Quote:
Originally Posted by aschen
I am confused by somebody smart enough to obtain a 300k salary but lacking the discipline to save or invest. What kind of positions pay that much and dont require business/financial savy?
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I know, that’s what’s so puzzling to me. People who do this come from all sorts of businesses and professions. Most are pretty smart and competent people in most aspects of life, except finances.
It’s not like this is a truck that comes out of nowhere and mows you down.
You can see it coming down the road literally decades in advance.
My theory is that it’s just how many people are wired. I think a huuuuge part of it is genetics. And some from how you were raised. They just have a huge blind spot as to their financial future.
How easily you are influenced by others, and how much the “approval” or “respect” of others matters to you makes a big difference. It can drive people to financial insanity/suicide.