Brian Kaskavalciyan explains why going into debt for a Ferrari or designer watch doesn't make you wealthy. He describes LA residents driving luxury cars while renting modest apartments, choosing to look rich over actually being rich. Real wealth means building financial security, not performing it.
I didn't understand what a million dollars was. I didn't understand what it was going to do for me. I just knew I wanted to be a millionaire, you know, because I thought I could buy all this cool shit. Well, you could buy the cool shit, you know, you can always go get a Ferrari, you can always go get cool whatever, you know, nice watches and all of this. You just go into debt and anybody can do that shit, but that doesn't make you a millionaire. And how many of these people do you see out there that drive Ferraris but don't have a pot to piss in? How many people are out You know, this is a big thing in LA is you got people that are driving around in Mercedes but that live in crappy little apartments. Well, for them, it's more important to look like somebody than to actually be somebody. And so they live their whole lives that way until somebody makes a decision and says, wait a minute, this is not working for me anymore. I need to now go and look at how do I become this person?
