There are many kinds of money traps out there for you to fall into and they make it pretty convenient for you to do so. The strategy they use is to prey on the human condition. People have an imagination that allows them to ride dragons and punch through steel walls which makes it really easy to imagine that you can successfully pay for something when you might not be able to. We might possess negative thinking but when it comes to something we want that is easy to get into, we’re glass half full.
Ya, I’ll just put it on my credit card and if I skip dinner every day for the next month, I’ll be able to pay it off. I can do it.
The mentality you need to screw up your finances is the same mentality you need to be successful. You don’t discourage yourself by thinking about how much work is needed to get to the end goal. The most vital step is to start now and take it step by step.
Really? I can get this car by making payments? Hmmm..I can do that. But I might not be able to afford gas but I’m sure it will all be okay. I’ll just fill up $5 at a time.
Let’s have this kid. I’ll get extra shifts and everything will be okay.
No one feels any sympathy for someone who blew all their money on a new car and ended up living in poverty because of it. But if you have a kid and you’re both eating Chef Boyardee every day for dinner, you will get enough sympathy to possibly make it on the evening news.
If I blew my money and sensibility on a new automobile and another person is starving because they can’t afford to support themselves and a kid…what’s the difference? We both made bad choices and we were in our power not to make them.
But that’s the thing. A new automobile is seen as a luxury and having a child is seen as almost a necessity or rite of passage. What if I love my car and it’s my only reason to live? Why shouldn’t I get donations and sympathy? I clean it, feed it fuel and bring it to the mechanic for check ups. When it spits up fluids, I clean it with a clean cloth. It’s my baby and I’m a single owner.
I’m only messing around. Sort of. What are you doing having kids though if you all have to live in poverty? It’s not selfless or selfish, it’s just downright mean. Being broke and having kids is like agreeing to be in debt except the interest payments end only when the kids die.