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I got this one from the library, along with the Beardstown Ladies Guides to investiments and investment clubs (see the financial section)
This was really interesting about how Americans end up making more money than the rest of the world yet some humongoud percentage can't pay their bills, can't save any money, etc.
Her premise is partly that because of the explosion in cable, internet, "living' magazines that people making 30k and people making 300k and people making 3mil are all 'competing' for the same 'stuff'. So the guy making 30k buys knock offs and his car is the Hyundai version of the luxury sedan, and the buy making 300k wants everyone to think that he's making 3 mil and the guy making 3mil goes out and spends it on showy stuff.
It's kind of like the Trickle Down theory of econmics, but in a bad way.
Anyway, it's kind of dated but I thought it was very interesting and it made me much more mindful of where I get my 'I NEED ____' ideas. (For example- I decided to possibly tile the backsplash in the kitchen- so I'm online looking at the Design Center in DC. I was reading the book concurrently and suddenly I'm struck- why in the hell am I looking at 25 bucks a square foot tiles for a house that I'm selling? Her theory would have me looking at the super expensive tiles, then 'settle' for some 'medium level' [still stupidly expensive] instead of choosing less expensive options to start. and I was textbook!)
Jenn
This was really interesting about how Americans end up making more money than the rest of the world yet some humongoud percentage can't pay their bills, can't save any money, etc.
Her premise is partly that because of the explosion in cable, internet, "living' magazines that people making 30k and people making 300k and people making 3mil are all 'competing' for the same 'stuff'. So the guy making 30k buys knock offs and his car is the Hyundai version of the luxury sedan, and the buy making 300k wants everyone to think that he's making 3 mil and the guy making 3mil goes out and spends it on showy stuff.
It's kind of like the Trickle Down theory of econmics, but in a bad way.
Anyway, it's kind of dated but I thought it was very interesting and it made me much more mindful of where I get my 'I NEED ____' ideas. (For example- I decided to possibly tile the backsplash in the kitchen- so I'm online looking at the Design Center in DC. I was reading the book concurrently and suddenly I'm struck- why in the hell am I looking at 25 bucks a square foot tiles for a house that I'm selling? Her theory would have me looking at the super expensive tiles, then 'settle' for some 'medium level' [still stupidly expensive] instead of choosing less expensive options to start. and I was textbook!)
Jenn
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