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What's wrong with burgers? Expensive restaurants often have really good burgers.
by pb 9y ago
What's wrong with burgers? Expensive restaurants often have really good burgers.
- tytytytytytytyt 9y agoAnd Ikea has some really good furniture one could assemble themselves, too...
- ericd 9y agoThe only way to become wealthy is to spend less than you make. The only way to stay wealthy is to spend less than you make (and have your investments outpace inflation). One of the best ways to do that is to not inflate your lifestyle, like starting to think you're too good for things like putting together your furniture from Ikea.
- afterburner 9y ago> The only way to become wealthy is to spend less than you make. This is hilariously wrong.
- wmeredith 9y agoOver the long term, it is correct. I think you may be spending with investments.
- ericd 9y agoFeel free to elaborate on why it's wrong. I don't mean spending less than you make at all times, and I don't mean "make" as in "earn at a wage-earning job", there are many more ways to make money than that. In the long term, your wealth is the money you've made (including capital gains), minus what you've spent. You might say that's completely obvious, but it helps some people to be reminded of it.
- greenleafjacob 9y agoIt's not wrong, but think of it this way: if you short a stock, your downside exposure is unlimited because the price can go arbitrarily high, but your upside is finite because the stock can only go to zero. In the same way, you can only decrease your spending so much, even to zero, but you can increase your income by an unlimited amount.
- ericd 9y agoYep, you're right. For many people, though, increasing their income substantially is harder than decreasing their spending substantially, and also, many people are in the habit of increasing their spending when their earnings increase by, say, switching from Ikea to higher end furniture, or trading in that used Honda for a new Mercedes. For many people, it's so bad that they end up not saving any more, while putting themselves in a more precarious position if their income ever dried up.
- afterburner 9y ago"Wealthy" and "wealth" mean different things. You also used the word "only". Your sentence read as "you can't become rich other than just saving on expenses." Maybe you can see how that is a really weird thing to say.
- saget 9y agoSome of the wealthiest people I know are also the cheapest. The other week my gf's parents (very well off) refused to go to a clinic that their insurance didn't work at after their son cut off the tip of his finger. Took them and hour to find a place to go. It seemed absurd from my perspective to put a few hundred dollars in front of a medical emergency when you can afford a private plane, but I guess that's part of why they're rich.
- atomical 9y agoIf it is a few hundred dollars to stop the suffering sooner it sounds like OCD.
- 20180201 9y ago> Some of the wealthiest people I know are also the cheapest. this statement always shows up in these kinds of threads. i bet some of the poorest people you know are just as cheap. and middle class too. and in fact, as it turns out, there are cheap people all over the wealth spectrum. i'm going to go out on a limb here and say that being cheap/stingey is actually completely uncorrelated with wealth. it's a character trait like agreeableness.
- ericd 9y agoHeh at that point, I'd say they're being cheap to the point of not being practical. A slightly greater chance of restoring that finger to full use is worth a lot more than a few hundred bucks if you're not seriously low on money. But yeah, their cheapness probably has something to do with why they have so much money stored up.
- closeparen 9y agoIf furniture can make or break you, we're talking about degrees of middle-class-ness, not wealth.
- ericd 9y agoIt's not just furniture, it's staying at nicer hotels, going to Bora Bora instead of Hawaii, buying a Mercedes instead of a Honda, buying a boat instead of renting one. Each thing on its own wouldn't break someone with some money, but it adds up. And you can keep ramping that up, especially if you get into something like private aviation.
- saget 9y agoI think it has to do with it being a finger food and having less "class" associated with it. It's not always an issue but I have definitely received judgment for ordering a burger
- gt_ 9y agoin America, it suggests an acclimation to fast food.
- munificent 9y agoIn America, everyone eats burgers and is acclimated to fast food.
- nathanasmith 9y agoThis is not even remotely true. Were you joking?
- hkmurakami 9y agoFriend's father is thoroughly blue blooded and won't even eat fries with his fingers (will use a knife and fork)
- walshemj 9y agoI was told by a friend in sales that it was an sacking offence for an IBM salesman to be seen in a Mc Donald's
- sxates 9y agoThe burger at a nice restaurant is usually the token 'affordable' item. That said, I'm a big fan of burgers and order them often. Screw what other people think.