Don't live above your affordability

[AVE5]

Without pretence, how'd you feel being a low class admist first classes where public are being attentive?
Honestly, to some oppressive times, I actually feel like to afford the first class expenses in that period of time just for impression but my fear always goes to HOW TOMORROW MAY BE because living in such competitive arenas is liable to disappoint a man as time approaches.
Money is indeed a key word of man's status quo but it's better to maintain a sustainability for a long term going than living the high classes in just a short term else, you'd become a mockery in reviewing of your past and recalling your present status quo.

[Helena Yu]

You need to learn not everyone must follow your lifestyle because it's up to anyone choice.

There's a person who think live is short and he must try anything he can without need to think about money, so he will spend all of his money without thinking about tomorrow because he believe he can find a way to survive tomorrow.

Another person who life in balance, he spend a good amount of money for entertainment and save some for retirement.

And another ones who're an oversaver, he will spend as small as possible for his need and save as much as he can to retire earlier.

[Bravut]

Well said OP, the truth is us having inner peace with ourselves and trusting the process. If we do we will value and hold ourselves with a high self esteem because nothing is really worth bothering about, everything that you desire is achievable if only you we are ready and willing to be disciplined and put in the necessary work needed, living just to confined with the crowd is a big F, as you said Maintaining sustainability in a long run than a short term because once you fall, the crowd does not care anymore, the key should be relevance in all the period and not pulling yourself because of unnecessary pressure.

[Dr.Bitcoin_Strange]

Money is indeed a key word of man's status quo but it's better to maintain a sustainability for a long term going than living the high classes in just a short term else, you'd become a mockery in reviewing of your past and recalling your present status quo.

You don't have to live to impress others, first you have to impress yourself with what ever you can afford to provide. When one is still at their initial stage of chasing success, the person don't have to over strain themselves because they want to impress the public and at that point losing what they are still gathering. There's a saying that "you can't eat your cake and have it back" So, it is very important to first be content with what one have while still working on themselves to get to that classic level where they can splash money any how they want with looking at their pocket because they know that their is a well always available to replenish the pocket.

[jrrsparkles]

I just want to bring in different perspective, if you always be on the economical side then you must try atleast the experience of start hotel or exclusive suite once that will give you the need for you to earn more to live that sophisticated lifestyle than being in the middle class all the time. I am not denying we should be saving money on things even though if we can afford to buy on the other side if we used to always supress ourselves instead of making move can end up bad either.

[Zoomic]

Anyone who really loves himself should take this basic economic concept "scale of preference" seriously. It is very normal for us to wish for everything we desire, especially when our close neighbours have and are enjoying them. I need not remind us that our wants are insatiable so, trying hard to satisfy them all will only make us more miserable.

"Scale of preference " is the solution. Without trying to impress anyone, check your pocket and go for wants that are of more priority to you. You can live above your purchasing power if those you are doing it for are willing to foot the bills. We are already in a period where lots of countries are experiencing economic issues, the citizens of these severely affected countries need to make things easier for themselves by avoiding any form of competition.

[GideonGono]

We should live within our means, we could survive when our basic needs are being fulfilled, we don't need to overspend and borrow or loan just to enjoy our life.
For me if I couldn't afford it then I wouldn't buy it, if it is something that would ruin my budget then I wouldn't do it.
I know there are people who enjoys travelling or buying stuffs or even spending much on celebrations, I am fine with it if they have enough money for it, but if they would borrow after doing it or for it to happen then it is something that I wouldn't understand.
Why would they force to do it, if they couldn't afford it with their own money?

[Davidvictorson]

There's the saying that goes, "sew your clothes according to your size". Be thankful for what you've got work hard leave within your means love your family and friends and be happy because that is the stuff that life is made up of. It is not in the buying of expensive things to show off to people who barely care about us. Anyone who lives with the mindset of trying to impress another person would spend each second living in anxiety and that is not how life should be lived.

[crwth]

It's definitely a need to know financial management and not be affected too much by what you see on social media. I think that's what happens to kids or people who are addicted in social media. That they want to be who they want to see. I hope that it's not gonna be a problem for anyone here but it's important that you know how to be balanced in using your money.

Rewarding yourself from time to time is not bad but you need to be within reason.

[avikz]

Without pretence, how'd you feel being a low class admist first classes where public are being attentive?
Honestly, to some oppressive times, I actually feel like to afford the first class expenses in that period of time just for impression but my fear always goes to HOW TOMORROW MAY BE because living in such competitive arenas is liable to disappoint a man as time approaches.
Money is indeed a key word of man's status quo but it's better to maintain a sustainability for a long term going than living the high classes in just a short term else, you'd become a mockery in reviewing of your past and recalling your present status quo.

It is more of a psychological issue. With availability of cheap loans, it has now become very easy for a middle class person to live a great lifestyle. People who are living from pay check to pay check, are the ones falling into this debt trap. It is really very difficult for these people to overlook the society and live a lifestyle which matches their income.

If you are a bachelor, try to maintain a balance between your expenses and your income. Because once you are married, it is almost impossible for you to overlook the needs of your wife. Remember to take debt only when you are building asset. Never take out debt to buy car or iPhone.

[peter0425]

Without pretence, how'd you feel being a low class admist first classes where public are being attentive?

Back then, I used to be really worried about what other people thought of me and my financial capabilities. It was a bit shameful to say the least when you couldn't afford the things they could easily purchase without thinking twice about it

Don't feel ashamed of what you can afford, or you can't afford right now and instead work hard and give yourself and your family a comfortable life. A life you dreamt of.

[mindrust]

Income producing assets are the answer. If your assets don't produce any income, then you will have to sell them. Cash flow is all that matters in the long run. It is sad that bitcoin isn't cash producing asset but it doesn't have to be if you sit on a pile of coins with low initial cost. Then you can gladly convert your coins to FIAT to maintain your lifestyle. The best income producing assets are dividend paying stocks and real estate obviously. Just buy them a couple decades and you are good to go. $2m all in cash producing assets would retire you anywhere in the world.

[dunfida]

Without pretence, how'd you feel being a low class admist first classes where public are being attentive?
Honestly, to some oppressive times, I actually feel like to afford the first class expenses in that period of time just for impression but my fear always goes to HOW TOMORROW MAY BE because living in such competitive arenas is liable to disappoint a man as time approaches.
Money is indeed a key word of man's status quo but it's better to maintain a sustainability for a long term going than living the high classes in just a short term else, you'd become a mockery in reviewing of your past and recalling your present status quo.

You should put up into your mind.

"YOU ARENT THAT WORKING HARD JUST TO IMPRESS OTHERS"
If you are someone that who do have that kind of feeling and such making behavior then you would definitely be buying or dealing up with things on which it shouldnt really be supposed to be this way.
This is why on the moment that you would really be finding yourself having such behavior then sooner or later you would be able to see that those expenses you have done is really that not
something that will benefit you on long term.

Dont tend to chase other financial capability or capacity on which on the moment that you will be copying their lifestyle and how they do spend and then you are just
earning which is less than them, then you would really be having that hard time on coping up. In result? You would really be might be taking up some loans just to complete up on the amount
that you are needing just because you are trying out to impress others on how you do look on their eyes which i dont see for some fulfillment of this on trying out
to impress others. lol

[kentrolla]

Yes you have mentioned about the sad reality of our lifestyle as people need to understand that's they don't need to prove anyone else any point by living a lifestyle just because of social and peer pressure and getting themselves into debt trap. Credit cards and loans are the best example of how people waste money on something which they don't need and don't have sufficient funds to purchase, it's shocking to know that people with limited income are the ones who does show off to make them look like rich at the cost of debt trap which they have to repay until they die.

[Rockstarguy]

Without pretence, how'd you feel being a low class admist first classes where public are being attentive?
Honestly, to some oppressive times, I actually feel like to afford the first class expenses in that period of time just for impression but my fear always goes to HOW TOMORROW MAY BE because living in such competitive arenas is liable to disappoint a man as time approaches.
Money is indeed a key word of man's status quo but it's better to maintain a sustainability for a long. term going than living the high classes in just a short term else, you'd become a mockery in reviewing of your past and recalling your present status quo.

Life is all about planning,  when people fail to manage money it becomes a problem and a setback to get to the point where one is supposed reach. One thing in life when you fake it, it will be difficult to make it. Spending accordingly to what one can afford is wisdom but trying to impress people with what you can't afford is unwise which can even lead one going into debts to survive.  What one should be thinking about is making more money from the money that is available than wasting it on expensive things that won't bring more value.

It is a wrong mentality to spend money to prove to people that one has money, their is nothing to prove to people having money because whether their is money or not people won't pay your bills, so their is no need to impress anyone being rich.

[Samlucky O]

fear always goes to HOW TOMORROW MAY BE because living in such competitive arenas is liable to disappoint a man as time approaches.
Money is indeed a key word of man's status quo but it's better to maintain a sustainability for a long term going than living the high classes in just a short term else, you'd become a mockery in reviewing of your past and recalling your present status quo.

It is good for someone who is trying to meet up in life to leave a simple life, by leaving below there earning to be able to succeed. I came across a video online where a speech was made that the difference between the poor and the rich is that " the rich pretend to be poor to be rich, while the poor pretend to be rich to remain poor" this statement implies that those who leave above there earnings are liable to be poor because they can't maintain the little they have. While the rich always cut down expenses and leave a low key life to save alot and build empire.  to succeed in life we must be able to reduce the way we spend, by placing things acording to scale of preference.

Most times I see youth of nowadays who bearly manage to succeed in life, emediately any little amount enters there hand they start living a luxurious lifestyle. Though we have big dreams of how we wish to enjoy the fruits of our labour, but not every money that comes to our hand is a money for fun rather a money to start a better business that can fetch more money instead of ripping them off. In Summary " He who fails to plan, plans to fail"

[Zlantann]

Without pretence, how'd you feel being a low class admist first classes where public are being attentive?
Honestly, to some oppressive times, I actually feel like to afford the first class expenses in that period of time just for impression but my fear always goes to HOW TOMORROW MAY BE because living in such competitive arenas is liable to disappoint a man as time approaches.
Money is indeed a key word of man's status quo but it's better to maintain a sustainability for a long term going than living the high classes in just a short term else, you'd become a mockery in reviewing of your past and recalling your present status quo.

If you live your life to please others you will make decisions that will have adverse effects. People who live above their income because they want to have what others do will end up in debt and frustration. I don't live in a country that has a workable credit system, so you pay fully for most of the things you own. But recently some credit firms introduced a concept called Easy Buy where people can just deposit some money and collect items like phones, cars, home appliances, etc. The balance will be spread for some months. This has led to people buying on credit what they cannot afford because they want to be accepted in a particular social class. It is far better to manage the little you can afford and make provisions for savings and investment than to get peer acceptance without planning for the future.

[Winterfrost]

Yes you have mentioned about the sad reality of our lifestyle as people need to understand that's they don't need to prove anyone else any point by living a lifestyle just because of social and peer pressure and getting themselves into debt trap. Credit cards and loans are the best example of how people waste money on something which they don't need and don't have sufficient funds to purchase, it's shocking to know that people with limited income are the ones who does show off to make them look like rich at the cost of debt trap which they have to repay until they die.

OP said nothing but the absolute truth, living beyond our affordability is a wrong pattern to live, currently in this worst economy when price of goods and commodities necessary for survival is increasing. While spending we are supposed to understand that having aside savings and investments is necessary, that is the reason why most of us decides on investing into Bitcoin for the future. Our aim should be on meeting our needs then have fun but not more than it should be.

[Ever-young]

We should live within our means, we could survive when our basic needs are being fulfilled, we don't need to overspend and borrow or loan just to enjoy our life.
For me if I couldn't afford it then I wouldn't buy it, if it is something that would ruin my budget then I wouldn't do it.
I know there are people who enjoys travelling or buying stuffs or even spending much on celebrations, I am fine with it if they have enough money for it, but if they would borrow after doing it or for it to happen then it is something that I wouldn'it understand.
Why would they force to do it, if they couldn't afford it with their own money?

You are absolutely correct, in this life, we shouldn't do to impress anyone because when we go bankrupt, they won't be there to help us  instead they will mock us even insult us.

Even if some of them will help us, they will eventually be tired of helping us one day.

So like they said that " we should cut our coat according to our size" not according to other people's size, we learn to please ourselves than impressing others because no matter how good or no matter how we live our lives, people will always have something to say. So I think we should live to best of our abilities.

[Juse14]

You are right about that, we will never know for sure what we will be like in tomorrow, whether tomorrow will be better than today or vice versa. However, if we don't prepare for tomorrow as well as possible from the past, I feel quite doubtful that tomorrow will be fine.

And if we live only to fulfill what other people want, we live in pretense just to hope for praise from other people. Believe me, this will only make you more miserable. Therefore, live according to your abilities, live the way you want, and be yourself. Believe me, no one else cares enough about you, apart from yourself. Stop lying to yourself and living in pretense. They will only approach when you are up, while when you are down, they will disappear somewhere.