This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
For high income earners
However, just because you’re earning x amount of dollars doesn’t mean you need to live as if you’re earning that much. We often make purchases that look nice but don’t need or truly want.
Ask yourself often: why am I making this purchase? What do I hope to gain from this purchase? How often do I intend to utilize this item after making the purchase? How much time did I invest into mulling the purchase over, or is this an impulse buy?
A woman earning a salary of $1,000,000 a year, lives as if she’s only earning $300,000. Why? Because she realizes she doesn’t need to live a million-dollar lifestyle to experience fulfillment. She is content off $300,000.
The perks of her decision-making are that she will always have excess income at her disposal, and she will not get caught up in the accumulation trap that any high-income earners fall into.
If you’re not careful, as your income increases, you start to adopt beliefs such as:
I need to buy x car.
I can only fly private.
I need to upgrade all of my technology every year.
I can only stay at x hotel, resort, or villa when I travel.
I need to have a large house with x amount of rooms and bathrooms.
Depending on your financial situation, some of this stuff will be easy to afford. For others, not so much; but they’re so caught up and vested in optics, that they are willing to compromise their wealth for affirmation.
I have a friend who always makes fun of me for keeping my car of ten years. On the other hand, they have bought a new car almost every 2–3 years, and the recent car they bought, unfortunately, got hit with a rock. The windshield has yet to be repaired on a brand new vehicle. The car also came with a $500 car note and $200 car insurance.
Instead of investing my money into a car right now, I’m choosing to invest it so my money makes me more money. Will I get a new car? Hell yeah, and I’m looking forward to it when I’m finally ready to throw away some cash.
Unless you get paid to drive, cars don’t usually put money in your pocket; they usually take money from your pocket. But because my friend could afford a new car with their income, they bought the car.
Are You An Addicted Consumer?
Much of what we buy is
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.