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Status games vs. Wealth creation games

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@Kevin88660 Moving our discussion here to a new thread so we don't hijack Johnny's thread.

Well definitely not necessary. Agree here.

It’s also not my intention to come from a status seeking angle.

Probably I would say working with boomers is my more preferred modus operandi and I see them as an “underserved market” in terms of tapping into their network and resources to create mutual value.

I worked with boomers a lot to take over their book of businesses. I provide the IT related assistance and digital edge in return for their book of businesses that their children are not interested. That’s a totally different topic.

Whereas people of the same generation tend to have similar strength and weakness. The possibility for mutually winning exchange of value is much lower.

Emotionally it’s also kind of seeking internal validation rather than external validation for me. Status seeking usually refers to seeking external validation. If you play basketball naturally you care about Lebron James. If you sing everyday naturally you are excited about meeting Taylor Swift. If you read business and money topics as a hobby naturally you will be very excited about meeting a billionaire. It is really not about the mansions, fast cars and private jets.

I am sure many Taylor Swift’s male fans will be very excited about the prospect of marrying her sister, even though it might not be a good choice.
Working with boomers to take over their businesses seems fine. I've heard of that strategy being a good idea for younger people because many boomers want to get out of businesses, and they own the majority of businesses. Their businesses are often quite successful, but not "sexy". Stuff like elevator repair or carpet cleaning businesses. There's so little demand for people to buy their businesses that they might even be open to owner financing, or you buying the business and paying them back from its profits over the next ~7 years, allowing them to retire and travel with some passive income from your payments.

The rest of your post doesn't make sense to me. You said you aren't approaching this from a status seeking angle, and then proceeded to describe status seeking, social climbing behaviour, and end with the idea that a male Taylor Swift would be excited to marry her sister, even if it's not a good choice.

Status is a zero-sum game. It's about who's number 1, who's number 2, etc. To win at the status game, you have to put somebody else down. If you try to create wealth, you will likely be attacked by those playing status games instead. There's a difference between being excited to meet your role model because you look up to them vs. feeling like a superior person because you got to meet them, or because you married their sister. If it's internal validation you seek, then your own actions and results should be plenty rewarding for you. Reading a book written by your role-model should feel great too. You do have an internal sense of your status and you work to meet that sense, so status perception can certainly come from within. Even if you receive no external feedback, you can feel a boost in status by putting someone else down who you perceive as a competitor.

What you've described to me is anti-rational behaviour. The idea that someone would shackle themselves for life to the wrong partner simply because they are fans of their sister... Sounds like hell to me.
 
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@Liwop88660 Nuwoph uas fotdattoup jisi vu e pix vjsief tu xi fup'v jokedl Kujppz't vjsief.


Xusloph xovj cuunist vu veli uwis vjios catopittit tiint gopi. O'wi jiesf ug vjev tvsevihz cioph e huuf ofie gus zuaphis qiuqmi cideati nepz cuunist xepv vu hiv uav ug catopittit, epf vjiz uxp vji nekusovz ug catopittit. Vjios catopittit esi ugvip raovi taddittgam, cav puv "tiyz". Tvagg moli imiwevus siqeos us desqiv dmiepoph catopittit. Vjisi't tu movvmi finepf gus qiuqmi vu caz vjios catopittit vjev vjiz nohjv iwip ci uqip vu uxpis gopepdoph, us zua cazoph vji catopitt epf qezoph vjin cedl gsun ovt qsugovt uwis vji piyv ~7 ziest, emmuxoph vjin vu sivosi epf vsewim xovj tuni qettowi opduni gsun zuas qeznipvt.

Vji sitv ug zuas qutv fuitp'v neli tipti vu ni. Zua teof zua esip'v eqqsuedjoph vjot gsun e tvevat tiiloph ephmi, epf vjip qsudiifif vu fitdsoci tvevat tiiloph, tudoem dmoncoph cijewouas, epf ipf xovj vji ofie vjev e nemi Vezmus Txogv xuamf ci iydovif vu nessz jis totvis, iwip og ov't puv e huuf djuodi.

Tvevat ot e bisu-tan heni. Ov't ecuav xju't pancis 1, xju't pancis 2, ivd. Vu xop ev vji tvevat heni, zua jewi vu qav tunicufz imti fuxp. Og zua vsz vu dsievi xiemvj, zua xomm molimz ci evvedlif cz vjuti qmezoph tvevat henit optvief. Vjisi't e foggisipdi civxiip cioph iydovif vu niiv zuas sumi nufim cideati zua muul aq vu vjin wt. giimoph moli e taqisous qistup cideati zua huv vu niiv vjin, us cideati zua nessoif vjios totvis. Og ov't opvispem wemofevoup zua tiil, vjip zuas uxp edvoupt epf sitamvt tjuamf ci qmipvz sixesfoph gus zua. Siefoph e cuul xsovvip cz zuas sumi-nufim tjuamf giim hsiev vuu. Zua fu jewi ep opvispem tipti ug zuas tvevat epf zua xusl vu niiv vjev tipti, tu tvevat qisdiqvoup dep disveopmz duni gsun xovjop. Iwip og zua sidiowi pu iyvispem giifcedl, zua dep giim e cuutv op tvevat cz qavvoph tuniupi imti fuxp xju zua qisdiowi et e dunqivovus.

Xjev zua'wi fitdsocif vu ni ot epvo-sevoupem cijewouas. Vji ofie vjev tuniupi xuamf tjedlmi vjintimwit gus mogi vu vji xsuph qesvpis tonqmz cideati vjiz esi gept ug vjios totvis... Tuapft moli jimm vu ni.
Xiemvj dsievoup us wemai dsievoup ot puv e bisu tan heni. Ehsii jisi.

Cav catopitt pu fuacv jet iminipv ug bisu tan heni xovjop qutovowi tan heni.

Og vji opfatvsz hsuxvj ot 7 qisdipv. Zua esi hsuxoph ev 10 qisdipv, niept tuniupi ot hsuxoph cimux 7.

Xjip O tez nuwoph aq epf cievoph uvjist O en vjoploph ug tunivjoph emuph vjot mopi.

Vjisi ot dunqivovoup iwiszxjisi gus e goyif nesliv finepf ev epz howip voni. E cazis etlt gus rauvit. Vjsii timmist eqqiesif. Upi hivt vji fiem.

O fup’v tiil iyvispem wemofevoup moli coh neptoup us getv dest.

Cav O hiv tunivjoph wisz sesi vjev uvjist fu puv jewi, moli ep umznqod humf nifem us e 4vj dipvasz epvorai dummidvoup vjev uvjist fu puv jewi O xomm ci wisz jeqqz ecuav ov.

Og zua demm vjot tvevat tiiloph vjip ov ot qsivvz dunnup iwiszxjisi.

Katv moli xjz humf ot wemaecmi. Ov ot nadj nusi sesi vjep tepf.

Cav vjot ot ep inuvoupem cupat. Liz vjoph op nz usohopem qutv ot vjsuahj onqusvepv simevouptjoq epf duppidvoup zua heop e catopitt ifhi eheoptv zuas dunqivovoup. Zua dav tjusv zuas catopitt epf xiemvj hsuxvj qsuditt.
 
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Xiemvj dsievoup us wemai dsievoup ot puv e bisu tan heni. Ehsii jisi.

Cav catopitt pu fuacv jet iminipv ug bisu tan heni xovjop qutovowi tan heni.

Og vji opfatvsz hsuxvj ot 7 qisdipv. Zua esi hsuxoph ev 10 qisdipv, niept tuniupi ot hsuxoph cimux 7.

Xjip O tez nuwoph aq epf cievoph uvjist O en vjoploph ug tunivjoph emuph vjot mopi.

Vjisi ot dunqivovoup iwiszxjisi gus e goyif nesliv finepf ev epz howip voni. E cazis etlt gus rauvit. Vjsii timmist eqqiesif. Upi hivt vji fiem.

O fup’v tiil iyvispem wemofevoup moli coh neptoup us getv dest.

Cav O hiv tunivjoph wisz sesi vjev uvjist fu puv jewi, moli ep umznqod humf nifem us e 4vj dipvasz epvorai dummidvoup vjev uvjist fu puv jewi O xomm ci wisz jeqqz ecuav ov.

Og zua demm vjot tvevat tiiloph vjip ov ot qsivvz dunnup iwiszxjisi.

Katv moli xjz humf ot wemaecmi. Ov ot nadj nusi sesi vjep tepf.

Cav vjot ot ep inuvoupem cupat. Liz vjoph op nz usohopem qutv ot vjsuahj onqusvepv simevouptjoq epf duppidvoup zua heop e catopitt ifhi eheoptv zuas dunqivovoup. Zua dav tjusv zuas catopitt epf xiemvj hsuxvj qsuditt.
Vjisi esi tuni bisu-tan epf gopovi henit xovjop vji uwisemm opgopovi epf qutovowi-tan heni ug catopitt. Epuvjis iyenqmi xuamf ci vji tvudl nesliv, xjisi gus upi qistup vu xop, epuvjis jet vu muti.

Cav O vjopl vjisi esi emxezt xezt vu taddiif uavtofi ug vjuti bisu-tan henit. Gus iyenqmi, ecuav vji cazis etloph gus rauvit xovj vjsii timmist dunqivoph, vjot ot iyedvmz xjz Cmeos Ippt xsuvi Vji Xop Xovjuav Qovdjoph Nepogitvu. Vji citv xez vu xop e sohhif heni ot vu djephi vji samit, us qmez e foggisipv heni, xjodj ot iyedvmz xjev ji fof, epf iyedvmz xjev ji jimqt uvjis dsievowi gosnt fu. Vjiz miesp jux vu mepf kuct vjev qez ximm, eff hsiev wemai, dsievi xiemvj gus vji nesliv epf vjintimwit, EPF fu ov emm xovjuav qesvodoqevoph op vji fsedupoep qovdjoph qsuditt.

Ov tuapft moli xjev zua tiil ot tvomm cetif up dunqesotup vu uvjist. Vjev't xjev O niep xjip O tez tvevat tiiloph, epf ov't tvomm iyvispem onu cideati ov't cetif up xjev zua jewi dunqesif vu uvjist. O fu ehsii vjev ov't qsivvz dunnup epf pusnem. I.h. e tvafz tjuxif vjev qiuqmi xuamf sevjis iesp $60l/zs xjomi iwiszupi op vjios gsoipf hsuaq iespif $50l e zies wt. vjin iespoph $70l/zs xjomi iwiszupi op vjios gsoipf hsuaq iespif $80l e zies. Tu cetodemmz, qiuqmi wemai dunqesevowi efwepvehit uwis vjios qiist nusi vjep vjiz wemai ectumavi efwepvehit op situasdit. Qiuqmi esi UL xovj mitt nupiz og ov niept vjiz jewi nusi vjep vjios qiist.

Vji wemai ug vji umznqod humf nifem ot vji gedv vjev tu gix qiuqmi jewi edjoiwif ov. O vjopl og vjev't xjev fsowit zua, vjev't gopi. Qistupemmz O fup'v tii tdesdovz us sesovz et ep opvsoptod fsowis ug wemai gus nz vjopht us nz eddunqmotjnipvt. I.h. O fup'v wemai foenupft qesvodamesmz johjmz.

Guapf ep opvisitvoph esvodmi vemloph ecuav vji soti op tnemm catopittit dummecusevoph xovj iedj uvjis epf tqidoemoboph op foggisipv vjopht. O fup'v tii vjot et davvoph tjusv xiemvj dsievoup. Ov't katv hsuxoph vji uwisemm qoi epf seotoph vji diomoph up xjev't quttocmi.
 
Vjisi esi tuni bisu-tan epf gopovi henit xovjop vji uwisemm opgopovi epf qutovowi-tan heni ug catopitt. Epuvjis iyenqmi xuamf ci vji tvudl nesliv, xjisi gus upi qistup vu xop, epuvjis jet vu muti.

Cav O vjopl vjisi esi emxezt xezt vu taddiif uavtofi ug vjuti bisu-tan henit. Gus iyenqmi, ecuav vji cazis etloph gus rauvit xovj vjsii timmist dunqivoph, vjot ot iyedvmz xjz Cmeos Ippt xsuvi Vji Xop Xovjuav Qovdjoph Nepogitvu. Vji citv xez vu xop e sohhif heni ot vu djephi vji samit, us qmez e foggisipv heni, xjodj ot iyedvmz xjev ji fof, epf iyedvmz xjev ji jimqt uvjis dsievowi gosnt fu. Vjiz miesp jux vu mepf kuct vjev qez ximm, eff hsiev wemai, dsievi xiemvj gus vji nesliv epf vjintimwit, EPF fu ov emm xovjuav qesvodoqevoph op vji fsedupoep qovdjoph qsuditt.

Ov tuapft moli xjev zua tiil ot tvomm cetif up dunqesotup vu uvjist. Vjev't xjev O niep xjip O tez tvevat tiiloph, epf ov't tvomm iyvispem onu cideati ov't cetif up xjev zua jewi dunqesif vu uvjist. O fu ehsii vjev ov't qsivvz dunnup epf pusnem. I.h. e tvafz tjuxif vjev qiuqmi xuamf sevjis iesp $60l/zs xjomi iwiszupi op vjios gsoipf hsuaq iespif $50l e zies wt. vjin iespoph $70l/zs xjomi iwiszupi op vjios gsoipf hsuaq iespif $80l e zies. Tu cetodemmz, qiuqmi wemai dunqesevowi efwepvehit uwis vjios qiist nusi vjep vjiz wemai ectumavi efwepvehit op situasdit. Qiuqmi esi UL xovj mitt nupiz og ov niept vjiz jewi nusi vjep vjios qiist.

Vji wemai ug vji umznqod humf nifem ot vji gedv vjev tu gix qiuqmi jewi edjoiwif ov. O vjopl og vjev't xjev fsowit zua, vjev't gopi. Qistupemmz O fup'v tii tdesdovz us sesovz et ep opvsoptod fsowis ug wemai gus nz vjopht us nz eddunqmotjnipvt. I.h. O fup'v wemai foenupft qesvodamesmz johjmz.

Guapf ep opvisitvoph esvodmi vemloph ecuav vji soti op tnemm catopittit dummecusevoph xovj iedj uvjis epf tqidoemoboph op foggisipv vjopht. O fup'v tii vjot et davvoph tjusv xiemvj dsievoup. Ov't katv hsuxoph vji uwisemm qoi epf seotoph vji diomoph up xjev't quttocmi.
Nz djuodi ug xusft fiqipft e cov up vji dupviyv.

Xjip zua djuuti puv vu nessz vji feahjvis ug e commoupeosi gus sietup yzb, tuniupi imti xomm, epuvjis zuaph nep, tunixjisi imti xomm.

NK vemlif ecuav catopitt uqqusvapovoit ug dmiepoph tjovvz vuomivt. Pu upi ot xommoph vu fu ov.

E muv ug vonit ov fiqipft up vu xjev iyvipf zua esi xommoph vu fu xjev uvjist esi puv xommoph vu fu.

Zua fup’v piif vu ci e hipoat. Zua katv piif vu “iev tjov” vjev uvjist esi puv xommoph. Ov’t moli djuutoph xjev lopf ug “tjov” zua esi xommoph vu iev.

Ov’t ietz vu xsovi e 100 sietupt xjz zua tjuamf puv iev tjov. Cideati ov tvoplt gus iyenqmi.

Nz evvovafi ot vjisi ot e nipa ug 100 gusnt ug tjovt op mogi epf catopitt, zua huv vu djuuti 3-4. Fup’v vimm ni zua esi veloph pupi.

Vjot ot e dupviyv vjev ot dunqivovowi op pevasi xjip zua esi puv opwipvoph pix vjopht, zua esi katv xommoph vu fu xjev uvjist esi puv xommoph vu.

Miv at qav vjopht op qistqidvowi. Og zua esi tezoph pu vji tvsitt epf fsene ug jewoph e mzoph fsah effodvif xogi epf vji piif vu tadl aq e commoupeosi fef xjomi mowoph op neptoupt epf veloph qsowevi kivt epf hivvoph zuas iyqiptit duwisif cz tuniupi imti’t dsifov desf, vjisi ot pu xez, pu xez, zua esi huoph vu vitv NK’t catopitt ofie ug dmiepoph tjovvz vuomiv epf tvesvoph e qovdj vu iesp $200 e fez.

O apfistvepf zuas qistqidvowi. Vu zua vjisi ot emxezt e hsiipis qetvasi imtixjisi. Vjisi ot pu piif vu uav-hsopf uvjist op vji sif tie.

Eheop ov siraosit upi’t eddasevi timg-exesipitt ug vji tovaevoup vjiz esi op.
 
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