Hi all
First of all, I want to say hello to all as this is my first post in what I hope will be an interesting and fruitful time here Am a relative Newby when it comes to investments and wealth after "waking up" a few years ago after reading Rich Dad Poor Dad, and it just snowballed from there I have a property in Perth which is doing rather well, and am now in the process of consolodating and saving before investing more seriously. I have a lot to learn, but it should be fun,
Anyway, I have a question for you all. How do you guys deal with the pressure from peers to do what I see as consume ie heavy debt, big houses, cars, toys etc? People who see wealth being what you have, not your net worth. My partner and I feel sometimes that we are being left behind despite knowing full well we are in a far better financial situation than anyone we know. We know we can full well afford these things, but choose not to because it is not in our long term best interests. What do you reckon?
First of all, I want to say hello to all as this is my first post in what I hope will be an interesting and fruitful time here Am a relative Newby when it comes to investments and wealth after "waking up" a few years ago after reading Rich Dad Poor Dad, and it just snowballed from there I have a property in Perth which is doing rather well, and am now in the process of consolodating and saving before investing more seriously. I have a lot to learn, but it should be fun,
Anyway, I have a question for you all. How do you guys deal with the pressure from peers to do what I see as consume ie heavy debt, big houses, cars, toys etc? People who see wealth being what you have, not your net worth. My partner and I feel sometimes that we are being left behind despite knowing full well we are in a far better financial situation than anyone we know. We know we can full well afford these things, but choose not to because it is not in our long term best interests. What do you reckon?