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MONEY & INVESTING
(Updated Tuesday, Apr 1, 2008, 05:12:11 PM to reflect the 100 most recent valid responses.)

Who handles the household checkbook in your family?
The Wife | 74%
The Husband | 26%

Which of the following ethnic groups attaches the most importance to making money?
Chinese Americans | 51%
Vietnamese Americans | 14%
Japanese Americans | 1%
Corean Americans | 30%
Filipino Americans | 4%

Which of the following do you consider to be your most important investment method currently?
Buy/Upgrade Own Home | 39%
Other real estate | 4%
Stocks/Options/Futures | 31%
Mutual Funds | 10%
Bank Deposits | 16%


This poll is closed to new input.
Comments posted during the past year remain available for browsing.

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WHAT YOU SAY

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be,

If you do not have enough money, and try to live with your means, it becomes very difficult and strains the family relationship. I know this from personal experience of coming from a poor immigrant family.

"What about emotional support? How much does that contribute to a child's upbringing?"

When I first posted this I was referring to being so poor the kid grows up in a bad neighborhood where they will be exposed to criminal elements at an early age. Being so poor a kid may have to decide if they want new clothes they will have to skip out on lunches. Even attending a good university is out of reach. And being so poor that the parents are not around to even give the emotional support your are referring to.

"You're tellnig me you used money to attract your mates, b/c you cant rely on your personality"

Attracting females has not really been an issue for me before nor after my fiancial success. However, would you recommend a women to commit her life to a pauper for love. I've been a pauper and I know even love is not immune to attrition from poverty.

As for money opening new opportunities with the opposite sex, that I will not deny. Are you trying to say you would be attracted and contemplate committing your adult life to a man with uncertain finances. How long can you live on love alone?

I too grew up in a church family. I know every detail of the pastors family, his sons basically grew up with me. Even they are not immune to the need of money. Good thing they are in a cash and tax free business.

After college I think it is very difficult to make true friends. Money underlies all relationships after this point. Are you activitely dating now that you are out of school? Do you make polite inquiries into people financial situtation? Like comments on career, clothes, jeweler, automobiles, and homes.

I'm happy to see that you brought up in relatively innocent surroundings. But my friends growing up became future prostitutes, drug dealers, gangsters, extortionist, gamblers, and alcholics. There one black sheep that grew up to be a cop. We just grew up on different sides of the preverbial tracks.
AC Dropout    Friday, May 10, 2002 at 12:45:10 (PDT)
AC Dropout:

"Without enough money, you will risk family stability."
And how much is enough? If you're refering to finanical stability...I must say wealthy people are not free of these problems. Financial stability is not about how much money you make, but rather how well you can live within your means.
"Without enough money, you won't be able to give your kids a good upbringing."
Sure, money helps. What about emotional support? How much does that contribute to a child's upbringing?

"Without enough money, you won't be able to hang out with your friends."
Who do we enjoy spending time with...a person who is loaded, or a person with a good attitude? Besides, you dont need to spend money to have a good time...you just need good company.

"Without enough money, you will not be able to attract the most desirable mate to create a family."
This saids a lot about you. You're tellnig me you used money to attract your mates, b/c you cant rely on your personality? How about rewording it...w/o enough money, rich guys with no personality are not able to attract a mate.

I have a story to tell about a pastor I know. I have always perceived him to be the father who had it all--a well-respected, successful engineer/pastor blessed with two adorable teenagers (a boy and a girl; both sweet, musically inclined, intelligent, and physically attractive). As you can see...I was taken by surprise when I first came to their house. They lived very modestly--their car, house, furnitures, and appliances were all rather old. Then I came across the family album...and as I flipped through it, I realized my initial impression of this family was correct. They were successful! You could see it in their contentful demeanor...you could see it in the stacks of goofy pics...you could see it in the way they cherish one another. What made them successful? It wasnt the money, b/c they didnt have much. They had something so much more valuable -- the ability to love and appreciation each other!

In conclusion, money buys comfort/convenience...its doesnt buy friends, mate (unless you had the gold-digging kind), nor good upbringings. AC Dropout...you have proved to be book smart, but what about your knowledge in other areas?
be    Wednesday, May 01, 2002 at 15:59:09 (PDT)

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