The Relationship Between Money and Marriage
.The Relationship Between Money and Marriage
By Jacob Schroeder October 12, 2021
I love scotch; she hates it.
There are many things my wife and I don’t agree on, but money isn’t one of them. We are intentional spenders, buying only what mutually aligns with our needs or values. For instance, disinterested in paying for the trappings of an ostentatious wedding, we tied the knot at New York’s City Hall; our reception was watching our first son play at a public playground in the East Village on a warm fall afternoon.
We’ve been happily together for 16 years, which makes me wonder: Does love make the financial side of marriage work, or is it the other way around?
The Relationship Between Money and Marriage
By Jacob Schroeder October 12, 2021
I love scotch; she hates it.
There are many things my wife and I don’t agree on, but money isn’t one of them. We are intentional spenders, buying only what mutually aligns with our needs or values. For instance, disinterested in paying for the trappings of an ostentatious wedding, we tied the knot at New York’s City Hall; our reception was watching our first son play at a public playground in the East Village on a warm fall afternoon.
We’ve been happily together for 16 years, which makes me wonder: Does love make the financial side of marriage work, or is it the other way around?
The most important decision you’ll ever make
Warren Buffett’s financial wealth is only rivaled by his wealth of wisdom. Rarely does a day pass without someone in the finance industry quoting the Oracle of Omaha on social media. Heck, Warren Buffett’s influence is so great, people have essentially made careers out of quoting him.
Yet, with all of his knowledge on investing and business, he says the most important decision a person can make has nothing to do with investing and business. At the 2009 Berkshire Hathaway annual meeting, he said:
“Marry the right person. I’m serious about that. It will make more difference in your life. It will change your aspirations, all kinds of things.”
You don’t make it to Buffett’s level of stature with a track record of being wrong often, and researchers seem to agree with him on this point. Studies show that marrying the right person can significantly improve our health, career success and wealth.
Marriage will change you in many ways. By definition, marriage — joining two into one — is disruptive. Often, for the better. It is about pursuing new things while sacrificing others. A major contributor to that disruption though is money.
Although we’ve long moved on from the ancient practice of marrying for the sake of status, money is an irrevocable part of marriage, at times, for better, and at times, for worse. Here is what research has uncovered about the relationship between money and marriage.
The relationship between money and marriage
Married people are wealthier than single people.
A 2005 study tracking people in their 20s, 30s and 40s found that married people experienced a 77% increase in wealth over single people. In fact, married individuals in the study saw their wealth rise 16% for each year of marriage. This makes sense considering married couples can combine incomes and share expenses.
To continue reading, please go to the original article here:
https://incognitomoneyscribe.com/2021/10/12/the-relationship-between-money-and-marriage/
The Code That Controls Your Money
.The Code That Controls Your Money
By clive Thompson November 11, 2020
COBOL is a coding language older than Weird Al Yankovic. The people who know how to use it are often just as old. It underpins the entire financial system. And it can’t be removed. How a computer language controls the financial life of the world.
When Thomas first started programming, it was 1969. He was a kid just out of high school in Toronto, without any particular life goal. His father was a carpenter, but good luck following in his family’s footsteps; Thomas was all thumbs. “My father knew I couldn’t hammer two pieces of wood together,” he laughs.
So his mother suggested something weird and newfangled: What about… computer programming?
The Code That Controls Your Money
By clive Thompson November 11, 2020
COBOL is a coding language older than Weird Al Yankovic. The people who know how to use it are often just as old. It underpins the entire financial system. And it can’t be removed. How a computer language controls the financial life of the world.
When Thomas first started programming, it was 1969. He was a kid just out of high school in Toronto, without any particular life goal. His father was a carpenter, but good luck following in his family’s footsteps; Thomas was all thumbs. “My father knew I couldn’t hammer two pieces of wood together,” he laughs.
So his mother suggested something weird and newfangled: What about… computer programming?
Computers, in 1969, were still strange new curiosities, the size of big cabinets. But companies around the world were realizing they were invaluable for any task that required a lot of rapid-fire accounting, like tallying up payroll. Jobs were on offer to anyone who could learn even a little coding. So Thomas found “some fly-by-night, little pop-up school” in downtown Toronto, and over the next two months, learned the hot computer language of the day: COBOL (Common Business-Oriented Language).
After he graduated, he got hired in the check-sorting department of a major Canadian bank. (He doesn’t want me to name it, banks are secretive; “Thomas,” I should mention, is a pseudonym, if you hadn’t guessed that already.) Thomas wasn’t yet a programmer for the bank then, but over the next few years he made it clear he wanted to be, and his employer paid for him to do a bunch of honest-to-goodness college courses in coding, and in 1978 he began a long career at the bank as a programmer.
Thomas loved it. It was like constant puzzle-solving, a game of mental chess. He’d sit at his desk, writing out his code by hand, then give it to a “punch card operator” who’d put holes in cards to represent his programming instructions. Twice a day they’d feed those cards into the huge “mainframe” computers at the bank. It would take hours for Thomas to find out if his code had actually worked correctly, or whether he’d made a goof that grounded things to a halt. If he did, he’d pore over the error statements, rewrite the COBOL, and try again.
Over the next few years, Thomas became good at COBOL and wrote thousands of invaluable lines of code. When the bank issued payments, it was his code, every day, helping them tally it all up correctly. As the ’70s and ’80s and ’90s wore on, he and his coder colleagues probably wrote tens of millions of lines of COBOL. There’s one system he’s particularly proud of, a lightning-fast program that can process “anywhere between three and five million transactions a day. That’s my baby!” He wrote his first bits of that program in 1988.
And the thing is — that code is still running today.
To continue reading, please go to the original article here:
https://www.wealthsimple.com/en-ca/magazine/cobol-controls-your-money
No Such Thing as Enough Money
.No Such Thing as Enough Money
Posted by Jacob Schroeder October 27, 2021
How much money is enough?
It’s a philosophical money question that often arises out of discontent. We see someone of substantial means, like a celebrity, live a troubled life. Or, we ourselves experience great fortune yet feel unhappy. It makes us wonder where the finish line is, the point when you can stop striving for more and settle into a life of satisfaction.
There are some great financial blogs that provide good answers, such as here and here. And then there are a variety of books that tackle this question in their own ways: Ego Is the Enemy, The Last Lecture, the Bible, to name a few. Another book that resonates with me, perhaps because of its instructive format, is How Will You Measure Your Life? by the late Clayton Christensen.
No Such Thing as Enough Money
Posted by Jacob Schroeder October 27, 2021
How much money is enough?
It’s a philosophical money question that often arises out of discontent. We see someone of substantial means, like a celebrity, live a troubled life. Or, we ourselves experience great fortune yet feel unhappy. It makes us wonder where the finish line is, the point when you can stop striving for more and settle into a life of satisfaction.
There are some great financial blogs that provide good answers, such as here and here. And then there are a variety of books that tackle this question in their own ways: Ego Is the Enemy, The Last Lecture, the Bible, to name a few. Another book that resonates with me, perhaps because of its instructive format, is How Will You Measure Your Life? by the late Clayton Christensen.
He comes to the startling realization:
“I had thought the destination was what was important, but it turned out it was the journey.”
That to me is the answer to the question. Though it is, in a way, a non-answer. As with many of life’s mysteries, there is no definitive conclusion.
There is never enough money.
Don’t get me wrong. I don’t mean that you can always use more money to achieve a perfect life. Rather, I mean the exact opposite. No amount of money will insulate you from suffering.
This week Elon Musk’s wealth jumped by $36 billion in a single day, bringing his net worth close to $300 billion. Yet, even he has experienced some very public setbacks, including the tragedy of losing his first child.
“The race is not to the swift or the battle to the strong, nor does food come to the wise or wealth to the brilliant or favor to the learned; but time and chance happen to them all.” (Eccles. 9:11)
To continue reading, please go to the original article here:
https://incognitomoneyscribe.com/2021/10/27/no-such-thing-as-enough-money/
How The Money Game Changes With Time
.How The Money Game Changes With Time
October 13, 2021 Financial Independence 25
Money Game
One of the toughest things about investment banking is that the job changes all the time. The technical skills that make an amazing analyst or associate do not necessarily translate into the ability to quarterback a complex M&A or equity deal at the VP level.
At the same time, many VPs and directors who shine at process management and execution really struggle when it comes to origination, effectively capping out their career progression. Those who manage to navigate the transition end up rising all the way to the top. Say hello to the corner office, hefty bonuses, and cushy board seats once you get tired of the grind.
How The Money Game Changes With Time
October 13, 2021 Financial Independence 25
Money Game
One of the toughest things about investment banking is that the job changes all the time. The technical skills that make an amazing analyst or associate do not necessarily translate into the ability to quarterback a complex M&A or equity deal at the VP level.
At the same time, many VPs and directors who shine at process management and execution really struggle when it comes to origination, effectively capping out their career progression. Those who manage to navigate the transition end up rising all the way to the top. Say hello to the corner office, hefty bonuses, and cushy board seats once you get tired of the grind.
This constant need to adapt and elevate your game draws many parallels with the process of building wealth. Sure, there are some fundamental concepts that apply throughout.
Spend less than you make, invest the difference, let your investments compound for as long as possible.
That being said, you still need to calibrate your approach. The strategies that work when you are twenty-five no longer apply when you are nearing retirement – and vice versa.
In today’s post, let’s explore how the money game changes as you go through the various stages of life.
Financial Adolescence: Teens To Mid-20s
Apparently, Warren Buffett bought his first stock when he was 11.
Good for him – but in reality, not everyone is early to the party like that. Which is just as fine, because your late teens and early 20s is when you lay the foundation for your financial future.
And if there’s one thing you need to know about foundations, it’s that you don’t want to skimp on them.
Good grades are important at this stage, not least because they determine the kind of university you’ll be able to get into, which subsequently goes a long way in defining your ability to choose a lucrative career path.
Good skills, however, are even more important. I’m sure it’s great to graduate with a degree in the psychology of fashion, but good luck making the big bucks with that one.
Instead, you’ve got to follow the money. Computer science, finance, medicine, engineering – you get the gist.
However, what’s most important at this stage is establishing good habits – because is your habits that will define your ability to monetize both your grades and your skills.
Health is the most important one, because it gives you energy, confidence, and optimism – the defining characteristics of most successful people. No wonder there’s a direct correlation between health and wealth.
From a financial perspective, this is when you need to put your head down and get all the basics in place.
To continue reading, please go to the original article here:
How Much You Need To Rank in the Top 10% of Manhattan’s Wealthiest Elite
.How Much You Need To Rank in the Top 10% of Manhattan’s Wealthiest Elite
Bob Haegele Mon, November 15, 2021,
Lavish apartments, fancy cars and dressed to the nines: Manhattan’s wealthiest elite seem to have it all. And yet, while the city’s mega-rich or ultra-high net worth individuals are worth billions, you don’t need all that to be in the city’s top 10%. New York has $3 trillion in total wealth. But in a city of nearly 9 million people that is home to almost one million millionaires, having $1 million already puts you close to the top 10%.
To add to that, dollars and cents aren’t everything. Yes, in purely monetary terms, hitting certain income or net worth thresholds is the only requirement to be in the top 10%. But without your health and a network of support, you won’t be able to enjoy your swimming pool of gold coins.
How Much You Need To Rank in the Top 10% of Manhattan’s Wealthiest Elite
Bob Haegele Mon, November 15, 2021,
Lavish apartments, fancy cars and dressed to the nines: Manhattan’s wealthiest elite seem to have it all. And yet, while the city’s mega-rich or ultra-high net worth individuals are worth billions, you don’t need all that to be in the city’s top 10%. New York has $3 trillion in total wealth. But in a city of nearly 9 million people that is home to almost one million millionaires, having $1 million already puts you close to the top 10%.
To add to that, dollars and cents aren’t everything. Yes, in purely monetary terms, hitting certain income or net worth thresholds is the only requirement to be in the top 10%. But without your health and a network of support, you won’t be able to enjoy your swimming pool of gold coins.
Let’s take a look at what exactly you need to be among Manhattan’s wealthiest elite, both in terms of money and otherwise.
Income
Of course, most Americans immediately think about money when contemplating wealth. Whether or not you agree that is the only determinant of wealth, it is certainly a big component. And given that New York is where some of the world’s wealthiest call home, it’s no surprise that you need a lot of money to be one of the city’s wealthiest.
After all, New York is home to a number of billionaires, including Michael Bloomberg, Julia Koch and Stephen Schwarzman. While you don’t have to be among the billionaires to be in the top 10%, you still have to be quite well off.
The income in the top 10% in the state of New York is $291,906. However, New York City is considerably wealthier, with the top 20% earning an average of $295,662. Meanwhile, the top 5% earn $585,902. Thus, the top 10% earn somewhere in between the two, with the average being around $440,000.
Health
Having a lot of wealth is nice, but you can’t enjoy it without your health. Of course, there is a correlation between health and wealth; studies have shown that wealthier people tend to live longer and with lower rates of chronic disease.
Still, being wealthy doesn’t guarantee good health. But one survey of New York City residents asked them what makes a person wealthy, and the response was in many cases that being in good health makes a person wealthy more than anything.
To continue reading, please go to the original article here:
https://finance.yahoo.com/news/much-rank-top-10-manhattan-190114396.html
“We Are Here To Guide Public Opinion, Not To Discuss It.”
.“We Are Here To Guide Public Opinion, Not To Discuss It.”
Notes From the Field By Simon Black November 15, 2021
In the year 1804, only a few months before he proclaimed himself Emperor of France, 35-year old Napoleon Bonaparte stood before the State Council to discuss war with Great Britain. By then Napoleon had already become the most powerful person in France; he had led the Coup d’etat against the previous government in 1799, rigged the approval of the new French Constitution, and fixed his own election to become ‘First Consul’.
And as First Consul of France, Napoleon was essentially a dictator… and one who lusted for conflict.
“We Are Here To Guide Public Opinion, Not To Discuss It.”
Notes From the Field By Simon Black November 15, 2021
In the year 1804, only a few months before he proclaimed himself Emperor of France, 35-year old Napoleon Bonaparte stood before the State Council to discuss war with Great Britain. By then Napoleon had already become the most powerful person in France; he had led the Coup d’etat against the previous government in 1799, rigged the approval of the new French Constitution, and fixed his own election to become ‘First Consul’.
And as First Consul of France, Napoleon was essentially a dictator… and one who lusted for conflict.
Napoleon had actually threatened to invade Britain when he first came to power in 1799; plus he had spent the last several years deliberately provoking the British by diminishing their influence on the European continent.
Britain finally took the bait and declared war on France in 1803 as a way to preemptively safeguard their own security; they weren’t willing to sit by and wait for Napoleon to invade.
Napoleon was ready. But he was smart enough to know that he couldn’t do it alone-- he would need support. And that meant having the people on his side.
Napoleon had famously little regard for politicians, bureaucrats, clergy, and merchants. But he understood very well that it was the peasants who had risen up against the monarchy in 1789, plunging France into a decade of chaos and revolution.
So, standing in front of the State Council in 1804, Napoleon made his case for war… and selling it to the public. As he told the members of the council quite bluntly, “We are here to guide public opinion, not to discuss it.”
Napoleon was a master of censorship and propaganda. And throughout his career he meticulously oversaw every detail of what was communicated to the people.
He commissioned music, theater, and artwork that portrayed him exactly as he wanted to be seen-- powerful, heroic, victorious, and unstoppable.
He tightly controlled the press and dictated what they were allowed and not allowed to say.
(The number of newspapers in France actually fell from several dozen in 1799 when he became First Consul, to just four by 1814.)
And he completely made up whatever facts he saw fit, especially as they related to his military campaigns.
For example, Napoleon routinely issued ‘military bulletins’ which grossly exaggerated the number of enemies killed and captured, and downplayed France’s own casualties.
It is from these dispatches that the phrase, “lie like a bulletin” entered the French lexicon.
To continue reading, please go to the original article here:
Using an LLC for Estate Planning
.Using an LLC for Estate Planning
By Michelle Ullman Updated November 14, 2021
It can help you pass assets down to your heirs while avoiding taxes
Somewhere between a corporation and a partnership lies the limited liability company (LLC). This hybrid legal entity is beneficial for small-business owners and is also a powerful tool for estate planning.
If you want to transfer assets to your children, grandchildren, or other family members—but you are concerned about gift taxes or the burden of estate taxes your beneficiaries will owe upon your passing—an LLC can help you control and protect assets during your lifetime, keep assets in the family, and reduce taxes owed by you or your family members.
Using an LLC for Estate Planning
By Michelle Ullman Updated November 14, 2021
Reviewed By Anthony Battle Fact Checked By Amanda Jackson
It can help you pass assets down to your heirs while avoiding taxes
Somewhere between a corporation and a partnership lies the limited liability company (LLC). This hybrid legal entity is beneficial for small-business owners and is also a powerful tool for estate planning.
If you want to transfer assets to your children, grandchildren, or other family members—but you are concerned about gift taxes or the burden of estate taxes your beneficiaries will owe upon your passing—an LLC can help you control and protect assets during your lifetime, keep assets in the family, and reduce taxes owed by you or your family members.
KEY TAKEAWAYS
A limited liability company (LLC) can be a useful legal structure through which to pass assets down to your loved ones while avoiding or minimizing estate and gift taxes.
A family LLC allows your heirs to become shareholders who can then benefit from the assets held by the LLC, while you retain management control.
The tax benefit of the LLC lies in the fact that the value of the shares transferred to heirs can be discounted quite steeply, often up to 40% of their market value.
Just about any asset can be put into an LLC.
What Is an LLC?
An LLC is a legal entity recognized in all 50 states, although each state has its own regulations governing the formation, running, and taxation of these companies. Like a corporation, LLC owners (called members) are protected from personal liability in case of debt, lawsuit, or other claims, thus protecting personal property such as a home, automobile, personal bank account, or investment.
Unlike a corporation, LLC members can manage the LLC in whatever fashion they like and are subject to fewer state regulations and formalities than a corporation. As a partnership, members of an LLC report the business's profits and losses on their personal tax returns, instead of the LLC itself being taxed as a business entity.1
Benefits of Using an LLC for Estate Planning
You’ve worked hard to earn and grow your wealth, and you probably want as much of it as possible to stay in your family once you’re gone. Establishing a family LLC with your children allows you to:
Effectively reduce the estate taxes your children would be required to pay on their inheritance
To continue reading, please go to the original article here:
12 Realistic Ways to Make Your First $1 Million
.12 Realistic Ways to Make Your First $1 Million
Barbara Friedberg Sun, November 14, 2021,
At first glance, building a net worth of $1 million might seem unattainable, but it's more realistic than you think. In fact, you don't even need a winning lottery ticket or a trust fund to join this exclusive club.
Your annual income certainly plays a role, but the way you allocate your funds actually matters more than your salary. When properly planned, a solid work ethic, responsible spending habits and savvy investing can grow your fortune to $1 million -- and far beyond.
12 Realistic Ways to Make Your First $1 Million
Barbara Friedberg Sun, November 14, 2021,
At first glance, building a net worth of $1 million might seem unattainable, but it's more realistic than you think. In fact, you don't even need a winning lottery ticket or a trust fund to join this exclusive club.
Your annual income certainly plays a role, but the way you allocate your funds actually matters more than your salary. When properly planned, a solid work ethic, responsible spending habits and savvy investing can grow your fortune to $1 million -- and far beyond.
Achieving this goal will require you to make some sacrifices, but the feeling of financial security is priceless. If you're serious about becoming a millionaire, it's time to start making some major moves. Craft a solid game plan by incorporating some -- or all -- of these 12 tips into your lifestyle and get on your way to making your first $1 million.
Boost Your Profit Margin
A profit margin isn't strictly reserved for businesses; it also applies to you. "By increasing the gap between what you earn and what you spend, you end up with a profit in exactly the same way a business earns a profit," said J.D. Roth, founder of Get Rich Slowly. "This profit can then be used to pursue your long-term financial goals."
To specifically reach a million bucks, you'll need to boost your savings rate substantially more than the normal 5 percent to 15 percent, said Roth. He suggested saving half of your income, and noted that you'll have to make hard choices of deferring present spending in exchange for future financial success. For two-income families, he suggested choosing to live on one income, and saving and investing the other salary.
https://finance.yahoo.com/news/12-realistic-ways-first-1-110003107.html
4 Ways To Protect Your Account From Bank Fraud
Bank Fraud Is On The Rise — Here Are 4 Ways To Protect Your Account
Korin Miller June 3, 2021
One of the scariest things about internet fraud is knowing that someone could hack your bank account if they happen to get a hold of certain personal information. It's only natural, then, to wonder about how to protect your bank account from fraud.
Bank account fraud happens, and it can mean the difference between you keeping your hard-earned money and seeing it vanish. Bank fraud attacks increased 159 percent over the past year, according to an analysis of 12 billion global transactions over the past year by risk management platform Feedzai, making this a very real risk.
Bank Fraud Is On The Rise — Here Are 4 Ways To Protect Your Account
Korin Miller June 3, 2021
One of the scariest things about internet fraud is knowing that someone could hack your bank account if they happen to get a hold of certain personal information. It's only natural, then, to wonder about how to protect your bank account from fraud.
Bank account fraud happens, and it can mean the difference between you keeping your hard-earned money and seeing it vanish. Bank fraud attacks increased 159 percent over the past year, according to an analysis of 12 billion global transactions over the past year by risk management platform Feedzai, making this a very real risk.
Luckily, you don't have to just hope you'll avoid getting scammed. Signing up for a password manager like LastPass Premium can help ensure that you create a strong enough password — and remember it — so that bank account fraud won't be an issue (but more on that later). Here's what you need to know about bank account scams and how to protect your account.
What Is Bank Account Fraud?
At a basic level, banking scams involve someone attempting to access your account, according to USA.gov. That's generally broken into four categories:
Overpayment scams. This is when a scam artist sends you a counterfeit check. They then tell you to deposit it in your bank account and then wire part of the money back to them. The check is fake, and you'll have to pay your bank the amount — and you'll lose any money you wired.
Unsolicited check fraud. If you cash a check from a scammer that you received for no reason, you could be accidentally authorizing the purchase of goods or signing up for a loan you didn't ask for.
Automatic withdrawals. A scammer can create automatic debits from your account to qualify you for a free trial or to collect a prize.
Phishing. This is when a scam artist sends an email asking you to verify your bank account or debit card number.
To continue reading, please go to the original article here:
Practicing Gratitude Can Lead To A Greater Appreciation For People And Experiences
.Life Can Be Hard. Practicing Gratitude Can Lead To A Greater Appreciation For People And Experiences.
Maureen Ruh Fri, November 12, 2021
What is gratitude? Is it an attitude, a feeling or an expression? How do you best describe gratitude and its effect in your life? Broken down to a very simple level, gratitude is really about a three-step process of noticing what is happening in our daily lives, focusing on the good things and appreciating our lives.
It is important every day to notice even the small things that we experience (like sunshine, a drink of water) that we may have been taking for granted. Focusing on the positive aspects of our daily lives despite many opportunities to think negatively is important.
Life Can Be Hard. Practicing Gratitude Can Lead To A Greater Appreciation For People And Experiences.
Maureen Ruh Fri, November 12, 2021
What is gratitude? Is it an attitude, a feeling or an expression? How do you best describe gratitude and its effect in your life? Broken down to a very simple level, gratitude is really about a three-step process of noticing what is happening in our daily lives, focusing on the good things and appreciating our lives.
It is important every day to notice even the small things that we experience (like sunshine, a drink of water) that we may have been taking for granted. Focusing on the positive aspects of our daily lives despite many opportunities to think negatively is important.
Changing our awareness and focus will then lead to a greater appreciation for the people, events and experiences that happen in our lives.
Gratitude brings us a multitude of gifts. It benefits us mentally, physically and emotionally. Several studies over time have shown the benefits that result from a consistent and active practice of gratitude. People who are grateful tend to feel happier, sleep better, experience more energy and have greater mental clarity.
Gratefulness causes our brain to release more positive neurotransmitters, such as serotonin, dopamine and oxytocin which can improve our mood. Gratefulness can lower the presence of the stress hormone, cortisol. Increasing positive brain chemicals while reducing stress brain chemicals can help to assist with certain mental health disorders, such as anxiety or depression.
Stress often disrupts sleep patterns. Research has shown that gratitude journaling for five minutes before bed (writing about or listing the positive events of the day) increases our mental well-being which can contribute to an improved quality of our sleep.
People who journal daily have reported better coping skills when life challenges arise. They have noticed increased mental strength and emotional resilience. These skills help them create positive solutions, stay grounded and regulate their emotions more easily in uncomfortable situations.
Gratitude can also help with personal self-esteem and in our relationships with others. When we are grateful for what we have and who we are, we are much less likely to compare ourselves to others. Practicing gratitude helps us to release toxic and negative emotions, such as envy and resentment, while strengthening our positive emotions and feelings, such as happiness and empathy.
To continue reading, please go to the original article here:
https://www.yahoo.com/news/life-hard-practicing-gratitude-lead-141913021.html
22 Utterly Clueless And Borderline Offensive Things Rich People Have Actually Said
.22 Utterly Clueless And Borderline Offensive Things Rich People Have Actually Said That Rival "Let Them Eat Cake" Please Do Not Be Like These Rich People !!
Sat, November 6, 2021,
Recently, we asked the BuzzFeed Community to tell us the most clueless thing they've heard a rich person say or ask about money. Combined with some horror stories from rich bosses, we've rounded up some of the most out-of-touch comments rich people have made.
1."If you really care about helping elephants, you’d buy some and put them in a sanctuary." —sexyfart
TV Land
2."The owner of my former company said, when alerted to the fact that payroll had not gone through, that it was 'fine, because none of my employees are living paycheck to paycheck.' " —riggplustwo
22 Utterly Clueless And Borderline Offensive Things Rich People Have Actually Said That Rival "Let Them Eat Cake" Please Do Not Be Like These Rich People !!
Sat, November 6, 2021,
Recently, we asked the BuzzFeed Community to tell us the most clueless thing they've heard a rich person say or ask about money. Combined with some horror stories from rich bosses, we've rounded up some of the most out-of-touch comments rich people have made.
1."If you really care about helping elephants, you’d buy some and put them in a sanctuary." —sexyfart
TV Land
2."The owner of my former company said, when alerted to the fact that payroll had not gone through, that it was 'fine, because none of my employees are living paycheck to paycheck.' " —riggplustwo
3."When I was pregnant, I was talking to a friend of mine about how I was worried I was going to have postpartum depression after my baby was born. She told me, 'Oh, don’t worry about that; only poor people get PPD.'” —zeeroworeez
Universal Pictures
4."In a class, we were talking about abusive work environments, and one girl was like, 'Well, I would just quit.' Several of us had to explain that just quitting your job is not an option for everyone. Sometimes you have to tolerate a horrible job while you look for a better one because you have bills to pay." —dellarock
5."I work in a bank so I have heard it all, but the worst was definitely a customer of ours that came in frequently. She once said, 'I wish I was poor like you guys. It’s too much work having all this money.'” —hillaryd45fdef058
Bravo
6.“'I imagine my childhood was much the same as yours.' Said to me by a man in his family castle, as we admired his collection of classic cars." —nikkinapalm
7."I was talking about how the washer and dryer in our rental busted as soon as we moved in. I was worried about how we would get another one. My boss gave me a look and said, 'You can get one at Best Buy for not that much, like $600 each? That's only $1,200.'"
"I responded, 'That's a lot of money.' She looked extremely confused. That was more than she paid me in two weeks; how in the world did she think I could afford that?" —Anonymous
ABC
8."I was having lunch with a former friend, and we were having a discussion about dental care. I mentioned that I had a tiny little discoloration on an otherwise healthy tooth. She told me I should just get it pulled and replaced with a veneer like it wasn't going to cost me an arm and a leg." —fluffyblackcloud
9.*The CEO of my previous company asked for a mandatory donation of $150 to Toys For Tots in order to attend our Christmas party. The donation had to be from your own personal money — mind you, at the time I was making $12/hour."
"Here's the kicker...the Christmas party was hosted at a fancy hotel and a 'cheap' drink at the bar cost $12–$15. We asked if he would cover at least one drink for employees, and he said, 'I refuse to pay for my employees' drinks when there are children without toys on Christmas.' One year I spent $200 between the donation, two drinks, and an Uber home." —Anonymous
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