{ "media_type": "text", "post_content": "Does anyone ever feel guilty about how much money they make? Any time Im around friends or family and money comes up, I always try and dip out of the conversation due to me making substantially more.", "post_id": "5d7c684fdb21a80021c207d5", "reply_count": 39, "vote_count": 4, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
null

Does anyone ever feel guilty about how much money they make? Any time Im around friends or family and money comes up, I always try and dip out of the conversation due to me making substantially more.

like
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

Guilt is massively unproductive, and comforting yourself by polling others about their guilt doubly so. Do something about it:

-make a long-term commitment to volunteer with folks who have less than you in a capacity where you can add value and help to reduce the wealth gap (e.g. low-income neighborhood schools)

-donate X% of your income to a cause you’ve thoroughly diligenced to make sure your $ will flow through to a meaningful outcome and impact. Apply the same rigor in this as you would for your corporate client and you’re already better than 80% of philanthropists.

-attend anti-bias trainings, get involved in community politics, put yourself, your body, your mind on the line if you feel guilty about your privilege and want to do something about it

Don’t make excuses about savings goals (I can’t give X% because...) or lack of time to volunteer, etc, if you’re also gonna talk about guilt here.

And maybe you already do a lot of this stuff, OP, but it sets a bad precedent to just call it out without any concrete action behind it for the loads of others who are in a similar situation here and not seeking doing anything but talk

helpful

I feel more confused than anything. I gross $120k and live in a big city while most of my friends in my home town make $50-80k. Yet, they have much nicer vehicles, twice as large and nicer homes, better clothes, and the real kicker, CHILDREN.
I have explored ALL possible contributing factors (like a good consultant 😑) and my only theory is everyone lives off credit, while I religiously pay off my full balance every 2 weeks.

funny

Bruh don’t get me started on how my poor friends live better lives then me. Every few months they go on a vacation while I’m here like “I hope my alt travel gets approved”. I asked one couple and they were like we both have at any given time 5-10k in credit card debit. I for one would have a ducking panic attack if I was 5-10k in CC debit. They were so carefree about it.

likefunny
Recent IconRecent

Don’t feel guilty but be generous. Use your position and resources to people help themselves and gain more opportunities.

like

I do this all the time, even when it potentially negatively impacts me.

OP, I'm sure that we have already discussed this.
We will be cutting your bonus and keeping salary flat for the next two years and reassess the social gap then.

likefunny

It’s pretty gross how much we make compared to people that directly make the world better. But, instead of feeling guilty about it, you can flip that mindset around.... Making bank can be a powerful part of your strategy for helping people, saving lives.

https://80000hours.org/articles/earning-to-give/

Along with https://www.givewell.org to really maximize your impact

like

I haven’t switched jobs because I’m pretty decent at this and it enables me to donate significantly to things I would not be any good at doing directly.

like

How much more? I feel like many ppl make above $100k now a days and I doubt you are in the $200ks as a manager but could be wrong

like

Thanks guys, even hearing there's other folks in the same boat helps..

Feel guilty about things you do, not what other people don’t.

like

yeah. came from the middle of nowhere and always feel guilty when I go back for that same reason. I've had much better opportunities and by simply not living there I have massively increased my earning potential

like

Yeah I came from a mostly farming area that isn't doing too well these days.

like

Why should you feel guilty? Human Psychology is interesting. You should read up Nietzsche on the genealogy of good and evil

like

You didn’t understand my answer.

like

I have a similar background... in my mind, reversion to the mean will remind us where we came from, to put it nicely. We’re lucky to have come so far, and it’d be precious to assume this is some permanent status. No point in feeling guilty about something that can be so fleeting. Enjoy the ride while it lasts

like

The phrase is ‘regression to the mean’, and is unrelated to the point you’re trying to make.

like

I’ll never feel guilty for having worked my ass off to achieve the success I have today....that said, I don’t flaunt my money or success to friends and family because life is more than that so it’s just never a concern for us.

like

No, I because I live in NYC. A salary of 200k feels equivalent to 50-75k in other cities when it comes to trying to buy a property.

like

No it’s not 2.75x to live in nyc. $200k in nyc is up there and pretty good

I was just looking at housing prices in the la area - for me to live in an equivalent place as I live in in Chicago I would have to buy a place at $8mm. (Obviously can’t afford this) - I don’t think I make that much when I see people who can handle that

Not that much of a difference. The reality is the world is governed by money that is far beyond the measly paychecks we make. Money where families routinely give their kids $500k for a down payment on a home. Don’t feel ashamed of what you make.

like

I didn't say I wasnt enjoying my money.. Sorry it came off that way.

I don’t think it came off that way at all. I came from a family of 7 living on $35k/year growing up. Have many uncles, cousins, etc struggling to pay the bills.

I very intentionally avoid any conversations around money. When it pops up I focus on the other person and don’t talk about myself except to say I’ve been fortunate if pressed.

You’re not the only one who feels that way.

I have $7k left in student loans (over $35k paid down in last 2 years). I panic about THAT 5.2% interest debt. But also, I ‘sit’ on my money that could be put into the market because sometimes the only thing that gets me through the work day is my “f’ this, I quit” savings cushion. 😬

Additional Posts

as a single on a salary of 150k, what tax numbers for withholding should i declare? this might eventually become "filed jointly" by the end of this year taking combined income to more than 200k

like

I worked for companies A the. I joined company B and worked for one month there and my pf account generated. Now I am joining company C and given details of company A in pf form 11. Will this cause any issue?

like

How do you overcome a failed retake? Emotionally and study wise? What changes do you make to make sure you pass on the 3rd try?

If you absolutely had to buy a professional backpack, which brand would you go through? I have chronic back problems and the shoulder straps just ain't cutting it.

like
like

Djokovic situation explained with this joke - 30 Second Humorous "Must Read"
Its Logical, Illogical, Ironical 😊

"The Covid Paradox : “Why Can't I Get Inside Unvaccinated?"
—————————————————
Helen: ‘You can’t come in here!’

Ivan: ‘Why not?’

Helen: ‘Well because you’re unvaccinated.’

Ivan: ‘But I’m not sick.’

Helen: ‘It doesn’t matter.’

Ivan: ‘Well, why does that guy get to go in?’

Helen: ‘Because he’s vaccinated.’

Ivan: ‘But he’s sick!’

Helen: ‘It’s alright. Everyone in here is vaccinat

likefunnysmart

How do you concept?

What’s your method, especially when working on multiple briefs?

like

I work from home full time and LOVE it. But I’m finding it harder to get myself to leave the house. Most weekends my husband and I have people over or we go to their home. It’s the weekdays where I plan on running errands later or going for a walk. Especially when it’s a day of no meetings where I basically wear pajamas all day and no hair or makeup that at the end of the workday I just don’t want to “get put together” enough to step outside my home. Is anyone else struggling with this? Tips?

like

I just got a HireVue interview sent to me by UnitedHealth Group Optum. I’m old and never had to do one of these before. Any insights into questions that are typically asked or what I should look out for?

It feels impersonal for the level of the role (Senior Director), but I guess I’m just a boomer 🤷‍♂️.

like

Anyone know of any headhunters that can help with consulting to banking transition?

like

Worker looks horrified as I take 5 bottles of water from sheraton lounge. Second worker whispers "don't worry, she's a resident". 😬

like

What is financial reporting like? I know hours could be bad depending on company but are there jobs out there that are 50 hours a week on the high end?

like

What shall be salary of Audit Assistant Manager in big 4 for Sydney, Australia location.

like

Anyone looking for a roommate

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

For account settings, visit Fishbowl on Desktop Browser or

General

Legal