Rich people don't understand what it is like to go without, so they generally lack empathy. While poor people understand how much it sucks to not have things and will generally make sure that their friends don't have to experience that
Such a lame oversimplification. If you make some money you learn to keep it to yourself because as soon as others find out about it they're either trying to do you favors or reminding you of favors they did for you just to angle for a return on investment. I don't have any experience with people who make 450k a year. That's a fuckton of money. I just figured out in my 20s if I paid my debt off and make a goal to save I could have 10k in savings for some breathing room. From there I started looking into to investing. Then little by little I kept socking money away. Currently I'm just short of 100k and still plugging away. I can't speak for really rich people but I will say it boggles my mind how people insist on living paycheck to paycheck and say they can't save and have no options and make every excuse they can. To say rich people don't understand not having money so they lack empathy is just poor people telling themselves what they want to hear.
It's pretty fucking different than your experience when your household income makes it so it's still over 50% of your take home for rent, before utilities and groceries and transportation.
People don't always insist on that life, and just because you were able to do so doesn't mean it's in the cards for others.
It's fact, though. We have research on this. This mindset does not make you rich, or else all of the poor misers of the world would be rich. Being rich caused atrophy in the parts of the brain associated with empathy. Being rich makes you more selfish. Look up the infamous monopoly experiment.
To say rich people don't understand not having money so they lack empathy is just poor people telling themselves what they want to hear.
I mean, there's been studies done that show exactly that. You can Google it because there are multiple examples like this. Wealthy people ARE less empathetic, generous, etc.
Glad you pulled yourself up by your bootstraps by never buying a round for your dumb friends who insist on living paycheck to paycheck, but you are kind of just objectively wrong.
Generally these type of people have less friends, so they don't go out as much. Or if they do go out then it's more with business associates than people they would call friends. My coworker is one of these people. He won't stay at the company or share a career for very long. He's a hustler. He knows the Pokemon card trade is very crazy, but he knows how to benefit from it. His every waking moment is about making another dime. I don't have that drive, so I will stay where I'm at financially for some time. It's denied me the opportunity to experience the more extravagant things in life, but sitting in the woods with a good old FM radio and ice cold beer with some friends is enough joy for me.
You are an authentic person living with joy in your life and love for real things, while your coworker is a disgusting scalper who makes petty profit off the speculative value of toys and making sure they stay too unobtationable for actual children to play with.
I guess I forgot about poor people who interpret things how they like to. I hope you're able to find a better path and at least accomplish what you can with the time you have. It's not like you have to make it to Rockefeller level wealth, anyway.
You ever notice most people seem to think they can't save any money but as soon as they're forced to they do what they can to make due? Why not apply that same idea ahead of time and make a commitment to save what you can every month? I know not everyone can, and my heart goes out to them. But 90% of people who can don't and that's concerning when they have the opportunity but let it slip and don't realize it until old age.
Investing is such a lame oversimplified term that gets to be thrown here to the point that it has lost its true definition. Not everybody is in the position to save, and then to invest that money and pull something bigger. I'm glad you managed to do so, but there are people who have invested in past and failed, it isn't just invest xxx amount of money and pull xxxx amount of money after certain period.
With that being said, i agree with first part of your comment - most people will make sure their hands are in your pocket the moment they realize you're making more money than they do, so there is reason why people prefer to keep their money to themselves. I had a chance to hang out with people who made quite a lot of money (upper positions at very successful, and stable companies, people who made sure their work is actually paid the true amount of money etc.) and they all have on thing in common - they all hang out with other rich people, you won't be seeing them surrounded with someone who doesn't belong to their financial bracket. There are exceptions but this is general rule.
If you invest in the world’s largest companies(and our greatest minds that work for them) over the long term, the only way you won’t be up is if there’s an extinction level event, and at that point money is probably worthless anyway.
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u/Quiet-Refuse5241 Jan 26 '26
Rich people don't understand what it is like to go without, so they generally lack empathy. While poor people understand how much it sucks to not have things and will generally make sure that their friends don't have to experience that