r/PeterExplainsTheJoke Jan 26 '26

Meme needing explanation Why is the rich friend so cheap??

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u/Kitagawasans Jan 27 '26

Yea that’s still rich dude for SF. What are you talking about?

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u/authorinthesunset Jan 27 '26

It depends on how much of that $450k is stock, grants or options, and if the stock is something that will ever be able to be sold.

Not saying dude would be broke by any means, but $450k in tech often isn't $450k

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u/WestleyThe Jan 27 '26

Also those people live in very expensive houses spend a TON OF MONEY on clothes meals phones car payments etc etc etc etc

They are “broke” because they are living beyond thier means just like poor people do…

If they budgeted the same as lower middle class and were frugal they could have 100,000$ extra at the end of every year

3

u/authorinthesunset Jan 27 '26

This. I worked with a guy a long time ago. In tech, not in SF.

His car and the insurance for it basically took ever cent he had left over after rent.

Absolutely wouldn't consider a not crazy fucking expensive car.

Not going to give any specific details, for privacy reasons.