Quote:
Originally Posted by kane
Very true. One thing I see in our industry (which is the ultimate luxury item  ) is that you get people who start making some money, then they run out and buy a house and a car and big screen and run up a ton of debt then their income drops off and they lose it all. to them having those things is the most important thing they can think of. Something I have noticed is that the people that can least afford it are often the ones that are the most materialistic. |
I'll admit I made this same mistake for many years when I first started in business. I thought in terms of building income instead of building wealth. You should have continually increasing wealth. this is a good goal and will provide an increasing standard living and more importantly security. Think of what is truly affordable to you and only buy that.
That being said I really like stuff. i own a lot of status-enhancing goods. it's just that I can afford them.