Discussing Diverse Economic Behaviours Of When & When People Do not Have Money
Money & Tendencies
I have studied a lot of economics behaviours from people and one of the most surprising of all of them is that people tend to lack ideas when they have money and of course full of ideas when they have no money. The proper way to spend money is an inculcation of one's ideas into their behaviour and inasmuch as we do not value having the proper ideas inculcated into spending money.
Sometimes we need a high level of discipline because money in itself brings a certain kind of freedom which makes people spend unwisely when they haven't been financially disciplined. So the reasons why people feel lack ideas when they have money is majorly because they're not disciplined; discipline entails spending on the right track especially if one has a scale of preference.
Truth is, the amount of money one has or the level of earning power one has often determines the extent of their cravings, desires and wants. We have realistic desires and we have unrealistic desires; realistic desires are those type of desires that are within your purchasing power either you're broke at the moment or not.
How we measure the level of a person financially is not by how much they have at hand or in the bank but by how far they can solve a problem with financial means no matter the cost. So sometimes a person can be broke but have realistic desires, this means that their worth is capable of handling that particular desire even if they will have to do so at the opportunity cost of other things that needs to be financially sorted.
Habits & Behaviour
However having an unrealistic desire is craving for something that a person can not have because it is not in their financial power to actually acquire it. However having realistic desires can be dangerous. While our desires are numerous and uncountable our needs are somewhat limited and definite.
But then when people have money they lose sight of what is more important this is simply because they believe the most important things will definitely be sorted out and hence they need to feed their discrepancies. But then because of our insatiability we need to inculcate discipline when we're suddenly bouyant. People's spending habits changes when they newly recieve their salaries and it also changes when these salaries are now depleted, why is this?
The feeling of having money can be dangerous this is to say that money do not just make people feel safe, it brings out ostentatiousness in them and that is why thorough financial discipline sometimes is necessary in economics. There is no one that cannot become poor again no matter the amount of money they have.
This is because for every amount of money a person has, there's always a desire to spend unwisely. Most wealthy people spend not Just to take care of a need but to fulfill a desire, a craving and a want. This may sometimes seem really baffling nevertheless totally factual and true. People begin to crave the highest stage of comfort she grandeur especially when the money is there and that's why rich people are never satisfied with whatever they have.
Money; What Is More Important
At the end of the day having ideas is not about knowing what to spend on, it's about realising the right things to spend on. This might not really be applicable to wealthy people afterall, it's economics and scarcity. The reason why we need economics in the first place is because of scarcity. However at the end of the day it's important we have rigid behaviour when we have and when we do not have money.
People easily change when and when they don't have money and this shouldn't really be so. People shouldn't change because of money. Studying an in-depth economic behaviour of others often helps to develops ones concepts on money and finance but then having discipline all the time should always be the topmost priority.
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Great post