SeaSnake
OG
them northeast rent prices are nuts
im calling bs
- Thread starter Race Jones
- Start date
them northeast rent prices are nuts
Blue_London
OG
I should of explained it better in the UK they did a study on what the average person views as rich. Because there's no general census on what it means to be rich
Is there a public consensus on what it means to be rich?
New research shows that people can easily identify what makes you rich, but struggle to agree at what point wealth and income become excessive.
www.lboro.ac.uk
To me athletes are the mega rich. It's Interesting because they found no one can agree on what it means to be rich so they had to base it on lifestyle and break it down to 5 different levels. We all know what a poverty line it's just funny we can't agree on a rich line
This probably needs its own thread
Focal Point
Negusa Negast
Yeah... facts, though there are some cheaper locales
Focal Point
Negusa Negast
Fiscal Responsibility really needs to be taught in school
The Lonious Monk
Celestial Souljah
I mean it's true, but it's simplistic to the point of stupidity.
Yes, the poor are poor because they spend most of their money. The reason why they spend it all is because they barely make enough to cover necessities like food, clothing, and shelter. The middle class saves money because, while they make enough to cover necessities and even buy some luxuries, smart people in the middle class know they are just one disaster away from being poor, so they have to keep money in a position where it can be used when needed and can't really gamble it. Rich people invest because they have the disposable income to do so.
The quote is written to suggest that poor people are poor because they choose not to invest, and we know that's absurd. it also implies that rich people became rich by investing, and that is also absurd.
Focal Point
Negusa Negast
Part of the problem is ppl gotta understand the difference between rich and wealthy, as well as net worth, and lastly how income works and like you said determining levels of rich. Wealthy is its on level because it's constant whereas rich is subject to changeI should of explained it better in the UK they did a study on what the average person views as rich. Because there's no general census on what it means to be rich
Is there a public consensus on what it means to be rich?
New research shows that people can easily identify what makes you rich, but struggle to agree at what point wealth and income become excessive.
To me athletes are the mega rich. It's Interesting because they found no one can agree on what it means to be rich so they had to base it on lifestyle and break it down to 5 different levels. We all know what a poverty line it's just funny we can't agree on a rich line
This probably needs its own thread
Disanthrope
Inconvenient truth + Necessary evil
Sounds catchy but nah
Los216
The Game Is The Game
It is taught but it doesn't make a difference.
Like, what's teaching kids in the inner city who are poor about fiscal responsibility gonna change? They are still going to be poor after that lesson. There are still systems in place that are designed to keep them poor. The only difference will be that they know why now.
Old Man Cain
OG
This
and to add on, we should all be trying to get our coins up and investing no matter where we are financially if possible hopping into the investing and even more importantly real estate we can start building wealth for yourself and family
Los216
The Game Is The Game
Simply saying we should invest is a pretty empty statement though.
It feels like the whole statement when people say "We need to invest" is pretty much bullshit.
Investing is not a solution. It's an act.
You can't teach people to save what they don't have
Investing no matter where you're at financially sounds good but if you don't have any extra disposable income then asking somebody to invest and take a risk is a risk they may not be able to realistically do
Old Man Cain
OG
negative.
That's like saying we should eat more veggies is bullshit. Do we need to only eat veggies to survive no but do need to eat some. Same goes for investing do we need it nope should you do it yup
We live in the information age. If anyone has fingers and a smartphone they can google "how to invest" or "how to get started investing"
Also it's not the answer for all things but it's a step in the right way.
Los216
The Game Is The Game
I remember when I was in the Marine Corps a lot of the dudes in my platoon would talk about what they were investing in the Stock Market and they would ask me what do I have stock in and I would tell them nothing. I had 3 kids. Most of them didn't have any kids. I would rather spend the money that I'm making on my kids right now so that we can live right now. I remember telling them that we don't save a lot of money and they said that wasn't smart.
I think it's funny how people who are in different situations try to paint your picture for you. They are trying to tell you how to live like what makes them happy makes you happy.
The funniest thing is most of those dudes that were investing were doing small time shit. Niggas was investing hundreds of dollars. Not thousands. They were playing with chump change. None of them were even trying to take any real risk to make some real money.
Los216
The Game Is The Game
Why do we need to invest?
Los216
The Game Is The Game
People want to tell other people to invest in a system and a society that is not even invested in you.
That's like telling me that I should really go eat at that restaurant that doesn't even like to serve niggas but I should get out more and try new things right?