A simple sentence from a financial planner completely changed my perspective on spending
Tom Pennington / Staff / Getty Images
Essentially, she writes, she sees through your posturing. Having gotten an up close and personal look at many people's actual financial situations, she recognizes that things aren't always what they seem.
When you run the numbers, your coworker's sleek sports car is a money pit. Your friend got the down payment for her gorgeous house from her parents. Just because people are living with the typical trappings of wealth doesn't mean they have the dollars to back up that impression.
They would be better off to live within their means.
This fact isn't news. We're told over and over again that living within your means is "responsible" and "smart" ... which sounds suspiciously like "dull" and "tedious." Precious few of us actually have the means for weekends on a sailboat and tasting menus at Michelin-starred restaurants. What's glamorous or fun about budgeting money for car repairs and passing up admittedly overpriced cold-brew?
And then, Bera wrote something that turned this perspective on its head:
"It takes confidence to live within your means."
Confidence is glamorous. It's something to aspire to. It's something we all want. It's desirable.
It's like turning down Friday night shots because you don't want them, or passing on the Vegas bachelor party because you think Vegas is terrible and you're not that close to the groom, anyway. It's doing what's right for you without caring what other people think.
And hey, maybe the thing that's right for you is a weekend on the sailboat. No shame. But if it isn't, that's just as good.
Because doing what's right for you is the ultimate act of confidence. And when you think about it, confidence is the first step toward glamour.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling
- Climate change could become main driver of biodiversity decline by mid-century: Study
- RBI initiates transition plan: Small finance banks to ascend to universal banking status
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market