Money Mindset

Middle class vs Upper class

Middle class syndrome:

  • Buys mercedes benz on loan (e.g 100K)
  • Depreciates probably 15K pa
  • Looks fabulous

 

Upper class syndrome:

  • Invests the funds into a good blue chip investment
  • e.g. a house, will appreciate in capital for e.g. 7% pa
  • e.g. a blue chip stock, will give dividend for e.g. 5% pa plus capital appreciation for about 7.5% pa

 

Middle class syndrome:

  • Work for people
  • Gossips, play politics

 

Upper class syndrome:

  • Work our asses off for ourselves
  • Produce results because it is literally our asses on the line

 

Middle class syndrome:

  • Keeping up with the jonesses

 

Upper class syndrome:

  • Keeping up our standards
  • Own those brands that the middle class buy