Owning Things: The Proof Of Being Truly Rich.
Sometimes back, I read this amazing post by @takhar and it talked about how things we liked to own might end up owning us.
This is a direct impact of the consequences of wanting to own things without defining what these things are: assets, liabilities, or even investments for the future.
However, one thing I can say is that about people is that we like to "own" it's in our core to market territories, set boundaries, setting aim so certain claims. This is because when people own, they feel a sense of direction to identify themselves financially.
The Concept Of Ownership
The concept of ownership often defines people, it doesn't just provide a sense of warranty, it brings safety
The idea that one is an owner of something that holds value brings guarantee and freedom, as well as the ability to express oneself.
This means that the way we often act, our behavioral tendencies, and our attitudes are often dependent on the things we have. They say poverty is what hides the true identity of a person and this isn't far from the truth.
Having the assurance that our actions might not carry any consequences, gives us the freedom to express without cushion. When people are poor, it limits them to certain predictable behavioral tendencies.
Money & Character
However, when people have money, they become largely unpredictable and this is because of the assurance they have in the things they own.
For example, a person whose relative is a lawyer hardly shies away from court cases because they know they'll be represented. In this instant, it is no longer what we own, but who we have. When we have important people in high places, we often boast about them.
Even if they do not financially impact us directly, we still feel that having them in our lives in emergencies can come in handy.
The Assurance & Confidence Of Owning
So owning, having things, or the capacity to purchase things brings a certain confidence, this is why we are obsessed with "owning" because sometimes it's not really about the utility but the safety and assurance these things offer.
For example, when people are wealthy, a part of them wants to display this wealth and the easiest way to do it is being "owning".
The truth is that some people only feel that they are wealthy when they can showcase their worth, if this societal validation isn't there, it takes away the thrill of wealth.
People are mostly overwhelmed by volumes, numbers, and proof, and because of this fascination, we prefer to be measured by certain metrics.
When it comes to things we own, there's a societal validation that comes with being defined and affiliated with material things even when they hardly matter.
people do not only wish to own things because it's comfortable or useful, they do so to also create external attention about how much they have or what they're worth.
Sometimes we knowingly do this, some other times we subconsciously do it. "Subconscious" in the sense that it's an innate desire.
The Societal Validation Of Ownership
When we own or have things, the urge to brandish them is always underlying. This isn't just about money alone. When people are beautiful or very attractive, they're mostly used to making it the center of attraction to everything they embody.
This is to say we can go from things that are financially tangible to abstract things, but most of the time, being an owner or a possessor comes with an economic affiliation.
It's a default economic behavior that can grow or depreciate according to how we grow or tame it.
Interested in some more of my works?
Reviewing A $400 Samsung Galaxy A72 (photos Included)
Hive's Scalability & The Compromise Of Commitments
Money: The Consequences Of Making The Right & Wrong Decisions
The Nigerian Economy: Monopolizing Incompetence
The Experiential Process of Understanding Money
A Case Of Theft On Hive: Here's Why Some People Choose Scam.
We all want to own things and they are costly to maintain. I prefer to just get things that provide me value and anything else can wait. I would rather get ahead on investing and achieving financial freedom over wasteful spending. Either way, I have been seeing a future where we own less and less. It reminds me of how we can buy digital games but they can also get pulled down whenever.
You're right, through thr advent of technology, we can actually own less things while having more. Well your preferences are wise and apt. Some people will just choose to own anything, provided it gave them the validation of wealth or being rich. However a lot of times, these things becomes burdens and difficult yo maintain, just like you've said
I used to doubt this but I've had reason to see it as the truth. If someone is kind and compassionate, give him a million dollars and if he still maintains those attributes, then that's who he truly is.
There's a world of information here but what I've essentially picked is that people's characters are defined by two things, what they have and the people they know but if you push that materialism aside, we'll be able to understand who we are as a person and the values that are important to us.
Sincerely, people are their true shelves when they have money and there's no reprisal or consequence to what they'll say or do. One of the reasons why people are different from who they use to be is when there's a positive or negative change to their finances.
Money buys assets, hopefully people are buying assets that hold their wealth or increase in value.
Not a lot of people are aware of this. Some people owns bulk whether it's valuable or not, not caring the repercussions or whether they're truly holding assets or liabilities.
Interesting read! I'm amazed by how our character changes when we own or have people in key positions. We suddenly assume a larger than life character in almost whatever we do. I guess owning things is sort of a booster in a sense that the value or worth we innately have is multiplied.
Thanks for the mention :)
Yeah, sometimes in these critical situations, value becomes subjective. I guess we can cut people some slack as financial education isn't something that can be learned in school.
You're welcome, that was a nice post.
Yes yes! It's all not conscious too. So we can only hope that experience becomes the best teacher.
Those who are truly successful (becoming richer rather than maintaining their earnings or having them decrease) invest. Yes they own nice things, but they live within their means.
The people you described might have a lot, but they're risking a big crash. Especially the one who takes legal risks due to knowing they'll be properly represented!
This post has been manually curated by the VYB curation project
Yes, in the second part of this post, I'm going to be talking about people who are truly successful and how the financial education they've acquired have wired then differently to be true owners.
This is particularly true and this reason is because they do not have the knowledge that could realign them. Sometimes it's mostly the lack of exposure and sometimes it could be something more.
Thanks for curating.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.
Thank you
It's so funny how our character changes when we own things. It brings some sorts of confidence and freedom which makes people feel nothing would happen even if they cross the limit, but I feel there are some levels that what you own cannot save one when you excessively cross the boundary or limit.
This made me remember years back when I did post utme in Unilorin, my aunt knows a professor so well. After the whole stress, I wasn't admitted. This made me say what I said above that there are limits, no matter how much you own something or people and we shouldn't rely much on those possessions.
Well, people boast of what they own, this is very natural. Sometimes the only mistakes is not understanding when one of these things are assets or liabilities. At the end of the day, we end up on the losing end.
That is it! The best is understanding and one would be free.
Great article, owning things is great and that's what every human aspires to. The disadvantage as you said is when things own us. Many celebrities have so much that they end up being addicts of drugs, they own so much and no one can tell them anything so they finally end up destroying themselves. We have many examples of this. Self control and discipline should lead the way as people acquire and own stuff, there should be no space for greed and other vices.
Thank you for sharing and keep enjoying your day :}
Having said that, self control and discipl
This can often create negative expressions as well as positive. I think in many instances, people don't actually "own" the things they own. They are acquired on credit, and so the saying of "being owned by the things you own" becomes ironically true, in this particular instance anyway.
Yeah, you're right. However I do believe it might vary to some extent. In Africa for example people outrightly own things and they pile these things and eventually live to sustain these things app their lives, even if it should be the other way round