Of Dollars And Data https://ofdollarsanddata.com Act Smarter. Live Richer. Tue, 02 Apr 2024 12:06:24 +0000 en-US hourly 1 https://ofdollarsanddata.com/wp-content/uploads/2020/06/cropped-small_logo_only-32×32.jpg Of Dollars And Data https://ofdollarsanddata.com 32 32 The Story That’s Sold https://ofdollarsanddata.com/the-story-thats-sold/ Tue, 02 Apr 2024 11:30:03 +0000 https://ofdollarsanddata.com/?p=25640 without you knowing about it. How many stories do we hear from people who overemphasize their struggles and downplay their privileges to shape their image? For example, there is a part in the David and Victoria Beckham documentary, where Victoria talks about how she grew up “working class.” That’s when David barges in and says “Be honest…What car did your Dad drive you to school in?” To which Victoria begrudgingly replies, “In the 1980s my dad had a Rolls Royce.” Many people want to downplay what advantages they had growing up to make themselves seem more deserving of their current lifestyle. They are always trying to seem less privileged then they really are (or were). For example when you ask people, “To which social class do you belong?” only 1%-2% will ever answer “upper class” even though the upper class includes the top 5% of the wealth spectrum. People will also downplay their advantages when they are trying to sell you something, especially in the financial space. Just think about how many financial influencers tell their “rags” to riches story as evidence of how to get rich, only to sell you on how to get rich as well. Unfortunately, often the only thing being sold is their story. After all, wouldn’t you rather listen to the person who was “broke” and then got rich over the person who was already rich and then came up with a system to get rich? It seems logical that the broke-to-rich person’s advice is probably better than the rich-to-rich person’s advice. But how would you know?
