Hehehe abeg o, the title is just cruise… We are in no way endorsing blood money, so chill out it’s all vibes)
Now to the juicy part of this article, we are looking at team ‘Old Money’ versus team ‘New Money’. We didn’t say anything about Team ‘No money’ because don’t worry, your money is coming very soon and you will fall under either of the two categories, that is if you work hard sha…
A lot of people generally perceive old and new money as the description of the source of one’s wealth. It’s interesting to note that it is not just the source that is being referred to but also the behaviours, habits and spending patterns of these two categories. In short, they give off different vibes.
Old money is money or wealth that has been passed down from generations while new is money that has been earned recently or at least in a person’s lifetime.
Old money is a story of families who have maintained wealth for generations and even till the present time, while new money is usually by entrepreneurs and celebrities. A grass-to-grace and rags-to-riches story is typical for this group.
While the topic may just seem vague and uninformative, we have a few lessons to learn from these two groups. We are comparing them and taking lessons from both old and new money.
Values
Old money is related to strong family values which is the core of their wealth. They have traditions that have been passed down from generation to generation that everyone must strictly adhere to.
It’s like an informal recipe for success that sometimes works or maybe not? While having strong values and traditions is wonderful, it is always good to give room for adjustments and modernization.
On the other hand, new money is characterised by present trends and values depending totally on the individual. There is an air of free spiritedness and not being accountable to anyone or anything.
The plus in this aspect is that it gives room for the implementation of different ideas and is progressive, the minus is that it can quickly lead to losses, without the proper values, the new money go soon finish.
Spending and saving
Old money geng saves and then spend, they are known to spend wisely and to be frugal. Since the money is for generations to come, you cannot afford to spend anyhow.
New money, nah… They spend the money as it comes. They are advocates for enjoying life while you still have the money. Team ‘New money’ will spend lavishly and they are not discreet about their wealth at all.
Investments
Old money is popular for their investments, and not just that, they have mastered the art of diversifying their wealth into different sectors through years and years of experience. They already know which ships will sail and the ones that will sink.
Old money is ready to take risks, especially for investments that have viable prospects. New money definitely makes investments although they might not be as large and risky as old money.
Lifestyle and hobbies
Old money geng have activities they engage in, in their free time, that might sound weird to a common man. I mean, there is money and they can spend it so no matter the price of pleasure, they are ready to pay. The funny thing is they do it low-key and do not necessarily have their whole lives on social media.
New money also has activities they love and are ready to do whatever makes them happy. New money usually has an active online presence, they belong to “the pepper your enemy gang”. They don’t hide life updates and beneficial information from their followers. They might even be ready to show you the way to make money.
Vibe
There is definitely a vibe both old and new money give off. Old money speaks of sophistication, class, being unruffled and just general “levels”. New money geng is just happy, free-spirited, passionate and just good vibes
You can become new money by intentionally improving yourself and building your wealth from scratch and you can pass this down to your generations.
Because you see this old money, hmm, it’s either you’re born into it or you marry into generational inheritance.
Well, whether old or new money, there is a need for hard work and consistency. Whichever you desire, start working now, and may your money find you!
So let us know, are you team old or new money? Let us know)
