Wheels & Deals Home » Why Rich people hire poor cars and poor people hire rich cars
If you had to go into business for yourself you would notice that most rich people will be more spend thrifty with their money than poor people and will tend to look more to future plans and saving for those plans than poor people will. Why? A simple word but one that is really, really difficult to answer, I ask around and read different articles and the one point that always jumps out at me is that poorer and less well off people always need to show that they have something. Is this in some way a way to show that they are a somebody and not only a statistic or is it something deeper, a need to belong to a class that is all about status and very often a status that is out of their grasp?
Signifying that you belong to a status group without having the status of that group is just about the quickest way to bankruptcy that I know of. A friend of mine calls this group of clientele his BMC’s (broke middle class) as they are often the people that would come into his company and try and hire the BMW’s, Mercedes Benz and even go as far as trying to hire a Ferrari. This class of people do not care how much they spend and will very often max out there new credit cards to show their status to their friends and family, who by the way are already aware that they have a lower salary status then the one they are trying to portrait.
What is it about this socio economic status symbol that causes people to want to continuously change? According to http://psychologytoday.com/articles/pto-19990901-000003.html a growing body of research has found that this status actually impacts your physical health. Without going into psychological jargon this writers understanding of the above article is that people who know that they are on a lower social standing then those around them and continuously try to better that status tend to be more stressed and through these stressors they are more prone to stress related illness such as certain cancers, heart attacks and so forth. The most amazing thing is that those that accept there socio economic status tend to be far less stressed by theses issues and seem to be far healthier and happier in their daily lives.
Somebody once said to me that there are 4 stages to richdom, firstly there is the rags stage where a person is poor but on the up and up. The next stage is the middleclass comfort stage where the person tends to be living a better life, with better opportunities and more money to use for minor comforts. The third stage is the flash stage where the person has achieved the status that they have been working so hard for and now needs to show everybody that they meet that they have finally made it big. The last stage funnily enough is a return to the first stage where a person has become so comfortable with the status he/she achieved that he/she doesn’t feel he/she needs to show it off anymore but returns back to his rags routes where although he/she has money and can afford anything he/she wants he/she goes back to a status where he/she was most comfortable.
So although it is always good to improve who and what you are it is just as good to accept your current situation and live within the means to that situation until something better develops.
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