It has become apparent that the phrase “living beyond your means” does not hold much meaning. This is certainly not everyone, as there are some of us with both feet firmly on the ground. The handbag craze is sweeping the nation and it seems that more are largely aware of and owning designer fashions.
While walking though campus I have even seen several students who appear to have these designer luxury items and I wonder several things. I have learned some hard lessons about finances though some very tragic situations, and in the end I realized a simple concept; everything that happens is a result of a choice made and some people make bad choices.
Does anyone consider their financial standing before making these extravagant purchases? Money in the bank gains interest. A handbag is like a car, while the handbag may last more miles both are a consumable good. And after the extravagant good has been purchased, the happiness is short-lived and then most people are ready for something else new. Search for true happiness, I promise it’s not it a handbag. Remember, a rich man is considered rich because he has lots of money and he has money because he doesn’t spend it on frivolous items. We are entering an era of degree holding citizens, and more money is being made, yet everyone is still broke.
Why do some people struggle financially no matter how much they make? I began reading several financial books in search of the answer and one author seemed to hit the problem right on. He began discussing the differences between the rich and the poor, and he made some amazing points about financial literacy. What can a poor parent teach their child about finances? They can tell their child to go to college-get a degree, so then you can have a good job. So then you get a good job, but remain broke. This is because the crucial information most need to know about how to make money work for you (instead of you working for money), was a lesson not taught in grade school and a lesson that can be easily missed in college. Live within your personal means. Learn from the mistakes of others and critically analyze decisions.
I won’t ramble anymore…as it is unlikely anyone has read this…
If so, I found some great books…if anyone is interested.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment