Thursday, January 14, 2010

Livestyles of the rich and bankers...

Reading this is only recommended if you want to take a look at a lifestyle most of us can only imagine, unfortunately paid for in part by our tax dollars that went to help fund bank bonuses...

Vacation: $40,000+

On top of essentials such as education, many bankers will use the fresh cash to get away. One banker, who wanted to remain anonymous, said he'll be escaping his crushing work schedule as an associate by spending three weeks in Argentina.

He's not at the level of the uber bonus - yet - but he may someday join the ranks of those jetting off to the newest hot spots. African safaris are becoming de rigueur, and Ashley Isaacs Ganz, founder of Artisans of Leisure Travel, said the Middle East, Spain and Morocco are very popular.

"Our luxury travelers are fascinated by the history in Israel and nearby Turkey and really want to have in-depth cultural experiences," Ganz explained.

A trip like that can cost $40,000 for the whole family -- on a budget. Plus, these travelers have to consider whether to bring the nanny. That costs an extra plane ticket, sure - but you just lodge them in the kids' room. So the overall expense -- considering a half-million-dollar bonus -- isn't exactly crippling.

For something more intimate, Ganz said, people are asking her to arrange on-site babysitters or be booked in hotels that offer kids clubs.

"With more money, they can bring more of the family along and go to more exclusive and smaller, boutique resorts," said Pedraza.

The real high-rollers, however, can't just go to Aspen for a much-needed vacation. They look for the unexploited experience -- like renting a rehabbed ghost town in the Colorado wilderness. And for that they'll pay $17,500 a night for the Dunton Hot Springs.

Or maybe they could charter Richard Branson's yacht for a week.

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