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Hobbies are pointers to what we do for pleasure, but class and clique, it often appears, could be decisive factors in the choice of hobbies, especially among the posh and expensive.
1. Hiring People to Indulge in Your Hobbies
Are our hobbies usually tuned toward personal experience? ‘Hiring people to indulge your hobbies is about as 1 percent as one can get.’ Someone has said.
In the scenario cited by this user, they have a neighbor who makes substantial income racing the yacht of the super-rich. Another user joked that’ll make an exciting job specification since the yacht rider spends far more time yachting than the owners.
2. Investing in Real Estate
For many 9-to-5ivers, what comes to mind thinking of real estate is the generation of wealth and protecting your quids against biting inflation.
The perspective does not take such a severe tone for the super-rich, according to this person who recounted a meet and greets with a new top gun at her company whose fun time interest is in acquiring real estate.
Related: See how to get started in real estate investing with the BRRRR method
3. Racetrack Membership
Someone who claimed to work at Porsche described racetrack membership as one hobby common to the la crème de la crème. ‘Many clients have racetrack memberships where they garage their cars and have track days. $80-90k initiation fee, $10k annual fee for some memberships.’ The user explained. That’s a lot of money to spend on any hobby, you would agree.
4. Summering
Where do you, Summer? According to one person is the question of the cliquey that points to the luxuriousness of their hobby. In response, another user jokingly remarked, ‘in my bedroom.’ Someone else lit the thread when they replied, ‘same as the winter.’ Another user raved, ‘And Spring, and Fall. I year in the same spot.’ Several users agree that summering is a unique tagline in the fun time conversation of the wealthy.
5. Traveling
While traveling can be done cheaply with proper planning, ‘doing it cheaply multiple times in a year’ speaks boldly of wealth, according to one user. This person argues that round-the-year traveling does not only speak fluently of unbridled wealth because it is costly but because having the financial muscle to spend without being present at work is another level of upscale net worth.
Related: Learn how to travel cheaply
6. Playing Tennis
Several users opined that playing tennis as a hobby is one totem of wealth that should not be disregarded. Someone said that while tennis may be inexpensive, most millionaires readily adopt it as their favorite hobby. Several other persons, however, disagree with the affluent nature of tennis as a hobby, arguing that the hobby’s elevation as an opulence emblem is more a thing of cultural significance rather than a symbol of surplus.
7. Buying Custom Homes
One person shared a story about crossing paths with a billionaire in an office bathroom who didn’t understand why home buyers would splurge money on homes without customization; another answer is that the billionaire’s hobby is one catalyst for the scarcity of affordable houses to low-income earners.
8. Collecting Art
Several users say that the art collection is a hobby of the super-rich, primarily because of the ridiculous prices of certain bids and auctions for prized art.
9. Mountaineering
Across the Himalayas to Everest, mountaineering is a popular hobby of those with big bags, according to one person’s account. This individual claimed a childhood friend who is a tour guide on Everest and charged as much as $200k in the booking. Someone else supported the propensity of this claim to be true when they stated that countries like Nepal charge as much as $10K for the climbing permit.
10. Philanthropy
Can giving be classified as a hobby? Turns out it is the top-drawer hobby of the most-moneyed, going to the narrative of several contributors. Philanthropy is the prerogative of the aristocrats.