Great conversation. I found the first part on perception of wealth particularly interesting but wished it could have morphed into how people without debt tend to perceive wealth. Seems like Abby would be a great guest to have back. I'd like to hear her speak on subjects like impulse decisions, perception of quality, purchase regrets, and chance.
Brilliant guest. It's funny, I actually have had this thought process about thinking that others are wealthier and are lax on paying debt. It's like she can read my mind. 😄
Regarding the first topic, if I see someone driving a Bentley or a Lambo, I assume that they are net positive and already have their retirement secured, otherwise it would be insanely stupid to waste those amounts of money on fancy cars. I assume that they aren't that stupid.
Oh they're certainly out there, the stupid people! Personally I give every luxury car owner a 50% probability that they made some sort of stupid decision.
All you can know about someone from what car they are driving is that they are that much poorer than before they made that purchase (unless it was a gift of course).
Often wrong. Assume leverage. A friend’s networth is $10m + drives a newer Buick and lives in a nice but modest condo. They do enjoy a condo in California plus trips and help out family but they live quietly among the masses. I call it stealth wealth.
This is one of my favorite episodes; everything discussed was fascinating and counter-intuitive in many cases.
Thank you, Abigail - fascinating work. With super smart people, I have to set RUclips speed to 0.75 to slow them down just a bit. ;)
Great conversation. I found the first part on perception of wealth particularly interesting but wished it could have morphed into how people without debt tend to perceive wealth. Seems like Abby would be a great guest to have back. I'd like to hear her speak on subjects like impulse decisions, perception of quality, purchase regrets, and chance.
I wish you would do a recap of important stuff said during the podcast at the end. Good job as always.
300! Way to go! Great episode.
Brilliant guest. It's funny, I actually have had this thought process about thinking that others are wealthier and are lax on paying debt. It's like she can read my mind. 😄
Congratulations on 300! Abby is insightful.
300! Congratulations!
300 thanks! Keep on going.
Congrats!!
Congratulations 🎈
See you guys in episode 600
Congratulations! Keep on going guys ❤
Nice
Regarding the first topic, if I see someone driving a Bentley or a Lambo, I assume that they are net positive and already have their retirement secured, otherwise it would be insanely stupid to waste those amounts of money on fancy cars. I assume that they aren't that stupid.
Oh they're certainly out there, the stupid people! Personally I give every luxury car owner a 50% probability that they made some sort of stupid decision.
All you can know about someone from what car they are driving is that they are that much poorer than before they made that purchase (unless it was a gift of course).
Often wrong. Assume leverage. A friend’s networth is $10m + drives a newer Buick and lives in a nice but modest condo. They do enjoy a condo in California plus trips and help out family but they live quietly among the masses. I call it stealth wealth.