more money more problems: so hard to be a millionaire

Discussion in 'In the News' started by goodlove, May 2, 2013.

  1. goodlove

    goodlove New Member

    Bankers Explain How They Cannot Possibly Live On $1 Million Pay

    http://www.huffingtonpost.com/2013/04/30/bankers-1-million-pay_n_3188177.html?ir=Business


    Like many carbon-based lifeforms, you perhaps think that bankers are driven only by naked greed. But that is just because you don't understand them: They actually have a deep psychological need for that money.

    In a new article at the U.K. site eFinancialCareers, several bankers explain that they have legitimate reasons for needing more than one million British pounds (about $1.6 million) per year in pay -- more money than most non-banking types could ever figure out how to spend. In a nutshell, it's all about psychology. Abraham Maslow clearly should have added "crap-tons of money" when building his hierarchy of needs.

    “It’s really not that unusual to find Wall Street bankers who are close to declaring themselves bankrupt,” Gary Goldstein, co-founder of U.S. search firm Whitney Partners, tells eFC's Sarah Butcher. “Some people are really struggling.”
     
  2. LA

    LA Well-Known Member

    If you can't manage your finances when you make over $100k/yr, then you have a serious problem and it isn't a lack of financial resources.
     
  3. The Dark King

    The Dark King Well-Known Member

    So basically we have weak add psychopaths running the financial. It other news Alaska is cold.
     

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