Old money vs. New money

Old money vs. New money

Author
Discussion

theaxe

3,559 posts

222 months

Tuesday 22nd December 2009
quotequote all
Zod said:
It's a ridiculous snobbish distinction that holds that inheriting money is better than actually making it. Most old money is dissipated in the end by successive generations of inbred morons.

All old money was new at one stage and in many cases was stolen, extorted or earned by exploiting others.
I think this is true for the traditional definition of 'old money', ie. money held in the family for a long time. However now the terms 'old money' and 'new money' are less to do with how/when the money was made but rather how it is spent.

These days the term is mostly used by the middle classes who either aspire to be 'old money' or are jealous of those they perceive as 'new money'.

Lemmonie

6,314 posts

255 months

Tuesday 22nd December 2009
quotequote all
I remember about ten years wgo walking into a club in Knightsbridge and have some comments made about me and the friends i was with about us being "new money"

I was secretly quite chuffed someone thought i had any money!!!!!!!!!!!!! LOL

bazking69

8,620 posts

190 months

Tuesday 22nd December 2009
quotequote all
Old money doesn't brag about it.

MynameisRob

396 posts

193 months

Tuesday 22nd December 2009
quotequote all
TKMextreme said:
What is the difference between these and would you consider yourself old or new? I'm only 16 and wondered whether it still allies to the modern generations or whether it is just something my parents talk about because they went to public school?
You're 16 and you're concerned about the difference between old and new money? You're never getting laid laugh

okgo

38,041 posts

198 months

Tuesday 22nd December 2009
quotequote all
MynameisRob said:
TKMextreme said:
What is the difference between these and would you consider yourself old or new? I'm only 16 and wondered whether it still allies to the modern generations or whether it is just something my parents talk about because they went to public school?
You're 16 and you're concerned about the difference between old and new money? You're never getting laid laugh
hehe

Asterix

24,438 posts

228 months

Tuesday 22nd December 2009
quotequote all
I like the old fuddies that live in a huge pile with lots of dosh tied up in the estate and they pootle around in a 20yr old Peugeot 405 wearing tweed that was threadbare in the 40's.

Just like Dubai where I live...

Halb

53,012 posts

183 months

Tuesday 22nd December 2009
quotequote all
Herbie58 said:
smifffymoto said:
Zod said:
It's a ridiculous snobbish distinction that holds that inheriting money is better than actually making it. Mopst old money is dissipated in the end by successive generations of inbred morons.

All old money was new at one stage and in many cases was stolen, extorted or earned by exploiting others.
I think it isn't really about the money these day,more about the attitude to money
And even 'old money' can be terribly tasteless. 'class' is an entirely different subject.

I've more respect for someone who has worked hard, and earned their own money, than someone who was born into money with no respect for the hard work that's gone into its earning.
Quite, look at the fking Fultons.
Isn't old money just having a stty ancestor who stomped over everyone or sucked up to the King?biggrin

Tadite

560 posts

184 months

Tuesday 22nd December 2009
quotequote all
New money buys by brand old money purchase by quality.


Pothole

34,367 posts

282 months

Tuesday 22nd December 2009
quotequote all
TKMextreme said:
What is the difference between these and would you consider yourself old or new? I'm only 16 and wondered whether it still allies to the modern generations or whether it is just something my parents talk about because they went to public school?
I'd say you're old money or you'd just ask your parents. Do you call them Mater and Pater?

Engineer1

10,486 posts

209 months

Tuesday 22nd December 2009
quotequote all
Old money
- big old house/ stately home
- A grandfather/ greatgrandfather who didn't work but lived of the money in the estate.
- No cash now days but immense potential wealth
- old reliable cars

New Money
- big New house or "Posh" apartment
- grandfather /greatgrandfather worked in manual job or didn't work (unemployed)
- loads of cash, that is visably spent
- new flash vehicles, possibly extra flash,

ErnestM

11,615 posts

267 months

Tuesday 22nd December 2009
quotequote all
digitise said:
New money paid for this:

See now, if you were trying to illustrate "Old Money" it would just be a piccie of the bird with the phrase "Old money paid for this:"... biggrin

lauda

3,476 posts

207 months

Tuesday 22nd December 2009
quotequote all
Tadite said:
New money buys by brand old money purchase by quality.
Of course, someone of working or middle class origin couldn't possibly appreciate good quality in the same way that an in-bred mutant of the aristocracy could....rolleyes

Edited by lauda on Tuesday 22 December 17:38

neenaw

1,212 posts

189 months

Tuesday 22nd December 2009
quotequote all
As I once heard, "Old money don't have to buy their own furniture"
smile

NobleLord

1,065 posts

248 months

Tuesday 22nd December 2009
quotequote all
Loving some of these responses biggrin It's making it very easy to spot the PH Old Etonians and the PH Socialist union members wink

I know quite a few people at both ends of the spectrum and, on balance, old money people are far nicer to be around, more relaxed about life and less focused on making even more money.

Tomorrow evening I'm off for a pint with a good friend who's son is at school with my daughter. He drives an old series 2 Land Rover and a Citroen that should have died in 1975. He's usually seen wearing wellies and celebrates anything with a trip to the pub and a pint of 6X sat by the fire. He is as far from 'flash' as you could imagine. He also owns half of Wiltshire and a sizeable chunk of central London. That, dear boy, is old money wink

NL

H_Kan

4,942 posts

199 months

Tuesday 22nd December 2009
quotequote all
Zod said:
It's a ridiculous snobbish distinction that holds that inheriting money is better than actually making it. Mopst old money is dissipated in the end by successive generations of inbred morons.

All old money was new at one stage and in many cases was stolen, extorted or earned by exploiting others.
Couldn't agree more. I have far more respect for somebody who has worked hard to get the things they want rather then just inherit their assets.

HereBeMonsters

14,180 posts

182 months

Tuesday 22nd December 2009
quotequote all
A friend of mine will become "Sir..." when his Dad dies. Apparently his ancestor helped Charles II clear up "pockets of resistance" as they would now be called in Ireland, and lobbied to see him back on the throne.

His dad drives a 20 year old Nissan Patrol, his Mum a 15 year old Subaru Legacy. He was "asked to leave" Eton and finished up at Sherbourne. So there is money there, they just spend it where they see fit.

Marquis_Rex

7,377 posts

239 months

Wednesday 23rd December 2009
quotequote all
Bodo said:
Old or new is irrelevant today. Everybody can make money.
Interesting notion- I didn't think it was possible for mere motals (i.e not Bankers) make money in Any of Euro-socialist countries wink

unrepentant

21,258 posts

256 months

Wednesday 23rd December 2009
quotequote all
neenaw said:
As I once heard, "Old money don't have to buy their own furniture"
smile
That was Michael Jopling (as reported in Alan Clarks diaries) being derogatory about the owner of PH, Michael Heseltine, and said rather more about Jopling than Heseltine..........

Mobile Chicane

20,829 posts

212 months

Wednesday 23rd December 2009
quotequote all
NobleLord said:
Loving some of these responses biggrin It's making it very easy to spot the PH Old Etonians and the PH Socialist union members wink

I know quite a few people at both ends of the spectrum and, on balance, old money people are far nicer to be around, more relaxed about life and less focused on making even more money.

Tomorrow evening I'm off for a pint with a good friend who's son is at school with my daughter. He drives an old series 2 Land Rover and a Citroen that should have died in 1975. He's usually seen wearing wellies and celebrates anything with a trip to the pub and a pint of 6X sat by the fire. He is as far from 'flash' as you could imagine. He also owns half of Wiltshire and a sizeable chunk of central London. That, dear boy, is old money wink

NL
'Bragging' marks you out as new money, though you might be rubbing shoulders with the old. wink

maser_spyder

6,356 posts

182 months

Wednesday 23rd December 2009
quotequote all
Marquis_Rex said:
Bodo said:
Old or new is irrelevant today. Everybody can make money.
Interesting notion- I didn't think it was possible for mere motals (i.e not Bankers) make money in Any of Euro-socialist countries wink
Well, they make it as difficult as bloody possible, but you can do it. Just.