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Two games we can play when it comes to our finances: status and wealth.
In order to win the status game, I must outcompete with everyone by showing off using expensive purchases and luxury brands.
Wealth, however, focusses on providing value and minimising the risk associated with taking on debt and costs.
When we're young, we want to show off to the world and others that we can afford such things. Essentially, so we don't look poor.
But, with wealth, it's going to be a time to swallow your pride and focus more on producing income rather than spending it.
It's going to suck, but it will grant us a greater reward of financial abundance and independence.
Something status cannot grant, no matter how much you play.
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18 сен 2024
