Hello Folks,

Here is a nice tidbit for you. According to research from the University of California, rich people are more impolite than poor people. Regardless of whether or not you agree with their conclusions, its certainly a bit of interesting and novel research.

From livescience.com:

A flashy handbag or Armani suit can signal a person’s wealth, but so can their body language, according to a new study. People of higher socioeconomic status are more rude when conversing with others.

Psychologists Michael Kraus and Dacher Keltner of the University of California, Berkeley, videotaped pairs of undergraduate students who were strangers to one another, during one-on-one interviews. In total, 100 undergraduate students participated.

The researchers then looked for certain gestures that indicate level of interest in the other person during one-minute slices of each conversation.

They found that students whose parents were from higher socioeconomic status (SES) backgrounds engaged in more of what he called “impolite” behaviors, such as grooming, doodling and fidgeting. Lower SES students showed more “I’m interested” gestures, including laughter and raising of the eyebrows.

Click here for the story.

Best,

James

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1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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