Money and Finance
Today, I was shopping for new clothes with my friends for the upcoming school semester after a long holiday.
Yes, I'm a normal human being too! Well, as normal as can be anyway..
So, I was at H&M when I overheard this chinese lady telling her son who was browsing the various apparels on display.
Roughly translated in chinese, she was saying:
*It's okay son, don't need look at the price we are rich just buy whatever you like.*
Now, I fully understand that the mother may mean well, by being a doting mom that gives her son whatever he wants in life.
However, I feel that she's teaching a wrong lesson to her son. I feel that being rich, doesn't necessarily means buying anything that you/he/she wants.
That's a very flawed mentality to live by. No matter how rich you are, if you spend everyday sooner or later your expenditures are going to overtake your income and you'll end up in debt again.
Her son may grow up with a silver spoon in his mouth, but how will he behave as an adult? Spending on anything that his friends/girlfriend/wife wants? It isn't necessarily a bad thing but there must be a certain level of self control.
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Money and Finance
What Does Being Rich Truly Means?
Today, I was shopping for new clothes with my friends for the upcoming school semester after a long holiday.
Yes, I'm a normal human being too! Well, as normal as can be anyway..
So, I was at H&M when I overheard this chinese lady telling her son who was browsing the various apparels on display.
Roughly translated in chinese, she was saying:
*It's okay son, don't need look at the price we are rich just buy whatever you like.*
Now, I fully understand that the mother may mean well, by being a doting mom that gives her son whatever he wants in life.
However, I feel that she's teaching a wrong lesson to her son. I feel that being rich, doesn't necessarily means buying anything that you/he/she wants.
That's a very flawed mentality to live by. No matter how rich you are, if you spend everyday sooner or later your expenditures are going to overtake your income and you'll end up in debt again.
Her son may grow up with a silver spoon in his mouth, but how will he behave as an adult? Spending on anything that his friends/girlfriend/wife wants? It isn't necessarily a bad thing but there must be a certain level of self control.
Will you be a pampered child?
What do you think? Do you agree with the mother? How would you behave? And how will that mentality shape your life?
Signing off,
Teenage Investor
- Surge In Rich Chinese Who ‘invest’ In U.s. Citizenship
Despite all the talk of class warfare and punishing success, the U.S. remains a highly desirable place for the world’s rich. Especially for the rich Chinese. According to data from the Immigration Service, thousands of wealthy Chinese have applied for...
- Being Called Stingy
Hi Everyone, This is not a new idea, but one that resonates with me. There are quite a few posts within this community talking about being frugal vs. stingy so add this one to the list. Tonight, my wife and I went out for happy hour with...
- Rich Dad, Poor Dad ; Book Review
A humble review of this book by me! :) Throughout my time that I read this book, I was also testing his theories in my head wondering if I could apply them to real life situations. Some of his theories remain unclear to me, others however gave me a better...
- The Post For All Investors; Both Seniors And Juniors
Recently, it came to my attention when a fellow investment blogger commented on one of my recent posts to inform that a senior blogger blogged about me. Yes I was aware, I just chose not to say much. However, I am honoured that my posts reach out...
- Saving During Your Growing Years
Everyone wants to be rich, don't they? This is especially true in Singapore, where the gap between the upper and middle class are increasingly widening and the costs of living are absurdly high. Everyone wants money. Some are content with having enough,...