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That is fine...YOU don't care. But some people really judge people by the number and can get weird.
This topic is silly at this point.
Agreed completely. I understand how people are judged, including me, but it doesn't change a thing.
It is stupid to judge someone on their finances. I think there are many people who are happier in life making less money than being stressed out and wealthy.
In many parts of the our society, we still judge people's intelligence based on how much money they earn.
This morning, I heard on Dave Ramsey's radio.
Dave: You make $130k per year, stupid people don't make $130k per year.
WTF Dave, so people make $20k per year are stupid?
If you find out one of your friends earns $1M / per year, what is your impression of him/her? Think about that.
Rather than what you make, I think your net worth by a certain age can be very telling as far as how smart you are. For example how many athletes have there been that make multi millions and are broke a few short years after their career ends? It happens because they aren't smart. Yet there are plenty of examples of people making a lot less money that figure out how to live very comfortably by retirement. Yes, I definitely think there is a connection between net worth and intelligence, just income maybe not.
Interesting topic - lots of dissenting opinions. My family and friends all tend to discuss these things openly with me, and I have lots of friends far more well off than I. I don't expect them to pay for things (in fact when they do I usually decline). I'm currently looking for a new job, and I've had some frank discussions with friends about salary negotiation and what I should aim for.
My mother is 61, and since my dad passed away 5 years ago, I've been deeply involved in her finances. Every time I log into my bank account, her accounts pop up as well.
I think open conversation is a good thing. As the lesser off person in most of these conversations, I've never wanted to ask someone for a loan strictly on the basis of them having more than I do. In fact, I have a lot of knowledge that has proven helpful to friends, and that would not be the case without candid conversations.
Rather than what you make, I think your net worth by a certain age can be very telling as far as how smart you are. For example how many athletes have there been that make multi millions and are broke a few short years after their career ends? It happens because they aren't smart. Yet there are plenty of examples of people making a lot less money that figure out how to live very comfortably by retirement. Yes, I definitely think there is a connection between net worth and intelligence, just income maybe not.
If anything, I don't think it gets brought up enough, as long as it's not in a condescending "I have more than you" manner. One of the biggest problems with personal finance in this country is people are poorly educated on it and lack information.
If anything, I don't think it gets brought up enough, as long as it's not in a condescending "I have more than you" manner. One of the biggest problems with personal finance in this country is people are poorly educated on it and lack information.
That is the absolute truth. Finance isn't taught in school. What would be wrong with changing that?
That is the absolute truth. Finance isn't taught in school. What would be wrong with changing that?
Classroom education is better than nothing, but in terms of effectiveness, I believe that first-hand experience > second-hand experience > reading and lectures
Open discussions about personal finances should help you learn from the first two, and ideally all three.
Last edited by Mr. Zero; 05-10-2016 at 01:05 PM..
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