Yes Indeedy
August 3, 2014 Leave a comment
I can swear to this from personal experience.
Straight From Quora
August 3, 2014 Leave a comment
What do billionaires do in their spare time?
I know a few multi-millionaires, but only one billionaire, so I will answer in relation to the latter, though there is plenty of overlap with the former:
(1) they read. I do mean, they read. A lot. Mostly, non-fiction. Titles could range from anything on history (seems to be a favourite subject), to finance, to technical literature. I don’t see much of an interest in psychology, though people do seem to read on the various aspects of deal-making, such as negotiations and cultural differences, which is, in a way, related to psychology. I think they stay on top by simply being better informed (just because you have experts working for you does not mean that you yourself do not want to be well-informed) and avoid mistakes made by other in the past. Ordinary people learn from their own mistakes; intelligent people learn from others’ mistakes.
(2) they work. The billionaire, for example, has tonnes of paperwork to go through, be it reports, draft contracts, meetings agendas or other kinds of memos. He has taught himself to speed-read, so he can go over it relatively quickly, but it still often is boxes of stuff. His secretary prints hundreds of pages of emails regularly, just to give you an idea. The millionaires don’t seem to be as much of workaholics, but this is not to say that they relax after they leave the office. Generally, there will be after-hours meetings with various people to hold discussions on potential deal-making, even if it is over a whisky at their club. I think, after a certain level of financial security, people learn that time is the most precious, non-renewable resource and they try to use as efficiently as possible. Read more of this post
Home Truth
August 3, 2014 Leave a comment
Money is very symbolic of who wields the power, and holds the status and responsibility in a relationship.
“Something For My Hair Clips”
August 3, 2014 Leave a comment
In traditional Russian families it is very common that women look after the day to day budget and men tend to get some spending money handed out.
Both man and woman are likely to have saved some money from their salaries without disclosing it to their partners. A man would call it “zanachka”which could be translated as “stacked away” and women usually refer to it as “something for my hair clips” (which may sound like a small sum – but it usually is a substantial amount of money, way more than men put aside).
Men tend to save their money in cash, while women tend to buy something valuable with it or invest it.
Russian men are expected to pay for all large purchases,rent, holidays, restaurants, etc.as well as for the wedding. It is actually seen as an affront to a man if a woman pays for something in his presence. It might be seen as an attempt to say to this man that he is not masculine enough, not “a man” really.This applies to dating couples as well as the relationship between fathers and daughters. Read more of this post
Hesokuri And Okozukai
August 3, 2014 Leave a comment
In Japan,traditionally, the housewife controls the family budget even if the husband is the sole breadwinner, and the husband is given a small allowance to spend as he desires.This allowance is called Okozukai. In some cases, particularly bright women will have the Okozukai structured as a percentage of the household revenue, encouraging the man to work harder.The husband spends his Okozukai on himself, often on after-hours drinking with colleagues.
The wife, in contrast, often seeks to build secret reserves of cash.These secret reserves are known as Hesokuri from hesokuri-gane, meaning ‘money hidden in the navel.In the popular imagination it has two very different purposes. On the more noble side it is money that wives — keepers of the purse — maintain for emergencies or old age.On the less noble side it is a fund they maintain for themselves, to go out for lunch with their girlfriends or to buy something for themselves since stereotypically Japanese husbands rarely purchase gifts for their wives. In most cases, Hesokuri is built over the course of years from small savings put aside and interest compounded on the principal.Mostly this fund is accumulated after the wedding, but a few women confess to having saved money on their own before getting married and not telling their husbands about it.Most women believe the men know nothing about these liquid reserves.Women whose husbands have a tendency to get into debt or are abusive see Hesokuri as providing an option of a life away from their spouse. Read more of this post
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