40. “We’re worth $5 million but my wife nearly canceled our trip to save $200”
Money For Couples with Ramit Sethi
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The Wealthy Subsidizing Others
Frugality can be a great skill, but at a certain level it can become destructive. If you're so focused on cutting back and saving money, you forget that you have obligations as a wealthy person. That moxy hotel that rachel was so afraid of, guess who works there? Front desk staff, door men, bartenders, housekeeping. But to save that hundred dollars that she absolutely does not need to save, she skipped it. This is nothing new. The wealthy subsidizing others has happened for generations, for hundreds of years,. In ancient greece, arts, for example, were funded by the wealthy.
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