A frugal social worker left $11M to children's charities in his will
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Re: A frugal social worker left $11M to children's charities in his will
#2title seems somewhat editorialized to make one wonder how a social worker had $11M to give.
> He said Naiman received a sizable inheritance when his father died, which added to his fortune
how much of it can be attributed to frugalness remains questionable.
a great deed, nevertheless.
Re: A frugal social worker left $11M to children's charities in his will
#3Very admirable, though the headline hints he amassed this fortune solely through saving a modest paycheck when he was a banker earlier in his career and received a "sizeable inheritance".
Re: A frugal social worker left $11M to children's charities in his will
#4title seems somewhat editorialized to make one wonder how a social worker had $11M to give. > He said Naiman received a sizable inheritance when his father died, which added to his fortune how much of it can be attributed to frugalness remains questionable. a great deed, nevertheless.
> how much of it can be attributed to frugalness remains questionable.
All of it. Most people that luck into wealth spend it all if they are not schooled in the arts of finance. A couple of shopping sprees, a bad investment here and there, a bad fund manager and it's all gone.
Re: A frugal social worker left $11M to children's charities in his will
#5title seems somewhat editorialized to make one wonder how a social worker had $11M to give. > He said Naiman received a sizable inheritance when his father died, which added to his fortune how much of it can be attributed to frugalness remains questionable. a great deed, nevertheless.
> how much of it can be attributed to frugalness remains questionable. All of it. Most people that luck into wealth spend it all if they are not schooled in the arts of finance. A couple of shopping sprees, a bad investment here and there, a bad fund manager and it's all gone.
I mean, the guy had a career in banking, he's not someone off the street who won the lottery. He could also have inherited $30M, then lost most of it. The title makes it seem like he was clipping coupons and eating ramen.
"Banker-turned-social-worker leaves $11M to children's charities" would be a more honest headline.
Re: A frugal social worker left $11M to children's charities in his will
#6Earlier quoted context omitted.
> how much of it can be attributed to frugalness remains questionable. All of it. Most people that luck into wealth spend it all if they are not schooled in the arts of finance. A couple of shopping sprees, a bad investment here and there, a bad fund manager and it's all gone.
I mean, the guy had a career in banking, he's not someone off the street who won the lottery. He could also have inherited $30M, then lost most of it. The title makes it seem like he was clipping coupons and eating ramen. "Banker-turned-social-worker leaves $11M to children's charities" would be a more honest headline.
Yes, but given that the publishers live by the number of people that visit the websites clickbait should be assumed. It's rare that a title downplays the content of the article, and if this is a lie it is a pretty subtle one and one by omission. I'd give them a pass.
Re: A frugal social worker left $11M to children's charities in his will
#7title seems somewhat editorialized to make one wonder how a social worker had $11M to give. > He said Naiman received a sizable inheritance when his father died, which added to his fortune how much of it can be attributed to frugalness remains questionable. a great deed, nevertheless.
> how much of it can be attributed to frugalness remains questionable. All of it. Most people that luck into wealth spend it all if they are not schooled in the arts of finance. A couple of shopping sprees, a bad investment here and there, a bad fund manager and it's all gone.
Yet there are many frugal people in the world who have never been millionaires.
Re: A frugal social worker left $11M to children's charities in his will
#8Social workers don't earn $11M in a lifetime, and are unlikely to earn $2M total - this type of wealth cannot be amassed by frugality.
This is irresponsible journalism.
Re: A frugal social worker left $11M to children's charities in his will
#9title seems somewhat editorialized to make one wonder how a social worker had $11M to give. > He said Naiman received a sizable inheritance when his father died, which added to his fortune how much of it can be attributed to frugalness remains questionable. a great deed, nevertheless.
> how much of it can be attributed to frugalness remains questionable. All of it. Most people that luck into wealth spend it all if they are not schooled in the arts of finance. A couple of shopping sprees, a bad investment here and there, a bad fund manager and it's all gone.
{citation needed}
Rather than "most", I reckon there are very few people who spend that much wealth, and they all have articles written about them.
Re: A frugal social worker left $11M to children's charities in his will
#10Earlier quoted context omitted.
> how much of it can be attributed to frugalness remains questionable. All of it. Most people that luck into wealth spend it all if they are not schooled in the arts of finance. A couple of shopping sprees, a bad investment here and there, a bad fund manager and it's all gone.
{citation needed} Rather than "most", I reckon there are very few people who spend that much wealth, and they all have articles written about them.
around 70% of lottery winners end up filing bankruptcy. Lots of professional athletes go broke as well. The rich don't always get richer, most people will revert to mean if they essentially got lucky
https://www.cleveland.com/business/index.ssf/2016/01/why_do_...