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šŗBuild Real Wealth... DON'T FAKE IT!
Why everyone seems wealthier than they really are (and how to break free from the illusion)
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Youāre not behind.
Everyone just APPEARS to have more wealth than you.
Hereās exactly what I mean:
1/8 (with a practical example)
The most common public displays of wealth are:
Cars
Homes
Vacations
All of these are financeable purchases.
Since many people have access to these leveraged purchasesā¦
We find ourselves in a situation where middle-class earners might own a BMW.
While some highly successful people could settle for a Toyota Corolla with no debt.
Without thinking twice, these BMW drivers appear wealthy on the surface.
However, people driving less affluent cars could be far wealthier in reality.
Despite what social media portrays, most wealthy people donāt display their riches.
But it goes a step further.
You could finance a middle-of-the-road Mazda while your friend drives a high-end Lexus.
After some discussion, you guys realize you have similar monthly payments.
Even though your Mazda costs $18,000 less.
Is your friend lying about his Lexus payments?
Not entirely. He just failed to mention heās leasing the vehicle for 3 years.
After 3 years, he needs to return the car to the dealership.
Plus, his gas & insurance is higher than yours.
In this situation, you feel poorer than your friend.
In reality, his total financing costs are far greater, plus he needs to return the car.
Even when youāre both in debt, you feel less wealthy thanks to your friend's financing choices.
This is why you should NEVER compare yourself to others.
You have no idea whatās actually happening under the surface.
Itās impossible to accurately compare your situation to everyone else.
Then thereās the rest of the world.
Most people are fighting for survival every day.
The reality is youāre blessed beyond belief.
Itās our narrow viewpoint + debt trickery that makes us feel otherwise.
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