How it's ACTUALLY like to grow up as a super-rich kid.
Do you ever dream to live in a huge mansion, drive around in costliest cars, fly in your own jets and have a queue of servants who will do every possible work that you wish?
Every story has two sides and turns out that this story also has two and a rather complicated one.
I can’t tell you my name, but my parents are billionaires. My father is an investment banker, but most of his money comes from being the son of a real estate tycoon. My mother was born into an old-money family.
What's it like to be a child with billionaire parents? Well, I certainly wanted for nothing. But looking back as an adult, my life was actually kind of repulsive because I was able to have nearly anything that I even thought of desiring.
Want to get a car? Sure, I'll call the guy. I had my own American Express Centurion Credit Card (or as some people call it, a Black card). I could buy nearly anything I wanted without worrying or even glancing at the price tag. Growing up was kind of like a vacation. We traveled constantly. We flew in a private plane and would always stay in the best hotel suites. We had (and still have) 15 homes around the world, including a private island.
We have a full staff, including gardeners, maids, cooks, butlers, security, etc. and I do not remember a time when we did not. For the main part of my childhood, I was "raised" by these people.
Like many other children of wealthy parents, I remember my childhood being slightly lonely. Don't get me wrong, I love my parents. I'm not one of those rich kids who has a strained relationship with their family. But they weren't around much. My father wouldn’t be home 3 weeks out of 4, and my mother would be going to events constantly.
I feel bad even complaining, but... Minimal parenting with an unlimited amount of money at such a young age? There are only so many ways that could go.
#7 You are always in danger.
All people seem to discuss when talking about being a billionaire are the privileges and the lifestyle and the excess and the fabulousness. But no one talks about the scary part of being a member of a rich family.
And the truth is that being the offspring of two billionaires is terrifying. In some ways, I wouldn't wish it on my worst enemy.
You’re always afraid of being kidnapped or killed or tortured or whatnot. It’s not paranoia, it’s the truth. It’s possible and it could happen at any time.
I’ve always had a security team. Whenever I go out of the house, my security group follows. Public outings where there will be a lot of people are intricately planned. I do not remember a time when I've not had a security entourage.
People tend not to think about the limitations of extreme wealth, but I have zero flexibility in my movements. I don't think I'll ever experience something as simple as going to the grocery store alone or enjoying a concert in the crowd like everybody else.
Our homes are decked with state-of-the-art security devices. Seeing those complex security devices in your house, in the room where you sleep, in the bathroom where you shower... It reminds you that you live in constant danger. It's this unending reminder that you're DIFFERENT from other people.
Because your parents have a bunch of money, you can never enjoy one second of anonymity.
#6 Because, Ordinary life is also a good life.
Initially, at a very young age, there is no big difference between children of billionaire and everyone else because almost all of us are pampered and coddled, and provided with whatever we want.
But when I was a bit older, a sense of pride started to build inside me and I developed a superiority complex because of the enormous wealth my father possessed. And for a boy in his teenage years, that kind of egotism can be toxic. I became the leader of my gang of friends (with money comes power). I knew I could do whatever I wanted and always be bailed out, and boy did I.
I always wound up in foreign countries for my vacations and every expensive activity was my favorite hobby for about a week. My father had a lot of acquaintances, by virtue of which I happened to meet some smartest people on earth and was lucky enough to spend some valuable time with them.
But now that I’m in university, I am actually living away from home for the first time. And I decided to make a major change.
I decided not to take any more money than I needed to meet my bare minimum expenses and that has been an eye-opening experience. One of the best decisions I ever made was to live in an ordinary dorm like everyone else. No servants, no frills.
The world appears completely different to me now. I suddenly get this Buddha kind of enlightenment. All these years, I had lived in a protective environment created by my father's money. I have to learn to live on my own if I ever want my life to be worth something more than money.
Well, being rich isn't that easy. Read on and you wouldn't want to be rich.
#5 You need to have your own identity as well.
I was always sent to the best schools. Even if I didn't have the grades to get into a certain school, I'd get in, due to family connections or networking from my parents.
That's something that I didn't understand when I was little. I'm not as smart as these kids, so why am I in the "smart" school? Well, it turns out that you don't actually belong here. You're not smart enough, so Mom and Dad used their connections!
You took a spot from a kid who was smart enough and actually deserved it. Your parents have connections, otherwise you wouldn't be here! That's what it was like in school. All this money, all this stuff, it doesn't belong to you. It belongs to your parents. It was bought with THEIR money, and you're simply their child.
You don’t deserve anything. If you’re not careful, or if you don’t work to build your own distinct identity separate from the money… that feeling can swallow you whole.
#4 Not everyone feels attached to their parents.
I was very attached with my nanny. When both my parents were traveling, she'd do everything for me. She'd get my school uniform ready, polish my shoes, comb my hair, dress me up, coordinate with the cook to make sure I was getting my smoothies on time and getting enough nutrition in general, travel with the driver to pick and drop me to and from school/activities, feed me, make sure my tutors were on time, supervised me while my tutors were at home (I was never allowed to be alone with my tutors) etc.
Only later on in life, when other people told me, did I realize how strange it is to have such an intimate relationship with someone who is not a relative but an employee. But this is true for most people who grow up wealthy.
You just love your parents. Don't you? You got to read more to find out what else does rich kids face.
#3 Not every rich kid has access to unlimited luxury, which is good.
I want to update the post to show you the situation/ problem in rich kids.
You can definitely take him to vacations to see the world, buy him an expensive watch for an 18th birthday etc. But giving access to a life of unlimited luxury is doing them no favours.
#2 You can be isolated.
My dad is a self-made man. Growing up in India, he and his 3 siblings had very little to share amongst themselves. He only had one pair of slippers which needed constant mending. He studied under the street lights to cut down on the electricity bills and lived in a small house that would flood up every time it rained.
Compared to his classmates and colleagues he was probably a 100 times more diligent - this quality remains to this day. He is extremely driven and motivated. He worked his way up and ended up extremely successful.
I started wailing uncontrollably. I had no idea who this man was and what he was doing in my mom's bedroom. The doll scared me and I thought he had brought it as a reward for allowing him to spend time with me. I rejected both the doll as well as my dad. Throughout my teenage years I saw very little of my dad. It wasn't until my early 20s that I really started forming a bond with him.
You ought to sympathize. Being rich is not all we fantasy. Read on and you'll know.
#1 You might just be able to devote your time to anything you want.
It depends. Firstly, it depends on how your parents earned their money. In my case, my father comes from a middle-class family. In his 20s, he became a millionaire. In his 30-40s he became a multi-millionaire. By the time I was born, my dad was worth over 300 million dollars and now he is a billionaire. So, my brothers actually lived through the time when my father was not super rich.
My father always told me to watch my spending as he never really spends money on himself because he earned his money -- I am only spending it. Most of the money he spent on me was for my education. He valued education so much because he did not have the chance to go to prestigious schools like I did. For instance, he never bought me a car until I graduated from college.
He never approved of my spending habits such as dropping 30k on watches. I actually bought two of them once, and he yelled at me on the phone for this kind of spending. But when it came to education, he would drop thousands of dollars with no regret.
After I earned my Phd, I left academia. I built a home office and a personal library. I do independent research and write novels nowadays. I just live to learn because I don't need to do other mandatory things that others need to do such as working full-time. So, I can devote my time to whatever I want.
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