Savings and Expenditure. I had a conversation yesterday about how the west is a place where fortunes are built by their own hands. Mainly because they don't save for anyone and live off what they earn. By not saving, it doesn't mean you live on debt and credit cards but living life on the edge. Not everyone has the power to keep their fists clasped as soon as they deposit a cheque, see the rising account balance and do nothing about it. I mean necessities are fulfilled but we don't spend on our wishes, thinking we might not be able to afford it ! So there are two types of people,oh actually three.
1 : People who don't spend. At all. They spend their lives saving up and ultimately they die mediocre and pass on all their hard earned money to someone else.
2: The off spring of (1) who spend their ancestors money lavishly and save and invest their own in turn becoming economically a comfortable class.
3: The off spring of (2) who has been raised and ruined by this very society which has provided them all the comforts, but not the wit to make their own legacy. They want to but they can't.
These are of course not the only kind of people who earn money but it pretty much relates to what I wish to talk about. None of my points might be perfect but I think I fall somewhere between being a no.1 and no. 3
I want to save money before I spend it. I have a wishlist,a huge one and I might have the money at some odd times but not the heart to spend it impulsively. I have been called a miser sometimes and a shopaholic. But having seen the people around me. Baah. Not a shopaholic. I have often found myself contemplating whether the things I desire are worth the price tag on them! I dig down a beautiful dress which would have the perfect cut, the perfect sleeves, probably 10% overpriced but generally worth the look and bang when I am about to hit the pay button! I stop and calculate: Cost of Cloth + Cost Of Stitching + Cost of Travel and Effort = I can make this dress on my own in about half the price. *Perks of having a good tailor*
BUT, the but is I never do and that makes me 1. Not having the dress 2. Lazy.
Coming to the (3) type people. When I find myself contemplating over a Rs 1000 dress.I see others my age, probably richer[because of (2)] but that's not the point. I see them buying off a freaking "eye pencil" for the same amount,without guilt instead a deep sense of satisfaction. Now how does (3) make money? Because at some point in life, monetary help will stop and you have to make money by yourself. To what I have noticed, these guys make money by others, by fooling innocent people and taking undue advantage of many kinds of ( 1 &2 )'s in their lives. They will not want to utilize you for your own gain and show you down about how you messed up. They have a self satisfying ego which will keep boosting and boasting their futility. These people are selfish and cannot live without monetary support, they take to binge expenditure etc. I cant judge them but I can say no one should take advantage of anyone. Or even if you do, have grace to respect the other. Also, a loss is shared in the same way as a gain is. On that note, my new year resolution is : Self Respect is Earned and Taken not given or distributed.