Money subconsciously affects our life and the way we treat other people. Our judgment about how much money a man owns through our observation of his house, his car or even his phone does not necessarily match the reality. As a wealthy man with net worth of $4.2 billion would use a flip phone, another driving Bentley may not own as much money as he seems to. Our self-righteous judgment may even influence our social reaction with such person.

See Carl Richards, “Viewing Others Through a Prism of Money,” NYtimes.com (November 17, 2014).

Posted by Jiaqi Wang, Associate Editor, Wealth Strategies Journal.