4 Main Money Philosophies: Which One Matters To You?
- By
MadameNoire
Money Status
Source: Eva-Katalin / Getty
Money status individuals suffer from the keeping up with the Jones’ illness. They see how much money they have and how nice of things they own as a representation of their self-worth and personal value. This group also tends to carry high credit card debt and is prone to making risky investments in the hopes of rapidly acquiring wealth.
Unfortunately, this philosophy tends to bring more misery than joy. Research published in The National Library of Medicine shows that materialism and compulsive shopping is associated with higher rates of depression.
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