Time isn't Money anymore,, Money is Status

In this day and age, one can easily notice how money is spent so scantily in the economy. There are many people who are rich in wealth but spend money very poorly. People often buy expensive goods that are well above the price they should be sold. The purpose of a pair of shoes is to keep a person’s foot safe and warm while they are walking or running. An average pair of shoes can cost about $35 but there are many people who will voluntary spend $100 or more on a pair of shoe because it “looks” good. Perhaps this is materialism and consumerism at its finest.

There are some people who can afford to lead this type of life style but there are also others who cannot. They may decide to buy a $40,000 BMW .when they can’t even afford to pay their bills. They don’t want to be known as “penny pinchers” so they spend lots of money to show off the wealth they don’t have. To freely spend money without thinking about the consequence is a foolish thing to do. Money you might not need now may come to use later. A great penny pincher once said, “A penny saved is a penny earned.” If everyone lived according to Benjamin Franklin’s philosophy, our economy will not be as flimsy as it is now.

Spending money appears to be a status symbol. When you look at someone wearing the same clothing brand as someone else, you are less likely to judge them financially, but if they are wearing brands you do not see anyone else wearing, you will be intrigued to find out rather they are either poor or really rich. People are like animals, animals they seek out friends and mates that are in good condition with excellent plumage. In the case of people, we seek out those who are attractive and wealthy. We spend more money on things because we feel money can buy happiness and respect.