9 Must Have Status Symbols that Say "I’m Rich"


To show that we’re not fixated simply on making money (and keeping it after it’s made) we though we would share this list of things that say “I’m Rich” from the Fiscal Times.

  1. A swanky stroller.  Of course it helps to have an infant to put in the stroller, but that doesn’t require you to be rich. Fancy strollers with leather seats  and iPod speakers can be had for a mere $3500.
  2. Designer fashion.  One happy designer tells the paper that her $7990 grey sequined ball gowns are selling like hotcakes.
  3. Fine wines.  Forget two buck chuck, when you’re rich the price of a bottle of wine isn’t an issue and you would not be caught dead buying anything under $50 a bottle.
  4. Specialty bikes.  The rich don’t go to Wal mart of Target for bikes.  They go to specialty shops where they spend about three hours being “fitted” for a bike that sets them back around $32,000.
  5. Thumbing their noses at PETA, the rich wear fur.  And not just fur coats and capes but fur sandals for $895.
  6. Expensive pets.  One Chinese mogul set what may be a record recently by spending $1.5 million for a Tibetan mastiff.
  7. Fast cars.  Enough said.
  8. Cruises.  The rich mingle on international cruises that are becoming increasingly popular.  The really, really rich cruise on their own private yachts.
  9. The Bling.  Wearing a Rolex along with chains, diamonds and gold on neck, wrist and ankle show that you really don’t have to look at the price tag before you buy.  If you really want to separate yourself from the middling millionaire, get a watch that sells for about $300,000.

Once you have it, it helps to know what to do with it.  One thing that’s not listed, but should be at the top is charity.  Once you have enough, there are many out there who could use your help,and individuals do a much better job of helping their neighbors than government programs and impersonal charities.

Arie J. Korving, CFP Co-founder, Korving & Company 3


Arie J. Korving, a CERTIFIED FINANCIAL PLANNER™ professional, has been delivering customized wealth management solutions to his clients for more than three decades. Prior to co-founding Korving & Company, he was First Vice President with UBS Wealth Management and held management positions with General Electric.

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