The big problem with this ‘Status Badge Game’ is that in an attempt to look successful to others, many people fall into the trap of purchasing status badges instead of managing their money wisely in order to achieve true financial independence.
One of the best decisions you can ever make for yourself and your family is to elect not to play the Status Badge Game.
Let’s take a look at an example that illustrates what this means in the real world.
It’s important to note that deciding not to play the Status Badge Game is not about becoming a cheap miser who refuses to spend a cent.
Instead, it is about identifying items that represent good value for money without paying the large overheads necessary to accumulate high status badges. Always remember to:
“Shop for Value, Not Status”
By applying this simple financial philosophy to your personal items, your clothes, your car and your home you can save many thousands of dollars over your lifetime. You can then redirect this money into acquiring income producing assets and enjoying meaningful life experiences with the people you love.
So today I’d like to encourage you to see the Status Badge Game for what it really is – An elaborate conditioning process devised by savvy marketers attempting to maximize company profits.
As soon as you understand this and make the decision not to play the Status Badge Game, your whole perspective will shift. You will find yourself free of the burden of ‘keeping to others’ and will soon be on the path to achieving true financial freedom.