Have you watched TV recently? Of course you have, we all have. It’s one of the greatest inventions of all time. Many of us have 3+ TVs which must equate to nearly a billion televisions in the U.S. alone! When our favorite T.V. show isn’t airing, what is being displayed to us on our television set? Commercials!
Every day, we’re being shown all sorts of things that we could own, from paper towels to brand new cars! And what do all of the actors have in common that are advertising the product? Smiles. These products are making them happy, and if we fork over our cash and buy the product, then we assume that we’ll be happy too! We believe that the millionaire mindset is directly related to spending.
And, it’s not just the television that displays these ads to us. They encompass our every move!
- Trucks, vans, cars
- Purchased Products
These are all of the places where we’ll experience ads, and sometimes we don’t even know it.
Have you ever decided to purchase one of these items that you thought would make you the happiest person in the world? Where is that product right now? Do you even own it anymore? Or was it just wasted money?
If I think about my friends that have purchased brand new cars because it was “the best thing ever” and would make them happy for life, they might still have the car, but they’re already talking about the next car that they’re going to purchase. That’s the one that will truly make them happy….. I don’t think so.
Happiness Has Nothing to Do With Spending or Possessions
Have you ever visited a Developing Country (used to be referred to as a Third-World Country) or seen television footage of their day to day life on T.V.? These people live on less than $5 a day, and more often than not, they are some of the happiest that you’ll ever meet.
On the other end of the spectrum, if you walked up to a mansion and spoke to the owner, they will probably tell you that their house is nothing compared to their friend’s, and they can’t wait to move out of that dump. They are always wanting more. And more. And more.
Save it and Give it
My wife and I are both quite young (25 and 23), and we are already learning these lessons. We lived in Palm Beach County, which is one of the most wealthy counties in the United States! Initially, we thought that the location was the best thing we could ever ask for; we were close to the ocean, we stared at palm trees all day, and the temperature was far from freezing. However, it was a paradise that soon lost its luster.
The area had a beautiful setting with beautiful people, but many of their hearts were as black as coal. All conversations revolved around possessions and status. Love was not discussed or valued. It was incredibly depressing.
Since that experience, my wife and I have moved back home to Michigan (near our loving friends and family) and have learned to limit our spending and give to those in need. We still save for our retirement, but we do not spend unwisely on short term wants. We have much to learn in the future I’m sure, but these lessons have already been worth so much!
Have you ever purchased something that you thought would make you happy? What was it, and where is it now?
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.