Ditch The “Fake It Until You Make It” Mentality Concerning Wealth

You can’t judge a book by its cover. You know this if you’ve watched a fancy vehicle pull up to a much-less fancy-abode. The takeaway lesson? Being rich and appearing rich are two very different things.

Photo by AMagill.

As money blog The Simple Dollar states, many people choose the appearance of wealth even though that will likely impede their financial security and put them in a position of financial dependence. Why?

A big part of the focus tends to be short term happiness and impressing other people – but long term happiness and enjoying yourself takes a big back seat. Fake it until you make it? Only if you’re bringing something more to the table – and that “something more” comes through without lots of superficial elements to impress others.

The bottom line, according to the post, is to take an honest look at your financials and ask yourself the following question: Do you want to appear rich or do you want to be rich?

Once you have that answer firmly cemented, you can more honestly create a game plan to pay off bills and other monthly statements. Need more help keeping your financials in check? Try using the previously mentioned “Should I Buy It?” flowchart to make more sound purchasing decisions.

Do You Want to Appear Rich? Or Do You Want to Be Rich? [The Simple Dollar]