Jan 302014
 

I like to learn what rich people do. I hope to increase my net worth by doing the same as the wealthy. So far that has worked very well. When I learned that over 90% of millionaires owned their own home, I bought my own home. When I learned that rich people have more of their wealth in the financial markets than in their homes, I bought stocks! Well I’ve recently discovered a new reality TV show called Rich Kids of Beverly Hills, which follows the lives of 5 or 6 wealthy people in Beverly Hills, California 🙂

Dorothy, 25 years old, is the daughter of a self made retail entrepreneur. She spends most of her time shopping and she describes her current vocation as “funemployed and fabuluxe.” To give us an idea of how rich her family is she said “Honestly I’m not really sure how many Birkins I have, I’ve kind of lost count.” lol.

13-01-richkidsbags, Rich Kids of Beverly Hills

But of course every girl needs to have aspirations too. Dorothy says that when she grows up she wants to be “the Asian sensation of the world.” Seems a bit ambitious to me, but that’s what I admire about the rich, they set larger than life goals for themselves. 😛

Some rich people I know are stingy when it comes to money, but not these Rich Kids. They all seem like charitable people, especially Dorothy. She said “everyone has to give back once in a while.” She organized a blood drive to give back to her community and invited lots of people over for juice and cookies. And when she hosted a penthouse party for her friends she spared no expenses 😀

There were bottles of Dom Perignon Champagne, Caviar canapes, and many other luxuries. The final bill came to $30,937. Hey Dorothy, can I be your friend too? 😉 haha. But not only did she treat all her friends like royalty, she also gave the server a $10,000 tip! Yes, that’s a 32% gratuity. Hot diggity dog that is seriously generous! ( ゚д゚)   13-01-richkidsbigtipper, Rich Kids of Beverly Hills

Dorothy mentions that “You can’t really put a price tag on a great night out. Having memories that will last forever is Priceless.” Many financial experts would agree with her. We should buy experiences rather than things. 🙂 The “black card” mentioned in the picture above probably refers to the American Express Centurion credit card, which features a dedicated concierge service plus other perks and benefits, but has a $2,500 annual fee. 😕

Dorothy’s friend Morgan, also on the show, is 26 and fabulously rich as well. 🙂 She owns over 200 pairs of Christian Louboutins, which she says cost $1,500 a pair on average. 😕13-01-richkidsloubs, Rich Kids of Beverly Hills

Morgan has her own blog called “Boobs and Loubs,” because she has big boobs and is obsessed with Louboutins, 😆 This is great inspiration for me because I have a blog as well. 🙂 Her boyfriend is a successful real estate broker and is also on the show. He sold his first home at only 19 years old for $15,000,000. Today he is 25 and making millions still doing what he’s passionate about: selling homes! This is the type of person I can admire and learn from because he’s young and driven. 🙂

13-01-richkidsbrendan, Rich Kids of Beverly Hills

Learning from the Rich Kids

This show is different from the Real Housewives reality TV series because these Rich Kids are all in their mid 20s, like me. (^_^) This means I can relate to them more. 😀 The first episode premiered last weekend and I’m learning a lot already. There’s a saying that rich people surround themselves with like-minded people. Hopefully by watching this show I can learn the habits of these Rich Kids and slowly become wealthy too. 🙂

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23 Comments on "Rich Kids of Beverly Hills"

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Alicia
Guest

Oh my gosh, I am can’t believe this exists, and I watch BAD tv. 🙂

At least she’s charitable…

MakintheBacon
Guest

I would say you’re already quite wealthy, if you’re in your mid-20s and on your way to financial independence by 35!! 😉 I am also a firm believer in surrounding yourself with like-minded people, especially when it comes to finances. Unfortunately, I feel no one in my personal life, with the exception of my mom likes to talk about personal finance. I always hear people say they never have enough money or it’s too early to start saving for retirement. Thank goodness the pf blogosphere exists and I can share my views with like-minded people. 🙂

Charles@ gettingarichlife.com
Guest

Amazing that they got that show from their Instagram fame. If I had friends like that I would be fabulous. It s my wife new favorite trashy show

Marvin
Guest
Marvin

I like your theory, I do the same. But if I was rich there is no way I would be giving my child access to that type of money. No way! He or she will understand that I AM rich, not them.

Marissa@Thirtysixmonths
Guest

This was really incredible! Memories really are more important than money. I am very inspired to this 19 year old boy, which in his young age started to be a businessman and become a millionaire! This article would be very inspiring too to other readers!

save. spend. splurge.
Guest

What I’ve noticed is that money attracts money.. which makes sense (same social class, status)..

But I am with Marvin. I’d never give my kids that kind of money.

I am of the belief that it kills motivation or ambition in them and they end up being .. well, bums, and bums who have children who are also bums, tend to perpetuate the cycle and eat through all the wealth in 3 generations and end up with nothing at the end.

Mo' Money Mo' Houses
Guest

I heard about this show. I might have to check it out because I’m so curious.

Financial Underdog
Guest

You should check out Rich Kids Instagram:

http://richkidsofinstagram.tumblr.com/

It’s kinda disturbing!

Michelle (@BudgetBloggess)
Guest
Michelle (@BudgetBloggess)

They need to do a show called I was rich but spent all my daddy’s money and now he’s broke. Now that would be interesting….these reality shows just get worse and worse, what is that teaching young generations? I hope they look at it from the perspective that they too can be successful and rich and not from the perspective of spend the money I don’t have to get the same lifestyle. Eeek!

Mo' Money Mo' Houses
Guest

So now I’m kind of addicted to this show, thank you very much haha.

ShopMyClosetProject (@ShopMyCloset12)
Guest

This makes me tired. When I’m rich I won’t let my kids know so they don’t turn out like these kids.

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[…] they will realize that no matter how much money they have they will never be satisfied. The Rich Kids of Beverly Hills are more examples of wealthy millennials who are often stressed out and discontent with their […]

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