2 of 9

Write now Article Tools

Page 2 of 4

car, chances are in a very short time they will too. It's actually a sign of insecurity that people need to copy what others do, though consumer society encourages it. Instead of saving and sorting out their lives, they are too busy buying beyond their means, and are on the road to debt simply because they believe they are entitled to have all those trimmings even if the bank balance tells them that they are foolhardy.

THE DESIGNER LABEL FREAK

This applies across the spectrum and isn't confined to youth as one might expect. To the designer freak, it matters that they wear Calvin Klein underwear, even if no one will see it. What matters more than whether the clothing suits them is the label. It's a very strange concept that anyone would pay out hundreds of dollars for a handbag, or a pair of shoes with a designer label, and yet every day millions of people get into debt because they cannot live without those items that they believe make them a better person. Do they really ? Do you get status from owning a pair of briefs designed by Calvin Klein. If you look at the ridicule of the situation, would it not be more intelligent to produce an image that is individually you, rather than a mass produced one that costs you your earnings and gets you into debt ?

Many of the designer label freaks buy beyond their means and never have money to save or to put by for a rainy day. This type of person belongs in the Live Now Pay Later category, but the mistake they often make is that they pay an enormous amount for the privilege of having those labels on their clothing and accessories in that the interest rates they pay on their credit cards mean that for the sake of a pair of underpants or the latest handbag, they may be paying interest for years, and remain in debt, simply because their monthly payments don't cover their expenses, and there is always one more label that comes onto the market that matters more than how much they cost.

THE PLASTIC PEOPLE

Have you ever wondered how come there are so many advertisements on the television offering you money regardless of your financial standing ? Why would they do that ? The problem with plastic people is that they see the advertisements, they see the possibility of buying items they cannot afford now, and instead of wondering why the credit card companies can offer such possibilities or the eventual cost, they are too awe struck by the possibility of possessions that common sense goes out of the window.

Remembering someone seeing

• << previous page
• 1
• 2
• 3
• 4
• next page >>

Add your voice

Know something about Figuring out your investment style?
We want to hear your view. Write now!