Many Office Wives Flexing? Shame on Warren Buffet

Jakarta, Armfalcon.com – Not long after the case of Rafael Alun Trisambodo’s son became public, many photos of officials’ wives and children and their luxurious lifestyle appeared on social media.

Not a few photos of vacations abroad, luxury bags and outfits, to birthday parties at five-star hotels, were exhibited by the wives and children of these government agency officials on their personal social media.

There are even those who dare to show off by uploading a purchase receipt for a new car worth IDR 400 million.

This flexing action or showing off wealth leads to an examination of assets and deactivation of positions by the relevant authorities.

Responding to content showing off assets or flexing, professor of sociology at the New School for Social Research, New York, Rachel Sherman, in her interview with Vide said that thrifty habits are the best way to judge whether someone who is rich is morally good or vice versa.

Thrifty rich man

In Sherman’s book entitled, “Uneasy Street: The Anxieties of Affluence,” Sherman interviewed 50 rich people in New York and found that most of the rich live frugally and spend “normally.”

For example, you might see how Warren Buffett has a furgal lifestyle, even though he can buy any luxury items as expensive as there are in this world.

Even though the value of his wealth has increased many times, Buffett does not immediately move to a luxury villa worth hundreds of billions, but lives in a house he has lived in for 60 years.

Apart from Buffett, maybe you can see an Indonesian billionaire named Lo Kheng Hong (LKH), who is often called the Indonesian Warren Buffett.

Rich people tend to say “no”

Quoting an article from CNBC Make It written by Trey Lockerbie, CEO and host of the Podcast We Study Billionaires.

As is known, Lockerbie interviewed more than 25 billionaires and more than 100 millionaires who started their business from scratch.

When Lockerbie spoke with David Rubenstein, co-founder of investment firm, Carlyle Group. Rubenstein says that rich people don’t waste their time on trivial things and it’s easy to say “no.”

Things that are not important can be interpreted as things that only waste time and money, including flexing.

There is no benefit that you can get from that one activity. Flexing is just a waste of your money, and there’s no benefit you can get from it.

Meanwhile Jesse Itzler, co-founder of Marquis Jet also agreed with Rubenstein’s statement.

“The ages of two and three are the most appropriate ages to say ‘yes’ (to rah-rah invitations and so on), because maybe you are building relationships and friendships, but the ages of four and so on are the ages where you have to say no and take full control of your time,” Itzler says.

[Gambas:Video CNBC]

(aak/aak)