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Started By
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re: Jamal Lewis files for bankruptcy, is $10.5 million in debt
Posted on 5/28/12 at 8:08 am to jcole4lsu
Posted on 5/28/12 at 8:08 am to jcole4lsu
When you look at the athletes and lottery winners who are incapable of handling the large amount of money that they receive, they are almost always people who came from poor backgrounds. You seldom see people from middle class and higher backgrounds who don't handle their success well.
This is understandable, because often people from the more poor backgrounds tend to over compensate for where they came from. They also don't have the sort of support network around them who can help steer them towards the right sort of investments. I know it's shocking, but poor people don't know how to manage money...
This is understandable, because often people from the more poor backgrounds tend to over compensate for where they came from. They also don't have the sort of support network around them who can help steer them towards the right sort of investments. I know it's shocking, but poor people don't know how to manage money...
This post was edited on 5/28/12 at 8:10 am
6
Posted on 5/28/12 at 8:10 am to Sophandros
its also a logical argument against forced lending to "high risk" applicants for things like mortgages, based on the same principle.
thats a poliboard thread tho.
thats a poliboard thread tho.
Posted on 5/28/12 at 8:16 am to Sophandros
quote:
poor people dont know how to manage money
You sir are a genius!
Posted on 5/28/12 at 8:19 am to Sophandros
Lewis has not been poor since 1999, and he spent those years in a major college atmosphere
At some point you have to take that crutch away. He has had enough time living on the right side of the tracks to have learned better
At some point you have to take that crutch away. He has had enough time living on the right side of the tracks to have learned better
Posted on 5/28/12 at 8:46 am to Sophandros
quote:
because often people from the more poor backgrounds tend to over compensate for where they came from
Got to impress white women
Posted on 5/28/12 at 9:47 am to Sophandros
quote:
This is understandable, because often people from the more poor backgrounds tend to over compensate for where they came from. They also don't have the sort of support network around them who can help steer them towards the right sort of investments.
well it's also likely that these people who win coming from these backgrounds are not of high intelligence
quote:
I know it's shocking, but poor people don't know how to manage money...
that's usually a big reasonw hy they're poor
Posted on 5/28/12 at 11:52 am to Sophandros
quote:
This is understandable, because often people from the more poor backgrounds tend to over compensate for where they came from. They also don't have the sort of support network around them who can help steer them towards the right sort of investments. I know it's shocking, but poor people don't know how to manage money...
Agreed
Wouldn't be surprised if there is an intelligence factor in there as well
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