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I have a problem tying wealth to consumption. I always look at menu prices but I'm a lot better off financially than many people who don't seem to care how muc
by baking 7y ago
I have a problem tying wealth to consumption. I always look at menu prices but I'm a lot better off financially than many people who don't seem to care how much they spend. Maybe because I do look at menu prices.
Other than that, this is basically a base 10 view of wealth. Each zero matters as much to you as the last one. Under that theory, Bloomberg is to me as I am to someone living paycheck to paycheck, but I feel much closer to the person living paycheck to paycheck.
- TravHatesMe 7y agoI agree. This article does not mention that your life and upbringing play a major role on how you think about money. I know many folks that are well off but they are still frugal. They care about the cost of groceries, the cost of restaurants, etc. They don't need to but they choose to. They lived the majority of their lives without this kind of comfort -- some behavior cannot be changed when it is learned and repeated over time. The value of money has become a part of their values. I admire it to a certain extent. Even if they win the lotto they would probably donate most to a good cause and continue to nickel and dime.