I just noticed that the modern society loves acting rich. People adopt fake lifestyles to boost their social image and make others believe they are wealthy. Little do they know that acting rich is bad because of the following effects:
- Excessive Spending
The first catastrophic effect of acting rich is excessive spending. Many people who pretend to be rich often spend more than they earn because they continually buy expensive things to maintain their ‘rich’ status. Such individuals also spend extravagantly when they are around people to prove their ‘wealthy’ status.
- Excessive Borrowing
Since I started handling money, it dawned on me that most people who love borrowing money act rich. One thing I also realized is that these individuals seldom pay their debts because they have too much debt.
Pretending to be rich is an expensive thing because it makes you spend more than you earn. When you continually spend more than you earn, you’ll have to constantly borrow money for you to meet your daily needs.
- Fake friends
You’ll attract several fake friends if you love acting rich.
Some people love having friends who recklessly spend on them. These people will only stick around when you have money to spend. However, they’ll be nowhere to be seen when you go broke.
Besides this, such friends will never be available when you are in need of emotional or financial support. Moreover, they’ll never tell you to control your spending habits and focus on securing a better future because they’ll always want you to spend on them.
- You Will Never Invest
You’ll seldom invest your money if you always act rich because excessive spending and borrowing will result in you having no money for investing. Furthermore, because your focus will be on looking rich, investing will be the last thing on your mind
- You Will Never Be Rich
Ironically those who pretend to be rich die poor because of excessive borrowing, lack of investments, and overspending.
‘Pretending to be rich can make you poor, learn to live within your means.’ – Alux.com
- You Will Be Materialistic
Pretending to be rich makes you a materialistic person. You’ll be so obsessed with material things because you’ll depend on them to look rich.
Being materialistic is bad for you because it results in hopelessness, unhappiness, self-centeredness, and selfishness. Besides this, you’ll never be satisfied with whatever you have if you are materialistic.
With this in mind, we must stop acting rich because of the harmful effects of this behavior. We must accept our current financial positions, save more money, invest in productive projects, and riches will surely come.
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The 5 Major Stages You Must Go Through When Chasing Your Dreams
After studying the biographies of many successful folks, I realized that all of them went through the same stages of dream chasing regardless of their socio-economic status. I summarized these stages into five stages which I believe you’ll also go through if you are chasing your dreams.
Here are they:
Stage 1 – Idea
Here, you’ll give birth to a great idea that you’ll want to turn into reality. For instance, if you are an aspiring writer, you’ll want to turn your thoughts into a best-selling book, and if you are an aspiring entrepreneur, you’ll discover a wonderful business idea which you’ll want to turn into a successful company.
Stage 2 – Enthusiasm
After discovering the idea, you’ll visualize the life you’ll live when you’ll achieve your dreams, and you’ll tell your friends and family about this life. You’ll then research on how you’ll turn your idea into reality, and you’ll start working enthusiastically because you’ll want to live your dream as soon as possible.
Stage 3 – Disappointment
After working for a period of 6 – 18 months, you’ll be disappointed because you’ll make little progress despite working hard. For instance, if you are an aspiring vlogger, you’ll realize that getting 10,000 subscribers is not easy, or if you are an aspiring entrepreneur, you’ll be disappointed because your business might fail to make profits.
Besides this, you’ll realize that dream chasing demands funding, but few people are willing to support you. Primarily, you’ll realize that it might take longer to achieve your dreams. These challenges will make you want to give up.
Most people quit chasing their dreams at this stage.
Stage 4 – Perseverance
If you really want to achieve your dreams, you’ll decide to persevere. You’ll face obstacles fearlessly, and you’ll commit yourself to overcoming them. Besides, you’ll avoid everything and everyone that might prevent you from achieving your dreams. Also, rejection, failure, and naysayers won’t stop you from working hard.
You’ll also realize that only those who persevere achieve their dreams, and you’ll work like hell. Moreover, you’ll strive to make the journey enjoyable so that you don’t give up.
Most folks make their journey enjoyable by making friends with like-minded people.
Stage 5 – Success
After working for a long period without quitting, you’ll become highly skilled, and many people will love your services/products. If you are a writer, many people will be willing to buy your books, and if you are a businessman, people will be interested in your products. You’ll then use the money you’ll earn to buy whatever you want and travel wherever you want. You’ll be so fulfilled.
It’s easy to dream, but difficult to achieve dreams. Most people quit when they realize they’ll have to work for a long period before they achieve their dreams. Only those who persevere succeed because they never give up. We must thus join the perseverers if we want to boost the chances of achieving our dreams.
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Top 6 Reasons Most People Can’t Persevere on the Journey to Success
Perseverance refers to the ability to work persistently towards one’s goals despite facing difficulties.
After studying successful people for five years, I realized they all persevered since they never gave up despite facing obstacles. Nothing stopped them from working towards their dreams.
Besides successful folks, we can also persevere, but most people can’t because of the following reasons.
1.People Don’t Study Success
Studying success enlightens you that difficulties, failure, or discouragement are part of the journey hence enabling you to work in spite of their presence. Moreover, studying success shows you that only those who persist succeed hence motivating you to persevere.
2.The Lack of Self-Confidence
Most people can’t persevere because they lack self-confidence. They doubt their abilities and skills and give up easily when they face obstacles.
Successful people persevered because they believed in themselves. They believed they could overcome obstacles and thus continued working towards their goals when obstacles arrived.
3.The Myth of Overnight Success
The myth of overnight success has resulted in the inability to persevere because it makes people think success comes easily. This myth has made aspirers believe success arrives soon after they start working towards it. For this reason, most aspirers give up when they realize that they’ll have to work for a long period and overcome several difficulties before success arrives.
4.People focus on the Outcome
Most individuals can’t persevere because they focus on the outcome. It’s hard to persevere when you focus on the results because it usually takes long before we get the results we expect. People who persevere, focus on the process instead of the results. They know they’ll get the results they want if they forget about them and work on their skills.
5.The Lack of Passion
People who hate their work seldom persevere because they focus on results and misinterpret difficulties. Furthermore, they easily get bored with their work hence making it difficult to work when they face obstacles. Conversely, passionate people persevere because they are obsessed with their work and perceive difficulty as a chance for growth.
6.Focusing on the Possibility of Failure
Focusing on the possibility of failure prevents people from persevering because it discourages them from working towards their goals when they face difficulties.
Most successful people focused on success: they believed they’ll succeed no matter what, and this belief motivated them to continue working in spite of discouragement.
It’s easier for people to work towards their goals when everything is going well. However, most people get discouraged when the going gets tough. The ability to work when it gets tough is what sets successful people apart. We must, therefore, master the art of perseverance.
If you don’t give up you can’t fail.’ – Menna Vaan Praag, Successful Author
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