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The world is full of people who take a casual attitude towards their finances. They are the ones we keep reading about when we are told most people can't raise
by tonyedgecombe 5y ago
The world is full of people who take a casual attitude towards their finances. They are the ones we keep reading about when we are told most people can't raise $1000 in an emergency or don't think they will ever be able to afford retirement.
- BrianOnHN 5y agoThe world is full of people with a hoarding attitude toward an arbitrarily chosen store of value. They are the ones we keep reading about when we are told poor decisions have collapsed buildings, destroyed ecosystems, caused wars and unnecessary human suffering.
- rory 5y agoThe rich by and large aren't hoarding cash. They own things with intrinsic value.
- sumtechguy 5y agoThey then use those items and borrow cash against them as needed. Think about some the large property companies. Renting property is a pain to do. Yet some of these companies are huge and have millions of dollars they are floating. Why? Because the owners borrow against them to fund their other ventures. Then use the profits of that to pay off anything they borrowed. Ownership of things that have actual value is the number one way to becoming wealthy. Owning flashy toys and extravagant dinners all the time is a quick way to spend it all for 'the rich'. One dude I follow put it best the wealthy exploit the rich by renting them flashy toys, the rich try to get money from the middle class by selling them things.
- lupire 5y agoYour view is that ecosystems are destroyed by people who consume less?
- BrianOnHN 5y agoHoarding != Consumption
- don-code 5y agoIt's difficult for me to sympathize with coworkers who have trouble making rent, knowing that they make the same amount of money I do, but have wildly different spending patterns. Juxtaposing $200k+ of student debt with $100+ bar tabs, multiple nights per week (to be fair, the company we were at was on a death march at the time) doesn't seem like taking an opportunity, to use the article's phrasing - it seems frivolous.