Wealth is very good no doubt,infact i believe that at least 99% of people all over the world would love to be wealthy if they have the opportunity so that shows how important the wealth is....
A wise person once said that The rich keeps getting richer because they act like they are poor while the poor keeps getting poorer because they act like they are rich...
The first time i heard that,i was thinking deeply about that statement,and then i realize that many people live their life to please others or try to show off to others and during the process they spend more than they can afford and that affects their financial life negatively..
They do not have a preference list,they just want to keep spending and spending just to give people impression that they are financially capable while they are runing their financial kingdom..
Many people do not even care about investments for future purpose because they are more concerned about the moment and how they can wear the latest designs,drive the latest cars,go to the most expensive hotels,etc..that has made them to spend more on liabilities instead of assets...
I have personally seen some people that can spend 50% of their earnings frequently on liabilities just because they want people to have the impression that they are rich and living a wealthy lifestyle...this era of social media have even made it worse...
Always remember that your future is more important than anyone or people that you are trying to impress...
Learn to invest rightly for your future,and you will be glad you did that...
Goodluck
