To become rich, stop acting like it
We all fall victim from time to time with the "Keeping up with the Joneses" effect. I admit, quite often than not, to having a hard time differentiating between my NEEDs versus my WANTs. Thus, by the hopes of me blogging and bringing awareness of my spending to light, I hope to dampen this urge. I remind myself that delayed satisfaction is the key to becoming rich in the long run.
I'm currently reading this book called "Stop Acting Rich . . . and Start Living Like a Real Millionaire" and would like to share a few interesting facts.
Fact #1: 86% of all luxury vehicles are driven by people who are not millionaires.
Mrs. Bee response: True! I drive an old luxury vehicle and I am no where near miilionaire status (YET). But I hope to be one day in hopes to become that 14% that is a millionaire who continues to drive a luxmobile.
Fact #2: $16 is what most millionaires pay for a haircut
Mrs. Bee response: False! I'm so guilty of paying around $55 for a nice haircut every 6 months. Again, it goes to show I am not a millionaire (YET). However, this excerpt is misleading because some places around town charges less than $16 (tips included) for haircuts. And those people sure don't look like millionaires or are they!
Fact #3: The #1 shoe brand worn by millionaire women is Nine West. Their favorite clothing store is Ann Taylor.
Mrs. Bee response: This again I feel is misleading. Nine West shoes are not cheap nor are Ann Taylor clothing. I don't own either brands so again this proves that I not a millionaire but my shoes are compareable to their prices.
The author points out that many people end up in financial trouble because they PRETEND to be rich. He believes there is a cure to this pretentious disease and quotes "But for the treatment to work, you must take a cold hard look at your balance sheet and at your life, and determine if you would be wealthier if you would stop acting rich."
Do you agree that there are way too many people in this soceity that act and pretend to be rich? Will the recession motivate pretenders to hit the reset button and not just act rich but live modestly like many real millionaires?
Please share your thoughts.