4 ms·
Coming from a family that has a frugal culture, it’s always been easy for me to save a substantial part of my income, even when I had to downsize my lifestyle a
by abyssin 2y ago
Coming from a family that has a frugal culture, it’s always been easy for me to save a substantial part of my income, even when I had to downsize my lifestyle after losing a relatively high paying job. Looking at how people around me spend their money, it can feel they’re actively trying to get rid of their entire salary.
- roenxi 2y ago> it can feel they’re actively trying to get rid of their entire salary. They probably are, in a literal sense. Most people play status games and identify that money is a resource that can be used to buy higher status. They then work out how to spend all their money on status-boosting activities because they don't want money. They want status. And they want it ASAP because their instincts are confident that status now is more important than later. It is a bit sad because it means they are less comfortable and prosperous later on, but there is not much that can be done. Human nature is a real obstacle; it isn't calibrated to understand exponential returns or capital investment.