The Young and Disenchanted

“Get Money” – The Trust Fund Baby

Posted on: 3 February, 2009

“Get Money”

So, the other day I was watching “Boiler Room,” a movie about shady stockbrokers who sell people shares that don’t exist. In the current climate, that story sounds like a Madoff scheme. A quote from the movie boiler room got me and my friends pretty excited. The quote went like this:

“They say money can’t buy happiness? Look at the fucking smile on my face. Ear to ear, baby. Anybody who tells you money is the root of all evil doesn’t fucking have any.”

I am a lover of money. Who isn’t? If you are not, something is wrong with you. I digress. As a young lover of money you are definitely going to see kids with the latest cars who travel all over the world first class, who call Donald Trump Uncle Donnie and all that good (or not so good) stuff: enter the world of the Trust Fund Baby (TFB). While we’re trying to get money like the 50 Cent song says, they’ve got it, spent it, played with it and are bored of it.

Who is the TFB? We often have a love/hate relationship with them. On one side, the media paints the picture of a spoiled brat who has everything that the masses envy, and on the other side (weighing two thousand pounds and in red trunks) is the image of the kid who has all this money but is sad on the inside, and therefore does coke and all sorts of drugs to get the illusion of the happiness that money does not bring.

Because unhappiness is when you can say, “Ooh I’m sad because my dad bought me a Mercedes instead of a Maybach.”

Once again I’ll reiterate: don’t that sound like some crap spewed by some Freudian misfit who thinks everything is linked to a crappy childhood? That’s just my opinion. If you disagree, write yours below.

This is what I think of the TFB:

1) They are the kids at every party in college. They have fun, and all they need to do is get a passing grade to claim their wealth (A certain Yale graduate with the middle initial W comes to mind). It doesn’t matter if it is a frat party or a party they host at a club. They buy people drinks and come with a large entourage, even though everyone wonders how such an asshole has so many friends. I say this with no saltiness implied: some TFBs are indeed very nice people, but those are mostly the ones who aren’t too ostentatious. These are the kids that also think up of ideas like an all-naked party or a swingers party in college when clearly they could get into a lot of trouble if found out. No worries for them though: Daddy will pay for a new building to smooth things over with the administration.

2) The really really wealthy TFBs try to keep it on the down low. Yes, they might hang out with regular kids, but we all know that some of these kids might have their own islands and stuff. Believe me, they are purposefully trying to sell themselves short. This comes with the Freudian hullabaloo I was talking about earlier: the exceedingly wealthy kid who was wealthy from a younger age looking for genuine friends and validation. But then again, I might be making gross generalizations. Maybe the wealthiest dude at your school has the Rolex on, rides a big ass car with 32 inch rims that rotate counterclockwise and the sweet ass DVD players on the seats.

3) In most cases they have no comprehension of struggle and can have their parents bail them out of anything. This point though applies to any spoilt brat out there. In some sense, the Trust Fund Baby is dependent and independent at the same time: independent because they got all this money and they can experiment with ideas and can use their money and influence to get what they want, but dependent because this money is not theirs.

From my experience, I noticed that my parents interfered in my life a lot less when I started doing some work at school and didn’t ask them for money that much. Even though the difference was minimal, I was able to do what I wanted: take trips to Vegas if I wanted to without asking anyone because it was my money. In this sense, the TFB is dependent on the source of money because they do not – or cannot – typically do this.

So what gives me the right to write about the TFB when from all indications I am not one? Well, there is the right to free speech. AND I am of the inclination that my hustle as a young and upcoming person is for the sole purpose that my kids become TFBs in the future and have that dynastic wealth. Of course, many of my opinions are somewhat stereotypical, but every stereotype has an element of truth to it. You are partly a product of nurture. Some TFBs vary from this general outline: the above discussion doesn’t completely apply to them.

In my mind’s eye, the Trust Fund Baby is invincible. For all intents and purposes, I will say that for the young and disenchanted, money DOES buy happiness and if it is the root of evil, we all like evil and are naughty so its nothing but a g thang.

I am trying to get money and you know you are too.

Since I tried so hard to embed the youtube video to the 50 song but couldn’t, I will put the link. Not that I am a 50 cent fan – I think he is a schmuck and should have his minoris (balls) cut off. Hip Hop Murderer!

Here is the link:

PEACE, LOVE AND IGNORANCE

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4 Responses to "“Get Money” – The Trust Fund Baby"

This is just hilarious! I definitely agree a bit with what you are saying. It is important to note that there are variations from the stereotype but the trust fund baby is interesting and is the topic of tv shows such as Gossip Girl, 90210, Dirty Sexy Money amongst others. Shout out to the gangster looking Benjamin Franklin!

Some of the shows are just crappity crap. By that I mean 90210. Trust fund babies are highly flawed, some might blame the money but i blame the parents and the up bringing. you can be worth billlions and still be strict with yuor kids. Money in large amounts gives opportunity not burden to people

Your thoughts are disjointed and jumbled – they do not belong on paper yet. Its obvious you are opinionated due to an inbred frustration with not knowing the right path to wealth. For the most part, you aren’t to blame. However, in our society, there is a very specific formula for gaining respect and higher earning power – education. The better the education / the better you do at the education process, the more society can trust you to make the right decisions regarding resources (e.g., even you have a brilliant idea, and you’re an uneducated bufoon with no track record of academic success, I wouldnt give you a fucking dollar to play with). Education is a universal metric. And jobs like “investment banking,” “management consulting,” “private equity,” “engineer,” “physician,” “J.D.,” “Ph.D.” are all in the same bucket … if you dont want to let luck guide you by the balls to wealth, you’ll do well to invest in your education rather than try to “hustle” your way to the top.

Oh, and your personal level of misery / difficulty / lack of work-life balance, is a good metric for how well you are positioned to eventually reach wealth (guaranteed)

Al’s an asshole, but besides that he has it all wrong. Fariku’s thoughts are disjointed and jumbled, hmmm? Looks like someone didn’t have a mirror handy.

So education is the path to success. Nevermind the many college dropouts who skipped the degrees and went on to become industry titans. Besides them, Apple once hired a 14 year old straight from 8th grade to develop Quicktime products (the kid couldn’t even program, he was just really persuasive and persistent (google Tom Williams Apple)). Clever networking (also, being born rich) is much more valuable than a 4.0 gpa. As the author noted, look at Dubya.

America is no meritocracy. The social mobility in this country is actually disappointing. The real solution is either a.) moving to one of those small european countries with amazing standards of both living and education, or b.) voting, so that America can become like those small (socialist, btw) european countries with amazing standards of both living and education.

Also, Fariku, I have plenty of confidence in your ability to eventually reach wealth.

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