Why do men lie about money?
It is simple:
a) they will not admit to the world – even to the wife and kids that they are not earning enough.
b) it is a community thing – some communities like to show off, some do not have the need to show off.
c) men live up to the standards set by their siblings, parents, friends….etc.
d) many businessmen do not KNOW how much money they are making. They get confused between EARNINGS and CASH-FLOW.
e) Men will NEVER admit to be earning less than THEIR PARENTS – even to the parents!!
f) Men like to keep their wives and children in the dark about the real financial situation – till it explodes.
g) Men sit with their CAs and arrive at a number which they ‘show’ to the IT authorities. He believes that figure himself! On a serious note, NOT knowing the difference between personal cash flow, business cash flow and personal cash flow.
h) Car, travel, entertainment, etc. are paid for by the credit card – and the cash flow is NOT visible…
Men feel very low if they are earning less than their fathers – so the inherited house, the vacations paid for by parents, etc. are all kept as a secret.
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