I caught an episode of the MTV show “My Super Sweet 16” for the first time the other night. For those of you who haven’t seen the show, it “takes you behind the scenes for all the drama, surprises and over-the-top fun as teens prepare for their most important coming-of-age celebrations”. But, these aren’t average teens. These are teens of super rich parents and the money that gets spent on these sweet 16’s is ridiculous.
Besides being fairly disgusted with what the kids expected and received, I was curious as to how growing in that lifestyle affects their perception of money. At the end the show, the young girl made the statement that “My party cost over $200,000 and it was definitely worth it.”
Does she have any real understanding of money? Could spending that much money on a birthday party ever be worth it? How many better ways could you have thought of to spend that money? How much of her self-worth is based on her parents money, and what would happen if they lost it all? What kind of impact will getting everything she wants as a kid have on the rest of her life?
$200,000 for a party? Wow, that is truly insane.
At 16, does anyone have a good concept of what $200,000 is worth? Whether rich or poor, most of us live without an understanding of the scope of money until we have to manage our own.
That’s crazy. It’s so far outside of my realm of understanding it’s funny.
Shows like that make me sick. I finally (at the age of 28) have about 100k saved up and it took YEARS of saving and living below my means.
I just want to reach into the TV and slap people that do not know the value of money what it takes for ordinary people to even accumulate 200k ….