Comments on: This Is How Rich People Think Differently Than Poor People

By: Minnie

Minnie — Tue, 30 Aug 2011 22:30:00 +0000

“A 401k is FREE money
if your company is matching. If you’re paying in 3% and your company
matches what you deposit, that is IMMEDIATE 100% RETURN on your
investment! Tell me another investment that is that good of a return for
needing absolutely NO investment savvy, you just need to tell your HR
folks to take the $, and give you the %.”

Does 401(k) matching even exist anymore? My last *3* employers didn’t match 401(k) contributions at all, and a fourth went from a defined match to a discretionary match, which was 0%.

By: Cory

Cory — Sat, 16 Apr 2011 16:02:40 +0000

How true, hgh. I pay high interest for my loans. I should instead try to plan but I don't. Always waiting for a break, then I will do my financial planning.

By: hgh

hgh — Sat, 26 Mar 2011 19:15:00 +0000

I think it is true that the poor and the rich think differently. That is because the rich plan ahead and pick the best options. The poor on the other hand is more concerned about solving the needs of the present.

When I was working for a car finance company, I notice that often the rich would be concerned about how much they have to ultimately pay whereas the poor are more concerned about the down payment and installment. They almost never sit down and count the exact amount they have to pay in the long run.

By: ChiQ Montes

ChiQ Montes — Mon, 10 Mar 2008 12:04:41 +0000

i have to agree.. nice article!

By: hank

hank — Wed, 05 Mar 2008 07:53:45 +0000

@traineeInvestor – no kidding. I grew up in a small town mentality without a lot of $$$ and I think it MOST CERTAINLY plays a role on where you grow up -

@Andrew – thanks for stopping by!

By: Andrew Flusche

Andrew Flusche — Tue, 04 Mar 2008 13:55:43 +0000

Hank,

Great article! And thanks for the link!

I also realized that I haven’t complimented your theme yet. Slick!!

By: traineeinvestor

traineeinvestor — Tue, 04 Mar 2008 08:31:40 +0000

A depressing list – depressing because you see it in so many people. One of the best ways to become financially responsible is to experience relative deprivation and financial uncertainty while growing up. Sometimes I think that is the main reason why developing countries often have much higher savings rates than the developed world.