Which would you rather be?
Driver number 1
- drives the 2013 Honda Civic that he has paid it off
- has a 2 bedroom house with no mortgage
- makes $50,000 a year
- has excellent credit
Driver number 2
- Drives the Mercedes AMG, has 5 years left to pay it off
- Has a 5 bedroom house with hundreds of thousands left to pay
- Makes $200,000 a year
- Has poor credit
Sadly many people would choose to be driver number 2 because of what it looks like in spite of the reality that driver number 1 is more wealthy.
Don’t lead others into a perceived image of yourself. Don’t live beyond your means just to portray a perceived image. Your circumstances will never change until your thinking is changed.