I saw a reality TV show called millionaire wheels, which was about people selling and buying expensive and limited edition cars starting at one million dollars. All I saw were wealthy individuals throwing money around without mentioning their source of income.
The clients I saw were sitting by the pool, drinking something and talking about spending money on exotic and rare vehicles. It did not make sense to me until I met this guy who discussed his source of income.
In reality, the reason the TV did not make sense to me was that I find it unsatisfying when people throw money around without reason.
Money loses its meaning in my eyes.
Personally, I believe that the joy of owning or spending money should revolve around the process of earning it (money), and when this is not the case, the honest work process becomes a joke. Perhaps it is because I am poor; I am not sure.
So there was this Chinese, possibly Korean man. He met a guy who was selling an expensive car, and immediately he came into the building, I knew he was rich. Although he was not dressed expensively, the wristwatch and sneakers indicated that he was probably wealthy.
So he was shown a very expensive vehicle. He even begged to test drive the vehicle, but the seller initially declined. The reason was that the car cost $1.4 million, and he was afraid the Chinese guy would crash it, but he eventually agreed after the guy begged him.
He agreed because the guy was wealthy enough to pay 1.4 even if he crashed or damaged the car while testing it.
After the test drive, it was clear that the guy adored the car; it was smooth, cutting-edge technology, a speed machine, sophisticated, and stunning. The seller then began asking the Chinese guy to pay for the car, but he stalled a bit. He was unsure whether he wanted to pay for the car.
At the back stage, the seller has already discussed the Chinese man's source of income. He made his fortune by owning a clothing line, and apparently $1.4 was a small sum for him to pay.
So, why did the guy stall even though he could afford the car comfortably? I was wondering, too. This was when the show became intriguing, and I wanted to know what happened until the very end.
After much persuasion, the guy refused to buy the car, instead telling the seller to give him 24 hours to think about it. The seller was both angry and perplexed until the Chinese guy sat him down and told him a story.
Apparently, the guy was from a poor home, raised by a single mother. He stated that he was not from a wealthy family and had to work hard for every penny he earned, and that whenever he wants to buy a luxury item, he has a natural tendency to stall.
I understood where he was coming from. When you have been depraved, you have an instinct to be overly cautious even when your financial situation changes. This is known as "knowing where you are from."
It is amazing how the mind works; if you do not understand how insecurity works, you may become disillusioned and believe the world is safe.
This is why wealthy children are weak and careless, while poor children are tough and careful. Most of the time, our foundations define us. No matter what kind of change we go through later in life, our background remains intact.
The financial foundations of a person are often underestimated in who they eventually become; people do not suddenly change and leave a plethora of experiences that have shaped them to some extent, which is why money can never truly take away the fundamentals of an individual's upbringing.
The mind is designed to connect the past and present, which is why we never let go of the past, regardless of how good the present is.
The question is, do we truly remember where we came from?
Not many people do so. Some people believe it is inappropriate to discuss poverty, a humble beginning, or a history of illnesses and pain. However, I believe that some of the limitations contribute to the identity of perseverance that some people develop.
Do I want to come from a wealthy background? Yes. Why?
Life is easier when you do not have to suffer for problems you did not cause, and we thrive when the landing is softer than those who had to hit the ground running. Insofar as "grass to riches" success stories are good. Typically, only two out of every ten people survive to tell their stories.
In reality, most wealthy people inherit generational wealth and pass it on to their children. They create a wealth legacy that is passed down through their lineage until a wasteful offspring is born, ending the family legacy of abundance as a result of their reckless behavior.
However, there are benefits to whatever we are coming from.
There is no such thing as perfect history; the only difference is that when the upsides outweigh the downsides. For example, some people will refuse to buy certain things in life no matter how wealthy they become. This is the natural instinct kicking in. Most people remember who they are because it reminds them that they never want to return to that place.
Interested in some more of my works
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This why when I have children in the future, even if I've achieved wealth by then, I will instill a sense of financial responsibility in my children. I will teach then that money is earned and not given or inherited. If they are to be part of my company (should I have one then) they will start from the level for which they are qualified and work their way up. It's easy for us to wisely spend the money we got through some effort than money we got easily. Not many parents understand this.
Well you're right. I think you have a bright plan there. However instilling this discipline is where the problem is. Sometimes the parental love people have for their children blinds them to such strict discipline, especially when things like "only son" or "only daughter" tag begins to come to play.
@tipu curate
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Thanks a million
You're welcome 🙃
I have to agree with your article. 2nd generation wealthy acts differently from the 1st generations.
They should, as generations are different
Thanks
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I'll probably be part of the camp of people who will refuse to buy certain things in life no matter how wealthy they become. Just because I can afford something doesn't mean I have to buy it, especially when I don't need or want it. Of course, it's a different case altogether if it's a loved one that needs or wants this thing. But I think for the most part, we're always reluctant to spend the money that we worked hard on earning, feels more like a robbery than a value exchange :)
You’re right about remembering where you come from no matter how wealthy you get. But I think that past a certain number, even the people from the most humble beginnings will forget they came from poverty. It’s really just a matter of numbers and how secure those numbers make you feel against splurging.
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