Should You Buy an Expensive Phone or Invest-Benjamin Zulu
So, iPhone 15 was recently launched, and people thronged to buy it. But a small group of people focused on a different thing. Now that Apple is performing so well, can we buy its shares? They didn’t just want to share in the frenzy of a new gadget.
They wanted a share of the windfall from the sales. We can say these people have a wealth creation mindset, and the rest have a consumer mindset.
There’s no problem purchasing a gadget when you need it, of course. The point here is that you shouldn’t focus on just spending and consuming, or else you’ll never enter into wealth.
Poor people use salary and savings to buy luxury items and status symbols. Rich people take the long route of investing their primary income first to create a secondary income. Then, they use the secondary income for luxuries and lifestyle.
Poor folks will go broke trying to look rich while rich people look broke because they are trying to get rich.
It takes a paradigm shift. You have to change how you look at life as a whole.
Dating a billionaire doesn’t make you a billionaire; it just makes you a billionaire date, one of many options they have.
Driving a posh car doesn’t make you rich. It just makes you the owner of a very expensive toy. Unless you have the backup of solid investments, maintaining that car will make you more broke.
Poor folks use money for show off and to proclaim a certain social status. Rich people use money for security and freedom, to live their life the way they want without boot licking anyone.
In short, if you want true wealth, exit the rat race. Stop trying to show where you are even if people around you are doing it. Let them post beach photos and holiday moments.
That’s their journey. If all your money is going to the home you’re building or rental property you’re developing, you’re on the right course. Remain confident and unmoved.
Your goal is not a community to impress but a financial goal to attain.
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