How Money Makes The World Go Round
You want to recession-proof yourself? Try this
“If discussing money is a tricky challenge for most people, then discussing what financial independence is all about will be impossible.”
According to a survey conducted by Ally bank, 70% of Americans think that it’s rude to talk about money.
People don’t like to talk about how much they pay in rent, or the amount of their monthly mortgage payment. And others find it crass to discuss it.
Surprising, given it’s the thing that makes the world function.
University College London found that people were 7 times more likely to talk to a stranger about sex, affairs, and sexually transmitted diseases than discussing their salary.
Wells Fargo found that 44 percent of Americans see personal finance as the most challenging topic to discuss with others, more so than subjects like death, politics, and religion.
We fear loss more than we value gain.
There’s a lot to suggest that we fear loss more than we value gain, which is why most people prefer to avoid the topic altogether.
