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Author Topic: how to inform your family about your source of income  (Read 1574 times)
Fredomago
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September 16, 2024, 03:41:47 AM
 #201

~~But I haven't told my parents about my bitcoin forum income till now because they are completely ignorant about bitcoin and if I tell them they will take it very seriously that's why I haven't explained it to them till now.
~~But I have informed my family members about my bitcoin investment long ago and sometimes I get encouragement about bitcoin investment from members.
Which one is true according to your story?
In the previous post, you said you didn't tell your parents yet. But you said you have informed them long time ago now.
Anyway, there is no need to tell them if they don't ask anything about your jobs.
True or not you informed them I don't see anything alarming about that being a matured man you're responsible for yourself and how you make a living shouldn't be forced out of you to explain just to satisfy others curiosity. When family members get to have a clue about your source of income and how much money you probably be making, they tend to increase their billing on you base on what they believe you're making either monthly or weekly because it's captured that you can afford it. So keeping them oblivion saves you to a large extend.



I like that last statement, if you give them idea if how much you are earning then the obligation for paying bills will be the next thing that you'll see coming, if they have the idea then they will put more for your monthly or sometimes even the daily as you are in the house and they'll think that you need to help, sometimes it's best not to let them know and just give whatever you can afford to help, in terms of other concern it will be on you if you want to share and if how vocal you are from your family.

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September 16, 2024, 06:52:13 AM
 #202

Telling your family about your source of income depends on the kind of family you came from, there are families you will come from even if you tell your parents that your source of is illegal they will encourage you to do more as long your bring money to family they don't care.
At this stage I can't really tell my family that my source of income is online though I have been educating then about cryptocurrency, because they will think am doing internet fruading that's a fruadster because they are Christian but I have a plan of telling them but right now am still trying to convince them that apart from internet fruading there are still other legit ways of making money online which crypto is included so by the time I will finally tell them about my source of income they won't think am into the other way round that's been a fruadster.
Well, sometimes family wants to know our source of income and make sure it is a clean source of income. Many people know that there are a lot of scams on the internet these days, and our family doesn't want us to be those people. Therefore, it is very important to let them know about the basics of what we do on the internet, so that they know too. However, as you said, it all depends on how your family perceives you. However, I feel that it is important.

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September 16, 2024, 08:50:57 AM
 #203

True or not you informed them I don't see anything alarming about that being a matured man you're responsible for yourself and how you make a living shouldn't be forced out of you to explain just to satisfy others curiosity. When family members get to have a clue about your source of income and how much money you probably be making, they tend to increase their billing on you base on what they believe you're making either monthly or weekly because it's captured that you can afford it. So keeping them oblivion saves you to a large extend.

I like that last statement, if you give them idea if how much you are earning then the obligation for paying bills will be the next thing that you'll see coming, if they have the idea then they will put more for your monthly or sometimes even the daily as you are in the house and they'll think that you need to help, sometimes it's best not to let them know and just give whatever you can afford to help, in terms of other concern it will be on you if you want to share and if how vocal you are from your family.
Yes that's what family do I mean the extended family especially, a portion of them possesses that feeling of self entitlement. I have this friend that is currently facing this situation and he hardly have money left as savings for his personal upkeep and it's really affecting him that a day don't go by he doesn't complain to me how he regret giving knowledge of his income range to his family and the worst aspect of it is that he's this too generous kind of person who hardly says No to family.
The crux of it is that the less people know about your income the less inputs on demands comes.

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September 16, 2024, 09:03:12 AM
 #204

Well, sometimes family wants to know our source of income and make sure it is a clean source of income. Many people know that there are a lot of scams on the internet these days, and our family doesn't want us to be those people. Therefore, it is very important to let them know about the basics of what we do on the internet, so that they know too. However, as you said, it all depends on how your family perceives you. However, I feel that it is important.

Then if I told parents that I earn due to cryptocurrency price growth, they might not be very happy about it. Cryptocurrency itself does not generate money. If I have bought bitcoin @ $20k, and sold it @ $60k, that means somebody has lost $40k on trades or bad investment. I have earned because someone has lost. The fact that my success depends on someone else failure might be disappointing for parents, when they find out it is all money related.

But I would make a drama, would not make special preparation and prepare soil for a pleasant conversation with parents if I was to tell them about how I earn. If I earn honestly, then there is nothing to worry about it. 

 
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September 16, 2024, 11:51:36 AM
 #205


Telling your family about your source of income depends on the kind of family you came from, there are families you will come from even if you tell your parents that your source of is illegal they will encourage you to do more as long your bring money to family they don't care.
At this stage I can't really tell my family that my source of income is online though I have been educating then about cryptocurrency, because they will think am doing internet fruading that's a fruadster because they are Christian but I have a plan of telling them but right now am still trying to convince them that apart from internet fruading there are still other legit ways of making money online which crypto is included so by the time I will finally tell them about my source of income they won't think am into the other way round that's been a fruadster.

I think it's a good idea to tell your family about your income so far, with the need to convince them by all means, even though it takes time but in the long run they will definitely understand it, that way the family's suspicions about your income will be better understood.

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September 16, 2024, 12:09:48 PM
 #206

I know some people working online find it hard to decide whether to let their family know about their income and its source. this problem is one of the major problem that youth working online in some countries are facing. so today we are going to talk about this.
Those who have difficulty telling their families about their source of income are most likely because it is illegal or uncommon such as gambling or other things that are quite difficult to explain, but if the results are from creating a YouTube channel and so on then it should not be a problem to tell them.
I only tell my family when they ask, because I feel it is not mandatory to tell them, they understand that I get money from online work but how they never ask, but currently the signature campaign is not the only activity to get money I started working again in the real world so that's enough work that I tell if my family or friends ask about my job.

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September 16, 2024, 04:19:13 PM
 #207

Anything that has to do with online investments should be kept private even from family, they can know about other sources of your income but when you are making money from forex or crypto trade it's better you keep it private because telling them about your profits if they are quite high might start attracting a lot of expectations that you might not be able to fulfill, remember that the financial market is filled with ups and downs, what happens next when they get too comfortable about your income and you blow your accounts, it's better you tell them about your jobs and keep your online investments to yourself
I had a friend who invested in an online platform, and he kept it secret from everyone. His wife only knows that he visits a particular website frequently but she knows nothing about the investment. Sadly, he was involved in a vehicle accident and he died. The family only needed his email and password to claim his funds but they couldn't find any. The family lost the money because nobody knew how to access the funds. Someone should know what you do online because life is unpredictable.
it's very sad news, your friend invest in an online platform whatever amount is small or large but this was his hard income but after his sudden death, his family or friends no one can find this money, it's not expected. so i think that we have secret assets or online investments or fixed deposit in banks, at least we should tell our any family member or someone very close friend, if we die due to any such accident then my family can find our assets.

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September 17, 2024, 03:07:29 AM
 #208

-snip-
Something that is easily obtained is not good because people do not learn through the process and for the long term process it will not provide a guarantee. If the income we get on social media by utilizing content, maybe this is easier to explain because they can see directly the videos we make and are paid through advertising methods or so on. It is precisely difficult to explain investment or trading because they will not easily understand the process that occurs in it. But fortunately now there is learning that can be seen in media sources so that when they want to learn to run they can learn first.

Operate investments or businesses must be based on the right knowledge so that if something happens they have knowledge in control. Although in running both risks cannot be separated because they are related to the money spent. But if they understand the pattern in running it will provide an overview before getting involved in it.
Assumptions about the difficulty of someone understanding investment issues depend on the person's own background. I don't think we are in an era where it is difficult to understand something that many people are interested in, including cryptocurrency and others. There are many learning media that can be accessed online both visually and reading, they just need to be interested in it and want to know and find out.

Regarding the issue of cryptocurrency investment, including Bitcoin, it seems easy for someone to give a similar analogy to other investment assets such as gold or currency. Forex and crypto investments are basically not much different, it's just that there are some differences in terms including where to trade them. Bitcoin and other crypto assets do not have physical properties, while forex of course has physical properties with each fiat, as does gold investment.

 
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September 17, 2024, 03:47:10 AM
 #209

I had a friend who invested in an online platform, and he kept it secret from everyone. His wife only knows that he visits a particular website frequently but she knows nothing about the investment. Sadly, he was involved in a vehicle accident and he died. The family only needed his email and password to claim his funds but they couldn't find any. The family lost the money because nobody knew how to access the funds. Someone should know what you do online because life is unpredictable.
it's very sad news, your friend invest in an online platform whatever amount is small or large but this was his hard income but after his sudden death, his family or friends no one can find this money, it's not expected. so i think that we have secret assets or online investments or fixed deposit in banks, at least we should tell our any family member or someone very close friend, if we die due to any such accident then my family can find our assets.

If no one knows the investment assets that we have, of course this will be very unfortunate if something happens that no one wants and what has been collected is of course very useless because no one can use it and because of this incident no one can know it, of course we must have someone we can trust and give a record that they can indeed use If something like the one you mentioned happens so that they can take advantage of what we have collected so far and also we have to give them an idea of how to make good use of it so that it can be used for what they really need.
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September 17, 2024, 08:19:08 AM
 #210

I know some people working online find it hard to decide whether to let their family know about their income and its source. this problem is one of the major problem that youth working online in some countries are facing. so today we are going to talk about this.
Those who have difficulty telling their families about their source of income are most likely because it is illegal or uncommon such as gambling or other things that are quite difficult to explain, but if the results are from creating a YouTube channel and so on then it should not be a problem to tell them.
I only tell my family when they ask, because I feel it is not mandatory to tell them, they understand that I get money from online work but how they never ask, but currently the signature campaign is not the only activity to get money I started working again in the real world so that's enough work that I tell if my family or friends ask about my job.

Or, those who have difficulties sharing information that they earn and how they do it, have them because they feel shy to share information with parents. I remember I was shy to tell my father that I have bought a car, because I knew he will not be happy about the manufacturer and model I have picked. I hid it for several months, until forgot keys at home. In a situation with earning online, not every parent understand that the world has gone digitalized. Some parents understand and accept earnings from labor, from working with hands. They dont understand how come someone click few buttons, and earn in a week the amount they earn working daily for a month. Some parents think that when their kids spend time behind pc, all they do is "doing stupid things". For example many still cant understand that game streaming can bring more money than going to office 9 to 5.

 
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September 19, 2024, 12:25:12 PM
 #211

-snip-
Something that is easily obtained is not good because people do not learn through the process and for the long term process it will not provide a guarantee. If the income we get on social media by utilizing content, maybe this is easier to explain because they can see directly the videos we make and are paid through advertising methods or so on. It is precisely difficult to explain investment or trading because they will not easily understand the process that occurs in it. But fortunately now there is learning that can be seen in media sources so that when they want to learn to run they can learn first.

Operate investments or businesses must be based on the right knowledge so that if something happens they have knowledge in control. Although in running both risks cannot be separated because they are related to the money spent. But if they understand the pattern in running it will provide an overview before getting involved in it.
Assumptions about the difficulty of someone understanding investment issues depend on the person's own background. I don't think we are in an era where it is difficult to understand something that many people are interested in, including cryptocurrency and others. There are many learning media that can be accessed online both visually and reading, they just need to be interested in it and want to know and find out.

Regarding the issue of cryptocurrency investment, including Bitcoin, it seems easy for someone to give a similar analogy to other investment assets such as gold or currency. Forex and crypto investments are basically not much different, it's just that there are some differences in terms including where to trade them. Bitcoin and other crypto assets do not have physical properties, while forex of course has physical properties with each fiat, as does gold investment.

Better understanding is what's needed and like what you mentioned there are many available venue of information if the person is really interested to learn, it's just a matter of how he adopts and how willing the person to listen if you share the ideas, especially with the emerging technology where investment are everywhere, the presence of internet gives everyone the advantages to learn more about the venue of investment that you are trying to share.

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September 19, 2024, 01:42:21 PM
 #212

Well, sometimes family wants to know our source of income and make sure it is a clean source of income. Many people know that there are a lot of scams on the internet these days, and our family doesn't want us to be those people. Therefore, it is very important to let them know about the basics of what we do on the internet, so that they know too. However, as you said, it all depends on how your family perceives you. However, I feel that it is important.
This is how it happens for you, but for me it's completely different. Nobody cares what I do on the Internet, if I bring money into the family. Yes, sometimes they ask about it, but as soon as I start throwing around jargon, they immediately ask me to stop. This is where my self-deception about earnings comes to an end.

And lately I've been trying to keep it as quiet as possible about it, so that there are no unnecessary questions. I don't like it and some people don't need to know.

 
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September 19, 2024, 01:43:57 PM
 #213

True or not you informed them I don't see anything alarming about that being a matured man you're responsible for yourself and how you make a living shouldn't be forced out of you to explain just to satisfy others curiosity.
Not sure whether you get my point or not. TBH I don't really care which one is true, but I hope he wants to recheck again his previous posts. Wouldn't it be better if he posted a genuine story?

Sure, being a mature person means you have the responsibility to yourself. It is your income, other people have no right to force you explaining your income. However, when it is your parents, I'm very sure you will explain it if they ask about your income.

When family members get to have a clue about your source of income and how much money you probably be making, they tend to increase their billing on you base on what they believe you're making either monthly or weekly because it's captured that you can afford it. So keeping them oblivion saves you to a large extend.
For the parents, I think it is no problem to tell your source of income even if you may not tell the amount of your income exactly. But for other family members, it is no need to tell them about the source of income. The bad impact won't be only about billing, there will be feelings of jealousy among them about the income if our income is higher. Sure, it is better to keep it secretly to avid the possible bad impacts.


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September 19, 2024, 03:51:03 PM
 #214

I know some people working online find it hard to decide whether to let their family know about their income and its source. this problem is one of the major problem that youth working online in some countries are facing. so today we are going to talk about this.
Those who have difficulty telling their families about their source of income are most likely because it is illegal or uncommon such as gambling or other things that are quite difficult to explain, but if the results are from creating a YouTube channel and so on then it should not be a problem to tell them.
I only tell my family when they ask, because I feel it is not mandatory to tell them, they understand that I get money from online work but how they never ask, but currently the signature campaign is not the only activity to get money I started working again in the real world so that's enough work that I tell if my family or friends ask about my job.

Or, those who have difficulties sharing information that they earn and how they do it, have them because they feel shy to share information with parents. I remember I was shy to tell my father that I have bought a car, because I knew he will not be happy about the manufacturer and model I have picked. I hid it for several months, until forgot keys at home. In a situation with earning online, not every parent understand that the world has gone digitalized. Some parents understand and accept earnings from labor, from working with hands. They dont understand how come someone click few buttons, and earn in a week the amount they earn working daily for a month. Some parents think that when their kids spend time behind pc, all they do is "doing stupid things". For example many still cant understand that game streaming can bring more money than going to office 9 to 5.
The topic of communicating what you do online or your work online to your family members depends on the kind of family you have, your communication skills, and your relationship with your family members.

If you have a family that is strict, or they find it difficult to understand anything that is not a conventional nine-to-five or white-collar job, then you take it slow with telling them. You wait for them to ask. As long as you are not doing anything illegal, you wait for them to ask.

Or, if you don't want them to ask, you just have to have one brother or sister or cousin or uncle or mom or dad that you know how to relate better with. So, you can tell that person. You don't necessarily have to even tell the person the full detail. You could just look for a word - maybe crypto investment or crypto something, just something.

Or tell them airdrop and explain the basics of airdrop to them. And then, like I said, your communication style. Some people don't know how to communicate naturally; it's like an issue.
So, maybe if you can't tell them to their face, you could just send a text message to a family member you are closer to, that you know will help you with the communication.

And your relationship with your family - like some people's family will barely ask them because they don't have a good relationship with them. So, everybody is just on their own, doing their own stuff. But then, if you have a really cool relationship with your family, then telling them what you do or rather the basic knowledge of what you do online shouldn't be an issue.

For me, we will just talk about it and move on to the next topic. It shouldn't be so hard to communicate with family. I mean, we grew up with this family, so it shouldn't be so hard telling them that, 'Oh, I do crypto online,' 'Not everything online is a scam,' 'I do this, I do that.' So, that's it

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September 19, 2024, 05:10:50 PM
 #215

Well, sometimes family wants to know our source of income and make sure it is a clean source of income. Many people know that there are a lot of scams on the internet these days, and our family doesn't want us to be those people. Therefore, it is very important to let them know about the basics of what we do on the internet, so that they know too. However, as you said, it all depends on how your family perceives you. However, I feel that it is important.

You're right, our family sometimes wants to know our sources of income to ensure that we're earning good money and not stealing from others, however, our parents understand the pain it is to steal from someone to meet our daily needs because they wouldn't be happy if someone scammed them out of the money they need to support their family, so they want to ensure that we're not earning from the wrong source.

However, I have faced a similar situation in the past. My parents didn't ask me how I was making money without troubling them, but when one of my uncles noticed that I had changed and stopped asking for help, he informed my parents that I was engaging in fraud and scamming people to make money, which is why I no longer bothered them, my parents asked me how I was making money, but I didn't tell them how much I was making, I didn't think it was wrong of them to find out, all they wanted was to make sure I wasn't taking advantage of people to get money.

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September 19, 2024, 07:33:42 PM
 #216

Well, sometimes family wants to know our source of income and make sure it is a clean source of income. Many people know that there are a lot of scams on the internet these days, and our family doesn't want us to be those people. Therefore, it is very important to let them know about the basics of what we do on the internet, so that they know too. However, as you said, it all depends on how your family perceives you. However, I feel that it is important.

You're right, our family sometimes wants to know our sources of income to ensure that we're earning good money and not stealing from others, however, our parents understand the pain it is to steal from someone to meet our daily needs because they wouldn't be happy if someone scammed them out of the money they need to support their family, so they want to ensure that we're not earning from the wrong source.

However, I have faced a similar situation in the past. My parents didn't ask me how I was making money without troubling them, but when one of my uncles noticed that I had changed and stopped asking for help, he informed my parents that I was engaging in fraud and scamming people to make money, which is why I no longer bothered them, my parents asked me how I was making money, but I didn't tell them how much I was making, I didn't think it was wrong of them to find out, all they wanted was to make sure I wasn't taking advantage of people to get money.
As a parent point of view then you would definitely be wanting to know on what you kids been doing or whatever the things they've been getting involved with on which we cant really just that let them
be not guided because there might be some possibilities that they might already doing something stupid or bad. As a kid or children then dont get mad if there would really be those kind of checks that
your parents been doing because this is really just that part of their responsibility on checking out their kids and trying out to monitor them whether they are still that doing good and having no problems
and if there's one then this is where we can make out those kind of open forum in regarding about our problems on which its a common approach thing. It would really be better that you should really be that
obeying on whatever they've been saying.

Speaking about telling your source of income then it would really be just that depending on you, if you do tend to make or keep it as a secret then better not make yourself
not too obvious when it comes on spending or buying on things because it would be impossible that your parents wouldnt be able to notice out specially if you are still that young
and didnt still finished up college and have job. lol

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September 19, 2024, 07:43:54 PM
 #217

I like that last statement, if you give them idea if how much you are earning then the obligation for paying bills will be the next thing that you'll see coming, if they have the idea then they will put more for your monthly or sometimes even the daily as you are in the house and they'll think that you need to help, sometimes it's best not to let them know and just give whatever you can afford to help, in terms of other concern it will be on you if you want to share and if how vocal you are from your family.

It is better tell them the exact amount you are earning I total I agree with you because the moment they know they will just want to shift everything to you and that is not going to favor you because you will be dependent on even with you own money again they will always want you to do more than them financially because they might feel you have little money problems and if not for the selfish interest of people why will you think because someone is earning well the person does not have a problem. Even people that we look up to that we think are rich have their own problems. As far as you are working and you are in the house they will want you to contribute but when they don't know what you are earning they won't be able to ask for much and that is why keeping the amount I better.

And I know that their are people that even their wife don't even know the amount of money they are earning just because of the nature that women have of always wanting to spend because no matter the amount you leave for a woman they are still going to spend it and that is why we have to be very careful of the kind of information we are leaking out especially if we have a good job, they might been having a feeling that it going to huge but they won't be able to ask how much is your pay, as far they can ask then I have to keep it to my self, since am the one doing the work it is best known to me.

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September 19, 2024, 09:33:08 PM
 #218


I like that last statement, if you give them idea if how much you are earning then the obligation for paying bills will be the next thing that you'll see coming, if they have the idea then they will put more for your monthly or sometimes even the daily as you are in the house and they'll think that you need to help, sometimes it's best not to let them know and just give whatever you can afford to help, in terms of other concern it will be on you if you want to share and if how vocal you are from your family.

I don't think lying about the actual amount someone is earning, either weekly or monthly, will stop your family from billing you. It would be better for them to know how much you are earning, and then you can try to support them with whatever is possible. That should be for close family. As a married man, you know it is your responsibility to provide what is necessary for your family, like food and shelter.So, as a man, you don't need to lie to your wife. What's important is that you always have your calculations ready. When the end of the month arrives and you receive your salary, always try to buy the necessary things needed in the house. By doing this, I believe it will avoid further billing.

As for other family members, what you have is what you can support them with. Anyone who bills you unnecessarily, you can simply tell them you don't have it, and that's all. Don't try to impress anyone, because most people that all family members focus on billing are those who always try to please them by giving whenever they ask. But if you keep saying you don't have it when they bill unnecessarily, they will eventually stop demanding from you.

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September 19, 2024, 10:18:07 PM
 #219

This is how it happens for you, but for me it's completely different. Nobody cares what I do on the Internet, if I bring money into the family. Yes, sometimes they ask about it, but as soon as I start throwing around jargon, they immediately ask me to stop. This is where my self-deception about earnings comes to an end.

And lately I've been trying to keep it as quiet as possible about it, so that there are no unnecessary questions. I don't like it and some people don't need to know.
You're like a free guy and that's a better state in your family compared to the others. You don't have to be bothered whether you tell them or not because they'd ask you then later on wouldn't care about your answer.

Much better to keep quiet, it's nice to talk things like this with your family but if they ask you to stop talking and that all they want is silence then keep it as they like.

There's no need for you to stress yourself explaining with those jargons and other unfamiliar terms to them. That also saves your time and effort.  Cheesy

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September 20, 2024, 05:58:09 AM
 #220

You're like a free guy and that's a better state in your family compared to the others. You don't have to be bothered whether you tell them or not because they'd ask you then later on wouldn't care about your answer.

Much better to keep quiet, it's nice to talk things like this with your family but if they ask you to stop talking and that all they want is silence then keep it as they like.

There's no need for you to stress yourself explaining with those jargons and other unfamiliar terms to them. That also saves your time and effort.  Cheesy
At the very beginning, it just got on my nerves. You can't even imagine how much I didn't like it. I had to somehow get out of it so as not to offend my family. I used this practice of answers that just became boring. And it worked. Now no one asks about how I conduct my activities on the Internet. They simply lost interest in this matter. If anyone needs it, then take note. ))

Now I use this method to answer constantly and it all works great. People don't want to hear if a person throws out terms that they don't understand and quickly switches to another topic.

 
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