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Money and Finances
Reply to "What money habits keep you poor?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My kid was telling me the other day that the poor kids in school have all got $100 or $200 trainers, while many of the rich kids are wearing $45 sneakers. Not of course a main reason that poor people stay poor, but poor choices on conspicuous consumption is not always irrelevant either.[/quote] When you can never attain the big thing (house, neighborhood, full college tuition) you splurge on the small thing (sneakers, phone, clothes, maybe ever a more expensive car).[/quote]High school friend of mine has lower HHI, both kids at private school on financial aid, small house with a big mortgage. But every bite of food for the family will come from Whole Foods. So that’s covered at least![/quote]
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