Badge is an emblem (a small piece of plastic or cloth or metal) that signifies your status (rank or membership or affiliation etc.) any feature that is regarded as a sign of status (a particular power or quality or rank).  - Dr. Anthony Fernando

In today’s materialistic society most of us have been conditioned to make snap judgments about a person’s level of success based on the ’status badges’ that they own and display.
These status badges include the sunglasses they own, the watch on their arm, the car they drive, the handbag they carry and the shoes they wear.
The big problem with this ‘Status Badge Game’ is that in an attempt to look successful to others, many people fall into the trap of purchasing status badges instead of managing their money wisely in order to achieve true financial independence.
It’s important to note that deciding not to play the Status Badge Game is not about becoming a cheap miser who refuses to spend a cent. Instead, it is about identifying items that represent good value for money without paying the large overheads necessary to accumulate high status badges. Always remember to:

“Shop For Value Not Status”

By applying this simple financial philosophy to your personal items, your clothes, your car and your home you can save many thousands of dollars over your lifetime. You can then redirect this money into acquiring income producing assets and enjoying meaningful life experiences with the people you love.

So today I’d like to encourage you to see the Status Badge Game for what it really is – An elaborate conditioning process devised by savvy marketers attempting to maximize company profits.

As soon as you understand this and make the decision not to play the Status Badge Game, your whole perspective will shift. You will find yourself free of the burden of ‘keeping up with the Joneses’ and will soon be on the path to achieving true financial freedom.

It’s not always about saving because sometimes we need to spend to get the economy going. If we don’t spend, then basically businesses will shut down because they won’t be generating any sales. Spending somehow have an impact on how we contribute to our economy. It propels business growth and as we help on increasing business growth, we also help on decreasing unemployment rate.

When it comes to spending, some of us are frugal when buying clothes but a big spender when it comes to gadgets. Some of us are big spenders on foods but frugal in gadgets. Some are big spenders in terms of providing relaxation to themselves such as spas, coffees and leisure activities such as traveling to different places but frugal in clothes and gadgets. Some are watchful on their expenses on clothes but they buy a lot of expensive books to read to feed their minds.

The biggest trap today is sales which is use to attract those who usually spend less.The truth is "One must know what he need and when he needs it" it helps. Stay away from deb

ossy ilumah

No comments:

Post a Comment