Originally Posted by
Knight
Keeping up with someone that has money to spend on what most would call luxuries could be viewed another way. Envy or work towards that kind of lifestyle if that is important to you.
Or just live life as best as you can with the abilities you have. I've always looked at those with great wealth that spend as contributors to society. The employment created for that sector of society would be lost if everyone was at the same level unable to buy luxuries.
Envy has a dark side.
Researchers from the San Francisco Federal Reserve found people who earn 10 percent less than their neighbors are 4.5 percent more likely to commit suicide.
https://www.businessinsider.com/link...eserve-2012-11
Advice I was given at some point in my adult life.
Don't look at what others have, look at what you have, you will be much happier. That has been very true for me
Grahamg wrote:
"I have some farming friends and neighbours who are probably worth 20 million pounds between these two brothers. They are getting on a bit now, and have certainly worked very very hard for all their money, and been "very tight" whilst building up their fortune. For these two men I think there is no doubt it is the fun of making their money, or the fun of being the best at their jobs that has made them do it, and kept them happy and contented, and as far as keeping up with the Jones goes, well that is the furthest things from their minds.
One of them had a "flat hat, or flat cap", the kind of thing tradesmen or manual workers wore from before the time between the first and second world wars or maybe in the decade or two after the war. Well the top layer came loose on his cap, and eventually fell off, but this didn't stop him wearing it, and the white insulation layer turned brown, but still it got worn, and as you can tell I became fascinated by it. In the end one of his children bought him a replacement, so he never had to spend any money on himself, or on this new cap.
Are people like that strange or wrong for not providing work for others because they hold onto their money?
Whether they are or not, they are very contented with life, and strong enough characters so that no one will ever tell them to behave differently."
grahamg posted a story he is facinated with then asked.
Quote
"Are people like that strange or wrong for not providing work for others because they hold onto their money?"
Why would they be strange or wrong for doing what they feel is right for them? Not spending for what most would call luxuries they still circulate some for everyday expenses and the accounting services for their money. Your neighbors "friends" have no obligation to spend to create jobs for luxury items. You seem to know the family well enough to offer an opinion on whether the children would continue to accumulate & not spend. Or do you think they would spend on luxury items?