The Long Road

Archives: April 2008

Thursday, April 3, 2008

One of the things I remember most from reading Rich Dad, Poor Dad is the part he says along the lines of "people with money tend to talk more about money than those without". I've come to agree with his implications to that statement. That is, the more you talk about money, the more you learn, and the more money you can make (and keep!). Even just chatting with friends, you will doubtlessly learn something from each other, increasing your financial knowledge.

There is a bit of a Taboo in western culture in regards to discussing personal finances. Because money is the root of all evil, and personal finances should be just that. Chinese culture is slightly different, it always seems like everyone knows what everyone else is making and your hourly wage is open to conversation during morning tea. But I think that's sometimes more gossip and yardsticking than anything else.

Personally, I dont mind at all if my friends know the details of my finances...what does it change? (remember that year where I posted detailed spreadsheets of my monthly expenses?) I remember asking a friend how much his house cost because I was interested in how much houses in that neighbourhood were, but he refused to answer. What would have changed had he told me, though? It's a nice house in a nice area, so its obvious he's making good money. Knowing the cost of the house would not have changed anything except to increase my knowledge.

Posted by Long @ 01:47 PM EST [Link] [Karma: 0 (+/-)] [No Comments]

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