About 3 Sundays back, I came across this chinese article that talked about the current financial crisis. In it, one sentence caught my attention. The author said for those who are rich, you may lose money and not spend it on yourself. On the other hand, those who are poor tend to spend entirely on themselves.

I gave some thought to it and there seems to be a lot of sense in this. Most of those who are well-off will usually accelerate their wealth with various exotic financial instruments. From stocks, unit trusts to complicated investment plans, it seems like investment products can now rival the spread of goods in a hypermart. However, the recent collapse of Lehman Brothers has led to a number of these products becoming devalued. If you were one of the unfortunate investors, the money would have been lost even though it had not served you at all. This amount of money was suppose to grow and see you through your retirement or the next branded bag. Now, it is just a statistical null.

Contrast that to those who are barely making ends meet. Every single cent is prudently thought through as to where it is being spent. The thought of investing in financial products who probably have not crossed their mind. In that sense, every cent is being spend on yourself, does that not give you greater possession of your hard money and make you a more satisfied person?

Give it some thought