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Thread: Money - or 'Te' - Does Anyone Else Identify?

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    jason_m's Avatar
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    Default Money - or 'Te' - Does Anyone Else Identify?

    Does anyone else here identify with me about this:

    I gamble; I bet on sports games; I like to win money at poker; I would love to be a millionaire or win the lottery; I therefore really enjoy money - BUT - the 'business logic' - i.e., banking, accounting, finance, entrepreneurship side of things is really quite dry, and I don't really enjoy it or identify with it..

    Anyone else identify?

    ???
    Last edited by jason_m; 06-10-2019 at 06:15 PM.

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    fka lungs ashlesha's Avatar
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    I think liking money and disliking paperwork is the norm?

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    It is dry though. Being an entrepreneur can be fun though, depending on what you're doing. But I love to predict what's going to make money in the stock market. I recently bought a lot of Tesla stock after it dropped ~33%. I think their demand will come and they'll figure out how to cut overhead costs and it'll all be okay. Guess I'll see in a year or two.
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    I like the idea of having money, just so that I can spend more. I like the idea of the exchange of money for goods and services. The power of deciding which charities/parties get the biggest donations. The security of not having to worry about those pesky outliers like potential family illness and other kinds of disasters.

    More than hard work I appreciate gains with the least amount of effort.

    They're nice fantasies. But I don't act on those desires.

    Planning ahead (with stock markets etc) so I never need to worry about the future is a contradiction.
    Working harder now so I don't need to work in the future is equally insane.
    I don't gamble because I know no long term good can come of it.

    At the end of the day, the best time to start enjoying the present is now.


    Part of me worries that if through some miracle I won a fortune, I'd be less happy because I'd feel obliged to dedicate the rest of my life to manaing it. And that's no way to live. 😟

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    I like the idea of having more money in order to create stuff with it (=more work).. and many people might see it as very counter-intuitive but that is the way I roll.

    As for gambling no way. Probability... However you can cash in by creating betting bots (like in sports) that work in confines of probabilities... and save yourself from hard work.
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    I dislike gambling and the "business side" but I wouldn't mind winning the lottery.

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    I know Te types are really good at finding what WORKS in the real world; this applies to making money.

    I think a survey said ENTJs are often the richest

    INFPs are the poorest (sorry guys lol)

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    I’ve never gambled or have felt like it. But I like money because it makes me feel more secure and I can buy stuff I like with it lol

    As far as the business side, I feel like accounting as a career would be a slow death for me. It’s one of the ones I find least appealing.
    Last edited by aster; 06-10-2019 at 08:05 PM.
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    fka lungs ashlesha's Avatar
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    Im not willing to take strong risks like gambling for money. Entrepreneurship is better, but eh, I'd want a pretty sure bet and a backup plan.

    I work in a bank desk job lol, and accounting kind of stuff is in my skillset, which makes me feel good wrt competence and productivity if not, you know, thrills. But I'm talking about organization and efficiency... not math. Math is a weak point...

    Of course I like money, but I have a more slow and steady if not very exciting thing going on.

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    money - Se
    Types examples: video bloggers, actors

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    Quote Originally Posted by ashlesha View Post

    I work in a bank desk job lol, and accounting kind of stuff is in my skillset, which makes me feel good wrt competence and productivity if not, you know, thrills. But I'm talking about organization and efficiency... not math. Math is a weak point...

    Of course I like money, but I have a more slow and steady if not very exciting thing going on.
    I am the opposite: give me analytics, economics, or actuarial science and I can work wonders; now give me clerical/office-esque types of work, and I stink it up like crazy...

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    Quote Originally Posted by jason_m View Post
    Does anyone else here identify with me about this:

    I gamble; I bet on sports games; I like to win money at poker; I would love to be a millionaire or win the lottery; I therefore really enjoy money - BUT - the 'business logic' - i.e., banking, accounting, finance, entrepreneurship side of things is really quite dry, and I don't really enjoy it or identify with it..

    Anyone else identify?

    ???
    No, I don't really identify with those things at all.

    I don't gamble, I don't bet on sports games, I don't like to play poker, and I never wanted to be a millionaire.

    I did want to win the lottery, but that is kind of a fairy tale.

    I enjoy money to the extent that it makes my life easier in some ways. For example, I can usually pay my bills without sweating and I can hire people to do work that I don't want to do. I can also buy toys if I want, but I almost never want.

    I don't really like accounting beyond seeing the bottom line, which tells me how I'm doing and if I have any extra cash that month. If I do have extra, I usually just reinvest it because I don't buy very much stuff. I live in a small house in a quiet neighborhood and drive a three-year old Honda. It was the first car I bought that was less than ten years old. I don't have a TV and don't listen to the radio. I get movies from the library and I don't buy much food, because I eat almost every meal in restaurants because I travel a lot and I suck at cooking.

    The entrepreneurial side of things is interesting, not for the purpose of making money, but rather for the purpose of doing something new and interesting.

    When I had no money and no easy way to get more of it, I would do a lot of things myself, like rewire my house or repair the engine in my car. However, I'm now in a position where I'm making more than electricians and mechanics and it has made me very aware of the time value of money. Now I almost always prefer to pay a professional to do stuff that I could do if I had to, but that I might not want to.

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    Quote Originally Posted by Troll Nr 007 View Post
    As for gambling no way. Probability... However you can cash in by creating betting bots (like in sports) that work in confines of probabilities... and save yourself from hard work.
    Quote Originally Posted by ouronis
    I dislike gambling and the "business side" but I wouldn't mind winning the lottery.
    I actually have my own formula: I like the Detroit Tigers, but they never win. Therefore, step 1. is to bet against the Tigers. Step 2.: I subscribe to Sportsline for $10 a month. They have a good data scientist there. I just use what I think is his best pick for option 2. I then go to my local casino and place 2 bets for $2. (The minimum amount and number you can bet).

    - Now, because the Tigers often lose, I get compensated for betting against them.

    - Also, I used to spend hundreds of dollars on popular science books - at a much faster rate than I would read. I now just buy what I can read. (E.g., one book per week.) And I actually save money, because I only bet about $14 per week - some of which I win back.

    - So: about -$30 per week on sports betting and books (-$10 on betting and -$20 on books) vs. -$100 on books, and it actually gives me some incentive to watch the Tigers games (now rooting against them, but still happy when they win...)
    Last edited by jason_m; 06-10-2019 at 09:28 PM.

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    Quote Originally Posted by jason_m View Post
    I actually have my own formula: I like the Detroit Tigers, but they never win. Therefore, step 1. is to bet against the Tigers. Step 2.: I subscribe to Sportsline for $10 a month. They have a good data scientist there. I just use what I think is his best pick for option 2. I then go to my local casino and place 2 bets for $2. (The minimum number amount and number you can bet).

    - Now, because the Tigers often lose, I get compensated for betting against them.

    - Also, I used to spend hundreds of dollars on popular science books - at a much faster rate than I would read. I now just buy what I can read. (E.g., one book per week.) And I actually save money, because I only bet about $14 per week - some of which I win back.

    - So: about -$30 per week on sports betting and books vs. -$100 on books, I acutally save money! And it actually gives me some incentive to watch the Tigers games (now rooting against them, but still happy when they win...)
    Gambling is one more addiction that causes people to waste their lives seeking the next dopamine hit. I avoid gambling like I avoid heroin (aka zero tolerance).

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    Quote Originally Posted by Adam Strange View Post
    No, I don't really identify with those things at all.

    I don't gamble, I don't bet on sports games, I don't like to play poker, and I never wanted to be a millionaire.

    I did want to win the lottery, but that is kind of a fairy tale.

    I enjoy money to the extent that it makes my life easier in some ways. For example, I can usually pay my bills without sweating and I can hire people to do work that I don't want to do. I can also buy toys if I want, but I almost never want.

    I don't really like accounting beyond seeing the bottom line, which tells me how I'm doing and if I have any extra cash that month. If I do have extra, I usually just reinvest it because I don't buy very much stuff. I live in a small house in a quiet neighborhood and drive a three-year old Honda. It was the first car I bought that was less than ten years old. I don't have a TV and don't listen to the radio. I get movies from the library and I don't buy much food, because I eat almost every meal in restaurants because I travel a lot and I suck at cooking.

    The entrepreneurial side of things is interesting, not for the purpose of making money, but rather for the purpose of doing something new and interesting.

    When I had no money and no easy way to get more of it, I would do a lot of things myself, like rewire my house or repair the engine in my car. However, I'm now in a position where I'm making more than electricians and mechanics and it has made me very aware of the time value of money. Now I almost always prefer to pay a professional to do stuff that I could do if I had to, but that I might not want to.
    Let me make it clear: for me, having money is not simply about getting all kinds of 'stuff.' (However, I can understand why some people would want that.) For me, it would be about having that kind of 'luck', 'success' or 'fortune' that being a millionaire or even successful investor would have. I need a modicum of comfort, but it can be overdone. However, to be that fortunate or that successful is something to be really proud of. It doesn't require a mansion or butler to be satisfied with it...

    Also, business logic can be interesting when: it involves some quantitative element. I love economics. I find business analytics really useful and interesting. Quantitative finance intrigues me. Even investing in the stock market is interesting. I guess it's just the element of bookkeeping/clerical work that I've been exposed to recently that has gotten me down...

    EDIT: I just realized: it's not the comfort or practical centres of my brain that are activated by getting money but the reward centres. Right? Like when you ace a test in school, you feel some 'bliss' because of a dopamine release... Winning/making money is the same exact thing... And I'm sorry to tell you, accounting work doesn't give me some big dopamine hit, all right?
    Last edited by jason_m; 06-11-2019 at 10:35 PM.

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    I get really depressed if I’m broke. Money actually improves my mood substantially, as sad as it may seem. I’d like to be a millionaire. Winning the lottery would be nice but not the way that I’d prefer to become wealthy. I’m sure after a while it might loose some of it’s charm and cause it’s own set of problems though.

    According to some sites that I ran my dna through, some people carry genes that make them more prone to things like gambling. My risk was very low.
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    Quote Originally Posted by aster View Post
    I get really depressed if I’m broke. Money actually improves my mood substantially, as sad as it may seem. I’d like to be a millionaire. Winning the lottery would be nice but not the way that I’d prefer to become wealthy. I’m sure after a while it might loose some of it’s charm and cause it’s own set of problems though.

    According to some sites that I ran my dna through, some people carry genes that make them more prone to things like gambling. My risk was very low.
    Probably Se genes

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    Quote Originally Posted by Sol View Post
    money - Se
    Since you dont value money can you give me yours

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    Quote Originally Posted by jason_m View Post
    Does anyone else here identify with me about this:

    I gamble; I bet on sports games; I like to win money at poker; I would love to be a millionaire or win the lottery; I therefore really enjoy money - BUT - the 'business logic' - i.e., banking, accounting, finance, entrepreneurship side of things is really quite dry, and I don't really enjoy it or identify with it..

    Anyone else identify?

    ???
    Gambling is stupid unless you have odds greater than 50%

    Business wise, I really don't care. I'm busy doing other things. What I do care about though, is management. Too many people make up BS rules to increase productivity. Too many people cheat. And they all get canned in a fair world. Sadly, the world is skewed to their side slightly, as if everyone cheats, nobody has a reason not to. Good thing I don't cheat.

    Still, I think of it this way. If you did a study on it, you should care, if you do a study on it, don't care, or don't care to do a study on it, you're different from me. I don't know what the difference is, it could be the word study is grating to you, but how I found myself mostly is that after consuming the amount of information I have, you'd be best to just work as a manager for 12 on a salary of 100k with a total living cost of 200k in a 12 year period amounting to 16k a year. You can get the cost of living down further by leaving the country, but I doubt you want to.

    Taking longer to make 1 million will get you better cost of living and investing well will either lengthen or shorten time to millions.

    The reason why I will likely not do this is twofold. 1. Why? 2. I don't need a million dollars right now.

    I am planning going to work on getting a six figure salary, and then supplanting that hobbies in my free time though. If I do well at data science, which I should, it should be easier for me to get that number than a lot of other people. Sadly, I'm almost locked out of other more profitable but riskier jobs as long as I have a data science job, but I'll deal with that latter.

    So yeah, either your environment is pretty crap, or you're not LIE. That's my honest opinion. What can I say?
    Figured it out. LIE. I'm extraverted, which is incredibly counter intuitive for a person who doesn't tend to go out much. Don't know how often I'll be on, but don't expect me to respond often. Only option I'm willing to debate is Si vs Ni right now. Mission accomplished.

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    My dad's parents used to own 100 acres of land in Boulder Colorado and a small restaurant. They blew it all on gambling and were reduced to living in a trailer by the time I came to the scene. So yeah don't gamble unless the odds are stacked in your favor which is never the case in any gambling establishment.

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