Over the years, there have been several dynasties that have ruled the world
Some dynasties have been more popular than others.
But all dynasties must come to an end.
There was one dynasty that recently died...very quietly. Honestly, I wasn't sad to see it die.
The BLING DYNASTY is dead...thanks to this 2 year recession that we've had. I'm glad to see it go. The bling dynasty had a lotta people fooled and confused. People thought that it was here to stay. They were wrong. Too much flossing. I'm not saying that it's not cool to have nice things. I'm not saying that at all. You just have to be more practical about how you spend your money.
Why buy a $50,000 car that you have to park OUTSIDE in your apartment complex? If you spend that much on a car, you should park it INSIDE your house (garage). Why spend that much on a car note when AND rent when you can use that money to own a house?
Why spend a ton of money on clothes? Well...I know that most people shop and buy clothes and feel good while doing it. Most people aren't practical about what they buy. For example, I may be one of Michael Jordan's biggest fans ever. But at age 36 (soon to be 37), why would I spend $200 for a pair of Air Jordans? I don't wear sneakers to work. I only wear sneakers when I go to the gym. And when I go to the gym, I wear a different kind of sneaker. It's the same with jeans. I wear jeans to work but to spend $200 on a pair of jeans that DON'T jump on my legs by themselves...makes no sense. It's just not practical. Can I afford it? Sure I can. But that's not wise spending.
I'm not here to preach to anybody. We just have to be more practical about how and what we spend our money on. I know that there'll be people who'll spend tons of money over the next few weeks on Christmas gifts. Be practical on what you spend money on. Make sure that it has a net tangible benefit. I mean, when you look back at your purchase, you see that you actually gained something in what you bought. Most of us aren't getting a raise at work. Expenses are increasing (has anybody seen how much a box of cereal costs). Incomes are decreasing. It would be asinine to keep spending like you used to do. That makes no sense. Eventually, you're gonna get hit in the pocket.
Remember, the bling dynasty is over.