The Psychology of Money

Reply #13

Stat$talker — Mon, 25 Jul 2022 18:19:52 GMT

Reply #12

Artist77 — Mon, 25 Jul 2022 17:08:20 GMT

I do the same thing and buy one year old cars. The depreciation for new cars is crazy.

Reply #11

GiveFive — Mon, 25 Jul 2022 13:42:23 GMT

To my way of thinking wealthy people who buy year old cars but can afford to buy any kind of new car they want are simply demonstrating how secure they are with knowing they have a lot of money. Although I'm not wealthy, I bought a one year old used car with low mileage on it. I did it because I didn't want to take the big depreciation hit that new car buyers suffer when they drive a new car off the dealers lot.

Having great wealth and being secure in the knowledge that you have it goes a lo... [ More ]

Reply #10

Coin Toss — Mon, 25 Jul 2022 01:55:07 GMT

JKDLotto

Sounds like you are much more familiar with books like Das Kapital and the Comminost Manifesto.

Reply #9

Coin Toss — Mon, 25 Jul 2022 01:30:37 GMT

Those already wealthy look upon jackpot winners as the nouveau riche, not in a literal translation sense but in the sense that they're not going to hold onto it for long.

Reply #8

JeetKuneDoLotto — Sun, 24 Jul 2022 22:59:56 GMT

Money is not real Coin Toss.

It is a mechanism upon which the elite control the masses.

Look at Trudeu.

He did not like the Trucker convoy.

So he froze their money. Declared them terrorists. He basically said Trust the Science, or die, and dont worry about my kickbacks.

Loook at China.

People are protesting because their accounts are frozen.

And let me tell you the Chinese peopl are the most polite protesters out their.

Dear Chairman, please I worked hard to make mon... [ More ]

Reply #7

Artist77 — Sun, 24 Jul 2022 22:55:24 GMT

I am always surprised, but shouldn't be, when I find out that someone in my neighborhood rents vs owns...even for 10 or 20 years. And guess what? The renters all drive jags, Porsches, etc. Lol

Reply #6

eddessaknight — Sun, 24 Jul 2022 22:02:14 GMT

Isn't fascinating how conditional the psychology of money is

Reply #5

Artist77 — Sun, 24 Jul 2022 21:54:19 GMT

I love that book. Love the part as to how generational wealth often disappears in one or two generations if the children are raised with a spend spend spend philosophy.

Reply #4

Coin Toss — Sun, 24 Jul 2022 19:50:57 GMT

Artist77,

Im the book The Millionaire next Door the author mentioned that a lot of truly wealthy people buy year old American used cars.

Granted it's truly hard to find American cars completely made her anymore but think the Big Three .

Reply #3

eddessaknight — Sun, 24 Jul 2022 17:49:26 GMT

A - greed folks

Making a big public ego splash will attract lots of attention, but from wrong guyz

Ol'e Vegas wise $money$ saying 'when counting your money, do it in the dark.

Reply #2

Artist77 — Sun, 24 Jul 2022 15:41:48 GMT

I agree. Drive that older model car and stay under the radar.

Reply #1

GiveFive — Sun, 24 Jul 2022 12:10:29 GMT

Some people cant contain themselves while there are those that can. People that have a strong urge to impress others with their wealth by going on a spending spree very likely will go through all of their money very quickly. G5

The Psychology of Money

Coin Toss — Sun, 24 Jul 2022 01:21:38 GMT

This is a book by Morgan Housel

The Psychology of Money

Timeless Lessons on Wealth, Greed, And Happiness

From the title page of Chapter 9

Wealth is What You Don't See

Spending money to show people how much money you have us the fastest way to have less money

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That made me think of some jackpot winners who blew it all