rocky1
Member of DD Central
Posts: 1,119
Likes: 1,939
|
Post by rocky1 on May 22, 2020 11:31:00 GMT
are you ready for this? the love of money is called PLUTOMANIA.described as 1.a passion or craving for wealth. 2.an obsession with money. 3. the delusion that one is wealthy. the love of money is the root of all evil.all wrongdoing can be traced to an excessive attachment to material wealth. this saying comes from the writings of the apostle paul hence it is sometimes shortened to money is the root of all evil. are we really that materialistic and AVARICIOUS or are some of us losing the bloody plot around here. I think I need to go and have a lie down for a few hours.
|
|
|
Post by dan1 on May 22, 2020 12:00:25 GMT
I really don't believe in the whole working hard thing should earn you more or less. I also think that the country needs more people who have not been indoctrinated in this protestant work ethic thing. It makes no sense and probably explains the UK's low productivity. I know too many people who think being busy at work is a good thing. Over 30 years I learnt that doing one or two things perfectly made my companies more than all the hard work combined I generally am not that interested in pay. Working for myself makes you focus. Btw I also think some CEO pay is silly. Couldn't agree more. Presenteeism is a cancer in most office based jobs that has systematically destroyed productivity.
|
|
|
Post by moonraker on May 22, 2020 14:55:13 GMT
... I know too many people who think being busy at work is a good thing. Over 30 years I learnt that doing one or two things perfectly made my companies more than all the hard work combined... I twitched if I had 5% more work to do than usual and twitched if I had 5% less. My monthly report was ready to be submitted the evening before the end of the month. I suspect I was the only one who made up the hours if I had a short day travelling to a job direct from home. I sniffed inwardly at those who were having an easy time. I found time to take on an extra chore of checking some equipment every month - it took about 30 minutes.
I was able to retire early, I bequeathed the chore to a very laid-back guy and showed him what to do - and was called back two months later (for a fee) because he hadn't got around to it and couldn't remember what to do.
Looking back, I wish I hadn't been so conscientious.
|
|
one21
Member of DD Central
Posts: 398
Likes: 265
|
Post by one21 on May 22, 2020 16:20:11 GMT
Pay / reward structures are complicated, the white collar sector is one the thing the healthcare / caring profession another. I read about a Dentist some years ago who was paid by the number of fillings he carried out. It was discovered that he was drilling and filling children's teeth unnecessarily to boost his income.
|
|
|
Post by bracknellboy on May 22, 2020 16:52:34 GMT
... I know too many people who think being busy at work is a good thing. Over 30 years I learnt that doing one or two things perfectly made my companies more than all the hard work combined... I twitched if I had 5% more work to do than usual and twitched if I had 5% less. My monthly report was ready to be submitted the evening before the end of the month. I suspect I was the only one who made up the hours if I had a short day travelling to a job direct from home. I sniffed inwardly at those who were having an easy time. I found time to take on an extra chore of checking some equipment every month - it took about 30 minutes.
I was able to retire early, I bequeathed the chore to a very laid-back guy and showed him what to do - and was called back two months later (for a fee) because he hadn't got around to it and couldn't remember what to do.
Looking back, I wish I hadn't been so conscientious.
I'm reading this having just finished doing some end of the week admin, and waiting for a 18:00 conference call to kick off, on the Friday of a bank holiday weekend.....
|
|
|
Post by Deleted on May 23, 2020 17:52:52 GMT
I've worked for secure bosses, insecure bosses and American insecure bosses. The last are to be avoided. Since I'm not bonus motivated I never really got on with my three American bosses and either avoided talking to them or left their employ. Luckily I normally looked for bosses who had confidence in themselves and me. Not sure how to advise. bosses who motivate by bonus payments are the worst.
|
|
starfished
Member of DD Central
Posts: 296
Likes: 216
|
Post by starfished on May 23, 2020 19:58:01 GMT
Bonuses absolutely incentivises some people but annoys others in the process. Not sure we will find a better system though because the people at the top are more likely to be incentivised by competition so believe it works.
From a personal experience when working in certain companies, I absolutely have received bigger bonuses not due to my hard work or contribution to the firm just by being lucky enough to be in the right place at the right time (it has also gone the other direction as well).
|
|
|
Post by Deleted on May 24, 2020 7:44:48 GMT
|
|
keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 3,865
Likes: 2,305
|
Post by keitha on May 24, 2020 9:27:33 GMT
I agree I like to have money ( i didn't when I was young and my parents didn't) so it does feel rather good to have enough and maybe plus a bit. But we did work really hard to get there, when other people were going on expensive holidays we were staying home and trying to pay off the mortgage etc. Did we do it right, I'm still not sure the people who spent their money still get looked after, although I guess most of them don't have excess funds. yes, when mum was ill and in a nursing home we knew the lady in he next room, mum had to self fund as my parents had some savings from 40 years of hard graft in the NHS, and thus a pension, so over time this used all her pension and ate into their savings, the lady in the next room, had done odd jobs as a cleaner etc ( all Cash in hand ) and had no savings, her entire costs paid by the state. I have a friend who sold his house just before retirement, and gave the majority of it away to his kids, he now lives in a council flat, but because he has nothing other than state pension he gets lots of benefits, he actually has more money to spend each month than others I know with small pensions who get no benefits and have to pay full rent and council tax. It just feels that those at the bottom end who have tried are worse off than those who frittered every penny.
|
|
starfished
Member of DD Central
Posts: 296
Likes: 216
|
Post by starfished on May 24, 2020 9:59:29 GMT
yes, when mum was ill and in a nursing home we knew the lady in he next room, mum had to self fund as my parents had some savings from 40 years of hard graft in the NHS, and thus a pension, so over time this used all her pension and ate into their savings, the lady in the next room, had done odd jobs as a cleaner etc ( all Cash in hand ) and had no savings, her entire costs paid by the state. I have a friend who sold his house just before retirement, and gave the majority of it away to his kids, he now lives in a council flat, but because he has nothing other than state pension he gets lots of benefits, he actually has more money to spend each month than others I know with small pensions who get no benefits and have to pay full rent and council tax. It just feels that those at the bottom end who have tried are worse off than those who frittered every penny. Condolences about your mother but I do find it telling that you see your mum as a "hard grafter" but the cleaner next door with the many odd jobs as otherwise... I also suspect your friends with lower pensions/no benefits live in a nicer place than the guy in the council flat? Essentially money gives you options (e.g. to not be in a state run nursing home if you find it unpalatable etc). The council flat guy has chosen the path of fewer options later for higher income now. He may or may not regret that decision. We are all free to make those same choices and live with the consequences, inherietance tax, deprivation of asset rules etc. Any system will have some people that abuse/bend the rules. However, it makes sense that those that can afford to contribute to their care do so rather than prioritising giving an inheritance to their children. However, I do agree the current care system needs to be reformed.
|
|
Mike
Member of DD Central
Posts: 647
Likes: 443
|
Post by Mike on May 24, 2020 11:18:19 GMT
it makes sense that those that can afford to contribute to their care do so rather than prioritising giving an inheritance to their children. My family is in the same boat (several of them), and I'd be one of the heirs to inheritance - I agree: isn't saving in better times for exactly this purpose? To pay for living costs later in life or in worse times? Rather than giving another boost to descendants who in likelihood are already adults and most probably already have had large benefits from their ancestors wealth throughout their life to date...
|
|
elliotn
Member of DD Central
Posts: 3,063
Likes: 2,681
|
Post by elliotn on May 25, 2020 12:30:00 GMT
I know it sounds greedy, and inconsequential given COVID all around us. But I love money. Making it, investing it, sometimes spending it. I’m not addicted or selfish. Just love the freedom having money gives you. Am I a bad person? Wishing you all good health youtu.be/3r5byXcQMGgMy 6 year old daughter asked why he loves “Monday” lol Greedy and Selfish? That’s subjective and on this board probably not too contentious. It does indubitably make you extraordinarily fortunate. 6/7 people on this planet were not lucky enough to have won the lottery of being born in the rich world. For the vast majority of heaving humanity not as lucky as you, lockdowns will have utterly wiped out the livelihoods of their informal, hand to mouth existence. I hope your daughter’s Junior ISA makes her rich beyond her wildest dreams.
|
|
hazellend
Member of DD Central
Posts: 2,361
Likes: 2,179
|
Post by hazellend on May 25, 2020 13:25:59 GMT
I know it sounds greedy, and inconsequential given COVID all around us. But I love money. Making it, investing it, sometimes spending it. I’m not addicted or selfish. Just love the freedom having money gives you. Am I a bad person? Wishing you all good health youtu.be/3r5byXcQMGgMy 6 year old daughter asked why he loves “Monday” lol Greedy and Selfish? That’s subjective and on this board probably not too contentious. It does indubitably make you extraordinarily fortunate. 6/7 people on this planet were not lucky enough to have won the lottery of being born in the rich world. For the vast majority of heaving humanity not as lucky as you, lockdowns will have utterly wiped out the livelihoods of their informal, hand to mouth existence. I hope your daughter’s Junior ISA makes her rich beyond her wildest dreams. Wow, bit harsh. Feeling guilty about my daughter not having a JISA now. Thanks for the reminder!
|
|
angrysaveruk
Member of DD Central
binomial
Posts: 995
Likes: 638
|
Post by angrysaveruk on Jun 8, 2020 9:02:53 GMT
There is nothing wrong with loving money especially if you make it doing something good, it is without doubt one of the most important uses of numbers.
|
|
jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,742
Likes: 3,137
|
Post by jonno on Jun 8, 2020 9:23:37 GMT
There is nothing wrong with loving money especially if you make it doing something good, it is without doubt one of the most important uses of numbers. Yeah, but don't forget, never let more than six used notes in your house at the same time, always keep them 2 metres apart, and always remember to wear the highest grade mask available, especially if you're down-wind from a used fiver
|
|