I can always tell when someone just got paid on Friday.
Friday night, you’ll see them in the club, bar, or local pub, throwing back shots of the best liquor in the place, and buying drinks for everyone from ex-girlfriends to perfect strangers. At the end of the night, they’re almost as broke as they were before payday.
When people get new money (or even just their usual paycheck), they often get a “New Money attitude”. The “New Money attitude” is all about appearances, showing the world that you have money, whether you really do or not. I’m sure you’ve see these people before, flossin’ and ballin’. Usually it’s all smoke and mirrors; if they were really ballin’ like that, I doubt they’d still be sitting in your local neighborhood bar.
I want you go get new money and enjoy yourself within moderation, but I want you to act “old money.” “Old Money” isn’t concerned about appearances or impressing friends. “Old Money” sees more of the value in 529 college plans and investing than buying Grey Goose over rail liquor. Do you see Bill Gates poppin’ bottles? Do you see Oprah waving her Rollie on the red carpet?
The difference between new and old money is that old money acts like they’ve
been there before. They act like they’re accustomed to having money so they
don’t spend it foolishly. If they were football players, “New Money” would shuck and jive like fools after scoring a touchdown, while “Old Money” would just hand the ball to the referee…because they know they’ll be back.
When it comes to spending your money, be old money. Act like you’re accustomed to having it…and you’ll have a better chance of keeping it.
The “fake it till you make it” statement has not helped this “New Money” epidemic at all. People are so worried about keeping up with the next man just to find themselves in worst shape than before. They will learn eventually…
The whole game is temporary so it’s hard to get people to shake out of it. I mean only BMW still honors 7 years before they change the style of their models. Plus you have a lot of people who can’t see past tomorrow with their money. People like new and that’s what marketing is about. I mean how many Ipods have you went through when you rarely ever fill up the NANO!
The biggest problem I’ve seen with the “fake it til’ you make it” mantra is that you got a bunch of cats running around faking it and never actually making it! It’s okay to use your wits to get you into a better spot but at some point you’re going to need to step it up and cross that finish line!