#high net worth individuals

[gem-femmes]

do you see a lot of obvious hypergamy in your circles?

My experience with “Old money”& “New money” in Europe and England 🇬🇧🇪🇺🏛️💰

Europe 🍷📚💼

I come from a young country, so there is no “old money” circle to speak of in the sense of wealth spanning several generations of a family. All money here is relatively recent.

Older HNWIs (my parents' generation) mostly married people from the social circles they grew up in—uni or friends—and they usually became wealthy together. It's also the story of my parents.

In the older generation, I know a few hypergamous couples. Usually, the woman is the second wife/partner to a wealthier older man after his divorce or becoming a widower.

The children of this older generation are my age. Almost all of them are marrying people from the same background/social class. These people are mostly low key and hardworking.

No one is flashy in their everyday life, but you'll eventually find out about expensive cars, boats, yachts, watch collections, numerous properties they're renting out, vacation homes etc.

It's different with people who are the first generation of “new money”, usually self-made men in their 30s and 40s. In these couples who have just entered “new money” circles, I guess hypergamy is more frequent and obvious.

The aesthetic for women in this circle is different flavors of high maintenance. Everyone in this circle, men and women, enjoys showing off to some extent, expensive bags, watches, jewelry, cars, vacations, media appearances.

The “new money” people and children of HNWIs are like night and day, even though we're the same age.

The funny thing is that because pretty much everyone who's rich here made their money in business, these two social classes often intersect, working together as business partners. But socially, there's a very clear divide.

England 🏇🎻🍾

As for my experiences with “old money”, I was educated in England and still maintain ties there. England is populous so there's a huge variation of “new money”, and I won't get into that.

“Old money” English people can fly under the radar of foreigners at first glance because they have all those funny unspoken rules that new stuff and mainstream status symbols are gauche (eg. furniture, electronics, Birkins). Their residences are likely to be falling apart. This is perceived as "character" and "charm" in England.

But then you learn about their niche hobbies such as flying internationally regularly to watch their favorite sports team's matches, hunting in African countries, funding random vanity projects to keep their wayward kids out of trouble (they all give up in a year), and traveling between their various estates to just chill.

I enjoy visiting my English “old money” contacts, they are polite and generous, they can be genuinely sweet. But it's also obvious that they won't ever consider outsiders part of their circle, thus making hypergamy all the more challenging. You don't "network" with these people, the circle is closed.

There's this persistent, slightly sour undercurrent that collectively, they're not taking you seriously at all. Social class is set in stone in England, you don't transcend your station in life no matter how rich you become or what family you marry into.

I detected this undercurrent quite early when I moved to England and it put me off trying to get closer to them in whatever capacity. I didn't feel that it was worth it because I already have money. Hypergamy in this environment, taking into account the cons I sensed, wouldn't be a significant enough life upgrade for me. As an outsider, I could never be sure about their intentions.

Being easygoing and not nosy inadvertently turned out to be the right approach to keep lasting, if superficial connections with them.

There has been some interest of romantic/sexual nature on their side.

An anecdote I can share is once an older gentleman tried to set me up with his “tall and blonde” son. I already knew him well at that point but I still questioned his motive. I was young, sweet and naive, and at the time many wanted to take advantage of these qualities. Or maybe he genuinely thought well of me. Perhaps he wanted to test me, see what I'd do, for pure amusement. Who knows.

[latita-africa]

How to solve tax debt: A step-by-step guide

Facing tax debt can be overwhelming, but taking the right steps can ease the burden. Here’s how to manage your tax debt effectively, and how Latita Africa can assist you throughout the process.

Step 1: Assess Your Tax Situation

First, gather all relevant tax documents. This includes previous tax returns, payment receipts, and any correspondence from SARS. After organising your records, take the time to review your debt to determine the total amount owed, including penalties and interest.

Step 2: Explore Your Rights and Options

As a taxpayer, it is crucial to know your rights. You have the legal right to challenge assessments and request explanations from SARS. Additionally, consider your options; you might qualify for a payment plan or could negotiate a reduced amount. Applying for tax clearance is another valuable step worth exploring.

Step 3: Seek Professional Help

Consulting with a tax expert can significantly ease your burden. A tax advisor will guide you through complex tax laws and SARS regulations. Latita Africa offers professional services designed to assist you at every step of the way.

Step 4: Communicate with SARS about your Tax Debt

Initiating communication with SARS is essential. Openly discussing your debt can lead to the best resolution. Furthermore, Latita Africa can help you draft clear and professional correspondence to facilitate this process.

Step 5: Arrange a Payment Plan

If paying the full amount is not feasible, evaluating payment plans is critical. Inquire about setting up a plan that suits your financial situation. By allowing Latita Africa to negotiate on your behalf, you may secure more favorable terms and ensure compliance.

Step 6: Stay Compliant with Future Tax Obligations to avoid Tax Debt

To prevent future tax issues, staying on top of your filings and payments is vital. Latita Africa provides ongoing services that help you maintain compliance with SARS, ensuring you remain informed about your obligations.

Step 7: Make use of Tax Debt Services

Finally, relying on expert assistance can make a significant difference. Latita Africa offers a range of services, such as tax assessments, debt negotiation, and legal support, which can simplify the process for you.

Conclusion

Managing tax debt doesn’t have to be a stressful experience. By following these steps and leveraging Latita Africa’s expertise, you can regain control of your finances and ensure future compliance.

This guide is for informational purposes only. Please consult a tax professional for personalised advice.

[spotlightstory]

"After farmers, the next biggest group of investors is high net worth individuals, he said.

Bezos, the founder of Amazon, owns about 420,000 acres of U.S. farmland, according to media reports. Gates, co-founder of Microsoft, has nearly 270,000 acres. The United States has more than 895 million acres of land in farms, the USDA has reported.

About 60 percent of farmland sales through Halderman Real Estate Services are to farmers, said Howard Halderman, the company’s president. Forty percent are to investors. Of that 40 percent, 38 percent want to own farmland because they grew up on a farm. Two percent are institutional buyers, such as endowments and pensions."

Article by a farm management / real estate firm. I suspect there is more to the story.

[homes-4-life]

Bayz 102 Dubai: A Strategic Investment Hub for Global High Net Worth Individuals

Introduction: In the glittering landscape of Dubai's real estate market, a new star is rising that promises to redefine luxury living and investment opportunities for high net worth individuals across the globe. Bayz 102 Dubai, the latest masterpiece from Danube Properties, is not just another addition to the city's iconic skyline – it's a testament to architectural brilliance, strategic location, and unparalleled investment potential. As we delve into the world of Bayz 102, we'll uncover why this development is capturing the attention of discerning investors from New York to Shanghai, and everywhere in between. Get ready to explore how this crown jewel of Business Bay is setting new standards in the realm of luxury apartments Dubai, and why it's poised to become the next big thing for those seeking to diversify their international property portfolios. Let's embark on an exciting journey through the corridors of opulence and smart investment that Bayz 102 Dubai represents!Bayz 102 Dubai: The Crown Jewel of Business Bay ApartmentsImagine waking up to panoramic views of Dubai's breathtaking skyline, with the Burj Khalifa piercing the clouds just outside your window. This is the daily reality for residents of Bayz 102 Dubai, the latest architectural marvel to grace the prestigious Business Bay district. But Bayz 102 is more than just a pretty facade – it's a carefully crafted ecosystem of luxury and functionality that sets a new benchmark for Business Bay apartments.From the moment you step into the grand lobby, you're enveloped in an atmosphere of understated elegance. The interiors, designed by world-renowned architects, blend contemporary aesthetics with timeless sophistication. Each apartment is a masterpiece in its own right, featuring premium finishes, smart home technology, and layouts that maximize both space and views.But what truly sets Bayz 102 apart from other luxury apartments Dubai has to offer is its unparalleled array of amenities. The development boasts a state-of-the-art fitness center that rivals any five-star hotel, complete with personal trainers and the latest equipment. For those who prefer to unwind in style, the infinity pool on the sky deck offers a surreal swimming experience with views that stretch to the horizon.Families haven't been forgotten in this oasis of luxury. A dedicated children's play area and indoor games room ensure that residents of all ages have spaces to enjoy. And for those inevitable work-from-home days, a fully equipped business center provides a professional environment without ever leaving the building.One of the most exciting features of Bayz 102 is its commitment to sustainable living. The building incorporates cutting-edge green technologies, from energy-efficient lighting systems to water conservation measures, ensuring that luxury doesn't come at the cost of environmental responsibility

[nriwealth]

Discover top-tier wealth management services in California with NRI Wealth. Our expert team is dedicated to helping you secure and grow your financial future.

[wealthnsociety]

The Critical Role of High Net Worth Financial Advisors in CSR Certification Programs

In the dynamic environment of wealth management, the integration of Corporate Social Responsibility (CSR) has become a key element in shaping the ethical and sustainable practices of financial advisors, especially high net worth ones. This blog delves into the symbiotic relationship between high net worth financial advisors and CSR certification programs and sheds light on how their collaboration not only protects the financial interests of wealthy clients, but also contributes to the best of the best.

High net worth financial advisors, often tasked with managing a portfolio of significant wealth, find their people at the intersection of financial prudence and social responsibility. As clients increasingly seek to align their investments with ethical values, the role of these advisors goes beyond traditional wealth protection and growth. Integrating CSR certification programs into their professional repertoire is becoming imperative, signing a commitment to sustainable financial practices.

CSR certification programs serve as a structured framework for financial advisors to navigate the complexities of responsible investing. These programs cover a spectrum of ethical considerations, including environmental sustainability, social impact and governance practices. By pursuing certification, High Net Worth Financial Advisors will not only strengthen their expertise, but also gain a competitive advantage in a market where conscientious wealth management is gaining importance.

One of the remarkable aspects of CSR certification programs is their adaptability to different financial strategies. Whether focusing on impact investing, ESG (environmental, social and governance) criteria or philanthropic initiatives, these programs provide a comprehensive understanding of the integration of responsibility at work. This versatility equips high net worth financial advisors with the tools to tailor their services to the unique preferences and values ​​of their wealthy clients.

Beyond the immediate benefits for clients, the collaboration between high net worth financial advisors and CSR certification programs has far-reaching implications for social well-being. Responsible investment practices, guided by certified financial advisors, direct capital toward businesses committed to positive social and environmental outcomes. This alignment of financial goals with broader social impact reflects a paradigm shift in wealth management where prosperity is intertwined with a commitment to sustainable development.

In conclusion, the alliance between high net worth financial advisors and CSR certification programs is emblematic of a new era in wealth management – ​​one that goes beyond profit margins and embraces a holistic approach to financial management. As clients increasingly prioritize ethical considerations, the role of certified financial advisors becomes critical in protecting financial interests and contributing to the greater good. In navigating the complex intersection of wealth and social well-being, high-net-worth financial advisors are not just stewards of wealth, but architects of a more sustainable and responsible financial future

[thedacian]

A Comprehensive Guide to High Net Worth Financial Planning.

[karisocreates]

20 African Countries with the Most High Net Worth Individuals: See Where Your Country Ranks

20 African Countries with the Most High Net Worth Individuals

Discover which African countries have the highest number of high net worth individuals, ranked from first to last, and learn about the factors that contribute to their wealth. As Africa’s economy continues to grow, an increasing number of high net worth individuals (HNWIs) are emerging across the continent. These individuals have created significant wealth through various industries, including…

[khaled-red-blog]

Elon Musk casts doubt on the poll that wants him to leave as head of Twitter

Elon Musk casts doubt on the poll that wants him to leave as head of Twitter

Elon Musk cast new doubts on a Twitter poll that started about the future leadership of the social media platform that ended up asking him to hand over the top job. Nearly 58% of the more than 17 million Twitter accounts that responded to Musk’s poll by the time it closed Monday morning voted to resign as Twitter chief. Musk, who has used Twitter polls to validate his statements or decisions,…

[nitw]

youtuber i watch who's playing disco elysium rn passed the shipping container check on his first try at 3% chance and i was genuinely just as flabbergasted as he was

[maple-leaf-feet]

If City bankers are struggling to get mortgages, what are the rest of us supposed to do? Istg this is something you'd see in the background of a heavy-handed dystopian thriller to foreshadow total collapse.

[5ellaal5]

I am very passionate about bringing others into the MMT view

Taxes by the government that issued the currency make the money go away. Become nonexistant. Countries like the US do not need taxes to buy or pay for anything ever. Making taxes match spending is just brain games to hide power and make people seem helpless (and to excuse inactivity).

Governments/nations with fiat currency MAKE MONEY in the moment it is needed. However much is needed. The money comes to be in that moment.

Taxes by the government that issued the currency make the money go away.

If you let High Net Worth individuals keep the money and put it in savings or in other nations, it LOOKS LIKE it went away, but they can bring that money back at any point to do whatever they want…

And high net worth individuals have changed the laws and tax codes in most places on Earth so that when they make some nation’s money “disappear” into their account, they get to say “ooh look it made more money so now I have even more money to do whatever I want at any time I want”

Taxing the rich takes away their power. It makes that money nonexistent. It will not mysteriously grow. They cannot offer it to others. They cannot use it as collateral to get loans for more money.

And

At the same time

We can also decide RIGHT NOW TODAY NO BARRIERS (other than those in our minds) that we can make money* appear for whatever cause we need

Like UBI and ending child hunger etc

It’s just that currently

The people who decide what the Just-Made-Right-Now money pays for have chosen —HAVE CHOSEN AND ACTIVELY KEEP CHOOSING— to fund and arm a genocide by sending money (and future power) to weapons manufacturers and corrupt politicians.

Learn about MMT

And see what power we already have.

*“money” here refers to nations with fiat currency that haven’t pegged it to any other currency and don’t owe debt in another currency that they intend to pay

Eg USA, Great Britain, Japan

Not Eurozone, not individual US states,

not many colonized nations that have been burdened with World Bank or international private “investment” … unless they decide to simply not pay it or force their debtors to accept the indebted nation’s own currency

Tax wealth. Tax the rich. Dismantle inequality.

[alfredmarshall]

Mastering Your Money: Smart Financial Planning Tips

Ready to take charge of your finances? Learn budgeting, saving, and investing tips to secure your future. Master your money with these expert financial planning insights.

[trendynewsnow]

Brazil's Proposal for Taxing Billionaires Faces G20 Challenges

Brazil’s Initiative for Taxing the World’s Wealthiest Faces Challenges Brazil’s ambitious proposal for a new tax targeting the world’s wealthiest billionaires is encountering unexpected resistance during a crucial two-day meeting of G20 finance ministers being held in Rio de Janeiro. In comments made to the press prior to the gathering, Brazil’s Environment Minister, Marina Silva, acknowledged…

[wealthnsociety]

The Global Wealth and Society Endeavor

High Net Worth Investors (HNWIs) have a significant impact on the global economy and society in an ever-changing financial world. HNWIs have significant financial resources and unrivaled power, allowing them to shape the world around them. Recognizing the unique difficulties and opportunities that HNWIs confront, the Global Wealth and Society Programme has evolved as a cutting-edge effort aimed at empowering them through responsible wealth management and transformative philanthropy.

The Global Wealth and Society Program: A Wealth Management Paradigm Shift

Witness the launch of the Global Wealth and Society Program, a historic effort that brings together stakeholders from all backgrounds—financial institutions, charitable pioneers, specialists, and visionaries—all with one aim in mind: to promote sustainable and equitable wealth management. This ground-breaking initiative is driving transformative change in the wealth management sector by relying on communication, cooperation, and knowledge exchange.

The program's core objective is to inspire responsible and ethical investment practices among HNWIs. Recognizing the far-reaching implications of their investment decisions, the project strives to support sustainable investment practices that incorporate crucial environmental, social, and governance (ESG) factors.

Responsible Wealth Management: A Success Tapestry

Beyond the pursuit of monetary rewards, ethical wealth management weaves an elaborate tapestry of growth, tying investments into the fabric of societal advancement and environmental preservation. As HNWIs embraces sustainable investment practices, they provide the gift of making proactive contributions to global concerns like climate change mitigation, social equity, and poverty eradication.

Furthermore, this noble attitude provides numerous advantages to HNWIs. Sustainable investing, which is aligned with the intrinsic satisfaction of effecting positive change, has demonstrated its worth by providing competitive financial returns while wisely managing risks. This dual benefit emphasizes the importance and promise of the Global Wealth and Society Program.

Developing Strategic Philanthropy

As altruistic impulses stir among HNWIs, the Global Wealth and Society Program leads the charge in pushing for strategic philanthropy. Recognizing that well-intentioned endeavors sometimes fall short in the absence of well-defined plans and thorough preparation, the initiative enables HNWIs to map meaningful paths for their philanthropic ventures.

HNWIs may effect dramatic change in the communities and causes they care about by following their basic principles and leveraging their unique networks and experiences. Their altruistic endeavors achieve unprecedented heights of efficacy, thanks to the program's resources and experience.

Collaboration and Knowledge Exchange to Form an Alliance

The idea of collaboration and knowledge exchange emerges as the master alchemist in the furnace of success for the Global Wealth and Society Program. As HNWIs, financial institutions, philanthropic organizations, and specialists come together, a dynamic ecosystem emerges in which ideas converge, collaborations develop, and best practices spread.

HNWIs acquire essential insights and tools from this collaborative symphony, boosting their wealth management skills and keeping them at the forefront of sustainable investing and charitable trends. Simultaneously, financial institutions and charitable pioneers gain a thorough understanding of their respected HNWI clientele's changing tastes and wants.

The Global Wealth and Society Program takes on the role of a trailblazing force within the financial universe, freeing High Net Worth Investors to transcend conventional wealth management and embrace their intrinsic power as agents of transformational change. This innovative plan supports a world where society and the environment coexist together, and where HNWIs leave lasting, sustainable legacies with their money by supporting responsible investing and strategic philanthropy. The program establishes an exceptional benchmark for wealth management in the new era through an exhilarating symphony of teamwork and knowledge exchange.