APAD: If you've got it, flaunt it.

If you've got something you're proud of don't be afraid to show it off.

 

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When it comes to wealth, the mob go one step further. According to the

bestseller "The Millionaire Next Door," most people believe if you have it, you

HAVE to show it by spending on luxury, a practice the authors advise against.

The millionaires interviewed all set boundaries well within their means. To

them, looking rich and being rich are totally different things.

 

Many (including Taleb) have since pointed out the survivor bias of the data

collated in that book, i.e., all misers do not become well off, but that IMO

does not hurt its main message: keeping wealth requires financial discipline.

 

If discipline is only self-love, can we conclude that most people don't really

love themselves?

所有跟帖： 

• 对啊，还有秀恩爱死的快的说法 -移花接木- ♂ (0 bytes) () 10/07/2023 postreply 09:48:18

• 哈哈。Never heard of that one! -7grizzly- ♀ (0 bytes) () 10/07/2023 postreply 10:02:59

• 人生得意须尽欢 莫使金樽空对月！thanks for sharing! -方外居士- ♂ (0 bytes) () 10/07/2023 postreply 11:03:38

• 欢 == to gratify the senses and to get stoned in particular? -7grizzly- ♀ (0 bytes) () 10/07/2023 postreply 11:13:46

• Yes. It is more than show off as it does not care show-off -方外居士- ♂ (0 bytes) () 10/07/2023 postreply 12:29:23

• OK. Next time, I'll take my paycheck to the bar :-) -7grizzly- ♀ (0 bytes) () 10/07/2023 postreply 12:38:01

• I just need a free beer -方外居士- ♂ (0 bytes) () 10/07/2023 postreply 13:11:07

• Is that a brand? I’ll have a Blue Moon. -7grizzly- ♀ (0 bytes) () 10/07/2023 postreply 14:04:28

• Fake it till u make it. But when u make it, u try to hide it -暖冬cool夏- ♀ (0 bytes) () 10/07/2023 postreply 13:14:01

• Great strategy many failed to follow:) -7grizzly- ♀ (0 bytes) () 10/07/2023 postreply 13:48:32

• 老美常说 Fake it till u make it。，是不是会hide就因人而异了。：） -盈盈一笑间- ♀ (0 bytes) () 10/07/2023 postreply 14:59:21

• 东西方文化的差异。低调的奢华，会不会更有意思呢？：） -盈盈一笑间- ♀ (0 bytes) () 10/07/2023 postreply 14:53:32

• Make sense. The Tao said "国之利器，不可以示于人。" -7grizzly- ♀ (0 bytes) () 10/07/2023 postreply 16:58:04

• 这年头，还是低调点好。 -waterfowl- ♂ (0 bytes) () 10/07/2023 postreply 16:08:21

• Except when it's business and not personal. -7grizzly- ♀ (0 bytes) () 10/07/2023 postreply 17:03:49

• most people do love themselves, but love not disciplining -godog- ♂ (0 bytes) () 10/07/2023 postreply 17:01:31

• themselves more -godog- ♂ (0 bytes) () 10/07/2023 postreply 17:02:02

• Most indulge themselves. That's for sure. -7grizzly- ♀ (0 bytes) () 10/07/2023 postreply 17:07:54