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why are the wealthy attracted to golf

by Prof. Finn Crooks Published 2 years ago Updated 1 year ago
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9 Reasons Why The Rich Play Golf

  1. Golf Is Expensive The first and most notable difference between golf and other sports is the equipment needed to play...
  2. Golf Resorts Cater To High-Income Individuals In the same vein as the expenses associated with golf, the majority of...
  3. Golf Improves One’s Social Status One of the appeals of golf for wealthy people is it’s a...

Full Answer

Why do rich people like to play golf?

It's convenient to practice: Rich people have busy schedules, but with golf, you don't need to coordinate with a friend, you don't need to drive far, and you can practice pretty much anytime your local driving range is open - even if it's dark. Golf: How is par on a golf course determined?

Is it worth getting into golf as a young adult?

If you've paid for lessons, equipment, and many rounds on the course, a young athletic challenger with less experience is unlikely to be better than you. It's safe: Unlike biking and skiing (other sports that rich people are into), the probability of getting injured while playing golf is extremely low.

What are some legitimate sports for rich people to play?

A sport that's covered on ESPN's front page, sponsored by Rolex, features multi-million dollar athletes, and involves major athletic brands (Nike, Adidas) is legitimate sport. There aren't many other sporting options available to rich people that are legitimate sports, while offering safety, bragging rights, and a chance to excel.

Is golf a good sport to play in your 50s?

Fortunately for them, golf is a test of feel and skill more than physical fitness, so one can still achieve a personal best in their 50s and 60s. The barrier to entry is high: In golf, your competitive advantages are technique and experience -- things that rich people can get.

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Why are rich people obsessed with golf?

Rich people play golf because they can afford the financial costs necessary to overcome its entry barriers. In addition, besides being an enjoyable activity, golf provides a certain social status, and it allows them to network with other wealthy individuals.

Why is golf so elitist?

One major reason that golf is considered elitist is the perceived lack of diversity among those who play it. Golf history invokes ideas of exclusive country clubs with gates that open only for those with power, influence, and the right skin tone.

Is golf a posh?

As you can see, playing golf is no longer a posh hobby reserved only for the rich or celebrities. Almost everyone can afford it by looking for bargains, choosing cheaper equipment and clothing alternatives, or buying a few golf lessons at once.

Is golf a classy sport?

Yes, it is true that golf is a luxury sport. You can spend a lot of money buying golfing clothes, shoes, clubs and other accessories. You can be up to date with the latest trends and change your golfing wardrobe on a seasonal or yearly basis.

Is golf for the elite?

Golf is an elite sport because of the road to the top. The years of training, learning and dedication does ape all other sports. A parallel can be drawn from any sport to golf. Golf is elite in every aspect, in fact, golf eclipses all sports as “the” elite sport.

What are elitist sports?

“Elitist” refers to the high cost of certain sports like sailing and equestrian but also to the perceived cultural ethos of certain sports. Some editors, from Esquire to the blogosphere, put together their lists of sports they regard as “silly” and “sissy.” Also in the mix is that barbed word “effete.”

Is golf a middle class sport?

Golf is also perceived as expensive and middle-class. A set of golf clubs can set you back a substantial sum, and a round of 18 holes at a municipal course might cost £10-20.

How did golf begin?

Golf originated from a game played on the eastern coast of Scotland, in an area close to the royal capital of Edinburgh. In those early days players would attempt to hit a pebble over sand dunes and around tracks using a bent stick or club.

1. Equipment

A brand new set of irons will probably set you back in the range of $1000.00. Add to that a new driver for about $400.00, a putter for $200.00, wedges, and a bag, and the basic equipment alone is around $2,000.00.

3. Greens Fees

As I alluded to earlier, golf is very different from all other sports. You can’t just pick up your clubs and start whacking a golf ball anywhere.

4. Exclusivity

I’d like to take a minute to focus solely on Members’ Only Clubs, or Country Clubs.

5. The Art of The Deal

When you conjure up the image of a big business deal being struck on the course, what do you see?

Can a 60 year old make a hole in one?

Occasional great shots: A normal person will never throw a 100 mph fastball or dunk a basketball, but a barely-athletic 60-year-old can make a hole-in-one that he can tell all his rich friends about.

Is golf safe for rich people?

It’s safe: Unlike biking and skiing (other sports that rich people are into), the probability of getting injured while playing golf is extremely low. You compete against yourself: Rich people tend to be super competitive, and they hate losing.

Is Rolex a legitimate sport?

A sport that’s covered on ESPN’s front page, sponsored by Rolex, features multi-million dollar athletes, and involves major athletic brands (Nike, Adidas) is legitimate sport. There aren’t many other sporting options available to rich people that are legitimate sports, while offering safety, bragging rights, and a chance to excel.

Is golf a test of feel and skill?

Your best days are still ahead: Few rich people are in their physical prime. Fortunately for them, golf is a test of feel and skill more than physical fitness, so one can still achieve a personal best in their 50s and 60s. Download. The barrier to entry is high: In golf, your competitive advantages are technique ...

It has a high barrier to admission

Golf is popular among the wealthy for a variety of reasons, including the fact that it is rarely available to the general public. Some clubs may charge an annual fee to access their services, while others may demand a one-time cost of more than $100. A package of balls will set you back $50, while the driver will set you back almost $500.

You are well-known as a rich person

Remember what each sport signifies and what the community thinks of you based on your decisions in other parts of your life. You must have a profile that corresponds to your financial class if you want to be identified as a rich member of the community.

It is both challenging and requires focus

Golfing may not be one of the games that emphasize speed or strength, but it is a difficult sport to master. Have you ever attempted to toss a ball through a hole? We guarantee you that it is not as simple as it appears. It takes a tremendous level of focus and skill, and it excites people who enjoy mental challenges.

It is simple for those who are not interested in other sports

Golf is a type of sport that does not need extreme physical fitness. Some people become wealthy as a result of their willingness to work long hours and concentrate on how to maximize their earnings. They likely didn’t take the time to be in shape and look their best.

It is risk-free for everybody

One of the most important factors that contributed to the popularity of this activity is that it is extremely safe. Injuries on golf courses are uncommon. We discuss a highly safe game that allows individuals to engage their bodies and brains without the worry of injury while participating in their favorite activity.

Your rivalry is against yourself

You may enjoy some downtime without the worry of injuring yourself and being unable to work for a while. The wealthy are generally fierce competitors who despise defeat. The advantage of golf is that you are competing against yourself since no one else is actively attempting or attempting to hinder you from accomplishing what you desire.

Excellent shots are made

A typical man in his 60s couldn’t dunk a basketball or throw a 100 mph fastball, but he can play a wonderful shot and make a hole in one stroke that he can launder.

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Equipment

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A brand new set of irons will probably set you back in the range of $1000.00. Add to that a new driver for about $400.00, a putter for $200.00, wedges, and a bag, and the basic equipment alone is around $2,000.00. When you look at the cost of the basic equipment alone, it’s no wonder people think the game is financially out of r…
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Lessons/Practice

  • Golf, I’ve found out the hard way, isn’t exactly like riding a bike. Lessons, or at the very least time at the range for practice is an ongoing expense. Sure, I can take some time off, but things just ain’t what they used to be after an extended absence from practice. Have you ever seen what NBA great Charles Barkley’s swing looks like? Yeah, after a few weeks of not swinging a club, it’s a pr…
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Greens Fees

  • As I alluded to earlier, golf is very different from all other sports. You can’t just pick up your clubs and start whacking a golf ball anywhere. Well, I suppose you can, but it won’t end well. And unfortunately, there are no free courses that you can go to and play like you can on a tennis court. This too is certainly going to put some people off from ever playing the game. With that said, ho…
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Exclusivity

  • I’d like to take a minute to focus solely on Members’ Only Clubs, or Country Clubs. These tend to be quite exclusionary institutions, where not only do you have to pay exorbitant member dues, and greens fees for each round, but for some, you need to be approved to join as well. If you can afford to join, there are probably some wonderful benefits: well-manicured courses, and sand tra…
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The Art of The Deal

  • When you conjure up the image of a big business deal being struck on the course, what do you see? In my mind’s eye, I see a few successful, and wealthy individuals, shaking hands on 18, each with about 1/8 of the remaining cigar hanging out of their respective mouths as they let out a deep belly laugh. They are each pulling out the keys to their Mercedes, or BMW, as they begin to walk …
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