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Old 06-29-2010, 02:30 PM   #34
Waldo
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While I agree that talking about how much money one has, spends or earns is often tacky - particularly so outside of one's closest friends. I also think that this "we mustn't discuss" attitude is part of the problem that lead to this most recent financial downturn.

Our inability to say "I don't have the money to do X" is often fueled by a misunderstanding about what other people really have.

My experience of those who have money is spot on with the adage that they rarely talk about it. Due to the industry I work in I would venture to say that I am on a first name basis with more millionaires than the average person and with most of them you would never know it. Not just because they don't talk about it, but they don't spend like it. They don't drive the latest cars, wear the flashiest clothes, take the most expensive trips.

Their wealth will likely last their lifetime and they'll have a nice large estate to pass down to their heirs.

I also know a good number of very rich folks who will likely wind up with nothing in relatively short order because of bad decisions and a lack of restraint. They DO drive the latest, and often multiple, cars. They wear designer clothing and exensive jewelry and they travel first class all the time. They consume constantly.

How interesting a world it would be if one's salary and net worth were publicly available. I wonder if that would change how we view money, things, wealth. Just a thought.
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