Category Archives: Wealth

A New America – How are we adapting…

I was at an event last evening, one that was billed as a networking event. In the true southern tradition, the front yard of the host house was highlighted with palmetto trees, a long white stairwell, and a front porch decked in rocking chairs and ceiling fans. This was an elegant home with modern technology, an indoor pool and its own build in wine chiller next to the refrigerator unit. This was the home you would see from a true southern gentleman or couple who has made a financial stake and maintained it along with an elegant lifestyle. Dare I forget, just a block from the ocean.

The evening air was filled with wine and conversation. Some subtle and simple and others a little more open and risque. This event had a spread of food and beverage, but not the expectation one would have expected from this type of event, at least this observer. The wine was inexpensive, plastic cups were the glasses of choice, chips were in bowls with the bags on the table and cupcakes were in Tupperware storage units. This looked more like a Super Bowl party I would have thrown if I had a day to prepare.

As I sat by the pool trying to figure out if people were networking for career opportunities or networking for company that evening, I witnessed a new society. Not one of riches and wealth, but one where people accepted their means. I would later learn from the host that his retail enterprise has been hit hard by the recession and he still maintains a hands on approach to his stores and has not been able to extend himself to the pleasures of vacationing. He is still a very active member of the community who has connections and options financially, but when you spent a few minutes with this man in khaki shorts, a blue tee shirt and boots, you didn’t see a self made business man with a 2700 foot house on the beach, 10 foot projection television and second floor indoor pool. You saw a lover of the beach, a desire to help others, a wine enthusiast and an individual that understands there are limits to his lifestyle due to the economy.

When I indicated that there is a strong likelihood that this recession or recessionary behavior may not end until 2016 or later, there was a deep sigh.

This conversation and observation on the new America was not depressing or even surprising. It was a glimpse at behavior that has been around for millions of years; adaptation and survival of the fittest. Whether you have fallen under the times of poverty or lost significant wealth and status, so many of us are willing to make life adjustments, ride out the storm and accept that this is who we have become.

Life is and has always been a game of survival. We are given the pawn of life and met with challenges each and every day. I know there are many that are and will continue to fight to keep the social level they feel they have earned, but sometimes you have to let go of the rope and allow yourself to fall. No matter what social bucket we fall into, our influences, our loves, our support will not waiver. They were built on the foundation of caring and love. That doesn’t change with money, social lifestyle or expenses. For some it might and that is something each of us has to internalize and decide for themselves.

I have been fortunate with a supportive family, a great circle of friends, a career that I love and the ability to do the things I love to do.

Last night was a glimpse into a new America and a new world and my admiration goes out to those that see adversity and are not only able to adjust but to accept a new journey in life.


We Live in Fucked Up Times…So Buckle Up and bring a Teddy Bear

A new study of the census data shows that median net worth of Whites is 20 times that of Blacks and 18 times that of Latinos. You heard that correct. Between 2005 and 2009 median wealth fell by 66 percent in Latino households and 53 percent in Blacks. Yet among White households, that number fell only 16 percent creating the biggest net wealth differentiation in over a quarter of a century (
http://bit.ly/rodebN
).

If that was disturbing enough, it would make sense to add fuel to the fire. Ferrari announced today that global sales are up 11.8 percent from 2010 and 23.9 percent in the United States alone.

For the period ending July 31, 2011, Tiffany and Company saw net profit rise 19 percent (67.7 Million vs. 56.8 Million at this point last year).

Ok, show of hands, who is a little upset with the way things are going right now? Don’t be shy.

Today, we voted to raise the debt ceiling…Everything solved, yet the Dow Jones fell 2.3% and fell under 12,000. Hmmmm, that is unusual. Could it be because consumer spending is falling and manufacturing is at its lowest production rate in over two years. Oh yes, let us not forget that the unemployment rate is still at a staggering 9.4 percent.

Wait, there is more. Christie Auction House reported taking in 3.2 Billion Dollars for the first half of 2011 helped by a single Warhol piece that fetched 38.4 Million (
http://bit.ly/rot9II
).

New Home sales are down, durable goods production/sales are down, foreclosures continue to be steady or on the rise, food prices and gas prices are on the rise and every day middle to low income families are looking for answers.

Any thoughts or suggestions to ease the minds of those that are struggling to just stay above water?

At least Apple has as much operating cash to play with as the US Government as of Friday. No reason to fret about that since that money is offshore right now.

This is not meant to make you mad or even want to seek revenge. It is a reality, not one much different than realities of the past, but the life we are born into. We are a part of the circle of life that is continuously evolving. Is there a resolution? Is there even a problem? The beauty of debate is that there is justification for both sides.

Fair and equal treatment for all or survival of the fittest…Makes you wonder.

I can sit back and tell you things will get better. With patience and perseverance you will overcome this adversity and be stronger for it. You and I know that words won’t correct this hole that seems to be getting deeper and deeper. We are in unprecedented times. US population growth was 9.7 percent in the last decade and with increased population, increasing inflation and reduction in jobs, you don’t have to be a PhD economist to see where this is going.

There is a chance we will come out of this stronger. It is a long term investment in our future, but one that could help future generations to come. We need to see passed the greed and the gluttony and look to a time when brotherhood was the only world we knew. We struggled for hundreds of years to create a country that has now become the most powerful nation in the world. Yet, 250 years later, we are on the verge of destroying everything we worked so hard to achieve.

It is an individual choice. The answer isn’t war, hatred or jealously. The answer is compassion. Compassion for the poor, for the rich, for the content and for the struggling. Some of the biggest fears many of us face right now is life adjustment. We have grown accustomed to a way of life and now that has changed. Change is good. It isn’t about money, luxury or comfort. It is about the truly meaningful things in your life.

If you house burned down today, you will move on. All the material items would be gone, but in time a new life will be set for yourself and your family. Look at life that way. Each day should be viewed as a day of new potential.

Challenge yourself to accept change and do your part to make this a better place.
The solution will never be one single group event but a series of individual encounters that will collectively show signs of improvement….


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