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Eric Siu argues that status items like designer clothes, fancy cars, and luxury watches are poor investments that drain your money without building wealth. Skip them.
Eric Siu argues that status items like designer clothes, fancy cars, and luxury watches are poor investments that drain your money without building wealth. Skip them.
What else do people waste money on? Generally status. Anything to make you look like you're better off than you are is typically a waste of your money, right? So like if you're buying designer, you're trying to drive a nicer car than you should, you're buying fancy watches, fancy necklaces just to show off, it's probably not a good investment.
