Tag: Money management

Old Money Fashion Note

October 4, 2014

Trends will come and go. Lapels will be wide, then narrow. Certain colors will be “in” this fall and “out” next spring. “Must have” accessories will appear almost monthly. Ignore this consumer merry-go-round. Dress in classic, traditional clothes. And gentlemen, please remember: your sport or suit jacket should be long enough to cover your butt … More Old Money Fashion Note

Why Old Money Really Is ‘Above The Law’

September 5, 2014

I have several friends–OMG’s all–who work in the financial sector, most managing portfolios of established families and high net worth individuals. Once a year, usually at the end of the summer, they try to get together, soak up some shade (they’re a shockingly pale bunch, for some reason) and commiserate about the state of the … More Why Old Money Really Is ‘Above The Law’

Speaking of Values, Susan Cheever

August 13, 2014

How modern preppies got the style but forgot the values. by Susan Cheever. Published in Newsweek on August 6, 2012. SUMMERING used to go with trust funds and prepping at St. Paul’s and double-barreled names that ended in Roman numerals. These days summer at the beach has become an American right that we hold to be self-evident. … More Speaking of Values, Susan Cheever

Life is Like a Restaurant

August 3, 2014

Life is like a restaurant. When you arrive, the place is already up and running under written regulations and unwritten rules that you may never know and that are unlikely to ever change. You enter and are probably treated as politely as you treat those who run the place. You are judged to a certain … More Life is Like a Restaurant

When Will You Pay the Price?

July 23, 2014

Unless we’re born into very fortunate circumstances and manage to make great decisions at every phase of our lives and manage, let’s face it, to be incredibly just plain lucky, we’re going to have to make some sacrifices at some point. These can be choices about education, career, family, health, but there’s one thing that’s … More When Will You Pay the Price?

Old Money: The Great Pretender

July 1, 2014

Last week I visited the house of an OMG (Old Money Gal). She was dressed simply and elegantly in a Chanel suit that I know for a fact she bought at least twenty years ago. (She’d just returned from a charity lunch). Half the old furniture in the living room was upholstered in luxurious fabrics … More Old Money: The Great Pretender

Is Kevin Bacon Old Money?

June 7, 2014

It’s much easier to maintain or adopt Old Money Values when your life, and its incumbent joys and regrets, are experienced in relative privacy. By relative, I mean that if you make a fool of yourself, the circle of embarrassment is limited to your family and a few (hopefully) understanding friends and colleagues. Being a … More Is Kevin Bacon Old Money?

Old Money and Inflation

April 29, 2014

You may have already felt it and been unable to put your finger on it. Or you may have felt it and knew exactly what it was. You probably feel powerless to do anything about it, even as it impacts your life, and the lives of those you care about enormously. It’s inflation. It’s your … More Old Money and Inflation