Being rich is having time and money to enjoy life. It’s not
about owning a yacht, a multi-million pound property or being able to buy
everything you want. A person who sets a goal that would make them content with
life is a person who is already rich. However, for the three different classes
of society, the way money is thought about works differently.
1. Low-Income
Class
For the low-income class, it is about spending money on
things that yield no profits. These may be consumer electronics, luxury
vacations and new appliances. These only provide benefit for a short time and
have no long-term possibilities. As a result, these bad investments only drag
them down to living from one paycheck to the other.
2. Middle-Income
Class
The middle-income class also falls victim to spending on
things that yield no investment value. These are more luxurious vacations,
spending on a new vehicle, and more expensive appliances. Unlike the lower-income
class, the middle-income class have the financial capability to invest, but
seldom do so.
3. High-Income
Class
The high-income class in each country spends, but thinks of
their returns first. They prioritise purchases according to the returns and
profits they could get. As they think of it in such a way, they create passive
incomes. Their money for spending for themselves increases with every purchase.
Basically, it is just them purchasing items that would deliver returns.
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