREN OH NOES!

I CANT GO TO THE COUNTRY CLUB. WHAT WILL I DO!

GTFO with your effin rich elitist first world problems.

 

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JD_HOGG 
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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
NonOffensiveName posted:
what could you possibly want/need that costs more than 350k a year? I mean seriously. I think most people who live within their means could survive and I would dare say thrive on that kind of salary.

OH GOODNESS MY CHILD HAS TO GO TO PUBLIC SCHOOL WITH THE REST OF THE CHILDREN OH NOES!

I CANT GO TO THE COUNTRY CLUB. WHAT WILL I DO!

GTFO with your effin rich elitist first world problems.


To be fair, it's about $175,000 after taxes in New York. $175k can be spent pretty fast.

 

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ikkoikki 
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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
If I was that rich, I'd consider it an imposition to have to live in New York. Surrounded by high rises, congestion, overpopulation and a concrete jungle? I'd go crazy.

Do like Mike Corleone did and move to Nevada. Get yourself a posh mansion in some picturesque mountain resort.

 

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Fallen_daemon 
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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
175k is a down payment even in nyc tongue for very experiences place. just entitle bitches spending their money like crack whores.

 

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AkagiyamaMissile 
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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
Rodriks_Fury posted:
I want to pee on his face.


 

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NonOffensiveName 
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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
JD_HOGG posted:
NonOffensiveName posted:
what could you possibly want/need that costs more than 350k a year? I mean seriously. I think most people who live within their means could survive and I would dare say thrive on that kind of salary. OH GOODNESS MY CHILD HAS TO GO TO PUBLIC SCHOOL WITH THE REST OF THE CHILDREN OH NOES! I CANT GO TO THE COUNTRY CLUB. WHAT WILL I DO! GTFO with your effin rich elitist first world problems.
To be fair, it's about $175,000 after taxes in New York. $175k can be spent pretty fast.
if you live beyond your means yeah 175k could go really quick but if you plan just alittle and save that much is way more than enough.

thats also probably just his base salary not counting all the perks he gets like health care, company car, expense accounts etc. Its still rich elitist first world problems.

 

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jonus156 
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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
AkagiyamaMissile posted:
Rodriks_Fury posted:
I want to pee on his face.





this i could thrive on 60k a year and people like him bitch and moan about 350k

 

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JD_HOGG 
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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
NonOffensiveName posted:
JD_HOGG posted:
NonOffensiveName posted:
what could you possibly want/need that costs more than 350k a year? I mean seriously. I think most people who live within their means could survive and I would dare say thrive on that kind of salary. OH GOODNESS MY CHILD HAS TO GO TO PUBLIC SCHOOL WITH THE REST OF THE CHILDREN OH NOES! I CANT GO TO THE COUNTRY CLUB. WHAT WILL I DO! GTFO with your effin rich elitist first world problems.
To be fair, it's about $175,000 after taxes in New York. $175k can be spent pretty fast.
if you live beyond your means yeah 175k could go really quick but if you plan just alittle and save that much is way more than enough.

thats also probably just his base salary not counting all the perks he gets like health care, company car, expense accounts etc. Its still rich elitist first world problems.


People like these dopes think their gravy train will never stop rolling. Yep, elitist first world problems.

 

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JD_HOGG 
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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
jonus156 posted:
AkagiyamaMissile posted:
Rodriks_Fury posted:
I want to pee on his face.





this i could thrive on 60k a year and people like him bitch and moan about 350k


What does "thrive" mean to you? Do you mean you'd buy nice stuff with the $60k right now, or save it all for later, or a combo?

 

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Fozzie_Bear 
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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
AkagiyamaMissile posted:
Rodriks_Fury posted:
I want to pee on your face.



 

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Reapist 
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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
Once upon a time I thought if I could ever earn $100 a day I could have anything I wanted. HAHAHAHAHA!

 

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jonus156 
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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
JD_HOGG posted:
jonus156 posted:
AkagiyamaMissile posted:
[quote=Rodriks_Fury]I want to pee on his face.





this i could thrive on 60k a year and people like him bitch and moan about 350k


What does "thrive" mean to you? Do you mean you'd buy nice stuff with the $60k right now, or save it all for later, or a combo? [/quote]


Mostly save it but i would buy a new camp trailer. and put my kids in a better school.

 

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Aerlinthian 
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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
FD, Wall Street projections for personal income are down markedly for coming years. A significant effect to be aware of is that New York state and NYC feed mightily on that tax revenue.

So yeah, the joke is on someone alright.

 

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Jezza_Belle 
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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
how do you pull your kids out of private school?

it's pretty simple, you just go to the office and tell them that you're taking them out, fill out some paperwork, then visit the office in the public school to finish it off.

of course, I'm sure the real turmoil is "what will the neighbors think????" or the country club people.... or my group of charity whores... Not that it's ACTUALLY difficult to do it.

In the same token, does he think that people with less money have no pride at all? How do you think that family of 3 kids feels when they lose their house in the good neighborhood, and end up living in the ghetto, and their kids have to go from the nice public schools to the metal detector kind?

Yeah I think the latter would be more difficult, I mean it's an issue of ACTUAL danger, not just damaged pride.

 

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aurther-the-leader 
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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
he ought to be one of the first in the nooses when the time comes.

I would be ecstatic if i was just making 30k a year at this point been without work for a couple months now and I am going to have to move somewhere else to get a job cause nearby there is no one that wants me.

 

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Lokkie_the_Fierce 
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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
Is it time to bash the 1% again?

rolling_eyes

 

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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
AkagiyamaMissile posted:
Rodriks_Fury posted:
I want to pee on his face.



 

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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
all in what you have become accustomed to i guess.




i would like to become accustomed to 500k a year ;p

 

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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
So, what I get from this story is that the guys who are responsible for managing the global economy aren't able to control their own spending and savings?


Yep...

 

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Onslaught. 
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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
I guess these guys should have been doing a better job.

 

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Kanga_Roo 
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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
The problem is that his salary is in worthless FIAT currency. $350,000 time zero equals zero. So that salary amounts to nothing. If he were paid in GOLD all of this problems would magically go away.

 

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Rodriks_Fury 
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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
It's good to see that more than a few people feel the same way I do.

 

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Hawkson 
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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
What's with you and peeing on people?

 

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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
Rodriks_Fury posted:
It's good to see that more than a few people feel the same way I do.



Not quite - first I want to kick in the balls AND THEN pee on his face. All this guy cares about is image and is worried he's going to be treated poorly by all his rich friends. Dude, lose the expensive dogs and the car parking...

 

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AkagiyamaMissile 
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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
Stormyblade posted:
Rodriks_Fury posted:
It's good to see that more than a few people feel the same way I do.



Not quite - first I want to kick in the balls AND THEN pee on his face. All this guy cares about is image and is worried he's going to be treated poorly by all his rich friends. Dude, lose the expensive dogs and the car parking...


So much more useless spending I could post here, but you pretty much nailed it SB..

 

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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
jonus156 posted:
AkagiyamaMissile posted:
Rodriks_Fury posted:
I want to pee on his face.





this i could thrive on 60k a year and people like him bitch and moan about 350k


LOL you need 60K!!

 

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Subject: Rich douche complaing he isn't making enough to live on. LOL joke is on the rest of us.
Sounds like life is awful tough for folks. Still, I understand that troubles and stress are relative, afterall, and there are starving homeless people all the world that would call my unemployment insurance a fortune, but I think I would still rather be in these poor folk's shoes, stressing about no more ski trips.

 

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