You probably find it a bit exciting to imagine what it will be like being totally debt free with money in the bank and having not a care in the world knowing you have your nest egg, right?
There was a time I couldn’t possibly spare a thought about having money left over at the end of a pay period when I struggled to put food on the table. However, once the momentum took hold and I started to pay off the debt, my thoughts did wonder to the possibilities of buying some quality furniture and maybe a new car at some point in the future. Not because the JONES’ have them, but because of the old adage “You get what you pay for”.
Just last weekend we replaced the television stand I bought for thirty dollars eight years ago. It was the cheapest (plastic) thing I could find to replace the kitchen chair my television once sat on.
It got me to thinking “What happens when people notice we have nice stuff?”
I am reminded of conversations I have overheard in the past about other people and their wealth. For example, a frugal person creates wealth but is seen negatively as a MISER or SCROOGE. Unfortunately most people don’t grasp the concept and choose the proverbial ‘tall poppy’ recourse by thinking ‘spending’ is good. Unfortunately there is no way to avoid them. The secret is not in justifying your success but in embracing it.
Knowing there will always be haters means you need to engage with them in a way that is an extension of your philosophy around money and debt. Understand your story and the trials you endured in climbing out of the debt pit and always be open to educating others. Most people ‘wish’ they could live a financially free life but very little people take the first step towards it. They become locked into a self-proclaimed cycle and frustratingly express a disliking to someone who ‘made it’. Even Jesus had haters.
I am reminded of a story about a young man who delivered pizzas at ten dollars an hour and managed to save enough for a deposit on his first investment. Now he is a millionaire at twenty eight years old. Reading the comments section at the bottom is evidence of people’s scepticism and logic when coping with a story of success.
“I smell BS…how can he get a loan for a house with just earning $10/hour…..from the bank of ‘Keep Dreaming’
“He still looks like a pizza boy, and give it time he will be again.”
“Smart lad! But he really need a new haircut, tan and wardrobe change”.
How will you deal with your success?