Okay fellow poor people, show of hands: when you check your bank account and see you have more money than expected, who else immediately thinks about buying something nice even though you know you should just save it?
I think it’s this thing where…. when poor folks have money, they immediately try to turn it into a tangible asset. Because then you have a THING and the THING is less likely to go away as quickly as intangible money.
Yup. That’s what I do.
I do it too. There has actually been a study that showed that poor people tend to spend their paychecks faster, also. It’s probably because we’re not used to having much money, so when we do, we think the first thing we should do is BUY SOMETHING NICE that you know you DON’T NECESSARILY NEED but you want desperately.