I haven't blogged for a while, as I've been extensively researching the UK property market, and I even put in a few offers on some properties but ended up being outbid. I've also spent this time doing some thinking about the nature of wealth, and observing those around me who are deeply in debt, but spend money like they are rich! Its amazing what people will do to get wealth, or to make other people think they are well off. Its also eye opening to look back on all my years of moneyseeking and reflect upon what I have learnt.
After seeing all of the costly iphones and fancy, brand new expensive cars that my broke friends are buying on pricy hire purchase (loan) agreements, I asked myself if I was denying myself these pleasures, after all you only live once. I asked myself if I should start spending money more conspicuously now, and show off a little bit of my wealth, since have earned it. I then realized that I would only be doing this to impress other people.
Yesterday, I phoned my millionaire mentor Mr Piper for a chat, and he was at a car boot sale, looking for the cheapest goods he could find. He hasn't changed his ways and still does not overspend on high priced brand new goods. He continues to practice what he preaches, and its a sobering lesson to me that frugality is the way forward.
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