Thursday, May 3, 2012

Ronald

I rarely agree with CF but the one belief he has that I tend to agree with is that most people thought of as being poor are poor because of poor decision making.
Many would rather squander resources on material goods in an effort not to appear poor while making such purchases often keeps them poor.
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1 comment:

Brohammas said...

Yeah, I kinda disagree but mostly on the inverse of this idea...
Most people STAY poor because of bad decisions. Reality is that money is a hedge against bad decisions, which means that many rich people stay rich despite making bad decisions.
So Donald Trump can fail enough to claim bankruptcy three times and stay rich, while a poor person only has to mess up once to be doomed.

So the root isn't really the decisions, it is how much you have when you start.

May 4, 2012 at 12:05 PM

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