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Trustafarians: Trust Funds & How To Get One
Many of us when we hit eighteen look forward to drinking inordinate amounts of alcohol - legally – going to an 18-rated movie and legally do all those things that have been denied us for so long.
A few - let’s call them Paris and Tara – will have the added bonus of a call from their bank manager. “Hello,” he’ll say. “Since you are now of age, I am required by law to hand you the contents of an account set up in trust for you. You, my dear, are sticking rich. You lucky s**.”
Being the recipient of a trust-fund windfall, is something we cannot all be - but we can tell you what they are and why they are.
How To Be Rich: Ruby Sapphire And Diamond Encrusted Rene Caovilla Sandals
Shoes. Most need two. Some need one. Jake The Pegg required three. But if you are rich you get these.
Worth £62,000 (for two), this pair of ruby, sapphire and diamond-encrusted Rene Caovilla sandals are on sale at Harrods.
To guard the shoes, a live Egyptian cobra was hired to patrol the shoe counter.
(The cobra is bost useful and practical; it too can be turned into a pair of shoes.)
How To Be Rich: Robert Gabriel Mugabe's Guide To Wealth
The Croydonian notes:
Robert Gabriel Mugabe clearly thinks he merits a fair scratch, income-wise, as he is giving himself quite the pay hike.
He was budgeted to scrape by on Z$62,305,000.00 this year (about £124,000 at the official exchange rate) but this his been lifted to Z$1,462,305,000 (£2,898,182.13). Or somewhere in the region of a 2347% increase.
More here, and a currency converter here. The reckoning is that the market exchange rate is around Z$400000 to the pound, so the scoundrel has gone from £156 p/a to about £3656.
How To Be Rich: The DiMora Natalia SLS 2 Senses Your Mood Music
Anyone with £1million to spare can buy a supercar with brains.
The car can, it says here, read the driver’s mood and adjust the music to suit.
The makers of the DiMora Natalia SLS 2 sedan are excited by their product (cue Donna Summer).
It boasts a 14 litre, V16 ‘Volcano’ engine, creating 1,200bhp.
This may mean something to some of you. To others it is just a very expensive car with lot of chrome and a massive price tag.
It reaches 60mph in under four seconds. And can reach a top speed of 300mph.
And the Californian-built car is practical too. It has four doors to enable mum and dad to get the children’s car seats in and out of the back with ease.
If The City Boys Do Well The State Benefits
City boys earn too much money, say the critics. But they earn money for the taxman too:
In the Telegraph, John Whiting, tax partner at PricewaterhouseCoopers, says:
"If bonuses fall, it will be because corporate profits fall. And if you look at the way corporate tax revenues have shot up, it's been driven by two things: the City and the oil price. Now not only is the City suffering but even the crude price may be flattening out."He said that the taxman tended to recoup around 50pc of bonus earnings in taxes and National Insurance, equating to as much as £7bn last year. With City jobs website efinancialcareers.com predicting a fall in bonuses of a fifth or more, the revenue stream could be £1.4bn lower next year.
The City does well, the Treasury does well and the State does well...
City Bonuses Up As Firms Share Profits And Incentivise Workers
City Bonuses Up As Firms Share Profits And Incentivise Workers
“City bonuses hit record high with £14bn payout,” says the Guardian. And a question: “Vote: Is Labour to blame?”
Blame? For the City making money and being able to pay its jkey workers a share to the profits?
Analysis by the Guardian of preliminary data from the Office for National Statistics (ONS) shows that bonuses across the economy rose 24% this spring to £26.4bn, comfortably exceeding the country's entire transport budget. More than half, £14.1bn, was earned by the 1 million people in the financial services sector. The figure for 2006 bonuses was £10.9bn.
How To Be Rich: The $118,000 Tellurium J. Kepler Watch
A regular Friday look at what to dow ith your millions. How to be rich showcases the $118,000 Tellurium J. Kepler Watch.
“The time-telling device, whose name is inspired by Johannes Kepler, the 14th/15th-century astronomer who was among the first 'scientists' to properly research and document the laws that govern the movement of the planets, works in quite a strange and unusual fashion.