3 ms·

This is so wrong - like the suggestion of giving it all away (even if I quickly considered that). Money is not the problem, even if it contributes to it. Money

• munk-a 6y ago
  Hrm - I do definitely understand that sentiment, but it assumes that you, the current holder of the money, are more responsible than those other folks. Remember that while you might not choose to spend in the money in the way they are - you don't really have a position to judge since that is what they want most in life. It can be hard to see with issues like addiction and that's less a money question and more a mental health question - but other "frivolous" purchases can be part of what makes life worth living. I really dislike arbitrary cash handouts of the sort you pointed out above - it's why I'd encourage increasing employee take home if you have any employees. If that's not an option then there are a number of good and responsible charities. Lastly - this comment (and the one above) aren't directed at judging you and I don't know the specifics of your situation. But judging how other people use their money is something that's best entirely avoided. If you donate two thousand dollars to a friend who uses the money to drown her problems in alcohol then it's unlikely she would've worked through those issues in a healthy way if you just never gave her money - it's hard though and I can certainly sympathize with a desire to avoid sending anyone money. I also think you're getting a lot of downvotes because you are speaking from a very unsympathetic position, but it is an interesting discussion so I'd urge you not to get discouraged.
  • 1996 6y ago
    > it assumes that you, the current holder of the money, are more responsible than those other folks. I don't know, but I have a track record of success, while they have a track record of failure, so I am a bit doubtful it will change. For example, I have a very deserving friend. I want to make sure he succeed. But I will never give in any crypto, as it would sell it the next day because he is afraid of variations. Likewise with money. Instead, when I hear he is struggling, I hire him to perform some work that will benefit him in his carrier, to gently nudge him while providing money but not as a gift since in my experience it breaks people spirit. > I also think you're getting a lot of downvotes because you are speaking from a very unsympathetic position, but it is an interesting discussion so I'd urge you not to get discouraged. I am a bit- I have tried keeping a simple message for years to people who want to make money - before the last bull market, it was something like invest 1 or 2 grands in crypto, just money you can afford to lose, it will get you a brand new car (feel free to check my posting history, I don't remember the specific wording) I even said that to arcticbull, who frequently diss crypto here. And a few month later, those who listened got their car. Most people thought I was talking funny. It was lost on them. I find that very sad. > If that's not an option then there are a number of good and responsible charities I am now convinced money will do nothing, whether you have it or not, or at best very little. What matters is foresight and leverage, to convert your ideas into implementations. Leverage can be obtained - VC do that if you have charisma. Fortunately for me I will not need them, as I am low on charisma! Still, biotech will be the next boom - whether it is augmenting humans, curing cancer, achieving immortality, it will bring lot of happiness. This is interesting and I can help make it happen. It will help many orders of magnitude more people than my money could. So I am learning biology. Hopefully it I will help me infuse money at some very precise chokepoints where it will be able to act as a positive enabler. In crypto, I saw that happen by people who have built the likes of coinbase.