What is the Purpose of Being Wealthy?
1% of the world’s population would be considered wealthy in their country. They hold all the money and therefore, most of the influence. The rest fight over what scraps are left in the hopes that one day enough will be attained to help their ascent to the top.
The purpose of wealth is to have everything but where do you stop? At what point do you say that enough is enough and use your influence to help others?
The west is the home of capitalism. The home of consumer culture and the home of greed. We have spread this ideology across the world to raise our children with the thought that more is better.
The latest toy is better than the last and we will do everything that we can to get hold of it. If that means dipping into our credit reserves, then that is what we do. We are conditioned to believe that we need the latest television or gadget, despite the consideration that our current tech works well.
Capitalism raises us to believe that more is better. It will fill that gap in our lives. If you come across an emotionally upsetting time then buy yourself something. What is better than a little ‘Retail Therapy’?
Is Retail Therapy Good for us?
On average I have around £6,000 a year (after taxes and bills) to save. I have been working for ten years and therefore I should have been able to save £60,000. Have I?
It is hard to quantify over all of these years. You need to take into account holidays and gifts, but even a fair estimate of a third of this to remove leaves £40,000. Do I have this amount sitting snugly in the bank account?
I have negative £14,000. A fair old sum and granted, a third of this is money that I owe my Mum, yet still, when you think that you could have £40k saved, it is a humbling moment in life. So where has all the money gone?
Living Out Your Childhood
Growing up we did not have the latest tech. The first Gameboy that I had was the chunky original and this was not…