Money is prioritized differently by the wealthy and the broke
Wealthy:
1st - Needs
2nd - Investments
3rd - Wants
Broke:
1st - Wants
2nd - Needs
3rd - Investments
Which direction are you heading?
Money is prioritized differently by the wealthy and the broke
Wealthy:
1st - Needs
2nd - Investments
3rd - Wants
Broke:
1st - Wants
2nd - Needs
3rd - Investments
Which direction are you heading?
I think "Broke" people will also put "Needs" first... Just that the "Wants" is a closer second than someone who thinks forward to their wealth.
Fair point. I think for some "broke" folks, needs might come first, but wants often creep in real close, sometimes even overtaking. It's easy to get caught in that trap when you're not planning ahead
You are wrong in your analysis. The broke are confronted with their needs, not wants.
The wealthy also fund their wants many times.